Lyceum Capital Fund II Closes on £255 Million

Feb. 19, 2008

GREENWICH, CONN. — Atlantic-Pacific Capital, Inc., is pleased to announce the final closing of Lyceum Capital Fund II (“Fund II”) on £255 million (US$496 million). Lyceum’s target for the fund was £200 million. Fund II attracted commitments from over 20 institutions and family offices in the United Kingdom, the United States and continental Europe. Atlantic-Pacific Capital acted as the exclusive global placement agent.

Lyceum Capital (the “Firm”) is focused on lower middle-market companies headquartered in the United Kingdom. The Firm aims to make control investments in platform companies within fragmented services markets where a consolidation strategy can be pursued. Fund II is the first fund following the Firm’s spin-out from the investment banking business of Germany's WestLB AG in May 2006. Since then, Lyceum has completed 16 acquisitions (comprising two platform acquisitions and 14 add-on acquisitions) and successfully exited four investments.

About Atlantic-Pacific Capital, Inc.

With offices in North America, Europe and Asia, Atlantic-Pacific Capital, Inc., is the largest independent global placement agent solely dedicated to raising capital for alternative investment funds and direct private placement transactions. Typical projects include private equity, real estate and hedge fund placements, as well as private placement financings in support of acquisitions, buy-outs and growth capital transactions. Founded in 1995, Atlantic-Pacific has raised in excess of $33 billion for its clients and has developed relationships with over 4,000 alternative investors worldwide.

About Lyceum Capital Partners, LLP

Lyceum Capital concentrates on building value in mid-market services businesses in partnership with management teams through investment in profits growth, market consolidation and strategic innovation. Lyceum Capital Fund I’s investments include Southern Cross, the elderly care homes group sold to Blackstone for £167 million in 2004 and listed in 2006; Asquith Schools, acquired by Cognita in 2004; Clinovia, the leading independent home healthcare company, sold in 2006 to BUPA for £88 million and National Britannia Group Limited (NBG), one of the UK’s largest specialist providers of health and safety compliance services, to Connaught plc for £92 million. Since 2000, Lyceum has acquired 41 companies including nine platforms in healthcare, education, outsourcing, social housing services, technology and industrial services. Lyceum Capital Fund I has, to date, returned £347 million to investors and co-investors. For further information, please visit www.lyceumcapital.co.uk.