Pine Street Capital Partners I Successfully Exits from Investment in Fischbein LLC

PSCP I is pleased to announce a successful exit on its investment in Fischbein LLC, a global manufacturer of packaging and material handling equipment, in connection with the recapitalization of the company earlier this month. In May 2007, PSCP I provided $2,000,000 in subordinated debt and $1,000,000 in preferred equity to partially finance the acquisiton of Fischbein from the previous owner. PSCP I realized a 32.4% IRR on its aggregate investment. This exit represents the sixth full realization out of nine investments in PSCP I.

About Pine Street Capital Partners

Pine Street Capital Partners (PSCP) is a multi-fund management company formed in 2004. PSCP's new fund, Pine Street Capital Partners II, LP, continues our strategy of investing subordinated debt and non-control equity in smaller established companies with experienced and committed management teams, providing capital for buyouts, recapitalizations, acquisitions and corporate growth.