NewStar Financial Is Syndication Agent On Recapitalization Financing For Ameritox, Ltd.
NewStar Financial partners with BMO Capital Markets to support the recapitalization for Sterling Capital Partners, LP
Boston, MA, January 31, 2007 NewStar Financial, Inc. (NASDAQ: NEWS), a Boston-based specialty finance company, announces that it is Syndication Agent on a new $35.0 million financing to support the recapitalization of Ameritox, Ltd ("Ameritox"). Ameritox is a portfolio company of Sterling Capital Partners ("Sterling"). Sterling, with offices in Northbrook, IL and Baltimore, MD, is the buyout arm of Sterling Partners, a multifaceted private equity firm founded in 1983 and focused on buyouts and venture capital.Ameritox is a full service specialty toxicology laboratory with corporate headquarters in Baltimore, MD and laboratory facilities in Midland, TX. The company utilizes a unique, patented diagnostic methodology to monitor compliance with prescription pain medicine regimens in conjunction with a proprietary database of patient-level data, which Ameritox has built as a founder of the pain management testing industry."Ameritox has pioneered a niche in the laboratory testing industry," said Gregory Pachus, Managing Director of NewStar's Middle Market Healthcare group. "The deal demonstrated NewStar's ability to quickly execute financing for a unique business in a promising healthcare industry."BMO Capital Markets was the Lead Arranger on the transaction, comprised of a revolving credit facility and a term loan.In addition to Mr. Pachus, Robert Hornstein, Keith Cox, Dipen Patel and Nicole Gain made up NewStar's healthcare deal team for this transaction.About NewStar Financial, Inc.:
NewStar Financial, Inc. was formed in June 2004 by a group of senior banking and capital market executives from leading financial institutions, including FleetBoston Financial Group, Citigroup and JP Morgan Chase, and leading institutional investors including Capital Z Partners, JP Morgan Corsair Capital Partners and Och-Ziff Capital Management Group. NewStar is focused exclusively on providing customized financing solutions to mid-sized borrowers in three lending groups: Middle Market Corporate, Commercial Real Estate and Structured Products. For more information, please contact the appropriate individual below.
Gaffney Bennett Public Relations