Charlesbank Capital Partners LLC Elects Andrew Janower Managing Director.

Business Editors

BOSTON--(BUSINESS WIRE)--Jan. 7, 2002

Charlesbank Capital Partners, LLC announces that Andrew S. Janower has been elected a Managing Director of the firm. Mr. Janower joined Charlesbank as a Vice President at the time of the firm's inception in 1998, having worked at its predecessor firm, Harvard Private Capital Group. He becomes Charlesbank's ninth partner, joining Kim Davis, Michael Eisenson, Tim Palmer and Mark Rosen in directing the private equity investment team.

"Over the past several years AJ has proven his strong leadership skills and made significant contributions in identifying investment opportunities and helping those companies grow," said Michael Eisenson, Managing Director and Chief Executive Officer. "We have great confidence in his abilities and are delighted to welcome him as a partner."

Prior to joining Harvard Private Capital Group in 1996, Mr. Janower worked as a Research Associate at the Harvard Business School and a Consultant at Bain & Company. He earned a BS in economics, magna cum laude, from the Wharton School at the University of Pennsylvania, and an MBA from Harvard University with Baker Scholar honors.

Charlesbank's private equity team raised $590 million last year for Charlesbank Equity Fund V, its first fund to include investors other than Harvard. The firm focuses on management buyouts and growth capital financings, investing across a broad range of industries and levels of the capital structure.

Charlesbank Capital Partners, LLC is a private investment firm with more than $2 billion of capital committed to acquisition and expansion financing for growing companies and developing real estate assets. The firm has offices in Boston and New York.