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Management acquires Cydcor from parent company; Hadley Partners advises buyer and arranges acquisition financing
September 2012

Westlake Village, California (September 17, 2012) SFSP Holdings LLC, a company formed and controlled by the executive management of Cydcor, announced that it had acquired Cydcor in a private transaction. The seller is owned by private equity firms Golden Gate Capital and JP Capital Partners, and acquired Cydcor in partnership with management in 2007.

Hadley Partners served as financial advisor to SFSP Holdings, and arranged the acquisition debt financing provided by affiliates of Regiment Capital Management and THL Credit Advisors. Glaser, Weil, Fink, Jacobs, Howard Avchen & Shapiro served as lead legal counsel to SFSP Holdings, while Manatt, Phelps & Phillips served as SFSP’s tax counsel.

Founded in 1994, Cydcor is the premiere face-to-face customer acquisition company in North America. The company utilizes over 300 sales offices and a full-time professional sales force of over 3,600 throughout the U.S. and Canada. Cydcor sells on behalf of some of the leading companies in North America including AT&T, DirecTV, Direct Energy, Staples, Verizon and others.

My colleagues and I are so excited to have acquired Cydcor,” said CEO Gary Polson. “We want to thank Golden Gate Capital and JP Capital Partners for partnering with us for over five years, and we greatly appreciate that we now have the opportunity to control the company’s destiny going forward. Most of all, we want to thank our team at Hadley Partners – this transaction would not have happened without their M&A and financing efforts. We have completed two major transactions with Hadley Partners, and I have complete confidence in their experience, their judgment and their work ethic. Most importantly, they put our interests first. Even during the course of this transaction, I was able to keep my focus on the business.”

“Thank you Hadley Partners!” added Cydcor president Jim Majeski. “I co-founded this business in 1994. After 18 years of working hard to deliver results for others, my colleagues and I now have the ability to lead the company for the benefit of our clients and the 3,600+ professionals who work so hard every day to produce outstanding results. David Hadley and Cristie Sheffield helped us take advantage of this opportunity.

This announcement is for informational purposes only, and does not represent either an offer to sell securities or a solicitation of offers to purchase securities.

About Cydcor LLC (www.cydcor.com)
Cydcor is the largest provider of outsourced sales services in North America. In fact, we have been recognized as the most trusted name in customer acquisition, serving FORTUNE 500® and emerging companies since 1994. With locations throughout the United States and Canada, Cydcor is wherever our clients need us to be.

About Hadley Partners, Inc.(www.hadleypartners.com)
Founded in 1999, Hadley Partners always seeks to provide the highest-quality merger & acquisition advisory, private placement and financial advisory services. We have a world-class team of veteran bankers that bring Wall Street experience to middle-market and emerging growth companies. Our goal is to develop relationships of trust with the leaders of these companies and with investors that pursue investment opportunities in such companies. We provide our services in a fair and flexible manner, and we always put our clients’ interests first. Hadley Partners is a registered broker-dealer, and a member of the Financial Industry Regulatory Authority and the Securities Investor Protection Corporation. For more information contact David Hadley at (310) 640-7090 or hadley@hadleypartners.com

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