Renovo Capital, LLC, through its Renwood Opportunities Fund, has acquired substantially all the assets of Midstate Mills, Inc. Renwood Opportunities Fund provided capital to reduce debt, increase working capital and fund growth as it expands existing product lines and pursues new business partners.

Midstate Mills, based on Newton, NC, is a regional flour miller and has been family owned and operated since 1935. The company sells flour and other baking products in the Southeastern United States for use in food service, food production and in retail channels under the Southern Biscuit® and Tenda-Bake® brands.

Renwood Opportunities Fund is managed by Renovo Capital and Rosewood Private Investments. Renovo Capital is a private equity firm whose primary focus is on operating turnarounds, bankruptcy reorganizations, debt purchases and out-of-court restructurings for companies in manufacturing, distribution and business services. Rosewood Private Investments is the private equity arm of The Rosewood Corporation, a prominent family-owned company with diverse, worldwide operations and investments.

This communication is intended only for informational purposes. This communication nor any attachment thereto is not intended, and should not be construed, as investment advice and does not constitute an offer or commitment, a solicitation of an offer, or any advice or recommendation, to enter into or conclude any transaction. Offers are made only pursuant to a definitive Private Placement Memorandum, Subscription Agreement, or other relevant documentation for the Funds, which contain detailed information concerning the investment terms and the risks, fees and expenses associated with an investment in that Fund. Certain information regarding this communication may have been obtained from third-party sources, including from portfolio companies of funds managed by Renovo. While taken from sources believed to be reliable, Renovo has not independently verified such information and makes no representations about the accuracy of the information or its appropriateness for a given situation. The communication speaks only as of the date indicated or, if no such date is indicated, the date such content is originally posted, and any projections, estimates, forecasts, targets, prospects, and/or opinions expressed in this communication are subject to change without notice and may differ or be contrary to opinions expressed by others. This communication or any attachment thereto is not intended, and should not be construed, as legal, tax, public accounting or auditing advice or opinions. You should consult your legal counsel, accountants and/or tax advisors prior to making any decisions or taking any action concerning the matters in this communication.