On March 22, 2011, H.I.G. Capital, LLC, a leading global private investment firm, acquired the Marine business from Teleflex Incorporated. Financing for such acquisition was made available by certain lenders pursuant to a Financing Agreement, among, inter alia, Marine Acquisition Corp., as American borrower, TM Canada Acquisition Corp., as Canadian borrower, Marine Acquisition Holdings, Inc. (the “Parent”) as parent, certain subsidiaries of the Parent as guarantors, the lenders party thereto, Wells Fargo Capital Finance, LLC, as administrative agent for such lenders and Ableco Finance LLC as collateral agent for such lenders in an amount of US$95,000,000.

The Parent and its subsidiaries were represented in Canada by Border Ladner Gervais LLP with a team that included Magnus Verbrugge, Ken Andersen, Sonia Mak and Tai Cheng.