July 9, 2007

Castanea Partners Completes Sale of Decision Resources to Providence Equity Partners

Castanea Partners announced today the sale of Decision Resources, Inc. to Providence Equity Partners. Decision Resources is one of the world’s leading research and advisory firms focused on pharmaceutical and healthcare issues. In late 2003, Castanea purchased Decision Resources, in partnership with Boston Ventures Management LLC.

For almost three decades, Decision Resources has provided in-depth research on the trends, emerging developments, and market potential in the healthcare industry. The company leverages its highly educated staff and access to industry thought leaders to offer an array of market leading research publications, data, and advisory services. Decision Resources provides critical insights driving business decisions and commercial success within the biopharmaceutical, managed care, medical device, and financial markets.

“Since Peter Hoenigsberg left Castanea Partners to become CEO of Decision Resources, he and his team have done an outstanding job of accessing new markets and customers by building on the company’s insightful, value-added health care information assets with targeted product development and acquisitions. We wish him and his staff a successful journey ahead” said Robert Smith, co-managing partner of Castanea Partners.

During its ownership of the company, the Castanea team worked alongside management to expand into additional industry verticals and provided strategic advice in identifying potential targets, resulting in the acquisition of two complementary businesses. At the end of 2004, the company acquired HealthLeaders, and became the country’s leading managed care provider. In early 2006, Decision Resources acquired Millennium Research Group, the leading provider of market research and usage data for the medical device industry.

About Castanea

Castanea is a private equity firm that works in partnership with founders and management teams of innovative passion brands to grow their businesses through a combination of capital investment and operating expertise. We are focused on select consumer verticals including beauty, food and beverage, multi-unit services, and enthusiast lifestyle. We typically invest between $15 to $150 million of equity in minority or majority transactions. Our team of talented operating executives offers critical expertise in key verticals and functional areas, and provides our partner companies with strategic and tactical support. Castanea has more than $1 billion in assets under management and is currently investing from a $735 million fourth fund. For more information about Castanea Partners read our story.

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