NewStar Financial Supports Leveraged Buyout by Centre Partners Management LLC
Centre Partners Management LLC acquires a majority interest in Orion International Consulting Group, Inc.
Boston, MA, July 11, 2007 NewStar Financial, Inc. (NASDAQ: NEWS), a Boston-based specialty finance company, announces that it has provided the senior financing to support the acquisition of Orion International Consulting Group, Inc. by Centre Partners Management LLC. Founded in 1991 by five military veterans, Orion International is the nation's largest military recruiting and permanent placement organization specializing in individuals separating from the military. Orion is primarily dedicated to finding permanent placement civilian opportunities for exiting junior military officers, enlisted technicians, and military healthcare professionals. Since its inception, Orion has placed over 17,000 former military personnel with over 2,000 different clients. Orion International is headquartered in Raleigh, North Carolina with five additional offices located in close proximity to military bases across the country including San Diego, CA, Cincinnati, OH, Virginia Beach, VA, Austin, TX, and Sarasota, FL."NewStar is excited to be backing such an exceptional management team with a unique and proven business model and we look forward to supporting Orion's growth initiatives," said Pat McAuliffe, Managing Director at NewStar. "The deal also presents a great opportunity to partner with and build a strong relationship with a top-tier equity sponsor in Centre Partners."Centre Partners, founded in 1986, is a leading private equity firm with a middle market focus that seeks to make acquisitions and equity investments alongside management teams who have or desire a meaningful economic stake in the future success of their businesses. NewStar was the Sole Lender and Administrative Agent for the senior secured credit facilities.NewStar's deal team included Pat McAuliffe, Bruce Catania, Tom Gillis and Mahesh Ramchandani.About NewStar Financial, Inc.:
NewStar Financial is a specialized commercial finance company focused exclusively on meeting the complex financing needs of customers in the middle market through our corporate, commercial real estate, and structured products groups. Our senior banking teams call directly on customers to provide advice and finance a range of strategic transactions that may require some combination of senior secured, second lien and mezzanine financing. NewStar typically works with customers with financing needs of up to $150 million and cash flow as low as $5 million. We target 'hold' positions of up to $35 million, but may also underwrite or arrange transactions up to $100 million for syndications to other lenders. We are headquartered in Boston MA, with regional offices in Darien CT, Chicago IL, San Francisco CA, San Diego CA, and Charleston SC. In December of 2006, NewStar completed an Initial Public Offering. The Company's shares trade on the NASDAQ under the ticker symbol, NEWS. Please visit our website at www.newstarfin.com
for more detailed transaction and contact information.
Robert K. Brown
Gaffney Bennett Public Relations