David Basto Promoted To Managing Director; Elias Dokas Named Principal; Barrett Gilmer Promoted To Vice President

MidOcean Partners Names Senior Management Appointments

New York, NY, September 10. 2008 - MidOcean Partners, a leading middle market private equity firm, announced today the promotions of David Basto to Managing Director and Barrett Gilmer as Vice President. Elias Dokas, a former Managing Director at Blackstone, joins MidOcean as a Principal to the firm’s investment staff.

“We are very pleased that we have the management resources to further strengthen our management team with the promotion of talented individuals from within our firm,“ said Ted Virtue, founder and CEO of MidOcean. “David has made significant contributions to MidOcean since we founded MidOcean, helping us acquire companies, strengthen their operations and realize value on those investments for our investors. We ere pleased to recognize Barrett’s accomplishments as well, and we know they will continue to help us execute our investment strategy as we build the firm for future success.”

Mr. Basto has been with MidOcean since its inception and focuses on investments in the Consumer space. He also served with MidOcean’s predecessor firm, DB Capital Partners. as a principal and vice president. Prior to that, Mr Basto was an Associate at Juno Partners and an Analyst in Tucker Anthony’s Mergers & Acquisitions group. Mr. Basto has a B.A. in history from the University of Virginia.

Mr. Dokas joins as a Principal to MidOcean’s investment staff from Blackstone where he spent 11 years, most recently as a Managing Director. There he focused on activities in the media, telecommunications and financial services space. He began his career in 1991 within the private equity group of Merrill Lynch & Co. He received an MBA from Harvard Business School and a BA in Economics from Columbia where he also earned recognition in Physics.

“Elias has extensive experience in the telecommunications and financial services sectors and he will be a strong complement to our existing team,” said Mr. Virtue. “We are pleased that he has chosen to join MidOcean and all of us look forward to working with him.”

Mr. Gilmer joined MidOcean as an Associate in 2004 and focuses on investments in the media and communications sectors. Prior to joining MidOcean he served with Lehman Brothers as an Associate in the Mergers & Acquisitions Group and as an Analyst in the Leveraged finance Group. Mr. Gilmer received his B.A. from Davidson College and also studied at Oxford University.

About MidOcean

MidOcean Partners is a premier New York-based alternative asset manager specializing in middle-market private equity and alternative credit investments. Since its inception in 2003, MidOcean Private Equity has targeted investments in high-quality middle-market companies in the consumer and business services sectors. MidOcean Credit was launched in 2009 and currently manages a series of alternative credit strategies, collateralized loan obligations (CLOs), and customized separately managed accounts.

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