ReleaseWire Connect

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.

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.

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.

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.

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.

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.

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.

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.

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.

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.