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December 1, 2011
Ellipse Capital Announces Strategic Partnership with Svoboda Capital Partners

Ellipse Capital is pleased to announce that Peter Gotsch and David Schumacher have joined Svoboda Capital Partners as Managing Director and Vice President, respectively. Svoboda Capital Partners ("SC") is a Chicago-based private equity firm with over $200 million of capital that invests in leading value-added distribution, business services and consumer companies.

Peter Gotsch, Managing Partner of Ellipse Capital, said, "We are very excited to be joining forces with John Svoboda and his team at Svoboda Capital Partners. Our combined organization will have more critical mass, better geographic coverage and an enhanced focus on the distribution and business services sectors. Our cultures, transaction focus and investing philosophy are highly compatible, and we look forward to many years of successful investing at SC."

In connection with the combination, updated contact information appears below:

Peter Gotsch
Managing Director
Svoboda Capital Partners LLC
One North Franklin Street
Suite 1500
Chicago, IL 60606
p) 312-267-8754
pgotsch@svoco.com

David Schumacher
Vice President
Svoboda Capital Partners LLC
One North Franklin Street
Suite 1500
Chicago, IL 60606
p) 312-267-8756
dschumacher@svoco.com

Jennifer Levinson
Partner
Palmetto Capital LLC
151 Sawgrass Corners Drive
Suite 106
Ponte Vedra Beach, FL 32082
p) 904-716-0431
jlevinson@palmettoca.com

Peter Gotsch, Jennifer Levinson and David Schumacher will continue to manage the existing investments of Ellipse Capital LLC.

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