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Hartford
Investment Management Company's Mezzanine & Private Equity Group (“The Mezzanine Group”) announces
the recent completion of seven mezzanine and private equity transactions:


Subordinated debt
and
equity interests*
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The Mezzanine Group announces that it has invested in the subordinated debt and equity interests of California Family Fitness in conjunction with a recapitalization of the company by Bunker Hill Capital, LP. California Family Fitness is a leading operator of health and fitness clubs in the greater Sacramento, CA area. *At the request of the sponsor, the investment amount may not be disclosed. |

$0.8 million follow-on
investment in subordinated debt securities
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The Mezzanine Group announces that it has made a $0.8 million follow-on investment in subordinated debt securities issued by Micro Dental Laboratories, Inc. (“Micro Dental”) to help finance an acquisition. Micro Dental is a leading domestic dental laboratory focusing on high quality dental restorations and reconstructions for the cosmetic dental market. |

$5.0 million
in subordinated debt
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The Mezzanine Group announces that it has acquired an additional $5.0 million in subordinated debt issued by Waddington North America, Inc (“WNA”) in a secondary transaction with an existing investor. WNA is a leading manufacturer of high quality, plastic disposable tableware for sale through the restaurant, catering and consumer distribution channels. |

$8.0 million in subordinated debt
and equity interests in subordinated debt
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The Mezzanine Group announces that it has invested $8.0 million in subordinated debt and equity interests to support the acquisition of Hettinger Welding, Inc. ("Hettinger") by Clearview Capital Fund II, LP. Hettinger, headquartered in Gillette, Wyoming, constructs and maintains pipelines, compressor stations and natural gas processing facilities for blue-chip customers throughout the Rocky Mountains. |
$2.6 million co-investment
in subordinated debt, preferred and common interests**
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The Mezzanine Group announces that it has made a $2.6 million co-investment in the subordinated debt and preferred and common interests of a leading marketer and distributor of branded, specialty food products sold through the grocery and foodservice channels. The proceeds were used to support the acquisition of a competitor. **At the request of the lead investor, the name of the issuer may not be disclosed. |

$8.2 million co-investment in subordinated debt and equity interests
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The Mezzanine Group announces that it has made a $8.2 million co-investment along side of TCW/Crescent Mezzanine Partners in the subordinated debt and equity interests of Tourneau Inc. (“Tourneau") to support its acquisition by Leonard Green & Partners, LP. Tourneau is the world's leading retailer of premium watches with stores in major metropolitan and upscale retail venues throughout the United States. |

$9.0 million co-investment
in the equity interests
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The Mezzanine Group announces that it has made a $9.0 million co-investment along side of InterMedia Partners VII, LP in the equity interests of Faith Media Holdings, LLC (“Faith Media”). Faith Media has two subsidiaries, Thomas Nelson, Inc. (“Nelson”) and Gospel Music Channel LLC (“GMC”). Nelson is the largest Christian book publisher in the U.S. and the ninth largest book publisher in the world. GMC is the first and only advertiser-supported television network dedicated to all forms of gospel and inspirational music. |
About Hartford Investment Management Company’s Mezzanine Group
With over $1 billion in mezzanine and private equity assets and commitments, the Mezzanine Group seeks to invest $5 to $30 million in subordinated debt and equity for leveraged buyouts, incremental acquisitions, growth and recapitalization opportunities. We can be a sole provider of mezzanine, lead a mezzanine transaction or be a value added participant in a larger mezzanine syndicate in sponsored and unsponsored transactions. We can also invest in equity securities in association with a mezzanine investment or on a stand alone basis as a co-investment. In addition to direct investments, The Mezzanine Group also invests in buyout and mezzanine funds that will provide co-investment opportunities. About Hartford Investment Management
Hartford Investment Management Company, a wholly-owned subsidiary of The Hartford Financial Services Group, Inc., manages over $131 billion ("Hartford Investment Management") on the behalf of corporate retirement plans, endowments, foundations, insurance companies, mutual funds, public funds and other institutional accounts. |
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For
more information contact:
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Tel. 860-297-6448 |
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Tel. 860-297-6440 |
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Tel. 860-297-6408 |
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Tel. 860-297-6338 |
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55
Farmington Avenue, P.O. Box 1744, Hartford,
CT 06144-1744
www.himco.com |
The
foregoing is not intended as a solicitation of investment management
services, but rather an announcement of the transactions identified herein
to the private equity market. The
specific securities identified and described herein represent all of the
direct mezzanine investments (defined as including all direct investments
by Hartford Investment Management Company's Mezzanine Group, including debt and equity securities, but excluding fund
investments) purchased, sold or recommended for The Mezzanine Group’s advisory
clients during the prior three months, and the reader should not assume
that investments in the securities identified and discussed were or will
be profitable. For a complete
list of such securities, please contact Hartford
Investment Management Company's Mezzanine Group.
Hartford
Investment Management Company, a wholly-owned subsidiary of The Hartford
Financial Services Group, Inc., is a registered investment adviser
providing investment services to mutual funds, employee benefit plans,
insurance companies and other institutional accounts.
All assets as of 12/31/06 |