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.
C.W. Downer & Co. Assists The Korindo Group With Sale of Eupec