Blue Wolf Capital Invests in TGW

Blue Wolf Acquires Majority Stake in Leading International Knife
Manufacturer with Over 100 Years of Experience

NEW YORK–(BUSINESS WIRE)–Blue Wolf Capital Partners LLC (ÔÇ£Blue WolfÔÇØ), the New York-based private
equity firm, today announced that an affiliate of Blue Wolf Capital Fund
IV, L.P. has acquired a majority stake in TGW (Holdings) Limited
(ÔÇ£TGWÔÇØ), a leading international industrial knife manufacturer.

TGW, which was founded in Sheffield, England in 1908, delivers expert
European craftsmanship to OEMs across industries and is
widely-recognized as a global leader within the knife manufacturing
field. In 1993, the company established TGW International to expand its
business to North American markets. In 2011 TGW opened its manufacturing
facility in Indore, India. Today, TGW employs 160 people globally and
has offices in Sheffield; Wilder, Kentucky; Chicago, Illinois; and India.

CEO and Chairman Richard Wolstenholme and President Jeff Litmer ÔÇô who
have both helped TGW grow into the successful international business
they are now ÔÇô will transition oversight to TGWÔÇÖs existing management
team, which is led by Steve Corbett in the U.K. and Tim White in the
United States.

ÔÇ£Few companies have accomplished more and created a stronger brand
within the industrial knives manufacturing space than TGW,ÔÇØ said Michael
Ranson, Partner at Blue Wolf. ÔÇ£We are thrilled to welcome TGW into
the Blue Wolf family and look forward to working with the team to build
on the companyÔÇÖs legacy and continue to grow the business.ÔÇØ

ÔÇ£TGW is excited to embark on this next chapter in our long, storied
history and think Blue Wolf will be a great partner in this,ÔÇØ said Steve
Corbett, COO of TGW. ÔÇ£We are fortunate enough to have many growth
opportunities in our future, and Blue Wolf shares our vision of
continuing to grow and evolve as a company. With this new partnership we
will continue investing in new products and providing excellent service
to our valued customers.ÔÇØ

ÔÇ£Through its exceptional leadership team and dedicated employees, TGW
has fostered a culture of knowledge leadership and superior quality,
along with a strong track record of results,ÔÇØ said Rick
Tattersfield, Operating Partner at Blue Wolf. ÔÇ£The team has
developed an extensive network of loyal customers and vendors, with
best-in-class manufacturing and customer experience, and we are
confident that even more success can be realized in the years to come.ÔÇØ

Blue WolfÔÇÖs acquisition of TGW is the third investment by Blue Wolf
Capital Fund IV, L.P., which began investing in January 2018.

About Blue Wolf Capital Partners

Blue Wolf Capital Partners LLC is a private equity firm that specializes
in control investments in middle market companies. Leading by
experience, and with a commitment to excellence, Blue Wolf transforms
companies strategically, operationally and collaboratively. Blue Wolf
manages challenging situations and complex relationships between
business, customers, employees, unions, and regulators to build value
for stakeholders. For additional information, please visit www.bluewolfcapital.com.

About TGW

TGW has built a quality and service tradition in the industrial machine
knife industry, with a legacy that has existed for over 100 years. We
boast a unique array of dedicated machines and manufacturing cells to
meet the consistent demand of our dynamic customersÔÇÖ needs with quick
turnaround. Our products are carefully crafted under strict quality
control using OEM specifications. Most of our knives are available in
stock, with high quality materials selected to prolong the life and
performance of the product. Our vast inventory allows for same-day
shipping on a large variety of standard knives and products. For
additional information please visit https://tgwglobal.com/.

Contacts

For Blue Wolf Capital Partners LLC
Jeff Holmes, 860-575-6870
[email protected]