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Friday 23rd May 2008

SJ Berwin LLP advised Salton, Inc., a subsidiary of the hedge fund Harbinger Capital Partners, on the acquisition of the international United Pet Group from Spectrum Brands, Inc.  The agreed purchase price amounts to more than US$ 900 million, of which US$ 700 million is cash. SJ Berwin advised Salton alongside US law firm Paul Weiss Rifkind Wharton & Garrison LLP. “In this transaction, we bundled the expertise of six SJ Berwin offices in order to provide pan-European advice to Salton as a one-stop shop in close collaboration with Paul Weiss,“ comments Dr. Julian Lemor. Salton is one of the leading distributors of small kitchen and home appliances and pet products.  United Pet Group is a manufacturer of branded pet supplies for fish, dogs, cats, birds and other small domestic animals, including the internationally leading aquatics brand, Tetra. United Pet Group has operations in the United States, Europe and Asia. SJ Berwin advised Salton with a team lead by Dr. Julian Lemor (Partner) working alongside Boris Kläsener (Counsel, both Corporate), Dr. Holger Thomas (Partner, Employment, all Frankfurt), Dr. Jan Dirk Heerma (Partner, IP/IT, Berlin), Tilman Siebert (Partner, EU&Competition, Munich) and Marcus Hierl (Counsel, Tax, Frankfurt).  They were supported by associates Birgit Hübscher-Alt, Madlen Kotte (both Frankfurt), Nick Brown (London), Thomas Maitrejean, Guillaume Rémy (both Paris), Lorenzo Fratantoni (Milan, all Corporate), Dr. Ilka Heinemeyer, Dr. Golo Weidmann (both Frankfurt), Astrid Sandberg, Franko Surjan (both London, all Employment), Tilman de Vries, Dr. Christopher Maierhöfer (both IP/IT, Berlin), Karsten Seidel (Tax, Frankfurt) and Andreas Erm (Financial Markets, Frankfurt).

Contact:
Dr. Julian Lemor, Partner +49 (0)69 50 50 32 500, email julian.lemor@sjberwin.com 
Ann-Charlott Steinbrück, Marketing and Communications +49 (0)69 50 50 32 318, email ann-charlott.steinbrueck@sjberwin.com