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BDA Advises Terex on Sale of Its UK Compact Construction Equipment

Business to Groupe Mecalac

New York, NY, December 21, 2016 --( BDA Partners ("BDA") is pleased to announce that its
client, Terex Corporation, a leading global manufacturer of lifting and material processing products and
services, has agreed to sell the assets of its business in Coventry, United Kingdom, to Groupe Mecalac, a
French manufacturer of urban construction equipment. The Coventry business manufactures and sells
backhoe loaders, site dumpers, and compaction rollers. BDA acted as exclusive financial advisor to
The transaction follows the divestiture of Terex's German compact construction equipment business to
Yanmar, a leading Japanese manufacturer of diesel engines. BDA also advised Terex on that transaction.
These divestitures are driven by Terex's strategy to focus its portfolio on those product categories where
Terex has a significant presence in the market and that can provide the greatest returns for its
The sale, which is subject to customary closing conditions, is targeted to close in the first half of 2017.
Gregg Horne, General Manager of the Coventry business, said, "We are pleased and excited about the
opportunity to join the Mecalac family. They embrace our vision of market growth and product
innovation for the Coventry products, and they share the same values in terms of quality and team
John Garrison, Terex President and Chief Executive Officer, said, "We are pleased to enter into this
agreement with Mecalac as they are a logical strategic buyer and have the resources and capability to
further grow the business."
Henri Marchetta, Mecalac Chief Executive Officer, said, "This acquisition follows our growth strategy,
based on excellence, on the broadening of our range of equipment for urban construction sites, and on
international distribution deployment."
Euan Rellie, BDA Co-Founder, said, "We're proud to have advised on a second transaction for Terex this
year. BDA helps its clients to find, engage, and transact with the optimal counterparties, wherever they
may sit in the world. Mecalac is an excellent strategic buyer, offering a complementary product range and
resources to grow the business across Europe and globally."
BDA Deal Team
Euan Rellie, Senior Managing Director, New York
Jonathan Aiken, Director, London
Jakub Widzyk, Associate, London
David Kim, Analyst, New York
About Terex
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Terex Corporation is a global manufacturer of lifting and material processing products and services that
deliver lifecycle solutions to maximize customer return on investment. The Company reports in three
business segments: Aerial Work Platforms, Cranes, and Materials Processing. Terex delivers lifecycle
solutions to a broad range of industries, including the construction, infrastructure, manufacturing,
shipping, transportation, refining, energy, utility, quarrying and mining industries. Terex offers financial
products and services to assist in the acquisition of Terex equipment through Terex Financial Services.
Terex uses its website ( and its Facebook page (
to make information available to its investors and the market.
About Groupe Mecalac
Mecalac designs, manufactures, and distributes urban construction equipment and services. Its products
include multi-purpose wheeled machines, multi-purpose crawlers/wheeled urban excavators, versatile
excavators, wheeled loaders, and technical assistance, spare parts, training services, and accessories for
excavators and loaders. Mecalac's products are used in various applications, including road works, pipe
laying, countryside management, building, local councils, cable laying, sewerage systems, military,
industrial, road-rail, recycling, and tunnels.
About BDA
BDA Partners is a leader in cross-border investment banking involving Asia. BDA advises on M&A,
capital raising, and restructuring. BDA has been consistently owned and managed by the same team since
1996. BDA has a track record of providing independent advice to blue-chip corporate and financial
sponsor clients from North America, Europe, and Asia. BDA is headquartered in New York with offices
in London, Dubai, Mumbai, Ho Chi Minh City, Singapore, Hong Kong, Shanghai, Seoul, and Tokyo.
BDA was named M&A Advisory Firm of the Year at The ACG Champions Awards in 2015. BDA
formed a partnership with William Blair & Company in 2011.
BDA carries out its US securities business through BDA Advisors Inc, a broker-dealer registered with the
US Securities and Exchange Commission (SEC) and a member of FINRA and SIPC. BDA's UK
subsidiary is authorised and regulated by the Financial Conduct Authority. BDA's HK subsidiary is
licensed and regulated by the Securities & Futures Commission.

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Contact Information:
BDA Partners
Euan Rellie
Contact via Email

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