LBO-Backed Bankruptcies In 2010 [peHUB.com] www.pehub.com Company Date Filed Sponsor(s) Year of Purchase/Deal Value Atrium Cos. January 20 Kenner & Co. / Golden Gate Capital 2003/$700 million Uno Restaurant Holdings January 20 Centre Partners Management LLC 2005/$780 million Corp. Spheris Inc. February 3 Warburg Pincus LLC / TowerBrook 2004 Capital Partners LP Penton Business Media February 10 MidOcean Partners / Wasserstein & Co. MidOcean paid $500 million Holdings Inc. for a 50% stake in 2007 / Wasserstein invested in 2006 Willcom Inc . February 18 Carlyle Group 2004 Electrical Components March 31 Francisco Partners 2007 International Inc As of March 31, 2010 Source: peHUB and Buyouts research. Fund(s) Equity Invested Sector/Business Assets Liabilities Description Undisclosed At least $260 Windows and patio doors Up to $5 $500 million million from maker. million to $1 billion Kenner & Co. Centre Capital Investors IV LP Undisclosed Owns and franchises a $144.6 million $171.8 million pizza restaurant chain. as of Sept. 27, as of Sept. 27, 2009. 2009. Warburg Pincus Private Equity VIII Undisclosed Provides hospitals with Undisclosed Undisclosed document services. MidOcean Partners III LP / US Equity Undisclosed Magazine publisher. $841 million, $1.13 billion, Partners II as of Nov. 30, as of Nov. 30, 2009 2009. Carlyle Asia Partners / Carlyle Japan $205.82 million Provides mobile phone and Undisclosed Y206 billion Partners / Carlyle Partners III wireless data services. ($2.3 billion) in debt. Francisco Partners II LP $75 million Manufacturer of electrical $100 million $100 million wire harnesses for to $500 to $500 appliances and machinery. million million Reasons Cited Updates Hurt by the difficult environment of the last three years. Keener & Co and Golden Gate will invest $125 million in new capital. The company also secured $40 million in DIP financing. Hurt by slumping sales and increased cost of ingredients. The company received $52 million in debtor-in-possession financing through existing senior lender Wells Fargo. The company was receiving lower fees for services because of The company agreed to sell US business to MedQuist Inc. for increased competition and new technologies within its $75.25 million. industry. Struggling with lower advertising spending and incrased The sponsors will receive between 29.2 percent and 46.3 competition from digital media. percent of the stock in the reorganized company. Hurt by debt and competition. Filing will wipe out Carlyle's 60 percent stake in the Japanese company. Undisclosed. The filing will wipe out the firm's equity stake.