11 Dec 2013 Cases

Acquisition of MEI Conlux Holdings by Crane

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Compass Lexecon economists Mary Coleman, David Weiskopf, and Peter Davis were retained by Garret Rasmussen, Antony Kim, Douglas Lahnborg, and Ryan Quillian of Orrick, Herrington & Sutcliffe LLP and Keith Jones and Alexandros Stratakis of Baker & McKenzie to conduct economic analyses of the proposed acquisition of MEI Conlux Holdings by Crane. Both companies offer payment solutions for unattended transaction systems, among other products and services. Drs. Coleman and Weiskopf were supported by a Compass Lexecon team in the U.S. including Bo Bourke and Syre Khan. Dr. Davis received support from a Compass Lexecon team based in Europe, including Kadambari Prasad, Erik Langer, Manuel Mertel Mortillo, Krishna Nandakumar, David Shaharudin, and Kai Wee. The European Commission approved the transaction conditional on the combined entity divesting Crane’s bill recycler product line and licensing in Europe Crane’s Currenza C2 coin recycler, produced in Germany. Compass Lexecon interacted extensively with Crane and MEI and submitted and presented a number of economic analyses to the United States Federal Trade Commission and the European Commission. The acquisition was completed on December 11, 2013.

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