Power and Place – A Regulatory Guide to Data Centre Developments in Europe
20 July 2026
An affiliate of Cerberus Capital Management, L.P. ("Cerberus") signed an agreement to acquire a substantial part of the mechanical engineering division of Goodwin PLC ("Goodwin") for a headline consideration of up to approximately £1.1 billion. The target business includes Goodwin Steel Castings Limited, Goodwin International Limited, Noreva GmbH, Easat Group and the Pumps Division. Goodwin is a UK-based group of established mechanical and refractory engineering companies, specializing in the design, manufacture and supply of high-technology industrial, defense and mineral processing products. It provides technically demanding, high-integrity solutions incorporating proprietary design, advanced manufacturing capabilities and deep technical expertise to aerospace and defense, nuclear, power and mining customers globally. Cerberus is a global alternative investment firm with approximately $72 billion in assets under management across complementary credit, real estate and private equity strategies.
The transaction is expected to complete in the first quarter of 2027, subject to customary regulatory approvals and an internal reorganisation.
Hengeler Mueller is advising Cerberus on the German aspects of the transaction alongside Davis Polk & Wardwell LLP as principal legal adviser to Cerberus.
Hengeler Mueller team for Cerberus
Corporate/M&A: Sebastian Schneider, Marika Öry (both lead), Dirk H. Bliesener (all partner), Maximilian Kunzelmann (senior associate), Lukas König (associate, all Frankfurt),
Financing: Henning Hilke (both partner), Simon Tänzer (senior associate, all Frankfurt),
Tax: Sebastian Adam (Partner), Marius Marx (counsel, both Frankfurt),
Public Law/Regulatory: Michael Schramm (Partner), Barbara Boytinck (senior associate, both Düsseldorf),
Antitrust: Philipp Otto Neideck (Partner), Daniel Higer (senior associate, both Düsseldorf),
Employment: Christian Hoefs (Partner), Andreas Kaletsch (senior associate, both Frankfurt),
IP/IT: Matthias Rothkopf (Partner, Düsseldorf), Róża Grzybowska (senior associate, Berlin), Fabian Krome (associate, Düsseldorf).
