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Knox & Co. Advises Drake Beam Morin – Japan, Inc. on Sale of Its U.S. Subsidiary


PRESS RELEASE
FOR IMMEDIATE RELEASE

Westport, CT, August 28, 2006 – Knox & Co., a leading investment bank for middle-market and cross-border mergers and acquisitions announced today that it acted as exclusive financial advisor alongside Mitsubishi UFJ Securities Co., Ltd., to Meitec Corporation and its Japanese subsidiary Drake Beam Morin for its recent divestiture of 100% of the stock in Boston-based Novations Group, Inc. (“Novations”). Terms were not disclosed.

Novations is a human capital training and consulting firm providing solutions to increase the capacity of individuals and organizations. Among the professional services offered by Novations are coaching and mentoring, diversity and inclusion, negotiation and collaboration and leadership-development training. Management of Novations participated in the acquisition alongside a private equity sponsor.

Knox & Co. announced that this transaction was the third and final step in the sale of Novations. In January 2006, Meitec Corporation announced the sale of the assets of Novations VMS and FLA Divisions. With this sale, the entire company has now been divested.

Frederick A. Rossetti, Managing Director with Knox & Co. was lead banker on the transaction. He was assisted by Iichiro Takahashi and Mark S. Campbell both Vice Presidents with Knox Tadashi Todate and Morito Emi, both Senior Managers, Cross Border M&A, Mitsubishi UFJ Securities Co., Ltd.

Knox & Co. is an investment banking, consultancy and advisory firm specializing in two complementary advisory disciplines: Investment Banking and Corporate Reorganization. The firm undertakes assignments throughout North America and, when necessary, abroad. Knox & Co. conducts its securities-related business through its wholly owned subsidiary, Knox Securities Corp., member NASD. In addition, the firm enjoys a strategic alliance with Mitsubishi UFJ Securities Co., Ltd.

Knox & Co. (www.knoxandco.com) has advised on more than 150 middle-market merger and acquisition and financial advisory assignments since its inception.

Contact:
Frederick A. Rossetti
203-226-6288 (x111)
frossetti@knoxcorp.com

 
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