Boston, MA -- (SBWIRE) -- 04/06/2012 -- C.W. Downer & Co., an independent global investment bank, is pleased to formally announce the opening of its newest office in Mumbai, India. Shirish Nimgaonkar, Managing Director, will manage the Mumbai office.

C.W. Downer & Co. serves its global client base from its corporate headquarters in Boston and from offices in Dublin, Frankfurt, Madrid, Mumbai, Oslo, Paris, Shanghai and Sydney. The Mumbai office is located at Level 8, Vibgyor Towers, C62, Block G, Bandra Kurla Complex, Mumbai-400 051, India. The main phone number is +91 22 4090 7182.

"We are pleased to add Shirish and his team and, with Mumbai as a base, we look forward to expanding our transaction capabilities in India and South Asia," said Arthur Gottlieb, Managing Director and Partner with C.W. Downer & Co. "C.W. Downer is guided by the principle that the middle market is global and our clients understand and appreciate the value of our unique global reach. We are a fully integrated firm and staff every engagement with our own professionals, not with employees of alliance partners. Extending our reach to India represents an important milestone for the firm," stated Mr. Gottlieb.

"With its strong long term prospects, driven by a large pool of talented young workers and a growing middle class, India will be an increasingly important part of global cross-border M&A activity" said Shirish Nimgaonkar. "Continued revenue growth, strong balance sheets, and increasing market valuations of Indian companies will lead to more international transactions as these companies look to acquire new products, advanced technology, brand expertise and global customers. At the same time, international companies are increasingly focused on gaining access to the rapidly growing Indian market. I feel strongly that C.W. Downer, with its global reach, strong middle-market focus, and deep industry expertise is perfectly positioned to be a strategic advisor to both Indian and non-Indian clients," he concluded.

Mr. Nimgaonkar has had extensive experience in strategy, corporate development, and operations in the US, Europe and Asia. Prior to joining C.W. Downer, he led the technology and private equity transactions practice for a cross-border M&A advisory firm. Earlier in his career, he was responsible for the strategy, growth and operations initiatives at several major IT services companies. He has also managed strategic operations, product management, marketing and fundraising initiatives for a large semiconductor company and for startup companies in the US. He has undergraduate and advanced degrees from the Indian Institute of Technology, where he was recognized as an ITC management scholar, Stanford University, and Harvard Business School. Mr. Nimgaonkar is also a professional musician and an avid sailor. He is fluent in English, Hindi, Marathi and Telugu.

About C.W. Downer & Co.
C.W. Downer & Co. is an independent, global investment bank offering middle-market clients a high level of personal attention coupled with 35 years of international execution experience. We provide insight, not just information. We generate value, not just transactions. With nine fully integrated offices on four continents, we consistently identify the most appropriate strategic buyer and uncover "hidden" acquisition targets. C.W. Downer & Co. delivers the reach of a bulge-bracket investment bank with the senior level focus of a boutique. For more information, visit http://www.cwdowner.com.

For Further Information:
Shirish Nimgaonkar, Managing Director
snimgaonkar@cwdowner.com

Patti Allan, Marketing Director
pallan@cwdowner.com
C.W. Downer & Co.
+1 617 482 6200

For more information on this press release visit: http://www.releasewire.com/press-releases/release-3.htm

Industry Veteran Charles DelGrande Hired to Lead Practice Team

Boston, MA -- (SBWIRE) -- 03/21/2012 -- C.W. Downer & Co., an independent global investment bank, has hired Charles DelGrande as Managing Director in charge of the firm's newly-created Technology, Media and Interactive Services Group. Tristan Snyder, who has worked with Mr. DelGrande for more than four years, will also join the team as Associate.

"Chuck is a perfect banker to launch our global practice in Technology, Media and Interactive Services," said Arthur Gottlieb, Managing Director and Partner at C.W. Downer & Co. "He is a well-respected industry veteran who brings a solid track record, loyal clients, a focused team and the determination to establish C.W. Downer as a leading global middle market investment bank in Technology, Media and Interactive Services. Given his past performance as an executive and investment banker, we are confident he will be a major contributor to the continued success of our firm."

Mr. DelGrande has more than 25 years of investment banking, eBusiness and media industry experience, including venturing, investment operations, marketing and business development. He has managed sell-side, buy-side and private placement engagements, completed special committee work for Boards of Directors, and has led or co-led strategic investments for growing companies.

Prior to joining C.W. Downer & Co., Mr. DelGrande was a senior managing director at McGladrey Capital Markets, where he was the driving force behind the firm's Technology, Media, Entertainment and Gaming industry group. From 2003 through 2010, he was a managing director at San Francisco-based Presidio Merchant Partners, focused on technology banking. Prior to that, he was a Senior Vice President for Dimension Data North America, a $500 million revenue division of Dimension Data plc, a global technology product and services company. Chuck joined Dimension Data when it acquired Proxicom, where he was Senior Vice President of Global Strategy. Mr. DelGrande also spent more than 15 years at the Chicago Tribune, Tribune Company, and related media company joint ventures.

About C.W. Downer & Co.
C.W. Downer & Co. is an independent, global investment bank offering middle-market clients a high level of personal attention coupled with 35 years of international execution experience. We provide insight, not just information. We generate value, not just transactions. With eight fully integrated offices on four continents, we consistently identify the most appropriate strategic buyer and uncover "hidden" acquisition targets. C.W. Downer & Co. delivers the reach of a bulge-bracket investment bank with the senior level focus of a boutique. For more information, visit http://www.cwdowner.com.

Contact:
Charles DelGrande, Managing Director, cdelgrande@cwdowner.com

For more information on this press release visit: http://www.releasewire.com/press-releases/release-3.htm

Boston, MA -- (SBWIRE) -- 03/19/2012 -- C.W. Downer & Co., a leading middle-market cross-border investment bank, is pleased to announce that Galaxy Desserts, makers of individual, French-inspired gourmet desserts and baked goods, has been sold to Brioche Pasquier Group of France. The transaction closed on January 25, 2012, and the financial terms were not disclosed.

Founded in 1998 and based in Richmond, CA, Galaxy Desserts manufacturers all-natural frozen desserts including mousse cakes, tarts, cheesecakes and baked goods. Their product line has received multiple industry honors including NASFT 2003 Outstanding Dessert of the Year Award for the Grand Sequoia cake, placement on "Oprah's Favorite Things" lists in both 2002 (Croissants) and 2003 (Molten Chocolate Cake Batter) and "Oprah's All-Time Classic Favorite Things" 2005 (Croissants). Jean-Yves Charon and Paul Levitan, co-founders of Galaxy Desserts, have retained ownership in the combined venture and will continue to play a role in managing the operation.

Brioche Pasquier Group is a mid-sized family-owned French manufacturer of traditional pastry, brioche, bread and other bakery products. Pasquier is based in les Cerqueux, France. The company was founded in 1974 and has operations in Spain, Belgium, Germany and the UK.

"We were engaged by the shareholders of Galaxy due to our unique combination of food sector experience and capabilities in approaching European buyers," said Jeff Robards, Managing Director of C.W. Downer & Co. "Our flexible approach to the transaction process facilitated a preemptive deal with Pasquier while keeping options open for engaging with other buyers. The end result is a 'win-win' for Galaxy and Brioche Pasquier and a great fit from both a business and a cultural perspective," stated Robards.

"We are thrilled to have joined forces with Pasquier and its world-class manufacturing capabilities," said Paul Levitan, President & CEO of Galaxy Desserts in a company release. "We share the same core values along with a dedication to providing the best desserts and pastries on the market. We are excited for what we will build together in the U.S."

The C.W. Downer & Co. team advising on the Galaxy Desserts sale included Jeffrey Robards (Managing Director, Boston), Gregory Fanikos (Vice President, Boston), Ashley Rountree (Managing Director & Partner, Paris), and Emmanuel Wydooghe (Managing Director, Paris).

About C.W. Downer & Co.
C.W. Downer & Co. is an independent, global investment bank offering middle-market clients a high level of personal attention coupled with 35 years of international execution experience. We provide insight, not just information. We generate value, not just transactions. With eight fully integrated offices on four continents, we consistently identify the most appropriate strategic buyer and uncover "hidden" acquisition targets. C.W. Downer & Co. delivers the reach of a bulge-bracket investment bank with the senior level focus of a boutique. For more information, visit http://www.cwdowner.com.

For more information on this press release visit: http://www.releasewire.com/press-releases/release-3.htm

Boston, MA -- (SBWIRE) -- 03/12/2012 -- C.W. Downer & Co., a leading global middle-market investment bank, is pleased to announce that Arena Group has completed a successful fundraising totaling £16.5m. The private equity firm MML Capital Partners made a substantial minority investment, alongside the specialist sports fund, Sports Investment Partners (SIP).

Arena Group is a leading event overlay design and solutions company, creating temporary venues for prestigious sporting and live events across the globe. The company is headquartered in the UK with bases in Abu Dhabi, Dubai, Malaysia, Portugal, Singapore and Spain. Arena provides temporary structures, seating, hospitality boxes, scaffolding, and event management services for prestigious international events such as the Wimbledon Championships, as well as The Open and the Ryder Cup.

Arena Group CEO, Greg Lawless, said of the investment, "It gives us great flexibility at a time when we are looking to expand beyond our current bases to reach new opportunities in the Far East."

Philip Smith, Managing Director of C.W. Downer & Co., commented, "We are particularly pleased to have finalised this fund-raise against the background of a tough financing environment, particularly in the run-up to the year-end and its aftermath. The company is now well poised for international growth, where we see some excellent opportunities for further development."

The investment in Arena is a first for SIP, whose chairman is Sir Martin Broughton, the former chairman of Liverpool FC and current chairman of British Airways. Matthew Wheeler, a partner with SIP and former professional cricketer with Northants CCC, will become Chairman of Arena. Over the past 10 years, Wheeler has shepherded six private equity-backed sports and media businesses from initial investment through to successful exits.

MML Capital is a significant independent private equity firm in London of long standing. The MML investment was led by Bal Johal and Luke Jones. Bal Johal joins the Arena board and commented, "In Arena we quickly recognised an essential and high quality service, led by a strong management team in a fast growing sector. The way the deal has been structured with SIP's support and involvement makes this a very exciting opportunity."

The C.W. Downer & Co. team assisting Arena Group with the capital raise included Philip Smith (Managing Director, Dublin), Ashley Rountree (Managing Director & Partner, Paris), Nicolas Vienot (Associate, Paris), Jennifer O'Shea (Analyst, Dublin), and Ivana Mastilovic (Analyst, Paris).

About C.W. Downer & Co.
C.W. Downer & Co. is an independent, global investment bank offering middle-market clients a high level of personal attention coupled with 35 years of international execution experience. We provide insight, not just information. We generate value, not just transactions. With eight fully integrated offices on four continents, we consistently identify the most appropriate strategic buyer and uncover "hidden" acquisition targets. C.W. Downer & Co. delivers the reach of a bulge-bracket investment bank with the senior level focus of a boutique. For more information, visit http://www.cwdowner.com.

For Further Information:

Ashley Rountree, Managing Director & Partner
arountree@cwdowner.com

Philip Smith, Managing Director
psmith@cwdowner.com

Patti Allan, Marketing Director
pallan@cwdowner.com
C.W. Downer & Co.
+1 617 482 6200

For more information on this press release visit: http://www.releasewire.com/press-releases/release-3.htm

Boston, MA -- (SBWIRE) -- 02/20/2012 -- C.W. Downer & Co., a leading global middle-market investment bank, is pleased to announce that Korindo Group of Indonesia has completed the sale of Eupec PipeCoatings France S.A., including its German subsidiary, Eupec PipelineServices GmbH, to Mutares AG. Mutares AG is a German industrial holding company focused on acquiring midsized companies in special situations. The transaction closed on January 26, 2012 for an undisclosed amount.

Headquartered in Gravelines, France, Eupec is one of the world's leading providers of pipeline coating services, primarily for large diameter oil & gas pipelines. Eupec provides concrete weight and anti-corrosion coatings, thermal insulation solutions, and field joint coatings for on- and off-shore applications. Eupec has provided concrete-weight coatings on the Nord Stream Pipeline, the largest underwater natural gas pipeline installation in the world.

"Korindo realized a tremendous achievement with the Nord Stream Project. Now Eupec will have the opportunity to build on its strong reputation with the support of a European shareholder," said Ashley Rountree, Managing Director & Partner with C.W. Downer & Co.

The C.W. Downer & Co. team advising on the sale of Eupec included Mr. Rountree (Managing Director & Partner), Emmanuel Wydooghe (Managing Director) and Nicolas Vienot (Associate) with the firm's Paris office.

About C.W. Downer & Co.
C.W. Downer & Co. is an independent, global investment bank offering middle-market clients a high level of personal attention coupled with 35 years of international execution experience. We provide insight, not just information. We generate value, not just transactions. With eight fully integrated offices on four continents, we consistently identify the most appropriate strategic buyer and uncover "hidden" acquisition targets. C.W. Downer & Co. delivers the reach of a bulge-bracket investment bank with the senior level focus of a boutique. For more information, visit http://www.cwdowner.com.

For more information on this press release visit: http://www.releasewire.com/press-releases/release-3.htm

Boston, MA -- (SBWIRE) -- 01/27/2012 -- C.W. Downer & Co., a leading global middle-market investment bank, is pleased to announce that the City of Nashua has completed the acquisition of Pennichuck Corporation (Nasdaq: PNNW). Through this transaction, Nashua has acquired the three regulated water utilities owned by Pennichuck, the company's water services and real estate operations, and all the watershed land owned by the company. Pennichuck shareholders will receive $29 per share for a total of $137.8 million. Including assumed corporate debt, the transaction value was approximately $200 million.

In this unprecedented transaction, a local government has acquired all the outstanding shares of a public company using municipal debt to finance the purchase. This unique transaction structure benefits all parties – water rates will be lower for utility customers, the City of Nashua will control the future of its water system and watershed lands, all water utility employees will keep their current jobs, and stockholders will receive a fair price for their shares. Pennichuck will continue to operate as a distinct corporate entity governed by a Board of Directors appointed by the City.

This agreement marks the end of a decade-long legal battle between the City of Nashua and Pennichuck over control of the city's drinking water. Starting in 2002, Nashua first attempted to acquire Pennichuck by way of an eminent domain takeover. Under the leadership of Mayor Donnalee Lozeau and the Nashua Board of Aldermen, and with the financial advice of C.W. Downer & Co. and legal advice of Rath, Young and Pignatelli, the City subsequently chose to pursue a negotiated solution which has resulted in this extraordinary stock sale transaction.

"This transaction realizes our long term goal of securing and protecting critical water resources and watershed land for the citizens of Nashua for generations to come," declared Mayor Lozeau. "I couldn't be more pleased with the results achieved by the City team and its advisors."

"It's great," Alderman-At-Large Brian McCarthy said of the closing. "It's the end of a decade of hard work and the beginning of a century of benefits."

"We are delighted that we helped Nashua and Pennichuck find this solution to their eminent domain dispute," said Wade Aust, Managing Director & Partner of C.W. Downer & Co. "This transaction is a welcome addition to C.W. Downer's record of successful infrastructure engagements."

"Advising the City of Nashua on the acquisition of a public company has been a unique experience," said Arthur Gottlieb, Managing Director & Partner of C.W. Downer & Co. "We have dealt with a number of issues – from working with the Nashua city government, to obtaining Public Utility Commission approval, to presenting this transaction to the municipal debt rating agencies – that are simply not factors in most corporate transactions."

The C.W. Downer & Co. team responsible for the Pennichuck acquisition included Mr. Aust (Managing Director & Partner, Boston), Mr. Gottlieb (Managing Director & Partner, Boston), Ruta J. Laukien (Director, Boston) and Christopher Donegan (Director, Boston).

About C.W. Downer & Co.
C.W. Downer & Co. is an independent, global investment bank offering middle-market clients a high level of personal attention coupled with 35 years of international execution experience. We provide insight, not just information. We generate value, not just transactions. With eight fully integrated offices on four continents, we consistently identify the most appropriate strategic buyer and uncover "hidden" acquisition targets. C.W. Downer & Co. delivers the reach of a bulge-bracket investment bank with the senior level focus of a boutique. For more information, visit http://www.cwdowner.com.

Contacts:
Wade Aust, Managing Director & Partner
waust@cwdowner.com

Arthur Gottlieb, Managing Director & Partner
agottlieb@cwdowner.com

For more information on this press release visit: http://www.releasewire.com/press-releases/release-3.htm

Boston, MA -- (SBWIRE) -- 10/17/2011 -- C.W. Downer & Co., a leading global middle-market investment bank, is pleased to announce that Nova Capital Management has sold DiaCom Holdings, Inc., to Boston-based private equity firm, Fulham & Co. C.W. Downer & Co. acted as exclusive financial advisor to Nova Capital on the divestiture. The transaction closed on October 7, 2011 and the deal value was not disclosed.

Based in Amherst, NH, DiaCom designs, engineers, and manufactures state-of-the-art molded elastomeric diaphragms. The highly engineered fabric-reinforced rubber components are used in industrial, automotive, aerospace, medical, and food & water processing applications. DiaCom was acquired by Nova Capital in 2007 and is currently the leading customized solutions provider of performance critical diaphragm seals in North America.

"For over a decade, we have worked closely with numerous North American and European seals & elastomeric product manufacturers on successful acquisition and divestiture programs," said Wade Aust, Managing Director & Partner with C.W. Downer & Co. "Our sector experience and longstanding relationships with many of the key decision makers in this industry create significant value for our clients. We are thrilled to have closed yet another transaction in this sector and continue to build our reputation as a leading advisory firm within this niche market," he concluded.

"DiaCom's leading market position and strong underlying fundamentals made it a very attractive asset that garnered significant interest from both domestic and international strategic acquirers as well as US middle market private equity groups," said Christopher Donegan, Vice President with C.W. Downer. "As a result, we were able to run a highly competitive process through to completion that incorporated elements such as a locked-box mechanism and rep & warranty insurance in order to provide Nova Capital Management with the clarity they desired on the final deal economics."

The C.W. Downer transaction team advising on the sale of DiaCom included Mr. Aust, Mr. Donegan, David Waldstein (Associate), and Jenny Chen (Analyst) with the firm's Boston office, and Philip Smith (Managing Director) with the firm's Dublin office.

About C.W. Downer & Co.
C.W. Downer & Co. is an independent, global investment bank offering middle-market clients a high level of personal attention coupled with 35 years of international execution experience. We provide insight, not just information. We generate value, not just transactions. With eight fully integrated offices on four continents, we consistently identify the most appropriate strategic buyer and uncover "hidden" acquisition targets. C.W. Downer & Co. delivers the reach of a bulge-bracket investment bank with the senior level focus of a boutique.

For more information on this press release visit: http://www.releasewire.com/press-releases/release-3.htm

Boston, MA -- (SBWIRE) --10/13/2011 -- C.W. Downer & Co., a leading global middle-market investment bank, is pleased to announce that Insituform Technologies, Inc. has completed its acquisition of the business and assets of UK-based Hockway Limited and the capital stock of Hockway Middle East FZC, based in the United Arab Emirates (collectively known as "Hockway"). The transaction closed on August 2, 2011 for a purchase price of $4.6 million with up to an additional $1.5 million payable upon achievement of certain performance targets during the three-year period ending December 31, 2013.

Hockway provides both onshore and offshore cathodic protection services to the oil & gas industry and manufacturers a wide array of cathodic protection equipment. Cathodic protection is a technique used to control the salt water corrosion of a metal surface by connecting the metal to be protected with another more easily corroded metal to act as the anode of the electrochemical cell. Hockway systems and materials are used in a wide variety of applications including, but not limited to, pipelines, well casings, piers & jetties, off-shore structures, storage tanks and heat exchangers.

The Hockway acquisition will expand Insituform's Energy and Mining business, particularly in the Middle East, and offers synergies with subsidiary Corrpro Companies' existing business in the United Kingdom.

The C.W. Downer transaction team advising on the acquisition included Ashley E. Rountree (Managing Director & Partner, Paris), Raymond Morin (Vice President, Frankfurt), and Nicolas Vienot (Associate, Paris).

About C.W. Downer & Co.
C.W. Downer & Co. is an independent, global investment bank offering middle-market clients a high level of personal attention coupled with more than 35 years of international execution experience. We provide insight, not just information. We generate value, not just transactions. With eight fully integrated offices on four continents, we consistently identify the most appropriate strategic buyer and uncover "hidden" acquisition targets. C.W. Downer & Co. delivers the reach of a bulge-bracket investment bank with the senior level focus of a boutique. For more information, visit www.cwdowner.com.

For more information on this press release visit: http://www.releasewire.com/press-releases/release-3.htm

Boston, MA -- (SBWIRE) -- 10/06/2011 -- C.W. Downer & Co., a leading global middle-market investment bank, is pleased to announce that Canadian private equity firm TerraNova Partners LP has sold KK Precision, Inc. to River Associates Investments. C.W. Downer & Co. acted as sole financial advisor to TerraNova Partners and its subsidiary, Precinda Corp., on the divestiture. The deal closed on September 1, 2011 and the transaction value was undisclosed.

Based in Toronto, Ontario, KK Precision specializes in the design, manufacture and supply of complex, high precision components for OEM customers in the land-based and aerospace gas turbine industries. KK Precision's proprietary manufacturing & engineering capabilities combined with consistent performance has enabled it to establish longstanding, collaborative relationships with the gas turbine industry's leading OEMs, including Rolls-Royce, Siemens, Pratt & Whitney, GE and Dresser Rand.

C.W. Downer ran a global divestiture process which included financial and strategic buyers from North America, Europe and Asia. "Our firm's deep turbine industry experience helped in the positioning of this unique supplier to potential acquirers and our extensive network of contacts enabled us to quickly and confidentially introduce KK Precision to both strategic and private equity acquirers around the world," said Wade Aust, Managing Director & Partner with C.W. Downer & Co.

"Although we brought a large contingent of both domestic and international strategic buyers to the table, KK Precision found a true partner in River Associates Investments," said Christopher Donegan, Vice President with C.W. Downer. "River Associates will allow KK Precision to expand internationally and fulfill the company's strategic objectives.

The C.W. Downer transaction team advising on the sale of KK Precision included Mr. Aust (Managing Director & Partner), Mr. Donegan (Vice President), David Waldstein (Associate), and Chris DiPietro (Analyst) with the firm's Boston office.

About C.W. Downer & Co.
C.W. Downer & Co. is an independent, global investment bank offering middle-market clients a high level of personal attention coupled with more than 35 years of international execution experience. We provide insight, not just information. We generate value, not just transactions. With eight fully integrated offices on four continents, we consistently identify the most appropriate strategic buyer and uncover "hidden" acquisition targets. C.W. Downer & Co. delivers the reach of a bulge-bracket investment bank with the senior level focus of a boutique. For more information, visit http://www.cwdowner.com.

For more information on this press release visit: http://www.releasewire.com/press-releases/release-3.htm

Boston, MA -- (SBWIRE) -- 09/30/2011 -- C.W. Downer & Co., a leading global middle-market investment bank, is pleased to announce that Insituform Technologies, Inc. has completed its acquisition of the North American business of Fyfe Group, LLC. The transaction closed on August 31, 2011 for a transaction value of $115.8 million. The acquisition was financed by a $250 million term loan under Insituform's new $500 million credit facility.

Based in San Diego, CA, Fyfe Group specializes in the design, manufacture, and installation of fiber reinforced polymer (FRP) systems to strengthen, repair, restore and rehabilitate pipelines, commercial building infrastructures, bridges, and tunnels. The acquisition is in line with Insituform's strategic plan to develop or acquire high value products and services to prevent the deterioration of infrastructure, as well as expand the markets into which Insituform offers its products and services. Fyfe Group's founder & chairman, chief executive, and senior management team plan to remain with the company and will be responsible for its day-to-day operations, growth and continued technological innovation.

"We are pleased to have completed another transaction in the infrastructure, oil & gas and water sectors," said Wade Aust, Managing Director & Partner with C.W. Downer. "This is our fifth industry-related transaction announced in the past eleven months and we continue to gain valuable experience in these sectors."

As part of the purchase agreement, Insituform was granted the option—until July 26, 2012—to purchase Fyfe Group's international operations in Asia, Europe and Latin America. Insituform expects that the acquisition of the international operations will close before the end of 2011, subject to further due diligence and partner discussions.

"Our firm has more than 35 years of experience conducting comprehensive global buyside search programs for our clients," said C.W. Downer Managing Director & Partner, Mike Howell. "We are pleased to have assisted Insituform with this acquisition and look forward to supporting them with their goals to build and expand internationally in the structural rehabilitation, repair and restoration markets."

The C.W. Downer transaction team advising on the acquisition included Mr. Aust (Managing Director & Partner), Mr. Howell (Managing Director & Partner), Taso Skalkos (Associate), and Jenny Chen (Analyst) with the firm's Boston office.

About C.W. Downer & Co.
C.W. Downer & Co. is an independent, global investment bank offering middle-market clients a high level of personal attention coupled with 35 years of international execution experience. We provide insight, not just information. We generate value, not just transactions. With seven fully integrated offices on four continents, we consistently identify the most appropriate strategic buyer and uncover "hidden" acquisition targets. C.W. Downer & Co. delivers the reach of a bulge-bracket investment bank with the senior level focus of a boutique.

For more information on this press release visit: http://www.releasewire.com/press-releases/release-3.htm

Boston, MA -- (SBWIRE) -- 08/12/2011 -- C.W. Downer & Co., a leading global middle-market investment bank, is pleased to announce that Lydall, Inc. (NYSE:LDL) has completed the sale of Lydall Industrial Thermal Solutions, Inc. ("Affinity") to Lytron, Inc., of Woburn, MA, USA. The transaction closed on June 29, 2011.

Affinity is a leading North American producer of highly engineered thermal management systems that precisely control the operating temperatures of advanced manufacturing equipment.

Affinity's technically advanced systems are utilized by clients in the semiconductor equipment, commercial laser and industrial markets. Affinity further supports its customers by offering a global service network that provides routine maintenance and servicing for its large installed base of equipment. Lytron, Inc. manufactures custom and standard cold plates, heat exchangers, assemblies, and cooling systems for both OEMs and end users. Lytron's products are used in medical, laser, military, commercial aerospace, power electronics, analytical, and semiconductor applications.

"We are very pleased to have assisted Lydall with its successful divestiture of Affinity. This transaction is consistent with Lydall's strategy to focus on its core filtration and life sciences businesses," said Paul Colone, Managing Director & Partner with C.W. Downer & Co. "Lytron's expertise in thermal management solutions made it an ideal strategic buyer for Affinity. The product lines and markets are complementary and the combined engineering and service organizations should provide enhanced value to both companies' global customers."

The C.W. Downer transaction team responsible for the transaction included Paul Colone, Managing Director & Partner (Boston), Greg Fanikos, Vice President (Boston) and Jenny Chen, Analyst (Boston).

About C.W. Downer & Co.
C.W. Downer & Co. is an independent, global investment bank offering middle-market clients a high level of personal attention coupled with 35 years of international execution experience. We provide insight, not just information. We generate value, not just transactions. With seven fully integrated offices on four continents, we consistently identify the most appropriate strategic buyer and uncover "hidden" acquisition targets. C.W. Downer & Co. delivers the reach of a bulge-bracket investment bank with the senior level focus of a boutique. For more information, visit http://www.cwdowner.com.

For Further Information:
Paul Colone, Managing Director & Partner
pcolone@cwdowner.com

For more information on this press release visit: http://www.releasewire.com/press-releases/release-3.htm

Boston, MA -- (SBWIRE) -- 08/05/2011 -- C.W. Downer & Co. is pleased to announce that GKN plc has signed an agreement to acquire Stromag Holding GmbH from Equita Holding GmbH. The acquisition costs are comprised of a cash consideration of €164 million for the equity and repayment of debt of €31 million.

GKN is a global engineering group with design and manufacturing capabilities in the automotive, powder metallurgy, land systems and aerospace sectors. The transaction was announced on July 17, 2011 and is expected to close in September of this year, subject to customary conditions and regulatory approvals.

Based in Unna, Germany, Stromag is a privately-held engineer of industrial power management components, including hydraulic clutches, electro-magnetic brakes and flexible couplings.

The company's solutions are utilized by the agricultural, construction, mining, renewable energy and metal processing industries, amongst others. Stromag's global operations in Germany, France, the United States, Brazil, India and China will be incorporated into GKN's Land Systems division.

Andy Reynolds Smith, Executive Director, GKN plc, said in a company statement, "The acquisition of Stromag is an important step in the implementation of the GKN Land Systems' strategy to build a global leader in Industrial Power Management, extending our capability in electro mechanical components. In combination with our existing business, it will provide a strong platform to accelerate growth in existing markets, together with access to a number of attractive new industrial segments including renewable energy."

The C.W. Downer transaction team who advised on the acquisition included Frank Merkel (Managing Director & Partner), Ulrich Mueller (Managing Director), Raymond Morin (Vice President), and Stefan Meier (Analyst), all based in the firm's Frankfurt office.

About C.W. Downer & Co.
C.W. Downer & Co. is an independent, global investment bank offering middle-market clients a high level of personal attention coupled with 35 years of international execution experience. We provide insight, not just information. We generate value, not just transactions. With seven fully integrated offices on four continents, we consistently identify the most appropriate strategic buyer and uncover "hidden" acquisition targets. C.W. Downer & Co. delivers the reach of a bulge-bracket investment bank with the senior level focus of a boutique. For more information, visit http://www.cwdowner.com.

For more information on this press release visit: http://www.releasewire.com/press-releases/release-3.htm

Boston, MA -- (SBWIRE) -- 07/22/2011 -- C.W. Downer & Co., a leading global middle-market investment bank, is pleased to announce that the shareholders of Ombuds Group, one of Europe's leading providers of private protection services, have sold a majority stake to industrial holding JZ International (JZI). The transaction closed on May 18, 2011. La Caixa, Banco de Valencia and Lloyds TSB provided debt financing to support the transaction. Financial terms were not disclosed.

Based in Madrid, Spain, Ombuds Group provides a suite of security services to its clients including personal protection, electronic security systems, security consulting, and safety plans. Ombuds is one of the most sophisticated companies providing bodyguards for government officials and other VIP clients in Europe. The Group has around 3,000 employees and generates a turnover of more than €100 million. JZI is a private industrial holding dedicated to investments in small and medium-sized private enterprises in Europe. JZI is the European division of JZ Advisers Inc, investment advisers for JZ Capital Partners.

"JZI is exactly the right partner to carry out our ambitious domestic and international growth strategy," explained Rodrigo Cortina, founder and CEO of Ombuds Group. Mr. Cortina will retain approximately 25% of Ombuds Group share capital and will continue in his current role as CEO.

C.W. Downer & Co. identified and approached JZI and initiated discussions with Ombuds Group. "Despite the difficult economic situation in Spain, we were able to assist Ombuds Group define the right strategy for the future development of the company and close an attractive deal," said Dr. Guido Siebiera, Managing Director of C.W. Downer & Co.

"This important transaction has put our newly established Madrid office on the map," stated Arthur Gottlieb, Managing Partner of C.W. Downer. "We are very pleased with this outcome and look forward to continued success in Spain."

The C.W. Downer transaction team included Dr. Siebiera, Managing Director (Spain), and Biel Ballester, Analyst (Spain).

About C.W. Downer & Co.
C.W. Downer & Co. is an independent, global investment bank offering middle-market clients a high level of personal attention coupled with 35 years of international execution experience. We provide insight, not just information. We generate value, not just transactions. With seven fully integrated offices on four continents, we consistently identify the most appropriate strategic buyer and uncover "hidden" acquisition targets. C.W. Downer & Co. delivers the reach of a bulge-bracket investment bank with the senior level focus of a boutique. For more information, visit http://www.cwdowner.com.

For more information on this press release visit: http://www.releasewire.com/press-releases/release-3.htm

Boston, MA -- (SBWIRE) --05/25/2011 -- C.W. Downer & Co., a leading global middle-market investment bank, is pleased to announce that TMD Friction Group SA has acquired Dynotherm (Pty) Ltd., a South African friction manufacturer for industrial, rail & commercial vehicle applications. The transaction closed on April 28, 2011 and the financial terms were not disclosed.

TMD Friction is the world's leading manufacturer of friction materials for automotive and industrial applications. The acquisition of Dynotherm--the company's third acquisition in nine months--supports TMD Friction's strategic goal of diversifying its product range through global expansion in the non-automotive friction materials market.

"The expansion of our technology leadership in niche growth industries outside the automotive sector, including rail and other industries, is one of our essential growth strategies," explained Derek Whitworth, President and CEO of TMD Friction, in a company statement. "Dynotherm's product portfolio brings exciting new technologies to TMD Friction. Our global reach will bring these products to a much broader market."

"This transaction is the first result of our systematic global search & acquisition program currently mandated by TMD Friction," said Ulrich Mueller, Managing Director of C.W. Downer & Co. C.W. Downer identified and approached Dynotherm and also initiated the discussions with TMD Friction.

The C.W. Downer transaction team responsible for the acquisition included Wade Aust, Managing Director & Partner (Boston), Ulrich Mueller, Managing Director (Frankfurt), Raymond Morin, Vice President (Frankfurt) and Jochen Koehler, Associate (Frankfurt).

About C.W. Downer & Co.
C.W. Downer & Co. is an independent, global investment bank offering middle-market clients a high level of personal attention coupled with 35 years of international execution experience. We provide insight, not just information. We generate value, not just transactions. With seven fully integrated offices on four continents, we consistently identify the most appropriate strategic buyer and uncover "hidden" acquisition targets. C.W. Downer & Co. delivers the reach of a bulge-bracket investment bank with the senior level focus of a boutique. For more information, visit http://www.cwdowner.com.

For Further Information:

Wade Aust, Managing Director & Partner
waust@cwdowner.com

Ulrich Mueller, Managing Director
umueller@cwdowner.com

Patti Allan, Marketing Director
pallan@cwdowner.com
+1 617 482 6200

For more information on this press release visit: http://www.releasewire.com/press-releases/release-3.htm

Boston, MA -- (SBWIRE) -- 04/14/2011 -- C.W. Downer & Co., a leading global middle-market investment bank, is pleased to announce that Kleerex Group has sold Kleerex Retail Services to New Store Europe, a retail services and design company owned by Herkules private equity. The transaction closed on March 9, 2011 and terms were not disclosed.

Kleerex Retail Services is a leading store fixtures and display solutions provider in the United Kingdom. New Store Europe is headquartered in Oslo and has offices strategically located in nine European countries. Through the acquisition of Kleerex Retail Services, New Store Europe will increase its European presence and will become one of a few companies with the capability to serve multinational retailers across Europe.

"We are pleased to join forces with Kleerex, which is an excellent business with a leading position in supplying store fixtures and displays as well as value added services to the leading retailers in the UK," said Per Bjorgas, CEO of the new combined group, in a company release. "With the acquisition, our foothold in the most important retail market in Europe will be substantially strengthened. We believe that the combined talent and resources of both Kleerex and New Store Europe will provide our customers with new ideas and innovation, an improved global sourcing operation and a stronger ability to support our customers on an international basis," he concluded.

Ashley Rountree, Managing Director & Partner with C.W. Downer & Co., remarked, "Kleerex operates in an industry we know very well, so we were able to identify potential buyers with 'surgical precision.' Ultimately we revealed the identity of the seller to only a few selected companies, and nearly all of them came back to us with attractive offers."

C.W. Downer's transaction team included Mr. Rountree (Paris) and Philip Smith (Managing Director, Dublin). C.W. Downer served as co-advisor to Kleerex with NCB, an Irish boutique firm.

About C.W. Downer & Co.
C.W. Downer & Co. is an independent, global investment bank offering middle-market clients a high level of personal attention coupled with 35 years of international execution experience. We provide insight, not just information. We generate value, not just transactions. With seven fully integrated offices on four continents, we consistently identify the most appropriate strategic buyer and uncover "hidden" acquisition targets. C.W. Downer & Co. delivers the reach of a bulge-bracket investment bank with the senior level focus of a boutique. For more information, visit http://www.cwdowner.com.

Contacts:
Ashley Rountree, Managing Director & Partner
arountree@cwdowner.com
+33 1 48 00 27 00

Patti Allan, Marketing Director
pallan@cwdowner.com
C.W. Downer & Co.
+1 617 482 6200

For more information on this press release visit: http://www.releasewire.com/press-releases/release-3.htm

Boston, MA -- (SBWIRE) -- 04/08/2011 -- C.W. Downer & Co. is pleased to announce that Tananger, Norway-based Norse Cutting & Abandonment AS (NCA) has agreed to be sold to Oceaneering International, Inc., for approximately $60 million. NCA was owned by Cubera Private Equity, Energy Ventures and the founders and management of NCA. The transaction closed on March 31, 2011.

NCA is an oilfield technology company specializing in testing, commissioning, inspection, repair, maintenance, abandonment and decommissioning services for offshore and oil and gas production platforms and subsea wellheads. Houston, Texas-based Oceaneering is a global oilfield provider of engineered services and products primarily to the offshore oil and gas industry, with a focus on deepwater applications.

T. Jay Collins, Oceaneering President & CEO, stated in a company press release, "This acquisition is consistent with our strategy to expand our subsea business. It will increase our subsea tooling product line and enable us to provide some tooling as a service line, as we do with our installation, workover, and control systems. It will also enhance our ability to participate as a subcontractor in the plug, abandonment, and decommissioning market both in the North Sea and in the GOM."

"We are pleased to have assisted in achieving a successful outcome for the shareholders of NCA. This transaction is another example of our dedication to serving the Norwegian market and marks the second Norwegian oil and gas services transaction we have completed in the last four months," remarked Michael Howell, Managing Director & Partner at C.W. Downer & Co (Boston) who co-managed the transaction with Frank Merkel, Managing Director & Partner (Frankfurt). The transaction team also included Michaela Wieser, Associate (Frankfurt), Jochen Koehler, Associate (Frankfurt) and Stefan Meier, Analyst (Frankfurt).

About C.W. Downer & Co.
C.W. Downer & Co. is an independent, global investment bank offering its clients a high level of personal attention coupled with 35 years of international execution experience. With seven fully integrated offices on four continents, we consistently identify the most appropriate buyers worldwide and uncover "hidden" acquisition targets. C.W. Downer & Co. combines the global reach of a bulge-bracket investment bank with the personal touch of a boutique. For further information, visit www.cwdowner.com

For more information on this press release visit: http://www.releasewire.com/press-releases/release-3.htm

Boston, MA -- (SBWIRE) -- 04/08/2011 -- C.W. Downer & Co., a leading global middle-market investment bank, is pleased to announce that Groupe Rasec of France has acquired JEB Asia. Groupe Rasec is an international company specializing in development, manufacturing, distribution and installation of office & retail equipment, store fixtures and fittings. The transaction closed on March 2, 2011, and the deal value was not disclosed.

JEB Asia is one of the leaders in the design and installation of high quality removable office partition systems for the Asian market. Groupe Rasec has acquired 80% of The Jeb Group's operations in China, Singapore, Thailand, Malaysia as well as other business activities located in Asia and the Middle East (JEB Asia). The acquisition of JEB Asia allows Groupe Rasec to further internationalize its office division and provides an excellent strategic fit with entry into the booming Asian office equipment market. "We were pleased to marry up Rasec with a good business and a strong team," reported Ashley Rountree, Managing Director & Partner of C.W. Downer & Co.

The JEB Asia business will also create an opportunity for Groupe Rasec to extend its retail equipment business in Asia. "Now Rasec has a platform from which it can develop its businesses in China and elsewhere in the region," said Emmanuel Wydooghe, Managing Director with C.W. Downer & Co. in Paris.

The acquisition is in line with Groupe Rasec's strategy to become a leading global solutions provider in the retail services and office equipment market with an increasing presence in emerging regions such as the Far East.
C.W. Downer's transaction team included Mr. Rountree (Managing Director & Partner, Paris), Mr. Wydooghe (Managing Director, Paris), Michael Meagher (Chief Representative, Shanghai) and Nicolas Vienot (Associate, Paris).

About C.W. Downer & Co.
C.W. Downer & Co. is an independent, global investment bank offering middle-market clients a high level of personal attention coupled with 35 years of international execution experience. We provide insight, not just information. We generate value, not just transactions. With seven fully integrated offices on four continents, we consistently identify the most appropriate strategic buyer and uncover "hidden" acquisition targets. C.W. Downer & Co. delivers the reach of a bulge-bracket investment bank with the senior level focus of a boutique. For more information, visit http://www.cwdowner.com.

For more information on this press release visit: http://www.releasewire.com/press-releases/release-3.htm

Boston, MA -- (SBWIRE) -- 02/17/2011 -- C.W. Downer & Co., a leading global middle-market investment bank, is pleased to announce that Plantation Products, Inc., has been sold to RFE Investment Partners. The deal closed on December 17, 2010 and the terms of the transaction were not disclosed. RFE partnered with Weatherly Group on the transaction.

Based in Norton, MA, Plantation Products is a leading supplier and merchandiser of flower & vegetable seed packets, wildflowers, and related seed starting products. Joseph Raffaele established Plantation Products in 1980 and expanded the company through the development of new products and selected acquisitions. The company currently lists over 700 seed varieties in its product line which are sold through leading national lawn and garden centers, home improvement chains, discount retailers, grocery stores and mass retailers.

"We are very pleased to have assisted Joe Raffaele with this transaction," said Paul Colone, Managing Director with C.W. Downer & Co. "Joe built Plantation Products into a highly successful business and this new partnership with RFE and Weatherly Group provides a fitting reward for his life's work," Colone continued. "The new investors have a successful track record in the lawn & garden industry that should bring value to Plantation Products. I wish them all continued success in the future."

Webster Bank provided debt financing and Triangle Capital Corporation provided debt & equity financing to support the transaction.

The C.W. Downer & Co. transaction team responsible for the divestiture includes Paul Colone (Managing Director & Partner, Boston) and David Waldstein (Associate, Boston). Choate Hall & Stewart LLP acted as legal advisor to Mr. Raffaele and Hodgson Russ LLP represented the buyers.

About C.W. Downer & Co.
C.W. Downer & Co. is an independent, global investment bank offering middle-market clients a high level of personal attention coupled with more than 30 years of international execution experience. We provide insight, not just information. We generate value, not just transactions. With seven fully integrated offices on four continents, we consistently identify the most appropriate strategic buyer and uncover "hidden" acquisition targets. C.W. Downer & Co. delivers the reach of a bulge-bracket investment bank with the senior level focus of a boutique. For more information, visit http://www.cwdowner.com.

About RFE Investment Partners
RFE, founded in 1979, is a private equity fund dedicated to pursuing management buyout and ownership transition opportunities with entity values of less than $100 million. RFE's investments are concentrated in the three broad industry sectors: niche manufacturing, business services and healthcare services. RFE's goal is to partner with market leading companies with an existing CEO that has the experience, drive and vision to more than double the size of the Company over our investment period.

About Triangle Capital Corporation
Triangle Capital Corporation is a publicly traded, internally managed business development company ("BDC") that provides customized financing solutions for lower middle market companies located throughout the United States.

About Webster Bank
Webster Financial Corporation is the holding company for Webster Bank, National Association. With $17.8 billion in assets, Webster provides business and consumer banking, mortgage, financial planning, trust and investment services through 181 banking offices, 497 ATMs, mobile banking, the Customer Care Center, and the Internet. Webster Bank owns the asset-based lending firm Webster Business Credit Corporation, and the equipment finance firm Webster Capital Finance, and provides health savings account, trustee and administrative services through HSA Bank, a division of Webster Bank. Member FDIC and equal housing lender. For more information about Webster, including past press releases and the latest annual report, visit Webster's website at http://www.websterbank.com.

For more information on this press release visit: http://www.releasewire.com/press-releases/release-3.htm

Boston, MA -- (SBWIRE) -- 01/13/2011 -- C.W. Downer & Co., a leading global middle-market investment bank, is pleased to announce that Brady Corporation (NYSE:BRC) has sold its Teklynx software business via a management buyout. The transaction closed on December 16, 2010, and the deal value was not disclosed.

Headquartered in Auch, France, Teklynx is a leading global developer of software solutions used in barcode label design, RFID, and product tracking. The company's primary products include Codesoft, Sentinel, Labelview and Labelmatrix software. Teklynx's worldwide management team has acquired the company with the support of IPO (CIC Group), Grand Sud Ouest Capital and Credit Agricole Pyrenees Gascogne Developpement (both of the Credit Agricole Group).

"The divestiture of Teklynx is in keeping with our long-term growth strategy to focus our energies and resources on growing our core businesses," said Brady Corporation President and CEO, Frank M. Jaehnert, in a company release. "We will continue to offer the Teklynx range of barcode software products to our customers."

"We were very pleased to work with Brady Corporation to realize this complex carve-out, involving assets and personnel in France, the USA, Germany, the UK, China, and Singapore," said Ashley Rountree, Managing Director & Partner with C.W. Downer & Co. "Teklynx and its entrepreneurial management team have a great opportunity, and Brady can focus on its core businesses."

C.W. Downer's transaction team included Mr. Rountree (Managing Director & Partner, Paris) and Nicolas Vienot (Associate, Paris).

About Brady Corporation
Brady Corporation is an international manufacturer and marketer of complete solutions that identify and protect premises, products and people. Its products help customers increase safety, security, productivity and performance and include high-performance labels and signs, safety devices, printing systems and software, and precision die-cut materials. Brady is headquartered in Milwaukee, Wisconsin and employs approximately 6,600 people at operations in the Americas, Europe and Asia-Pacific. Brady stock trades on the New York Stock Exchange under the symbol BRC. More information is available on the Internet at http://www.bradycorp.com .

About C.W. Downer & Co.
C.W. Downer & Co. is an independent, global investment bank offering middle-market clients a high level of personal attention coupled with more than 30 years of international execution experience. We provide insight, not just information. We generate value, not just transactions. With seven fully integrated offices on four continents, we consistently identify the most appropriate strategic buyer and uncover "hidden" acquisition targets. C.W. Downer & Co. delivers the reach of a bulge-bracket investment bank with the senior level focus of a boutique. For more information, visit http://www.cwdowner.com.

For more information on this press release visit: http://www.releasewire.com/press-releases/release-3.htm

Boston, MA -- (SBWIRE) -- 12/17/2010 -- C.W. Downer & Co., a leading global middle-market investment bank, is pleased to announce the completed sale of Technor Safe Ex AS to BARTEC GmbH. BARTEC is majority owned by the Swiss private equity firm, Capvis. The transaction closed on September 30, 2010, and the deal value was not disclosed.

Technor Safe Ex is a leading European manufacturer of explosion proof equipment and systems used in hazardous areas such as oil platforms and offshore drilling facilities. The company is based in Stavanger, Norway. Technor Safe Ex was a subsidiary of Technor Group which in turn is a portfolio company of HitecVision, a leading Norwegian Private Equity firm focused on oil & gas related transactions.

"Technor Safe Ex has a leading position in the North Sea and provides BARTEC with a unique opportunity to access one of the fastest growing segments of the market," said Frank Merkel, Managing Director and Partner with C.W. Downer & Co. "Technor Safe Ex's strong market position generated significant strategic interest among the main players in the Ex industry, which helped to complete the process in just three months."

Technor Safe Ex will operate as an independent subsidiary of BARTEC and will be called "BARTEC TECHNOR." The acquisition of Technor Safe Ex is in line with BARTEC's announced global growth strategy and follows the acquisition of UK-based Vodec Ltd., in 2009 and the recent establishment of sales units in Japan and Kazakhstan. Technor Safe Ex will provide BARTEC an area of further international expansion into Norway and Scandinavia.

C.W. Downer's transaction team included Frank Merkel (Managing Director & Partner, Frankfurt), Ulrich Mueller (Managing Director, Frankfurt), Michaela Wieser (Associate, Frankfurt), Jochen Koehler (Associate, Frankfurt) and Taso Skalkos (Associate, Boston).

About C.W. Downer & Co.
C.W. Downer & Co. is an independent, global investment bank offering its clients a high level of personal attention coupled with more than 30 years of international execution experience. With seven fully integrated offices on four continents, we consistently identify the most appropriate buyers worldwide and uncover "hidden" acquisition targets. C.W. Downer & Co. combines the global reach of a bulge-bracket investment bank with the personal touch of a boutique. For further information, visit http://www.cwdowner.com

For more information on this press release visit: http://www.releasewire.com/press-releases/release-3.htm

Second North American Acquisition for Convenience Food Division

Boston, MA -- (SBWIRE) -- 12/13/2010 -- C.W. Downer & Co., a leading middle-market cross-border investment bank, is pleased to announce that Greencore Group PLC has acquired On A Roll Sales, Inc.

The transaction closed on December 6, 2010 and the financial terms were not disclosed.

Greencore is a leading international manufacturer of convenience foods with 14 manufacturing sites and over 7,000 employees. Greencore provides a wide range of chilled, frozen and ambient foods to major retail, manufacturing and foodservice customers in the UK and Ireland as well as Continental Europe and the U.S. This is Greencore's second acquisition in the United States.

Founded in 1985, On A Roll Sales, Inc. manufactures fresh, hand-made sandwiches and food items. Products include sandwiches, wraps, salads, prepared meals and bagel sandwiches. The company's 100 employees hand package over 250,000 units weekly at its production facility in Brockton, MA.

The strategic acquisition of On A Roll supplements Greencore's current U.S. presence. Group Development Director Eoin Tonge said in a company statement, "On A Roll is a promising, growing business with a well-diversified customer base of major retailers and convenience stores. This acquisition will provide an additional revenue stream to Greencore USA's Food to Go category and will complement our existing businesses in Newburyport and Cincinnati." C.W. Downer & Co. also assisted Greencore with its 2008 acquisition of Home Made Brand Foods of Newburyport, MA.

"This acquisition is highly synergistic with Greencore's existing U.S. presence and is very consistent with its North American growth strategy." remarked Jeff Robards, Managing Director with C.W. Downer & Co. "Greencore continues to see a substantial U.S. market opportunity in chilled prepared foods such as sandwiches, entrees and deli salads. It has significant experience in the development and production of high quality, short shelf life convenience foods in the UK, and more recently in the U.S. This is a strong growth area for Greencore's retail customers as they look for ways to draw more consumers into their stores. Greencore's capabilities enable retailers to offer a point of differentiation and a chance to gain market share." said Mr. Robards.

"C.W. Downer excels at providing globally-oriented strategic advisory services," added Joseph Downing, Managing Director & Partner with C.W. Downer & Co. "Over the past four years we have assisted Greencore with its planned entry into the North American prepared foods market and we look forward to continuing the search for superior bolt-on acquisition candidates," concluded Mr. Downing.

The C.W. Downer & Co. team responsible for the Greencore Group acquisition includes Joseph Downing (Managing Director & Partner) and Jeffrey Robards (Managing Director) from the firm's Boston office as well as Philip Smith (Managing Director) from the firm's Dublin office.

About C.W. Downer & Co.
C.W. Downer & Co. is an independent, global investment bank offering middle-market clients a high level of personal attention coupled with more than 30 years of international execution experience. We provide insight, not just information. We generate value, not just transactions. With seven fully integrated offices on four continents, we consistently identify the most appropriate strategic buyer and uncover "hidden" acquisition targets. C.W. Downer & Co. delivers the reach of a bulge-bracket investment bank with the senior level focus of a boutique. For more information, visit http://www.cwdowner.com.

For more information on this press release visit: http://www.releasewire.com/press-releases/release-3.htm

Boston, MA -- (SBWIRE) -- 11/18/2010 -- C.W. Downer & Co., a leading global middle-market investment bank, is pleased to announce that the City of Nashua has signed a definitive merger agreement to acquire all the outstanding shares of Pennichuck Corporation (Nasdaq: PNNW) for a price of $29.00 per share, or approximately $138 million in cash. The city will also assume $60 million of the company's outstanding debt resulting in a total transaction value of nearly $200 million. If the transaction is approved, Nashua will acquire multiple businesses including Pennichuck Water Works, two other regulated utilities, a real-estate holding company and a water services company.

This agreement marks the end to an eight year legal battle in which the City of Nashua attempted to seize control of its water supply by eminent domain. In 2008, state regulators approved the taking of the Pennichuck Water Works assets for $243 million, including a $40 million mitigation fund, but the city deemed the price too high and the deal was not completed.

"We are particularly pleased that we helped Nashua and Pennichuck find a negotiated solution to their eminent domain dispute," said Wade Aust, Managing Director & Partner of C.W. Downer & Co. "This agreement is a win for all parties. Nashua will gain control of key water assets at substantial savings, and Pennichuck shareholders will benefit from much better tax treatment than would have been possible under an eminent domain taking."

Nashua Mayor Donnalee Lozeau stated, "This acquisition is an investment in the future which will secure and protect our water supply and watershed resources for the long-term benefit of our citizens at reasonable cost. I am confident that this in the best interest of Nashua and surrounding communities, now and for generations to come."

"Advising the City of Nashua on the acquisition of a public company has been a unique experience," said Arthur Gottlieb, Managing Director & Partner of C.W. Downer & Co. "We have dealt with a number of issues, including New Hampshire's Right-To-Know law and Federal municipal bond arbitrage rules, that are simply not factors in most corporate transactions."

The C.W. Downer & Co. team responsible for the Pennichuck acquisition included Mr. Aust (Managing Director & Partner, Boston), Mr. Gottlieb (Managing Director & Partner, Boston), Ruta J. Laukien (Director, Boston) and Christopher Donegan (Vice President, Boston).

About C.W. Downer & Co.
C.W. Downer & Co. is an independent, global investment bank offering middle-market clients a high level of personal attention coupled with more than 30 years of international execution experience. We provide insight, not just information. We generate value, not just transactions. With seven fully integrated offices on four continents, we consistently identify the most appropriate strategic buyer and uncover "hidden" acquisition targets. C.W. Downer & Co. delivers the reach of a bulge-bracket investment bank with the senior level focus of a boutique. For more information, visit http://www.cwdowner.com.

For Further Information:

Wade Aust, Managing Director & Partner
waust@cwdowner.com

Arthur Gottlieb, Managing Director & Partner
agottlieb@cwdowner.com

Patti Allan, Marketing Director
pallan@cwdowner.com
C.W. Downer & Co.
+1 617 482 6200

For more information on this press release visit: http://www.releasewire.com/press-releases/release-3.htm

Boston, MA -- (SBWIRE) -- 10/26/2010 -- C.W. Downer & Co., a leading global middle-market investment bank, is pleased to announce that Mallet & Company, Inc. has been acquired by ICV Partners, a New York-based private investment firm focused on middle-market companies and family-owned businesses. Mallet & Company is the leading U.S. manufacturer of bakery release agents and the machinery for applying these agents. The deal closed on September 29, 2010. The financial terms of the transaction were not disclosed.

Based in Carnegie, PA, Mallet & Company specializes in oils, ingredients and customized equipment for the global baking and food processing industries. Mallet & Company's core products include release agents, trough greases, icing stabilizers, liquid shortenings and emulsifiers. The Company also produces processing equipment for the bakery sector, including pan oilers and greasers, batter deposition systems and band oven oilers. Robert Mallet—the current CEO and son of the Company's founder—will remain with the company.

"Mallet & Company enjoys a dominant position in its core markets and has generated profits in all 71 years of its history," said Joseph Downing, Managing Director & Partner with C.W. Downer & Co. "The Company's strong brand and reputation within the baking industry provides ICV with an excellent platform for the future development of its activities in this area," he continued. "We are pleased to have assisted Robert Mallet in his search for the best partner to further the growth of the company."

Willie E. Woods, president of ICV Partners said in a company statement, "This is a very exciting investment for ICV as it allows us to leverage expertise learned from our successful investment in Sterling Foods to help Mallet's future growth. We understand the challenges involved in selecting a partner for a family owned business and we want to thank Bob Mallet for the trust he has placed in our firm."

The C.W. Downer & Co. team responsible for the Mallet transaction included Mr. Downing (Managing Director & Partner, Boston), Jeffrey Robards (Managing Director, Boston) and Gregory Fanikos (Vice President, Boston).

About C.W. Downer & Co.
C.W. Downer & Co. is an independent, global investment bank offering middle-market
clients a high level of personal attention coupled with more than 30 years of international execution experience. We provide insight, not just information. We generate value, not just transactions. With eight fully integrated offices on four continents, we consistently identify the most appropriate strategic buyer and uncover "hidden" acquisition targets. C.W. Downer & Co. delivers the reach of a bulge-bracket investment bank with the senior level focus of a boutique. For more information, visit http://www.cwdowner.com.

For Further Information:
Joseph Downing, Managing Director & Partner
jdowning@cwdowner.com

For more information on this press release visit: http://www.releasewire.com/press-releases/release-3.htm

Boston, MA -- (SBWIRE) -- 05/26/2010 -- C.W. Downer & Co., a leading global middle-market investment bank, is pleased to announce that Kardex Group of Switzerland has acquired MLOG Logistics GmbH, a leading German materials handling company. The transaction closed on April 30, 2010.

MLOG is a leading German supplier of automated materials handling systems and stacker cranes. MLOG has over 40 years of experience as a system integrator for automated high-bay warehouses, specializing in green-field installations, warehouse refurbishment and after-sales service.

"The integration of MLOG is a major step toward achieving the Kardex Group's strategic goal of becoming a one stop shop supplier of automated storage solutions and materials handling systems of limited complexity," said Jos De Vuyst, Chief Executive Officer of Kardex Group, in a company statement. MLOG will be integrated under the name Kardex MLOG (Automated Warehouse and Materials Handling Systems), and will complement the two existing divisions: Kardex Remstar and Kardex Stow.

"MLOG's shareholders are delighted with the outcome of this transaction," said MLOG Chief Executive Officer Stefan Seidl. "We hired C.W. Downer & Co. to advise us on this transaction because of their insightful knowledge of the material handling industry and expansive relationships with acquirers. We are very pleased to have sold our business to Kardex as we consider them one of the premier companies in the material handling industry with a global footprint and infrastructure, which allow us to further accelerate the international development of MLOG."

With a dedicated team focused on covering the Material Handling industry, C.W. Downer & Co. has firmly established itself as the leading advisor to Material Handling companies across the globe. C.W. Downer's global transaction team included Frank Merkel (Managing Director, Frankfurt), Michael Howell (Managing Director, Boston) and Michaela Wieser (Associate, Frankfurt).

About C.W. Downer & Co.
C.W. Downer & Co. is an independent, global investment bank offering its clients a high level of personal attention coupled with more than 30 years of international execution experience. With offices in six countries and on four continents, we consistently identify the most appropriate buyers worldwide and uncover "hidden" acquisition targets. C.W. Downer & Co. combines the global reach of a bulge-bracket investment bank with the personal touch of a boutique. For further information, visit http://www.cwdowner.com.

For more information on this press release visit: http://www.releasewire.com/press-releases/release-3.htm

Award presented during 2010 InterGrowth in South Beach, FL

Boston, MA -- (SBWIRE) -- 05/06/2010 -- The Association for Corporate Growth (ACG), the premier professional organization focused on corporate growth, corporate development and mergers and acquisitions, has named Charles W. Downer recipient of ACG's highest award, the Lifetime Achievement Award. Mr. Downer was honored at a dinner on May 5, 2010 during ACG InterGrowth at the Fontainebleau Hotel in South Beach, Miami, FL.

Mr. Downer is the founder of C.W. Downer & Co.—a leading middle-market cross-border investment bank based in Boston with offices in Paris, Frankfurt, Dublin, Shanghai and Sydney—and has spent his entire professional career in the field of corporate development.

"The award is given infrequently and is given only to those who have distinguished themselves in their professional lives, in community service and in service to ACG," said Gary A. LaBranche, ACG President & CEO. "The ACG leadership unanimously agrees that Charlie's record of achievement and service to ACG is without peer on every level. His pioneering efforts have helped to make our field what it is today, and he is legendary for both his integrity and professionalism. Role models like Mr. Downer are important to our field and are as cherished as they are rare," he concluded.

"For those of us who have had the privilege of working with Charlie, this honor comes as no surprise," said Arthur Gottlieb, Managing Director of C.W. Downer. "His integrity and professionalism have inspired all of us and many of us owe our careers to his leadership. We congratulate Charlie on his legendary career and thank him for founding the firm that we all call home today."

Mr. Downer was among the first to recognize the existence of a significant market for specialized investment banking services in the field of international mergers and acquisitions. Having spent nearly forty-five years providing such services to a wide variety of corporate clients, he ranks as one of the most experienced international corporate development professionals anywhere.

Middle-Market Pioneer
In 1966, when Mr. Downer founded a buy-side firm right out of the Harvard Business School, bulge-bracket firms handled large acquisitions for major clients but had no interest in smaller deals. Internal corporate development officers looked after the medium-sized purchases. Few third parties offered middle-market services to large companies, but Charles Downer saw the need and filled this gap.

Trailblazer in Cross-Border Transactions
Mr. Downer recognized the value of expanding international mid-market deal-making to large corporate clients. Schooled in Switzerland, and fluent in French, Mr. Downer was one of the first to realize that regulatory and cultural challenges in cross-border transactions—particularly true in a pre-EU Europe—offered opportunities to assist businesses on both sides of the Atlantic. C.W. Downer & Co. has had an office in Paris since 1980.

Charles Downer was also an early activist as opportunities opened up in the Pacific Rim. Placing an office in Sydney, Australia, not only gave entry into the abundant M&A opportunities in Australia and New Zealand, but also provided a foothold for deal-making across Asia prior to the establishment of C.W. Downer & Co's Shanghai office in early 2008.

Mr. Downer dealt extensively with medium-sized European and American companies on behalf of large international corporations, which has led to a particularly detailed knowledge of the problems, opportunities, and needs of the owners and managers of such companies.

Process Innovator
In 1966, when Dun & Bradstreet introduced "Dun's Market Identifiers"—IBM computer punched-hole cards—as a way for sales teams to identify possible customers, Mr. Downer and his partners saw a perfect way to easily sift for potential acquisition targets. By the late 1960s, their firm was the nation's largest customer of D&B's IBM punched cards. The process of searching and screening for potential acquisitions had been automated.

Charles Downer also pioneered the concept of retainer fees for providing middle-market M&A services. At that time, investment banks worked almost purely on speculation, but his argument was that a retainer would serve clients best by removing the pressure to make recommendations influenced by a financial outcome from a transaction. Soon his new contract language was being copied nationwide.

Industry Champion
Mr. Downer served as President of the Association for Corporate Growth International in 2003. He spearheaded a global branding initiative that elevated the standing of ACG with business leaders and media alike. He championed global ACG outreach and established new chapters in Europe, Mexico, and the Far East. And his push for better and stronger mechanisms for connecting ACG members strengthened the organization and bolstered the economic role of dealmakers everywhere

Mr. Downer holds a bachelor's degree in Economics from Harvard College and an M.B.A. from the Harvard Business School. He is a Director of the Boston Fulbright Scholarship Committee and a former Trustee of the Joslin Diabetes Center. He is also a former Director of the Boston Big Brother Association, a former member of the Harvard University Art Museums' Board of Overseers Visiting Committee, and a former member of the Young Presidents Organization.

About ACG
Founded in 1954, the Association for Corporate Growth (ACG) is the leading global association for professionals involved in corporate growth, corporate development, and mergers and acquisitions. Today ACG stands at nearly 13,000 members from corporations, private equity, finance, and professional service firms representing Fortune 500, Fortune 1000, FTSE 100, and mid-market companies in 53 chapters in North America and Europe. For more information about ACG or the ACG InterGrowth conference, please visit: www.acg.org .

About C.W. Downer & Co.
C.W. Downer & Co. is an independent, global investment bank offering middle-market clients a high level of personal attention coupled with more than 30 years of international execution experience. We provide insight, not just information. We generate value, not just transactions. With offices in six countries and on four continents, we consistently identify the most appropriate strategic buyer and uncover "hidden" acquisition targets. C.W. Downer & Co. delivers the reach of a bulge-bracket investment bank with the senior level focus of a boutique. For more information, visit http://www.cwdowner.com.

For Further Information:
Patti Allan, Marketing Director
pallan@cwdowner.com
C.W. Downer & Co.
+1 617 482 6200

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