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May 12th, 2010

Olympus’ Finest Hour: Acquires Churchill

Olympus Partners, a leading Stamford-based private equity firm, through its affiliate, Olympus Growth Fund V, LP, announced today that it has acquired Churchill Financial Holdings LLC, a leading middle market focused commercial finance company, and agreed to refinance existing indebtedness and invest additional capital to support the growth of Churchill’s core middle market lending business.

“Churchill is an excellent addition to our financial services portfolio,” said Rob Morris, managing partner of Olympus Partners. “We expect further opportunities in the wake of the consolidation prompted by the recent recession.”

“We have been looking for an opportunity to invest in the middle market senior lending area for some time, especially given the attractive market dynamics we see daily in our middle market private equity investment activities, including a severe contraction in the number of senior lenders over the past two years,” said Paul Rubin, partner of Olympus Partners. “With Churchill, we believe we have found the ideal platform — a first class, highly regarded senior management team, a solid and proven origination and underwriting team, an excellent credit track record in the middle market senior lending space and significant long-term committed financing. Churchill meets all of the criteria we believe are required to make a successful investment in this area.”

About Olympus Partners

Founded in 1988, Olympus Partners is a Stamford, Conn.-based private equity firm focused on providing equity capital for middle market management buyouts and for companies needing capital for expansion. Olympus is an active, long-term investor across a broad range of industries, including healthcare services, financial services, consumer products and business services. Olympus manages in excess of $3 billion on behalf of corporate pension funds, endowment funds and state-sponsored retirement programs. For more information, please visit https://olympuspartners.com.

About Churchill Financial Group

Churchill Financial Group, headquartered in New York, is a leading commercial finance and asset management company. Churchill has two complementary businesses: Churchill Financial, which focuses on providing senior lending to middle market companies and Churchill Pacific, which manages portfolios of broadly syndicated senior loans and other fixed income funds. Churchill Financial focuses primarily on lending to companies backed by leading private equity firms and other investors. Churchill has over $3.25 billion in assets under management and approximately $1.25 billion of committed capital to support its senior lending activities. Churchill has offices in New York, Chicago, Minneapolis and Los Angeles. For more information, please visit www.churchillnet.com.

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