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Monday, January 08, 2007

NEP Broadcasting, LLC Announces New Equity Investment by American Securities Capital Partners, LLC

NEP Broadcasting, LLC Announces New Equity Investment by American Securities Capital Partners, LLC

PITTSBURGH, Jan. 8 /PRNewswire/ -- NEP Broadcasting, the leading international provider of outsourced teleproduction services critical to the delivery of live sports and entertainment events, today announced that American Securities Capital Partners, LLC will acquire a majority equity interest in the company from Apax Partners, LP and Spectrum Equity Investors. The new investment capital will enable the company to expand its domestic and international market leadership with strategic acquisitions and continue the company's aggressive investment program in high definition technology. NEP's executive management team continues to lead the company and is investing in partnership with American Securities.

NEP Broadcasting's four divisions are ranked first in each of their respective industry segments. NEP Supershooters and its Denali unit is the industry gold standard with the largest, most technically advanced fleet of mobile production facilities supported by world class broadcast engineers. In the United Kingdom, NEP Visions and Roll To Record are the leaders in sports and entertainment mobile broadcasting and reality television facilities respectively. NEP Screenworks is the foremost provider of modular LED screens and mobile screen trucks for live entertainment and sports events. NEP Studios is the #1 provider of independent television production studios and services in New York City.

NEP provides management, technology and support for major broadcast networks, production companies and entertainment organizers for events such as the Super Bowl, The Academy Awards, English Premier League Football, Emmy Awards, The Daily Show with Jon Stewart, Olympic Games, NASCAR, Asian Games, WWE Wrestling, FIFA World Cup, Wimbledon and French Open Tennis, Grammy Awards, US and British Open Golf and The Rolling Stones.

More information on NEP Broadcasting can be found at www.nepinc.com.

Bear, Stearns & Co. Inc. acted as financial advisor to NEP in the transaction.

About American Securities Capital Partners, LLC:

American Securities is a private investment partnership that makes equity investments in profitable companies, both privately and publicly held, primarily located in the United States and Canada. The firm traces its roots to the family office founded in 1947 by William Rosenwald to invest and manage his share of his family's Sears, Roebuck & Co. fortune.

American Securities focuses on investing in market-leading businesses with annual revenues ranging between $100 million and $500 million in partnership with management teams. Investments are funded from nearly $2 billion of committed capital, which is managed on a discretionary basis. The Rosenwald Family, numerous similarly minded high net-worth families and entrepreneurs, and a select number of sophisticated institutional investors provide the firm's capital. More information on American Securities can be found at www.american-securities.com.

About Apax Partners:

Apax Partners is one of the world's leading private equity investment groups. It operates across the United States, Europe, Israel and Asia and has more than 30 years of investing experience. Funds under advice of Apax Partners total $20 billion around the world. These Funds provide long-term equity financing to build and strengthen world-class companies. Apax Partners Funds invest in companies across its global sectors of Tech & Telecom, Retail & Consumer, Media, Healthcare and Financial & Business Services. More information on Apax Partners can be found at www.apax.com.

About Spectrum Equity Investors:

Spectrum Equity Investors is a private equity firm focused on investments in established service companies. Founded in 1994 and based in Boston and Menlo Park, Spectrum has over $4 billion in capital under management. Portfolio companies include AMC Entertainment, Apprise Media, CBD Media, Classic Media, Eutelsat (Euronext: Etl.pa), Patriot Media and Communications, and RiskMetrics Group. More information on Spectrum Equity Investors can be found at www.spectrumequity.com.

First Call Analyst:
FCMN Contact:

Source: NEP Broadcasting, LLC

CONTACT: Terence Brady of NEP Broadcasting LLC, +1-412-820-6030; or Marc
Saiontz of American Securities Capital Partners LLC, +1-212-476-8082; or Peter
Jeton of Apax Partners, LP, +1-212-419-2417; or Kathy Yager of Spectrum Equity
Investors, +1-617-464-4600

Web site: http://www.nepinc.com/
http://www.american-securities.com/
http://www.apax.com/
http://www.spectrumequity.com/

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