Transactions: Mergers & Acquisitions

Statement Rendering Solutions, LLC

Company Description:	SRS, LLC is a leading provider of outsourced statement and bill production and fulfillment services
Transaction:	Served as exclusive financial adviser in connection with the sale of the company to KUBRA, a portfolio company of Toronto-based Clairvest Equity Partners
Transaction Value:	Undisclosed
Our Role:	Served as adviser to the company

Metal Systems, Inc.

Company Description:	Metal Systems, Inc. is a manufacturer of equipment centers that house switchgear and control equipment
Transaction:	Served as exclusive financial advisor in connection with the sale of the company to RFE Investment Partners
Transaction Value:	Undisclosed
Our Role:	Served as advisor to the company

SmartDisk Corporation (OTC: SMDK.PK)

Company Description:	SmartDisk Corporation is a leading provider of portable storage and digital imaging products that enable people to enjoy, share, manage and preserve digital content
Transaction:	Sale of its external hard drive and digital imaging assets to Verbatim Corporation
Transaction Value:	Undisclosed
Our Role:	Served as advisor to the company

Columbus Nova Real Estate Acquisition Group

Company Description:	Columbus Nova Real Estate Acquisition Group provides structuring and advisory solutions for corporations interested in monetizing their real estate holdings or expanding operations without the ownership of real estate.
Transaction:	Acquired the manufacturing facilities of Metal Systems, Inc. in a sale-leaseback transaction
Transaction Value:	Undisclosed
Our Role:	Served as financial adviser to the property owners

dotOne Corporation

Company Description:	Provider of electronic messaging software and services
Transaction:	Sale of company to Critical Path, Inc. (Nasdaq: CPTH.PK)
Transaction Value:	$53 million
Our Role:	Served as advisor to the company

Caregiver Services, Inc.

Company Description:	Provider of home health services
Transaction:	Acquisition of Catalano’s Nurses Registry
Transaction Value:	Undisclosed
Our Role:	Served as advisor to the company

WISH Holdings, LLC

Company Description:	Operator of surgical weight loss clinics
Transaction:	§363 sale transaction
Transaction Value:	Undisclosed
Our Role:	Served as advisor to the company

Health Risk Management, Inc. (formerly, Nasdaq: HRMI)

Company Description:	Diversified healthcare management, services and software company
Transaction:	Divestiture of two subsidiaries in conjunction with chapter 11 bankruptcy proceedings
Transaction Value:	Undisclosed
Our Role:	Served as advisor to the Debtor-In-Possession

Liberty Fibers Corporation (f/k/a Lenzing Fibers)

Company Description:	Manufacturer of rayon staple fiber
Transaction:	§363 sale of company to Silva Acquisition Corporation, in a management-led buyout transaction
Transaction Value:	$18.9 million
Our Role:	Served as advisor to the company

X-Ray Temps, Inc.

Company Description:	Medical staffing company
Transaction:	Sale of company to Mission Partners
Transaction Value:	Undisclosed
Our Role:	Served as advisor to the company

Homes of Merit

Company Description:	Builder of manufactured and modular homes
Transaction:	Sale of company to Champion Enterprises, Inc. (NYSE: CHB)
Transaction Value:	Undisclosed
Our Role:	Served as advisor to the company

McMinnville Manufacturing Company

Company Description:	Leading producer of unfinished hardwood flooring
Transaction:	Sale of company to Columbia Flooring, Inc.
Transaction Value:	Undisclosed
Our Role:	Served as advisor to the company

UCS, Inc.

Company Description:	Developer of mobile work force software
Transaction:	Sale of company to HTE, Inc. (formerly, Nasdaq: HTEI).
Transaction Value:	$19 million
Our Role:	Served as advisor to the company

Youth Services International, Inc. (formerly, Nasdaq: YSII)

Company Description:	Leading national provider of private educational, developmental and rehabilitative programs for youth
Transaction:	Merger with Correctional Services Corporation (Nasdaq: CSCQ)
Transaction Value:	$60 million
Our Role:	Served as advisor and rendered a fairness opinion

Clearidge, Inc.

Company Description:	Provider of a full range of bottled water products for residential and commercial delivery
Transaction:	Sale of company to Suntory Water Group
Transaction Value:	Undisclosed
Our Role:	Served as advisor to the company

CORT Business Services Corporation (formerly, NYSE: CBZ)

Company Description:	Leading national provider of rental furniture and accessories
Transaction:	Sale of company to Wesco Financial Corporation (AMEX: WSC), an affiliate of Berkshire Hathaway, Inc.
Transaction Value:	$470 million
Our Role:	Served as advisor and rendered a fairness opinion

Service Experts, Inc. (formerly, NYSE: SVE)

Company Description:	Leading provider of residential HVAC services and replacement equipment
Transaction:	Sale of company to Lennox International, Inc. (NYSE: LII)
Transaction Value:	$300 million
Our Role:	Served as co-advisor and rendered a fairness opinion

BI Incorporated (formerly, Nasdaq: BIAC)

Company Description:	Leading manufacturer and provider of electronic monitoring equipment and services to the criminal justice market
Transaction:	Sale of company to Kohlberg & Co. in a going private transaction
Transaction Value:	$85 million
Our Role:	Served as advisor and rendered a fairness opinion to the Special Committee

Digital Biometrics, Inc. (formerly, Nasdaq: DBII; since acquired by Identix Inc.)

Company Description:	Leading provider of identification information systems that employ biometric technology
Transaction:	Acquisition of Visionics Corporation
Transaction Value:	$45 million
Our Role:	Served as advisor and rendered a fairness opinion

CKE Restaurants, Inc. (NYSE: CKR)

Company Description:	Owner/operator/franchisor of quick service restaurants, including Carl’s Jr., Green Burrito, La Salsa, and Hardee’s
Transaction:	Divestiture of company-owned restaurants
Transaction Value:	Undisclosed
Our Role:	Rendered a fairness opinion to the Special Committee

PJ America, Inc. (formerly, Nasdaq: PJAM)

Company Description:	Largest franchisee of Papa John’s Pizza
Transaction:	Acquisition of company by a management-led group in a going private transaction
Transaction Value:	$40 million
Our Role:	Served as advisor to a management-led investor group

Physician Informatics, Inc.

Company Description:	Provider of healthcare IT software and services
Transaction:	Acquisition of Westland Medical Systems, Inc.
Transaction Value:	Undisclosed
Our Role:	Served as advisor to the company

Tumbleweed, Inc. (formerly, Nasdaq: TWED)

Company Description:	Owner/operator/franchisor of casual dining restaurants
Transaction:	Going private transaction
Transaction Value:	$27 million
Our Role:	Served as advisor and rendered a fairness opinion to the Special Committee

SCB Computer Technology, Inc. (formerly, Nasdaq: SCBI)

Company Description:	Provider of IT services to commercial and governmental clients
Transaction:	Sale of company to Ciber, Inc. (NYSE: CBR)
Transaction Value:	$90 million
Our Role:	Served as co-advisor and rendered a fairness opinion

Tennessee Kidney Clinics, Inc.

Company Description:	Provider of dialysis and related services
Transaction:	Sale of company to DaVita, Inc. (NYSE: DVA)
Transaction Value:	$27 million
Our Role:	Served as advisor to the company