MidOcean Partners Announces Agreement to Sell Thompson Publishing Group

November 20, 2006

New York. NY, November 20, 2006 - MidOcean Partners. a New York and London-based private investment firm, today announced that it has agreed to sell its interest in Thompson Publishing Group (TPG), a leading provider of subscription based information services, to its partner Avista Capital Partners.

Founded in 1972, Thompson Publishing is one of the foremost professional publishers of information on complex laws and regulatory mandates, with more than 350 publications and approximately 110,000 subscribers, Thompson serves professionals in the human resource, education, government grants, and banking fields via subscription-based handbooks, newsletters, reference services, single-issue publications, and the internet.

Tvler Zachem, a Managing Director at MidOcean Partners said, “Media and communications are key investment sectors for us and areas where we have created value. We are proud of whet we have accomplished at Thompson over the past two and a half years. TPG is a great brand and we are confident that having worked with the TPG management teem and our partners at Avista, they will continue to successfully expend its platform and grow the business.”

James Finkelstein, the Chairman of TPG and an Industry Partner at Avista, said. “MidOcean has been a great partner to Thompson and Avista. Looking to the future, I am excited about the opportunities for internal growth and acquisitions available to a great business like Thompson.”

Terms of the transaction, which is expected to close by year-end, were not disclosed.

MidOcean acquired its interest in TPG in May 2004 and in August 2005 helped to manage the company through the strategic acquisition of Sheshunoff, a leading publisher of “how-to” publications for financial institution professionals. In July 2006, Avista acquired Credit Suisse’s interest in TPG. Avista and MidOcean managed the acquisition of American Health Consultants, the world’s largest publisher of health care newsletters, in late August 2006.

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About Avista
Avista Capital Partners is a leading private equity firm with offices in New York, NY and Houston, TX. Founded in 2005, Avista’s strategy is to make controlling or influential minority investments primarily in growth-oriented media, healthcare and energy companies. Through its team of seasoned investment professionals and industry experts, Avista seeks to partner with exceptional management teams to invest in and add value to well-positioned businesses.

About Thompson Publishing Group
Thompson Publishing Group, a Washington, D.C.-based information services provider, has been a leading source of analysis and guidance for business and government executives since 1972. Professionals rely on Thompson for help in tracking, and complying with, the dynamic regulatory mandates facing their organizations in a variety of areas including financials services; human resources; pensions and benefits; grants seeking and grants management; education, including Title I; FDA; environment and energy; and healthcare. More information can be found on their website: www.thompson.com.

About MidOcean Partners

MidOcean Partners is a premier New York-based alternative asset manager that specializes in middle market private equity and alternative credit investments. Since its inception in 2003, MidOcean Private Equity has managed over $4.5 billion of committed capital and has targeted investments in high-quality middle market companies in the consumer and business services sectors. MidOcean Credit Partners was launched in 2009 and manages approximately $8 billion across a series of alternative credit strategies, collateralized loan obligations (CLOs), and customized separately managed accounts as of November 30, 2018

MidOcean Media Relations Contacts 
Nathaniel Garnick/Amanda Klein
Gasthalter & Co.
212-257-4170
midocean@gasthalter.com

MidOcean Investor Relations Contact
MidOcean Partners 
IR@midoceanpartners.com