Examples of current and past investments by M&P-- Celebration Events Celebration Events is a platform company established in 2006 in the fast-growing party-rental field. Its plan is to become the premier company of its kind in New England, serving the needs of caterer, party planners, institutions, and individuals by providing ‘one-stop shopping’ for everything from tents to linens to table settings. The Company’s first acquisition was Woburn, MA-based Festive Occasions (http://www.festiveoccasions.com), completed in March 2006. It plans to expand both through internal growth and through other, select acquisitions in its market area. Mosaica Education Inc. Mosaica Education Inc. (www.mosaicaeducation.com) is one of the nation's leading education management companies specializing in the management of K-8 charter schools and supplemental educational services. MEI brings the benefits of competition and private sector efficiency to the public school system. Mosaica currently manages 34 charter schools in nine states, provides supplemental services to approximately 2,300 in eight states, and develops and operates schools for the government of Qatar. In August 2001, Mosaica acquired Boston-based Advantage Schools, an acquisition doubled the size of the Company. Total revenue is approximately $125 million; Mosaica is cash-flow positive and profitable. NB Education NB Education, LLC, is a platform company established in 2004 to acquire and manage post-secondary, degree- and certificate-granting educational institutions. The post-secondary education industry has benefited from the public's increased recognition of the value of post-secondary education and continuing education. For-profit schools are selling "careers" as much as "education." Their mission is to ensure that students will be rewarded with well-paying jobs when they graduate. NB Education acquired IntelliTec Medical Institute in Colorado Springs on November 10, 2006 (http://www.intellitecmedical.com) and is actively negotiating to acquire several other post-secondary schools. Ruxton Health Care Inc. Ruxton was a platform company created to purchase and manage long-term healthcare facilities. Long-term care providers serve the fastest growing segment of the population - the elderly, aged 65 and over. Ruxton  focused on acquiring and/or managing facilities in which the occupancy and cash flow could be increased. Founded in 1998, Ruxton grew significantly in size and value over the following four years, owning or managing nine facilities. M&P sold its interest in Ruxton to Ruxton's management team. M&P worked with management to assist in structuring and negotiating terms of the financing for the buyout. The all-cash sale yielded an overall return of 62 percent and a gross internal rate of return of 18 percent. Little Tornadoes Inc. Little Tornadoes was an Internet services firm specializing in web development and consulting with expertise in front-end design and back-end applications. It serviced the Information Technology needs of its clients within the Internet environment. The Company's development capabilities included strategic analysis and implementation, graphic design and HTML, information architecture and design, custom content management environments, database development and integration, site building, intranet and extranet development, and personalization and security applications. Little Tornadoes was acquired by a larger, publicly-traded company in January 2004. American Higher Education Development Corp. AHED was a platform company established to acquire and manage post-secondary, degree- and certificate-granting educational institutions. The post-secondary education industry has benefited from the public's increased recognition of the value of post-secondary education and continuing education. For-profit schools are selling "careers" as much as "education." Their mission is to ensure that students will be rewarded with well-paying jobs when they graduate. AHED purchased it first school, Stautzenberger College in Toledo, Ohio in October 1999 and grew quickly thereafter.  It was successfully sold in August 2004, generating an internal rate of return to M&P’s investors of 25 percent. Calendar Broadcasting, Inc. and June Broadcasting, Inc. Calendar and June were broadcasting holding companies formed to purchase, own, operate and manage radio stations. Calendar and June successfully implemented their strategies to acquire radio stations in medium-sized markets. Management was able to significantly increase revenue and cash flow at each station, thereby enhancing the value of the stations. Calendar purchased WBLX-AM/FM in Mobile, Alabama in October 1990; KBFM-FM in McAllen-Brownsville-Harlingen, Texas in July 1991; KTEX-FM & KVJY-AM in McAllen-Brownsville-Harlingen, Texas in June 1995; and WDLT-FM, Chickasaw (Mobile), Alabama in October 1997. June purchased WXBM-FM, Pensacola, Florida in January 1993 and WNNK-AM/FM, Harrisburg, Pennsylvania in May 1993. June sold its radio stations in Harrisburg and Pensacola to Patterson Broadcasting in March 1996. Calendar sold KVJY-AM, McAllen-Brownsville-Harlingen, Texas to a minority broadcaster in November 1998. In November 1999 the remaining Calendar stations in Mobile, Alabama and McAllen-Brownsville-Harlingen, Texas were sold to Cumulus Media. Legend Medical Services, Inc. Legend was created in 1990 to purchase and manage long-term care facilities. Legend acquired three skilled nursing facilities in Pennsylvania, Ohio and Indiana. Legend's assets were ultimately sold for cash to Mariner Health Care Corporation in June 1994. The first facility it acquired, in Corapolis, Pennsylvania, experienced an 81% improvement in operating profit during Legend's three-year ownership. The second acquisition, in Fort Wayne, Indiana, experienced a 43% operating profit improvement in two years. The third acquisition in Toledo, Ohio, demonstrated an 83% operating profit improvement in one year under Legend. National Mobile Television, Inc. National Mobile Television is the largest independent mobile television production company in the United States. NMT operates a fleet of 42 large tractor-trailers and smaller trucks, which are essentially TV studios on wheels. The trucks provide facilities and services for telecasting live events. Headquartered in Los Angeles, with branch offices and field shops in New Jersey, Seattle, Houston, Orlando, St. Louis, Hawaii, and Europe, NMT annually provides remote broadcast facilities and crews for over 7,000 sporting and entertainment events. NMT, originally a division of King Broadcasting, Inc. ("King"), grew through a series of acquisitions from a two-truck operation serving the Seattle market to a ten-truck firm. On January 31, 1992, M&P joined with Steven Clifford, then the President and CEO of King, to complete the management buyout of NMT. M&P worked with management to successfully handle the transition from a division of a large broadcaster to a stand-alone entrepreneurial company in 1992 and then consolidated two major acquisitions in 1993 and a smaller acquisition in 1994. The seasonality of the original West Coast business, with a much heavier concentration in football, hockey and basketball than in warmer weather sports, was eliminated with the addition of the businesses of Multimedia Video Productions Inc., LFI Mobile, Inc., LFI Productions, Inc. and KWGN, Inc. that had significant baseball and golf telecasting businesses. Major customers include CBS, ABC, ESPN, Prime Ticket, Sports Channel Pacific, Bud Sports, WCCO, WTBS and Raycom. NMT grew to more than two and one-half times as large as its biggest competitor. NMT was sold in a leveraged recapitalization transaction in 1997. Pacific Publishing Equities, Inc. Pacific Publishing is engaged in the businesses of publishing community newspapers and commercial printing in the Seattle, Washington area. PPEI publishes nine community newspapers - seven weeklies and two monthlies. In addition, Pacific Publishing does commercial printing for approximately two hundred fifty other Seattle area publications. M&P established Pacific Publishing in 1990. That year it acquired Murray Publishing Company and Flaherty Newspapers, Inc., which were engaged in the business of publishing community newspapers and shoppers and commercial printing in Seattle. All of the publications had long histories, the majority dating back to the early part of the century. In early 1992, the Company expanded by acquiring the Kirkland Courier and the Sammamish Valley News. M&P sold its interest in the Company in 2005.