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Castanea Partners Expands Investment Team

Newton, MA – October 22, 2004 - Castanea Partners, a private equity investment firm focused on small to mid-market companies in the publishing, education, branded consumer products and specialty retail sectors, announced today that it has added a number of private equity and operational professionals to its team.

Joining the investment team as an Associate is Suzanne M. Obenshain, who recently joined the firm from Harvard Business School where she graduated with distinction. Suzanne brings to Castanea investment experience from Silver Lake Partners, a private equity investment firm with $3.6 billion under management, where she was an associate. Suzanne was also an investment professional with Morgan Stanley Capital Partners.

Also added to the investment team are Analysts Nishant Nayyar and Eurie Kim. Nishant joined Castanea Partners from Bain & Company, a leading strategy consulting firm, where he advised clients in the pharmaceuticals, industrial goods and manufacturing sectors in the United States and Singapore. Nishant also spent significant time in Bain & Company’s private equity consulting group advising clients on a variety of investment opportunities.

Eurie also joined Castanea Partners from Bain & Company where she advised corporate clients in various industries including retail, consumer products, test and measurement services, and technology sectors. Additionally, Eurie consulted in Bain’s private equity practice, advising clients on investments in enterprise software and storage, small-market media, offshore IT services, and managed care organizations.

Colleen Love and Marion Schouten recently joined Castanea as Chief Financial Officer and Director, Market Development & Investor Relations, respectively. Prior to Castanea, Colleen was Chief Financial Officer at IPeria, Inc., a provider of enhanced communications to the telecom industry. Colleen’s previous experience includes Harcourt General Inc. and The Neiman Marcus Group where she was Director of Financial Reporting.

Marion joined Castanea from Flagship Ventures, an entrepreneurship and venture capital firm, where she was Vice President Marketing Communications. Prior to Flagship Ventures, Marion was Vice President of Marketing for the Technology & Life Science Division at Imperial Bank (now Comerica Bank).

For more information about Castanea Partners, visit www.castaneapartners.com.

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