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C.W. Downer & Co. Advises Oaktree on the Sale of the Evac Group to IK VII Fund

BOSTON, November 10, 2014 – C.W. Downer & Co., a leading global middle-market investment bank, is pleased to announce that Evac Group, the global leader in vacuum waste collection and related wastewater treatment systems for the Marine, Offshore and Building segments, has been sold to the European private equity group IK Investment Partners. The value was not disclosed.

Based in Espoo, Finland, Evac is the leading provider of advanced vacuum toilets, wastewater collection and treatment units, dry & wet waste systems and fresh water generation systems for cruise ships, naval vessels, ferries, freighters and other ocean-going and river vessels, as well as for offshore oil & gas facilities and specialized land-based applications of the vacuum technology. With additional locations in the US, Germany, France, Norway, China and Korea, Evac is uniquely able to supply the full spectrum of onboard environmental systems for ships and offshore facilities.

Baptiste Vaissié, Senior Vice President for the seller, Oaktree Capital, expressed gratitude for “C.W. Downer’s extensive support to the management team” and highlighted the key role of “C.W. Downer’s strong knowledge of the sector and their ability to customize a process, which maintained competitive tension and delivered a successful transaction on a demanding timeline.” 

“Investors are looking for exposure to critical environmental technologies such as water treatment, therefore we were confident that a business with leading technologies and market positions and a strong management such as Evac would generate significant interest,” commented Frank Merkel, Managing Director at C.W. Downer & Co.

"We very much appreciated the process guidance and extensive hands-on support provided by the whole C.W. Downer team," remarked Tomi Gardemeister, CEO of Evac Group.

The C.W. Downer & Co. team assisting Oaktree with the sale included Frank Merkel (Managing Director & Partner), Mike Howell (Managing Director & Partner), Ray Morin (Director), Michaela Pfeifenberger (Vice President), Stefan Meier (Associate), Camille Frank (Analyst) and Nils Brils (Analyst).

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 40 years of international execution experience. We provide insight, not just information. We generate value, not just transactions. With nine 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.

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