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NewStar Financial is Sole Lead Arranger and Syndication Agent on Senior Financing for Accubuilt, Inc.

NewStar Financial Supports Paladin Capital Group's Refinancing of Accubuilt, Inc.

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Boston, MA, December 5, 2007 – NewStar Financial, Inc. (NASDAQ: NEWS), a Boston-based specialty finance company, announces that it served as Sole Lead Arranger and Syndication Agent in connection with $40 million in senior financing provided to support the recapitalization of Accubuilt, Inc. ("Accubuilt"), a Paladin Capital Group ("Paladin") portfolio company.
Headquartered in Lima, Ohio, Accubuilt, Inc. is a global leader in the designing, engineering and manufacturing of specialty vehicles.

Accubuilt produces premium, high-quality specialty vehicles for high-end commercial customers that meet the needs of targeted demographics, which includes funeral coaches (hearses), funeral limousines, extended luxury sedans, mobility vans, specialty vans, specialty trucks, luxury limousines and limousine vans.

"We greatly appreciate NewStar's responsiveness and understanding of the business and look at NewStar as a partner with whom we will grow our business," commented Greg Corona, Chairman and CEO of Accubuilt. "We look forward to working with them to support our future growth."

"NewStar is pleased to be supporting Accubuilt and Paladin and we look forward to working with the Company as it continues to grow its business and launch new product lines," said Mark Cordes, a Managing Director in NewStar's Middle Market Group. "The deal also presents a great opportunity for NewStar to partner with and build a strong relationship with Paladin Capital."

Paladin Capital Group is an established, multi-stage private equity firm that invests in growing companies through acquisitions and expansion capital. Headquartered in Washington, DC, Paladin has more than $700 million dollars under management across several funds and a wide range of industries. The firm's leadership is comprised of individuals with a proven track record of financial expertise, national security experience and specialized technical competence. Accubuilt is one of eight companies in Paladin's Capital Partners' Fund.

The deal team for this transaction from NewStar included Mark Cordes, Christopher Koenig, Paul Feloney, Jason Andreotes 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 for more detailed transaction and contact information.

Corporate Inquiries:

NewStar Financial

Anne G. Bork

(617) 848-4318
Press-Related Inquiries:

Gaffney Bennett Public Relations

Annie Donnelly
(860) 416-1365

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