NewStar Financial is Co-Lead Arranger and Syndication Agent on Senior Financing for Tritech Software Systems
NewStar Financial Supports Acquisition by WestView Capital Partners' Portfolio Company
Boston, MA, November 28, 2007 NewStar Financial, Inc. (NASDAQ: NEWS), a Boston-based specialty finance company, announces that it served as Co-Lead Arranger and Syndication Agent in connection with senior financing provided to support TriTech Software Systems' ("TriTech") acquisition of Information Management Corporation ("IMC"). TriTech is a current portfolio company of WestView Capital Partners ("WestView"). WestView is a Boston-based private equity firm focused exclusively on lower middle market companies, making minority and majority investments in companies across a wide range of industries including business and healthcare services, IT services, industrial, distribution/logistics, consumer, media/publishing and financial services. TriTech provides innovative, comprehensive public safety solutions for law enforcement, fire and EMS agencies through its integrated suite of public safety applications. In addition to its award-winning Computer-Aided Dispatch (CAD) product, VisiCAD Command, TriTech offers innovative Microsoft® NET-based products such as VisiNet Mobile, a wireless mobile fleet application that seamlessly extends CAD to in-vehicle laptop computers, and VisiNet Law RMS, a robust workflow management, and crime reporting tool. The company has more than 175 installations in the United States, Canada, Australia, New Zealand and the United Kingdom.Headquartered in North Grafton, Massachusetts, IMC serves more than 700 law enforcement, fire and EMS customers in 14 U.S. states. IMC has a 25-year track record of success and will continue to focus its product development and services in supporting public safety software applications for small to medium size law enforcement, fire and emergency medical service agencies."NewStar is pleased to further expand our relationship with WestView" said Tim Shoyer, Co-Head of middle market originations at NewStar. "We are also pleased to be supporting TriTech's continued growth. The company has established itself as a market leader with an excellent product and a strong management team." NewStar's deal team included Tim Shoyer, Scott Reeds, Levi Richardson, Chris Dias, and Geoff Rhizor.About NewStar Financial, Inc.:
NewStar Financial is a specialized commercial finance company focused principally 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.
Anne G. Bork
Gaffney Bennett Public Relations