Castanea Partners Announces Promotion And New Hire

Troy Stanfield Named Partner and Andrew Collina Joins Firm as Principal of Marketing and Business Development

Newton, MA – January 14, 2008 - Castanea Partners, a middle market private equity firm that invests in small and middle market companies in publishing, information services, education,  training, consumer brands , specialty retail, and marketing services, announced today the promotion of Troy Stanfield to Partner and the hire of Drew Collina as Principal of Marketing and Business Development.

Troy joined Castanea in 2002 from Bain & Company, a leading worldwide management-consulting firm. While at Bain, Troy served clients in the information services, consumer products, transportation, and manufacturing industries. Prior to his experience at Bain & Company, Troy was an investment professional at the private equity firm Berkshire Partners. His experience at Berkshire included investment evaluations across a wide spectrum of industries and closed transactions in the business services and consumer products industries. Troy received his MBA from Harvard Business School and his B.S. in Commerce with concentrations in Finance and Management from the University of Virginia.

Drew Collina joins Castanea Partners as a Principal with over 10 years of investment banking experience.  He will be primarily responsible for coordinating Castanea’s business development and acquisition origination activities. Prior to joining Castanea, Drew was Director of New Business Development at EMC Corporation (NYSE: EMC) in the Corporate Development and Mergers & Acquisitions Group.  Previously, Drew worked for the Global Investment Banking Group of RBC Capital Markets following its 2001 acquisition of Tucker Anthony Sutro, where he specialized in middle market mergers & acquisitions transactions.  Prior to RBC, Drew was a member of the Mergers & Acquisitions Group at BancBoston Robertson Stephens and previously, the financial advisory and auditing divisions of Coopers & Lybrand, LLP. Drew received his B.A. from Brown University and MBA from Boston University.

About Castanea Partners
Founded in 2001, Castanea has extensive operating and private equity investment experience and, working closely with management, seeks to optimize business performance and realize attractive returns. Castanea participates in traditional management buyouts, sales of private companies, industry consolidation opportunities, growth and acquisition equity, and operationally challenging situations. The firm is currently investing from its third fund, a $575 million fund that targets companies with enterprise values up to $150 million.

More information on Castanea Partners is available at www.castaneapartners.com.

Contact
Marion Schouten
Director, Market Development
617-630-2420
mschouten@castaneapartners.com

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