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NewStar Financial Provides Acquisition Financing For Cambridge Major Laboratories

NewStar Financial partners with CapitalSource to support the buy-out for Arlington Capital Partners

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Boston, MA, February 1, 2007 – NewStar Financial, Inc. (NASDAQ: NEWS), a Boston-based specialty finance company, announces that it is Syndication Agent on a new financing to support the acquisition of a majority stake in Cambridge Major Laboratories, Inc. ("Cambridge Major") by Arlington Capital Partners ("Arlington"). Arlington is a Washington, D.C. based middle market private equity firm with more than $1.0 billion of committed capital.Cambridge Major, headquartered in Germantown, Wisconsin, is a service-based chemistry outsourcing partner to the world's leading pharmaceutical and biotechnology companies. The company operates two facilities outside of Milwaukee, WI offering synthesis and scale up, analytical chemistry services and associated regulatory support for active pharmaceutical ingredients across a broad range of structural classes of molecules. Cambridge Major's core services are targeted at a diversified customer base of pharmaceutical companies including large multinationals, generic manufacturers, emerging biotechnology companies and specialty pharmaceutical concerns. Arlington has made an investment in Cambridge Major in partnership with the company's existing management team, led by Michael Major, Ph.D., D.Sc. who has led the company's growth since its founding in 1997. "NewStar is excited to be working with Dr. Major, an industry expert in chemical synthesis and a proven operator," said Greg Pachus, Managing Director of NewStar's Middle Market Healthcare group. "This deal was a great opportunity for us to work and build a stronger relationship with a top-tier equity sponsor in Arlington Capital."CapitalSource Finance was the Administrative Agent on the financing, which included a revolving line of credit, a term loan A and a term loan B.

Joining Greg Pachus and Keith Cox on NewStar's healthcare deal team were Robert Hornstein, Dipen Patel and Nicole Gain.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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