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 Crédit Agricole Pyrénées Gascogne Développement (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.
C.w. Downer & Co. Assists Brady Corporation With the Sale of Teklynx