International Resources, L.L.C.
Northbrook, IL

Subordinated Debt: $2,600,000 | Date: 11/98 | Leveraged Buyout

Founded in 1991, International Resources, L.L.C. designs, contract manufactures, markets, and sells collectibles, primarily during the Christmas selling season, under the trademarked names of “Liberty Falls” and “International Santas.” International Resources sells its products through over 800 stores in 45 states.

Brown Plastics Machinery, L.L.C.
Beaverton, MI
www.brown-machine.com

Subordinated Debt: $10,000,000 | Date: 12/98 | Leveraged Buyout

Brown Plastics Machinery, L.L.C. initially was a consortium of five disparate companies, all involved in the manufacture and rebuilding of plastics industry machine tools. Since the acquisition of the companies, three have been sold. Of the remaining two, the larger is Brown Machine a manufacturer of rotary thermoforming equipment used to produce a wide variety of plastic goods ranging from disposable plates to gas tanks. The smaller is EPCO, a contract rebuilder/refurbisher of machine tools.

Paramount Cards Holding Corp.
Pawtucket, RI

Subordinated Debt: $5,000,000 | Preferred Stock: $2,000,000 | Common Stock: $60,000
Date: 4/99 | Leveraged Buyout

Paramount Cards, Inc. is a publisher of greeting cards located in Pawtucket, Rhode Island. The Company distributes its cards primarily through deep discount card shops, including its own chain of stores known as Card$mart (62 licensee and 5 company-owned stores), party stores and other discount retail channels. It is the fifth largest card maker in the U.S., behind Hallmark, American Greetings, Gibson and Recycled Greetings, Inc. The Company specializes in more traditional premium quality cards that retail at prices 50% or more below the printed price on the card.

Antiqueland USA, Inc.
Austin, TX

Subordinated Debt: $2,875,000 | Preferred Stock: $2,760,000 | Common Stock: $115,000
Date: 6/99 | Growth Capital

Founded in 1998, AntiqueLand USA is the nation’s first consolidator of large antique malls. At the time of Peninsula’s investment AntiqueLand operated 7antique malls including five in Texas, one in Kansas, and one in Indiana. AntiqueLand’s strategy is to buy large (25,000 - 100,000 sq. ft.) operating antique malls and then professionally manage the stores for maximum profitability.

Nelson Metal Products Corporation
Grandville, MI

Subordinated Debt: $10,000,000 | Date: 8/99 | Growth Capital

Nelson Metal Products Corporation is a full-service supplier of medium and large aluminum die castings. Headquartered in Grandville, Michigan, the Company supplies, on a Tier 1 basis, parts to Ford and GM. The parts are generally large and/or complex castings such as transmission cases, oil pans and engine bedplates as well as front-end accessory drive brackets (“FEAD”). The Company has two productions centers located in Grandville and Glasgow, Kentucky.

Foodhandler, Inc.
Westbury, NY

Subordinated Debt: $4,000,000 | Common Stock: $1,000,000 | Date: 10/99 | Leveraged Buyout

Headquartered in Westbury, New York on Long Island, Island Poly offers a full line of disposable barrier protection products aimed at the food service and health care industries. Founded in 1969, the Company has evolved from a limited product line distributor to a branded product and food safety service company. Island Poly sells primarily to large distribution companies. Its product lines include disposable gloves, plastic aprons, industrial (durable) gloves and paper hairnets.

Cass Polymers, Inc.
Oklahoma City, OK

Subordinated Debt: $4,250,000 | Date: 11/99 | Growth Capital

Headquartered in Oklahoma City, Oklahoma, Cass Polymers is a specialty chemical manufacturing company that produces several lines of commercial, industrial and military floor coatings as well as a line of resins, adhesives and fillers for the automotive, yachting and industrial tooling markets.

FNF Construction, Inc.
Tempe, AZ
www.fnfinc.com

Subordinated Debt: $10,000,000 | Date: 11/99 | Leveraged Buyout

FNF Construction Company is an infrastructure-construction company, specializing in asphalt/rubberized-asphalt paving and to a lesser degree, structural concrete building, highway/airport runway painting, and drainage/storm-water system construction. Over the past decade, the Company has expanded its capabilities and market share to the point that it is now the dominant infrastructure construction company in the state of Arizona and is regarded as one of the leading such firms in the Southwest. The Company generally serves as the prime contractor for public sector customers such as federal, state and local governmental authorities in the states of Arizona, Colorado, Nevada, Utah, New Mexico and to a lesser degree in Southern California.

Plast-O-Foam, L.L.C.
Warren, MI

Subordinated Debt: $2,500,000 | Preferred Stock: $1,000,000 | Date: 1/00 | Leveraged Buyout

Founded in 1981, Plast-O-Foam, L.L.C. is a producer of injection molded service parts(i.e. post production parts) for the automotive industry, where the majority of its business is Tier 1 to General Motors Corporation and Ford Motor Company. The Company has over 400 tools in its system, about 200 of which are active in any given year. Plast-O-Foam’s expertise includes its ability for rapid tool changeover, efficient use of a wide variety of resins, and tool management. The Company is approximately 40% “shoot-and-ship” and 60% valued-added. Value-added parts include painting, plating, and assembly. All painting and plating is outsourced to third parties.

Alsay Holdings, Inc.
Houston, TX

Subordinated Debt: $5,500,000 | Date: 3/00 | Leveraged Buyout

Founded in 1977, Alsay specializes in drilling and servicing water wells for both the public and private sectors. Water well servicing and drilling is a very regional business and all of Alsay’s work is within a 100 mile radius of Houston. Alsay is the largest water well drilling and servicing company in the Houston market. It has more rigs than any other competitor and an unsurpassed knowledge of local geology, regulatory issues and industry contacts.

Delafoil Holdings, Inc.
Pottstown, PA

Subordinated Debt: $9,000,000 | Common Stock: $1,000,000 | Date: 3/00 | Leveraged Buyout

Headquartered in Pottstown, PA, Delafoil is a deep-draw stamper, manufacturer and assembler of parts for large-screen (19" and over) televisions. Founded in 1979, the Company has grown from a small deep-drawn stamper selling primarily to Philips to a sole-source supplier of critical parts to most of the major television manufacturers with North American production facilities.

Communications Integrators, Inc.
Mesa, AZ
www.ciinet.com

Subordinated Debt: $4,250,000 | Date: 6/00 | Recapitalization

Founded in 1988, Communications Integrators, Inc. designs and manufactures quick-connect power components (ie. outlets) for the office furniture industry. The Company’s products are generally used in modular furniture system applications and provide a broad range of benefits to customers versus traditional “raceway” type power systems including lower cost, faster installation, easier reconfiguration, and improved safety for installers. CII’s products are sold exclusively through office furniture dealers, with the majority being Steelcase dealers.

Riva Sports, Inc.
Rockville, MD

Subordinated Debt: $2,000,000 | Preferred Stock: $2,000,000 | Date: 6/00 | Growth Capital

Riva Sports, Inc., founded in 1997 and headquarterd in Rockville, MD, is a privately-held developer and marketer of affordable winter recreation and sporting goods products designed primarily for children and teenagers. Riva outsources all of its manufacturing to U.S. plastic molders. Riva’s two current product offerings, snowboards and sleds, are sold through a number of blue chip retailers.

Holm Industries, Inc.
Scottsburg, IN

Subordinated Debt: $21,000,000 | Date: 6/00 | Leveraged Buyout

Holm Industries, Inc. is a market leader in the manufacture of gaskets and corrugated plastic tubes for the appliance, building products and automotive industries. Headquartered in Scottsburg, Indiana, it is the largest supplier of refrigerator gaskets and corrugated tubing for the appliance industry in North America. In addition, the Company is a leader in the market for weatherstrip used in the building products industry. Holm has two primary product lines; extruded plastic sealing products (gaskets, weatherstrip, etc.) and corrugated tube. Its extruded products are made in five plants located throughout the Midwest and one plant located in Tijuana, Mexico.

Century Foods International
Sparta, WI

Subordinated Debt: $10,000,000 | Date: 8/00 | Growth Capital

Founded in 1991, Century Foods International is a formulator, blender, and marketer of dairy ingredients to the food and nutritional products industries. The Company operates out of five plants located in and around Sparta, Wisconsin. Century’s core business is the formulation (recipe creation) and blending of dry milk ingredients (and flavors, colors, etc.) used by hundreds of food and sport nutrition (whey protein drinks and bars) companies as both raw materials in their production and finished goods packaged by Century for shipment to retailers.

Omni Remanufacturing, Inc.
Minneapolis, MN

Subordinated Debt: $8,000,000 | Date: 9/00 | Recapitalization

Founded in 1981, Omni Remanufacturing Inc. is engaged in the remanufacture, configuration, installation, relocation, and storage of office furniture, an overwhelming majority of which is Steelcase product. Omni operates its business in two autonomous, but highly synergistic, divisions. Through its Revest Midwest division, the Company is an exclusive provider of remanufactured Steelcase furniture to all Steelcase dealers in an eight state Midwestern region. Omni’s other division, A&M, specializes in the configuration, delivery, installation, relocation, warehousing, and service of office furniture workstations. A&M has, for over 14 years, assumed the role of providing 100% of the service operations for one of Steelcase’s largest and most successful dealerships.

Specialized Packaging Group, Inc.
Hamden, CT

Subordinated Debt: $12,000,000 | Date: 9/00 | Growth Capital

Specialized Packaging Group, Inc. is a certified minority owned converter of box-board into packaging for consumer products companies such as Proctor & Gamble, Unilever, and Colgate-Palmolive. The Company operates two state-of-the-art plants that are capable of producing a wide variety of packaging and graphics. The Company has developed a reputation for its ability to produce technically challenging packaging solutions for its customers.

Cloud Packaging Solutions, L.L.C.
Des Plaines, IL

Subordinated Debt: $3,000,000 | Date: 10/00 | Leveraged Buyout

Cloud Packaging Solutions, L.L.C., based in Des Plaines, IL, is a high-speed, high-volume contract packager of food stuffs, such as, powders (coffee, sugar, powdered drinks), granular products (ready serve oatmeal, granola) and small pieces (macaroni, gummi bears, candies). Cloud is also a designer and manufacturer of high speed form fill/seal (FFS) packaging machinery and related equipment primarily for food companies. Recently, Cloud acquired SPAN Contract Packaging, Inc., a contract packager serving the OTC pharmaceutical industry.