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Portfolio Companies

PLATFORM ACQUISITION

Russell-Newman Brands founded in 1939 as a manufacturer of women's undergarments; today Russell Newman is an intimate apparel leader specializing in the design, development, sourcing, marketing and distribution of all types of intimate apparel, sleepwear, and loungewear. The Russell Newman stable of brands includes KN Karen Neuburger®, a luxury sleep, loungewear and intimates business built on the promise that life should be comfortable; Carol Malony®, a high-end, high-fashion lingerie brand; Cypress®, a luxury robe business with direct sales into the world's premier hotel and spa chains; St. Eve® and St. Eve Kids®, our premier intimate basics businesses for women, juniors and children; and Laura Ashley®, the iconic brand and purveyor of fine English fashion and home furnishings. With retail relationships that span all tiers of distribution from upscale department stores to mid-tier department stores to mass merchants to discount clubs to specialty and chain stores, and with offices in New York City, California, Texas, and Asia, Russell Newman is an industry expert.




Russell-Newman Brands

August 2007

ADD-ON ACQUISITIONS

St. Eve was founded in 1976 and has grown into one of the largest intimate apparel companies in the United States. Headquartered in New York City, St. Eve sells its products under the St. Eve brand as well as private label to all major department stores, chain stores and other retail channels nationwide. St. Eve's women's product offering includes: (i) undergarments, including briefs, hi-cuts, bikinis, strings, thongs, camisoles, shelf camisoles and sport bras; and (ii) sleepwear, including oversized gowns, nightshirts, chemises, loungers and pajama sets. In addition, the company's children's product offering includes underpants, training bras and camisoles for girls; briefs, boxers and undershirts for boys; and sleepwear for girls and boys and blanket sleepers for toddlers.




St. Eve

March 2008


KN Karen Neuburger®
started in 1994 as a home-based sleepwear business producing intimate apparel and home merchandise. Today KN has been featured on national television segments and in magazines and newspapers across the country. KN sells its designs in over 3,000 retail stores within the United States, and also in Canada, South America, Europe and Asia. KN established itself as a lifestyle brand with comfort-focused products.


KN Karen Neuburger®

July 2008
 


Carol Malony
is a premium designer intimate apparel brand. With the current alliance with Carol Malony, Russell-Newman has expanded its core sleepwear, loungewear and daywear product offering to include fashion bras, coordinating daywear and lingerie. Carol Malony currently features two collections: Carol Malony Signature, a better line and Haute, a designer line, which are sold at better department and specialty stores in the United States, Europe and Australia. Carol Malony has been a design force in the industry from the very beginning. She has owned upscale lingerie boutiques in greater Los Angeles, California, has been a key designer and supplier for Victoria's Secret, and at the onset of launching her two collections in the Fall of 2007, won the "Madam Figaro Award" and the "Ultra Modernite Trophy" for excellence in Lingerie Design at Salon de la Lingerie 2008, in Paris. Carol Malony products have been featured in: Marie Claire, Figaro, Intima, WWD, Linea, Contour, IAB, US, California Apparel News, E-Entertainment and many other noteworthy fashion and industry publications.


Carol Malony

July 2008


OTHER ACQUISTIONS

Westover Car Rental, LLC is a Dollar & Thrifty rental car franchisee/operator and parking lot owner/operator at the Buffalo, NY airport with plans to expand to new airport locations in other mid-tier cities.




Westover Car Rental, LLC

2007


Biflex Intimates Group is a leading provider of private label women’s intimate apparel to major retailers. Biflex specializes in designing, sourcing and managing the flow of products, primarily bras, for large retailers across the discount channel, national chains, and department stores. Primarily a private label business, BiFlex’s portfolio also includes the IZOD brand for intimate apparel.


Westover Car Rental, LLC

2006


Vtrenz provides leading, affordable Enterprise Marketing Management ("EMM") solutions for small and medium-size businesses ("SMBs") that allow its customers to save time, reduce costs, and increase sales opportunities and revenue. Deployed as an application solution provider ("ASP") at a reasonable annual subscription rate, it is the most attractive and affordable solution for this market. To deploy iMarketing Automation™, its clients require no software, no servers, and no IT department typical of other EMM solutions that are too costly for SMBs. iMarketing Automation™ enables direct marketing professionals to develop a dynamic, repeatable, and measurable lead generation process, which increases response rates, accelerates sales opportunities, and provides clear visibility into marketing initiatives. The company merged with SilverPop in 2007, creating the largest on demand eMarketing service provider. In December 2008, Vtrenz was recognized by Forrester as the #1 Marketing Automation vendor based on both business value provided by the product and market suitability.


Vtrenz

2005


Bright of America
designs, manufactures, and markets home consumer products and educational items sold directly to mass merchandisers, food, and drug store chains throughout the United States, Canada, and in various countries around the world. The company has maintained high levels of profitability on an annual basis since 1994, which, combined with minimal capital expenditures and an economic cycle-resistant product line, results in a significant positive annual cash flow. Future plans for the company include investing in complementary and related product categories.


Bright of America

2004


Innova-Safety
is a leading niche manufacturer of professional safety and rescue equipment used in high-height anchorage and fall arrest applications, and in confined spaces. Its fall protection trolleys guard thousands of workers every day from falls. The company’s products are used by the American grain and feed industries, the American dry bulk materials manufacturing and handling industries such as the plastics industry, flour mills, cereal manufacturers, pharmaceuticals, plastic molding and resin suppliers, powdered materials manufacturers, and many other dry bulk material industries. The company is also heavily involved in engineered confined space and high-height anchorage fall-arrest devices used widely by municipalities, water utility, electric and natural gas utility, chemical plants, steel mills, and oil refineries.


Innova-Safety

2002


Peregre
provides mission-critical information and online management tools to help corporations relocate and expatriate personnel on a global basis. The company developed a unique and leading suite of online products and tools, which has earned distinction as the #1 product in its industry. In over 300 cities worldwide, the company provides online Housing Actuals (detailed apartment and house rental information), International School Comparisons, and City Profiles. Each of these tools provides relocation-critical information to a corporation’s human resources and compensation and benefits department, and to the expatriate assignee and family.


Peregre

2002
       
       
 
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