Boston, MA -- (SBWIRE) -- 04/08/2011 -- 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.

JEB Asia is one of the leaders in the design and installation of high quality removable office partition systems for the Asian market. Groupe Rasec has acquired 80% of The Jeb Group's operations in China, Singapore, Thailand, Malaysia as well as other business activities located in Asia and the Middle East (JEB Asia). The acquisition of JEB Asia allows Groupe Rasec to further internationalize its office division and provides an excellent strategic fit with entry into the booming Asian office equipment market. “We were pleased to marry up Rasec with a good business and a strong team,” reported Ashley Rountree, Managing Director & Partner of C.W. Downer & Co.

The JEB Asia business will also create an opportunity for Groupe Rasec to extend its retail equipment business in Asia. “Now Rasec has a platform from which it can develop its businesses in China and elsewhere in the region,” said Emmanuel Wydooghe, Managing Director with C.W. Downer & Co. in Paris.

The acquisition is in line with Groupe Rasec's strategy to become a leading global solutions provider in the retail services and office equipment market with an increasing presence in emerging regions such as the Far East.
C.W. Downer's transaction team included Mr. Rountree (Managing Director & Partner, Paris), Mr. Wydooghe (Managing Director, Paris), Michael Meagher (Chief Representative, Shanghai) and Nicolas Vienot (Associate, Paris).

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 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.