Renovo Capital Formed to Pursue Distressed and Special Situation Investments

NEW YORK, JANUARY 1, 2009– Mark Barbeau announced today the formation of Renovo Capital, LLC a private equity group focused on distressed and special situation investing in the middle market. Renovo Capital is the formalization of an existing investment practice of certain of the founders of a national leading provider of turnaround and restructuring services.

Renovo Capital will make special situation investments from $2 million to $15 million to secure control equity positions. Primary focus will be operating turnarounds, bankruptcy reorganizations, debt purchases and out-of-court restructurings for companies in the manufacturing, distribution and service industries.

“Renovo Capital is committed to providing strategic direction, management resources and the capital necessary to support companies in times of transition,” said Mark Barbeau, Managing Partner. “We are seeking situations where our expertise in improving financial and operational performance will create long-term value.”

Joining Mark Barbeau as Managing Partners in Renovo Capital are Don Jungerman and Scott Lavie. Their combined areas of expertise include operational and financial restructuring, profit improvement and portfolio management. They have deep experience in crisis management, distressed investing and operational improvement, and have provided critical support for companies undergoing change.