White & Case advises EV Metals Group plc on acquisition of Johnson Matthey plc's batteries manufacturing business

Press Release
2 min read

Global law firm White & Case LLP has advised EV Metals Group plc (EV Metals) on its acquisition of Johnson Matthey plc's batteries manufacturing business (Batteries Business) for a cash consideration and a minority equity stake in EV Metals.

EV Metals is a global battery chemicals and technology group focused on a clean energy future. The Batteries Business comprises assets across the UK, Poland and Germany. The acquisition was structured as a combined asset and share purchase, with separate completions in each jurisdiction. Acquisition of the UK assets completed on May 25, 2022. Completion of the acquisitions of the Polish and German target companies are expected to occur at the end of August 2022.

The deal completes EV Metals' integrated supply chain, which includes resources in Western Australia, processing capacity at the integrated Battery Chemicals Complex being developed in Saudi Arabia and now the production of Cathode Active Materials. The acquisition ideally places EV Metals to engage with electric vehicle and battery cell manufacturers in a European market facing a significant deficit in key battery materials.

The deal also includes ongoing development of Johnson Matthey's eLNO® technology, an advanced cathode material enabling electric cars to travel further on a single battery charge.

The White & Case team which advised on the transaction was led by partner Guy Potel (London) and included partners Nicholas Greenacre, Lindsey Canning, Marc Israel (all London), Tilman Kuhn (Düsseldorf & Brussels), Tim Bracksiek (Frankfurt) and Marek Sawicki (Warsaw), local partners Thyl Haβler, Thilo Wienke (both Düsseldorf), Sebastian Stütze (Frankfurt) and Jakub Gubański (Warsaw), counsel Andreas van den Eikel (Berlin), Katarzyna Czwartosz-Liber and Klaudia Malczewska (both Warsaw), and associates Emma Roker, Nick Falconer, Paddy Mohen, Vishnu Rege, Luc Rosenberg (all London), Timo Heppner (Düsseldorf), Justus Redeker, Carsten Schreiner, Miriam Staatz (all Frankfurt), Karolina Kałucka, Dominika Czarniak, and Paweł Góra (all Warsaw). White & Case worked alongside Druces LLP and Robert Klug, EV Metals Global Counsel.

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