SOURCE: FIMALAC

July 29, 2005 04:15 ET

Fimalac Press Release

PARIS -- (MARKET WIRE) -- July 29, 2005 -- Fimalac has received, through Facom Tools, a firm and irrevocable offer from SG Capital Europe, a private equity fund, for the acquisition of Beissbarth, Fimalac's garage equipment subsidiary.

The offer is based on an enterprise value of E38 million. It does not include the Zippo vehicle hoist business, which is the subject of separate negotiations with other potential buyers. SG Capital Europe has been granted a period of exclusivity while the offer is being reviewed. The proposed transaction will be presented to employee representatives and will be subject to German competition law clearance. In principle, the transaction should be completed before the end of the year.

In 2004, Beissbarth reported sales of E154.5 million, including E12.8 million from the Zippo vehicle hoist business.

SG Capital Europe is a private equity fund with assets of some $500 million, invested mainly in continental Europe.

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