Downer EDI is a major Australian publicly-listed engineering services
company providing outsourced services to the engineering, infrastructure,
mining, rail and telecommunication industries.
In 2003 it had annual revenues of over US$1 billion and operations
in Australia, South East Asia and the Pacific Rim. Other major shareholders
included Paul Y-ITC and Hutchison Whampoa both of Hong Kong.
Excelsior realized this investment in 2H 2003 through a placement
in the public market.
