International Mining and Machinery Begins Trading on Hong Kong Exchange; Raised $327.4 Million in IPO

NEW YORK, NY – February 18, 2010 – The Jordan Company, L.P., a leading middle-market private equity firm, announced that its portfolio company, International Mining Machinery Holdings (“IMM”), a Chinese maker of coal-mining equipment, began trading on the Hong Kong Stock Exchange on February 10, 2010 under the stock symbol SEHK:1683. The Resolute Fund, L.P., a fund managed by The Jordan Company, made the initial IMM investment in May 2006.

On February 3, 2010, IMM priced a 520 million share public stock offering at HK$4.88 per share. The issuance raised gross proceeds of $327.4. The proceeds will be used to redeem preferred shares and other pre-IPO obligations and the remaining proceeds will be used by IMM to fund working capital, business expansion and future acquisitions.

In May 2006, The Resolute Fund, L.P., formed IMM to acquire 100% of Jixi Coal Mining Machinery Co. Ltd., and Jiamusi Coal Mining Machinery Co., Ltd. Jixi is the leading manufacturer of shearers in China and Jiamusi is the leading manufacturer of roadheaders in China.

Since the initial acquisition, IMM has completed five add-on acquisitions and joint ventures. In January 2007, IMM acquired 100% of the operating assets of Harbin Meilong Electrical Control Ltd. In June 2007, IMM established a joint venture with Huainan Long Wall Coal Mining Machinery Co., Ltd. to manufacture armored face conveyors. IMM also established three repair center joint ventures: Xinjiang Coal Mine Machinery Company Ltd. (located in Urmuqi, Zinjiang Uyghur Autonomous Region), Tianlong Coal Mining Machinery Repairing Co. (located in Erdos, Inner Mongolia Autonomous Region), and Huainan Shunli Coal Mining Equipment Overhaul Co. (located in Huainan City, Anhui Province).

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About The Jordan Company
The Jordan Company (www.thejordancompany.com), founded in 1982, is a leading middle-market private equity firm with over $5 billion of assets under management and a successful track record of investing in and growing businesses across a wide range of industries. The firm’s partners have been investing together for more than two decades, establishing The Jordan Company as one of the most experienced and stable investment teams in private equity. The investment team is supported by the firm’s Operations Management Group, which initiates and supports operational improvements in portfolio companies. The firm generates deal flow through a well-developed network of sourcing relationships. Headquartered in New York, The Jordan Company also has offices in Chicago and Shanghai.

Contact:
Alex Stanton
Stanton Public Relations & Marketing
(212) 780-0701
astanton@StantonPRM.com

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