IVCA Welcomes Prospect Partners LLC as New Member

IVCA Welcomes Prospect Partners LLC as New Member

July 2, 2008

CHICAGO - “ The IVCA welcomes new member Prospect Partners LLC and representatives Maneesh Chawla, principal; William Glastris, principal and co-founder; Louis Kenter, principal and co-founder; Erik Maurer, principal; and Richard Tuttle, principal and co-founder.

Prospect Partners LLC is a leading lower middle-market private equity firm managing two funds totaling $270 million. The firm focused exclusively on management-led leveraged buyouts and recapitalizations of smaller niche market leaders with revenues typically between $10 and $50 million and EBITDA up to $8 million.

A highly active, committed and experienced small-company buyer, Prospect Partners has invested nationwide in more than 70 growth-ready businesses since its inception in 1998. As opportunity-driven investors, they consider a broad range of niche markets including consumer, commercial, manufacturing, distribution and specialty business and consumer services.

Its holdings represent such sectors as for-profit post-secondary schools, industrial equipment rentals, home improvement, behavioral health care, ethnic foods, specialty packaging, consumer products, commercial fixtures, custom publishing, energy-efficient lighting and marketing services (among others).

Prospect Partners typically invests in $1 to $15 million increments in the equity portion of management-led acquisitions and makes follow-on investments to support the internal growth and health of its portfolio companies. Partnering with seasoned management teams that continue to run the company, the firm seeks to build shareholder value over time through organic growth and/or selective add-on investments.

Prospect Partners is backed by a premier group of institutional investors including Goldman, Sachs & Co.; General Motors Investment Management Corporation; JPMorgan Asset Management; the University of Notre Dame; Wilshire Associates, Inc.; Private Advisors LLC; and the Northern Trust Corporation. More information can be found at http://www.prospect-partners.com.