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EdgeStone Capital Partners completes US$199 million acquisition of operating business of Custom Direct Income Fund

Fasken
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Client

Genuity Capital Markets

On June 14, 2007, EdgeStone Capital Fund III (Canada) L.P. ("EdgeStone") and Custom Direct Income Fund (the "Fund") announced that EdgeStone had completed its indirect acquisition of Custom Direct LLC, the Fund's operating business. With the completion of the acquisition, the Fund's unitholders will receive $10.20 per unit of the Fund (subject to applicable withholding taxes), payable in cash upon redemption of their units, for total consideration of approximately $199 million. Genuity Capital Markets acted as financial advisor to the Fund, and was advised in this transaction by Jon Levin and Sean Stevens of Fasken Martineau.

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