LLR Partners Announces Promotions and One New Hire

Business Wire,  March 28, 2008  

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PHILADELPHIA -- LLR Partners Inc. ("LLR") is pleased to announce its recent promotions and a new addition to the firm. Scott A. Perricelli and David J. Reuter have been promoted to Partner and Todd J. Morrissey and David A. Stienes have been promoted to Principal. In addition, Wm. Christian Bullitt Jr. has joined LLR as Director of Business Development.

Scott Perricelli joined LLR in 2001 as an Associate and focuses primarily on LLR's healthcare and outsourced business service practices. Currently, Mr. Perricelli sits on the board of and actively manages LLR's investments in American Renal Associates, EKR Therapeutics and Regency Beauty Institute. Prior to joining LLR, Mr. Perricelli was an Associate at Advanta Partners, a middle market private equity fund affiliated with Advanta Corporation.

David Reuter joined LLR as an Associate when the firm was founded in 1999 and primarily focuses on LLR's financial services and IT practices. Currently, Mr. Reuter sits on the board of and actively manages LLR's investments in First Equity Card Corporation, Maxwell Systems and Peachtree Funding. Prior to joining LLR, Mr. Reuter worked in Arthur Andersen's Growth Company Practice providing management consulting and accounting services to middle market companies.

Todd Morrissey joined LLR in 2004 as an Associate. Mr. Morrissey specializes in LLR's outsourced business services and financial services practices, and manages LLR's investments in BrightHeart Holdings, National Guardian Security Services and Welocalize. Prior to joining LLR, Mr. Morrissey was also an Associate at Advanta Partners.

David Stienes joined LLR in 2000 as an Analyst. Mr. Stienes specializes in LLR's healthcare and outsourced business services practices, and manages LLR's investments in Brightside Academy, Community Education Centers and The Reading Group. Prior to joining LLR, Mr. Stienes worked at Arthur Andersen, providing financial statement audits for companies across a broad range of industries.

Christian Bullitt joined LLR in 2007 as the Director of Business Development. Mr. Bullitt will focus on leading LLR's deal generation efforts, as well as marketing the firm to a broad array of intermediaries and referral sources. Mr. Bullitt previously worked as an Associate at Private Capital Research, a boutique buy-side deal sourcing firm and as Director of Communications for CMS Co., a private equity fund-of-funds.

"LLR's successes have been and continue to be dependant upon attracting and developing talent. As we continue to expand in size and scope, it's great to see people that have grown with the firm move into these important leadership positions," said Howard Ross, one of the founding Partners of LLR. "We have a great deal of faith in the capabilities and knowledge of our employees and are pleased to acknowledge their hard work and dedication. We are equally excited to welcome Christian to our team and look forward to seeing him take an active role in driving the future of LLR."

About LLR Partners Inc. (LLR)

LLR Partners Inc. is a $620 million private equity firm providing capital to middle market companies with growth potential, proven business models and outstanding management teams. LLR makes investments of $10 million to $75 million in a broad range of industries, with an emphasis on business services, healthcare, financial services and information technology. Based in the Philadelphia area, LLR seeks to create value through a variety of transactions, including buyouts, recapitalizations and expansion capital investments. For more information about LLR, please visit www.llrpartners.com.

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