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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

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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.






Corporate Inquiries:

NewStar Financial

Scott Poirier

(617) 848-2525
Press-Related Inquiries:

Gaffney Bennett Public Relations

Annie Donnelly
(860) 416-1365



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