Lane Berry Advises Capo Industries, Inc. on its Sale to Senior plc

Business Wire, Dec 20, 2007

BOSTON -- Lane, Berry & Co. International, LLC announced today that it served as exclusive financial adviser to Capo Industries, Inc. with respect to its $85 million sale to Senior plc. The agreement also includes $5 million of additional consideration payable in 2009 contingent upon 2008 results. Capo is a leading manufacturer of highly engineered, complex superalloy components primarily for the aeroengine market. Among the Company's largest customers are Honeywell and Hamilton Sundstrand.

Dave Feltch, CEO of Capo Industries, said "We are delighted with Senior's acquisition of Capo. Senior brings not only significant financial resources but also invaluable experience and relationships with other aerospace OEMs and suppliers. We look forward to working together as we continue to build on Capo's well-established market position. Throughout our sale process, Lane Berry served as our trusted advisor and was instrumental in assisting Capo's senior management team with hands-on, senior level attention. I am pleased with this great outcome."

Bob Lockwood, Managing Director at Lane Berry, said "Capo Industries is a premier provider of aeroengine components and we are gratified that Dave Feltch and the Capo Industries management team entrusted Lane Berry with such an important transaction. The quality of Capo's business was validated by the strength of the sale process and the ultimate transaction outcome."

Fred Lane, CEO of Lane Berry, said "We are delighted to have had the opportunity to work with Capo Industries and its strong management team on its sale to Senior. This transaction demonstrates the continued success of Lane Berry's Aerospace investment banking group, who leveraged their extensive industry knowledge and M&A expertise and provided hands-on execution to achieve a superior outcome for all parties."

About Capo Industries

Capo Industries, based in Chino, California, is a leading provider of flight-critical components for propulsion and auxiliary power unit ("APU") aeroengines for established, growing aircraft programs, such as the Boeing 737, Boeing 777, Boeing 787, Airbus A320, Airbus A380, Lockheed Martin's Joint Strike Fighter and an array of business jets, including General Dynamics' Gulfstream, Bombardier's Challenger and Dassault's Falcon jets. The Company focuses on complex, high value-added components including intermediate cases, engine yoke assemblies, diffusers, turbine nozzles, combustor cases, compressor shrouds, low pressure turbine cases, bearing housings, turbine shafts and nozzle guide vanes. These components are typically made of premium metals, such as Titanium, Inconel, Waspaloy and Hastelloy, and are primarily utilized in the hot section of aeroengines. More information about Capo can be found at www.capoindustriesinc.com.

About Senior plc

Senior plc is an international manufacturing group with operations in 11 countries. The Company designs, produces and markets high technology components and systems for the principal original equipment manufacturers in the worldwide civil aerospace, defense, diesel engine, exhaust system and energy markets. Senior's aerospace division focuses on engine structures and mountings, fluid control systems, metallic high-pressure ducting and composite low-pressure ducting. More information about Senior can be found at www.seniorplc.com.

About Lane Berry

Lane, Berry & Co. International, LLC, with offices in Boston, New York and Denver, provides investment banking services to corporations, their Boards and Special Committees of Boards and shareholders on matters relating to mergers, acquisitions, divestitures, debt and equity financings, debt restructurings, recapitalizations and corporate governance issues. Lane Berry offers sophisticated, objective advice and transaction execution based upon the extensive experience of its senior investment bankers. More information regarding Lane Berry can be found at www.laneberry.com.