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Cross-Border M&A TRANSACTIONS

Harris Williams & Co. has been highly successful at executing cross-border transactions. Approximately 50% of our transactions receive strong interest from international strategic buyers. Below are a few examples.

U.S.: Knürr AG, a German-based portfolio company of 3i Group plc, designs and produces a broad platform of rack systems and flexible, cost-effective platforms for the telecom industry. The company was sold to U.S. strategic buyer Emerson, the global leader in technology and engineering integration for €80 million (approximately $98 million).

U.K.: Named “Technology Deal of the Year” by Mass High Tech in the hardware category. Cushcraft Corporation is a leading provider of enhanced antenna solutions for wireless local area networks (WLAN), WiMAX, Wireless Internet Service Providers (WISPs), and RFID. The company was sold to U.K.-based Laird Technologies, a division of The Laird Group PLC, a leading global electronics and security systems company.

France: Power Measurement, Inc. (PMI), a portfolio company of GFI Energy Ventures, is the leading designer, manufacturer, and provider of enterprise energy management (EEM) systems. PMI was sold to French-based Schneider Electric, the world's leader in power and control, for $213 million.

Germany: Castle Rock Industries, Inc., a portfolio company of Heritage Partners, Inc., is one of the top three manufacturers of commercial and professional floor cleaning equipment and supplies in North America. The company was sold to German-based Alfred Kärcher GmbH & Co. KG.

Switzerland: Conrad Fafard, Inc., producer of packaged growing media, including peat moss and potting soils, was sold to Swiss-based Syngenta, a world-leading agribusiness, for $133.5 million.

Italy: Arrow Concrete Company is a producer of ready-mix concrete serving the commercial, residential, public works, and industrial construction sectors. The company was sold to Essroc Cement Corp., a member of the Italcementi Group, a world leader in cement production based in Italy.

Sweden: Cigars International, Inc. is a leading direct marketer of cigars and related products through a multi-channel platform including catalogs, websites, retail locations, and wholesale distribution. The company was sold to Swedish Match AB, a global group of companies based in Stockholm, Sweden.

Japan: Silver State Materials LLC is a leading provider of ready-mixed concrete and aggregates. The company was sold to California Portland Cement Company, a subsidiary of Taiheiyo Cement Co. in Japan.

Canada: The Eastern Canada Asphalt and Paving Operations of Paris-based Lafarge S.A. was sold to Coco Paving, Inc. based in Ontario, Canada. Harris Williams & Co. sold three business units for Lafarge in 2009.

Netherlands: Ukrop's Super Markets, Inc., a family-owned and operated grocery store chain located in central Virginia was sold to Giant-Carlisle, a division of Royal Ahold based in Amsterdam, The Netherlands.

Australia: ENTRIX, Inc. is one of the largest pure-play providers of environmental and natural resource consulting services in the U.S. The company was sold to Cardno Limited based in Australia

India: SAE Towers Holdings, LLC, is a leading manufacturer of transmission lattice towers, steel poles and related hardware serving the U.S., Canada, Mexico and Latin America. The company was sold to KEC International limited a RPG Group company based in Mumbai, India.