KPMG Corporate Finance LLC Advises QSA Holdings Limited on Sale of Its U.S. Subsidiary to Illinois Tool Works Inc.

BALTIMORE--(BUSINESS WIRE)--KPMG Corporate Finance LLC, a full service, independent, middle-market investment bank, today announced that it was the advisor for QSA Holdings Limited on the sale of its U.S. subsidiary QSA Global Inc. (QSA) to Illinois Tool Works Inc., a $16.2 billion revenue diversified and value-added manufacturer of highly engineered components, industrial systems, and consumables. Headquartered in Burlington, Mass., QSA is the leading global provider of non-destructive testing systems under the widely-recognized SENTINEL™ brand name and of purpose-designed sealed and encapsulated radiation sources used in process control devices and analytical instrumentation including for oil well logging.

“This deal speaks to a broader trend in mid-market M&A where companies serving the oil and gas end-user markets, among others, are seeing strong demand for their products and services,” said Bruce Altman, managing director with KPMG Corporate Finance LLC. “It’s logical that larger corporations are seeking to strengthen their portfolios by investing in companies that will bolster existing operations, expand key growth areas, and enhance shareholder returns.”

KPMG Corporate Finance LLC assisted QSA Holdings Limited in seeking prospective parties who would continue to capitalize on the company’s established market-leading position, strong customer base, and significant growth opportunities. Throughout the sale process, KPMG Corporate Finance LLC developed significant buyer interest, coordinated management meetings and due diligence, and assisted QSA in successfully negotiating a sale to Illinois Tool Works Inc. The Glenview, Ill.-based company currently consists of approximately 825 business units in 52 countries and employs nearly 60,000 people.

QSA Holdings Limited is owned by CIP Industries LP Incorporated (CIPI), an investment holding company owned by funds advised by Coller Capital Limited, a leading global investor in private equity secondaries. CIPI had acquired QSA in late 2005 as part of a portfolio acquisition of non-core businesses from AEA Technologies.

About KPMG Corporate Finance LLC

KPMG Corporate Finance LLC provides a full suite of investment banking and advisory services to its domestic and international clients. Our professionals have the experience and depth of knowledge in global M&A and project finance to advise clients on mergers and acquisitions, sales and divestitures, buy-outs, financings, restructurings, fairness opinions, infrastructure project finance, and other advisory initiatives. In addition, we remain independent of financing sources, helping to ensure that our efforts are objective and aligned with the goals of KPMG’s firms’ clients. Operating in 51 countries, KPMG's Corporate Finance practice comprises more than 1,800 professionals who are able to meet the needs of KPMG's firms’ clients across the globe. In 2007, as a leading financial adviser, KPMG's Corporate Finance practice completed 450 deals totaling US$27.5 billion, according to Thomson Financial’s global M&A league tables. Visit us online at www.kpmgcorporatefinance.com

© 2008 KPMG Corporate Finance LLC, a U.S. limited liability company, is a member of FINRA and is registered as a broker dealer with the SEC. KPMG Corporate Finance LLC is a subsidiary of KPMG LLP, a UK limited liability partnership and the UK member firm of the KPMG network of independent member firms affiliated with KPMG International, a Swiss cooperative.