Baird Capital Partners Asia: Invests in Beijing ADG Scaffolding Engineering Co.

BEIJING, September 24, 2010 – Baird Capital Partners Asia (BCPA), the China-focused growth equity investment group of Baird Private Equity, announced today it led a growth equity investment in Beijing ADG Scaffolding Engineering Co. (ADG). Schulze Global Investments served as a co-investor on the transaction.

BCPA provides growth equity capital to smaller, high-potential companies that have substantial operations and growth opportunities in China. Leveraging Baird’s global capabilities focused on the smaller end of the middle market, BCPA invests in companies domiciled both in and outside of China. Baird Private Equity has been building its operating expertise in China since 2003, and established BCPA in 2008 to capitalize on direct investment opportunities in the country.

“The investment in ADG allows us to take advantage of the growth in infrastructure spend and managed events in China,” said Huaming Gu, BCPA Partner. “ADG has developed a strong reputation in providing solutions on time and under budget for some of China’s high profile infrastructure projects. We look forward to supporting the company’s future growth.”

ADG is a Beijing-based manufacturer and provider of rental services for scaffolding equipment. ADG’s services span the entire scaffolding implementation process, including engineering design, assembly and disassembly. Applications for these services include infrastructure projects, new construction, building and industrial facility maintenance, and events. ADG’s blue-chip customer base is comprised of some of the largest construction companies in China. Some of its high-profile projects include the Beijing Airport, the 2008 Beijing Olympics and the 2010 Asian Games. ADG is a leader in the high-end scaffolding rental market in China, which has an estimated total market size of US$550 million, growing at twice China’s GDP growth rate annually.

“We are excited to have BCPA as a valuable partner as we continue to expand our operations and provide superior services to our customers,” said Zongwen Zhao, founder and CEO of ADG. “BCPA’s partnership approach, global relationships and operating resources make them an attractive investment partner for growth companies like ADG.”

As part of the transaction, Huaming Gu will join the ADG board of directors. Additionally, BCPA nominated industry veteran Jimmy Kuo as a board observer to work with ADG management on operational improvements.

BCPA now has two companies in its portfolio. In 2008, the fund invested in Frontage Laboratories, Inc., a leading U.S. – China Contract Research Organization (“CRO”) that provides research services to facilitate pharmaceutical discovery, development and commercialization for large and emerging pharmaceutical and biotechnology companies. Frontage has facilities in Pennsylvania (Malvern and Exton) and in China (Shanghai and Henan).

About Baird Capital Partners Asia

Baird Capital Partners Asia, the China-focused growth equity investment group of Baird Private Equity, provides growth equity capital to smaller, high-potential companies in China or with substantial operations and growth opportunities in China. Baird Capital Partners Asia leverages its in-depth sector knowledge, experienced investment team and extensive operating resources to drive value in its portfolio companies. Baird Capital Partners Asia invests in three industry sectors: manufacturing, business services and healthcare. For more information, please visit http://www.bairdcapitalpartnersasia.com.

About Baird Private Equity

Baird Private Equity, the global private equity group of Robert W. Baird & Co. (Baird), makes venture capital, growth equity and buyout investments in smaller, high potential companies in the United States through Baird Venture Partners and Baird Capital Partners, in China through Baird Capital Partners Asia, and in Europe through Baird Capital Partners Europe. Baird Private Equity has a global team of investment and operations professionals across the United States, Europe and Asia, including a team of operating professionals in Asia. Baird Private Equity and its affiliates have raised and managed over $2.7 billion in capital and invested in more than 240 companies since the 1980s. For more information, please visit http://www.bairdprivateequity.com.

For more information, contact:

Huaming Gu, Partner

Baird Capital Partners Asia

+86 21 6182 0988

Angela Pittman Taylor

Baird Public Relations

+1- 414-298-1902