Catalina Lighting Bankruptcy - PDF

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					                                                                     Contact: Derek A. McDowell
                                                                     Boyne Capital Partners, LLC
                                                                                  (305) 856-9500
FOR IMMEDIATE RELEASE

                     BOYNE CAPITAL PARTNERS, LLC ACQUIRES
                            CATALINA LIGHTING, INC.

MIAMI, FL – (April 13, 2010) Boyne Capital Partners, LLC (“Boyne”) announced that its
affiliate, Evolution Lighting, LLC, has acquired the assets of Catalina Lighting, Inc. (“Catalina”
or the “Company”) through a section 363 asset sale under chapter 11 of the bankruptcy code.

Catalina, headquartered in Miami, Florida, is a designer, marketer, and distributor of a broad line
of consumer lighting products. Serving the United States and Canada, the Company has some of
the most recognizable brands in the industry, such as Catalina™, Dana™, Illuminada™,
VisionMax™, and Tensor®. The Company’s customers include Do-It-Yourself home centers,
national retail chains, office superstore chains, mass merchandisers, warehouse clubs, discount
department stores, and hardware stores. Catalina serves many of the major retailers (e.g. Lowe’s,
Wal-Mart, Bed Bath & Beyond, Rona, Staples, etc.) in the United States and Canada. The
Company prides itself on style, technology, and, as an Energy Star partner, energy efficiency.

Cory Meyer, Catalina’s CEO stated, “As we look to grow the business, Boyne’s considerable
experience in the consumer products arena will accelerate our growth and the realization of our
business plan. Aligning ourselves with a proven financial partner such as Boyne provides a solid
foundation to promote our growth well into the future.”

Derek McDowell, Boyne’s Managing Partner stated, “We are excited about the acquisition of
Catalina. We were impressed with the strength of the management team as well as its market
position. We viewed Catalina as the classic ‘good company with a bad balance sheet’.”

Cole Taylor Bank provided the senior debt financing for the transaction. White & Case, LLP
advised Evolution Lighting in the transaction.

Boyne is a private equity firm focused on acquiring companies generating between $2 million and
$10 million of cash flow, founded by Derek McDowell and James Malone. Since its founding in
2006, Boyne Capital has established platform investments in the consumer product, healthcare,
niche manufacturing and financial services industries. Boyne Capital is currently investing
Boyne Capital Fund I, LP. Prior to co-founding Boyne Capital, Derek McDowell spent eight
years as a partner with Trivest Partners, where he helped raise and manage Trivest Fund III, a
$316 million fund. Prior to co-founding Boyne Capital, Mr. Malone founded Qorval, LLC, a
Florida-based crisis management firm, serving the private equity and hedge fund communities. In
addition, he has served as an operating partner for Rhone Capital, a mid-market buyout fund and
as President and CEO for companies with combined annual revenues in excess of $11 billion.

For more information, please visit www.boynecapital.com and www.catalinalighting.com.

				
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