Company News — Whitecastle Private Equity Partners Fund LP

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Whitecastle Private Equity Partners Fund LP launches new private equity fund

TORONTO, Feb. 15 /CNW/ - Whitecastle Private Equity Partners Fund LP
("Whitecastle") launched today with more than $60 million of capital under
management. Whitecastle will invest in small to medium-sized enterprises
across key private business sectors, primarily in Canada, but also in the
northeastern United States.

The fund will target opportunities in key business sectors, including
health care services and products, financial services, and manufacturing, with
investments ranging from $5 to $25 million each. The fund's limited partners,
comprising both Whitecastle Investments Limited and some of Canada's largest
pension funds, may co-invest with the fund, significantly increasing the
amount of capital available for a single transaction.

"We at Whitecastle believe our fund fulfills a niche in the Canadian
private equity market that is currently under-serviced," said Carey Diamond,
managing director of Whitecastle. "The traditional avenues for capital are
becoming less accessible for small and medium-sized enterprises, and our
skills in helping these companies grow and prosper fill a much needed void.
Our patient time horizons, close interaction with management, and serious
focus on the investees will assist these companies in achieving their
potential."

Whitecastle was founded in 1958, having a long history of successfully
building companies and partnering with entrepreneurs.

Whitecastle Private Equity Partners Fund LP is a Toronto-based investment
fund focused on providing capital and expertise for growth and buyouts in
small and medium-sized enterprises.

We believe that investing capital in good businesses and partnering with
talented entrepreneurs who share our values leads to thriving and successful
industry leaders. We value integrity, hard work, and teamwork. At Whitecastle,
our history is of economic success, but our legacy is of integrity. For more
information about Whitecastle and its portfolio of companies, please visit our
website, www.whitecastle.ca.

For further information: or to set up an interview: Jane Widerman
Auster, Jane Widerman Communications Inc., (416) 534-9888

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