Avedon Capital Partners successfully exits GRW Bearing GmbH to US listed strategic buyer

Düsseldorf, 9 November 2015 – Avedon and Management today announced the sale of German high precision miniature ball bearing company GRW Bearing GmbH (GRW) to US-based Kaman Corporation (NYSE:KAMN), with expected closing end of November. Both Management and Shareholders are pleased with this transaction which confirms the value creation strategy that Management and Shareholders pursued over the investment period. Please refer to the official press release for further details: English Press Release / German translation / Dutch translation.