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FROM: Weil, Gotshal & Manges LLP www.weil.com Contact: Adam Isserlis…

FROM: Weil, Gotshal & Manges LLP
www.weil.com

Contact: Adam Isserlis
Rubenstein Associates 212.843.9373
__________________________________________________________________

FOR IMMEDIATE RELEASE

WEIL, GOTSHAL & MANGES LLP ADVISED GENSTAR CAPITAL IN
ITS ACQUISITION OF COLFAX POWER TRANSMISSION GROUP

SAN FRANCISCO – December 6, 2004 -Weil, Gotshal & Manges LLP, one of the world’s leading law firms, advised Genstar Capital, L.P. in its acquisition of Colfax Power Transmission Group from Colfax Corporation.

Concurrent with this transaction, Colfax PT has merged with another recently acquired Genstar Portfolio Company, Kilian Manufacturing Corporation, to form a new entity, Altra Industrial Motion, Inc. Genstar acquired Kilian Manufacturing in October 2004.

Genstar acquired Colfax PT and Kilian Manufacturing for a total purchase price of approximately $200 million before fees and expenses. To finance the acquisition, Altra Industrial Motion issued $165 million in senior secured notes led by Jefferies & Company. The remainder of the purchase price was financed with equity provided by Genstar, its affiliates, Caisse de d­épôt et placement du Qu­ébec, and the Altra management team. Altra Industrial Motion also entered into an undrawn senior revolving credit facility provided by Wells Fargo Foothill.

“The timing and complexity of the deal required a coordinated team effort involving private equity, capital markets, tax and environmental capabilities from a number of our offices, both in the United States and internationally,” said Craig Adas, the lead partner in Weil Gotshal’s private equity department who led the Weil Gotshal team in advising Genstar on the deal. “We are pleased to have been able to assist Genstar in acquiring this interesting business platform.”

Weil, Gotshal & Manges LLP is an international law firm of more than 1,200 attorneys, including approximately 300 partners. Weil Gotshal is headquartered in New York, with offices in Austin, Boston, Brussels, Budapest, Dallas, Frankfurt, Houston, London, Miami, Munich, Paris, Prague, Shanghai, Silicon Valley, Singapore, Warsaw, Wilmington and Washington, D.C.

Weil, Gotshal & Manges LLP’s Team

Partners: Craig Adas, Annemargaret Connolly, Angela Fontana, Andrew Gaines,
Helyn Goldstein, Curtis Mo

Counsel: John Sipple

Associates: Jonathan Blum, Peter Buckland, Elizabeth Chen, Matthew Elkin, Ryan Gallagher, Anna Grant, Sacha Jamal, Christine Lee, Chayim Neubort
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British MP George Galloway and his opponent the Daily Telegraph will leave no stone unturned to sort out what could be a spectacular libel case.