Lincoln International Represents Goss International Corporation in Investment by Shanghai Electric (Group) Corporation
CHICAGO, JUNE 12, 2009 – Lincoln International, a global mid-market investment bank, today announced that China-based Shanghai Electric (Group) Corporation (“SEC”) and the shareholders of Goss International Corporation (“Goss International”), including majority shareholder MatlinPatterson Global Opportunities Partners, have reached an agreement for SEC to become the second largest shareholder of Goss International by acquiring newly-issued shares of preferred stock.
Lincoln International is acting as the exclusive financial advisor to Goss International in connection with the transaction. This transaction is currently under governmental review for final approval and is subject to other customary conditions prior to closing. Terms of the transaction have not been disclosed.
About Goss International Corporation
Goss International is the world’s leading web offset printing press manufacturer providing an end-to-end array of printing press and auxiliary equipment solutions to commercial printers and news organizations throughout the world. Goss International supplies web offset presses and finishing systems for newspaper, magazine, catalog, direct mail and other printing applications. Goss International generated more than $3.3 billion in sales in the three-year period from 2006 to 2008. For more information on Goss International, visit its website at www.gossinternational.com. About Shanghai
Electric (Group) Corporation
Shanghai Electric (Group) Corporation is one of the largest equipment manufacturing groups in China and controls a number of domestic and overseas listed companies, including Shanghai Electric Group Company Limited, Shanghai Mechanical and Electrical Industry Company Limited, Shanghai Highly (Group) Company Limited, Shanghai Automation Instrumentation Company Limited and Shanghai Prime Machinery Company Limited. Through its listed subsidiaries, SEC operates in the industries of power generation and transmission, mechanical and electronic systems, heavy machine tools, transportation equipment, environmental protection equipment, automatic instrumentation, and refrigerating compressors among many others. For more information on the company, visit SEC’s website at www.shanghai-electric.com.
About Lincoln International
Lincoln International specializes in merger and acquisition services, debt advisory services, UK pension advisory services and providing fairness opinions and valuations for leading organizations involved in mid-market transactions. With offices in Chicago, Frankfurt, London, Los Angeles, Madrid, New York, Paris, Tokyo and Vienna, and strategic partnerships with China Everbright in China and ICICI Securities, Inc. in India, Lincoln International has strong local knowledge and contacts in the key global economies. The organization provides clients with senior-level attention, in-depth industry expertise and integrated resources. By being focused and independent, Lincoln International serves its clients without conflicts of interest. More information about Lincoln International can be obtained at www.lincolninternational.com.
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