Equinox Capital, Inc. Announces First Closing of Private Equity Fund and Awarding of SBIC License

GREENWICH, CT – (May 13, 2004) Equinox Capital, Inc., a Connecticut-based manager of private equity, today announced the first closing of Equinox Capital III, L.P., a private investment partnership.  Established in 1998, Equinox specializes in making equity and equity-related investments in lower middle-market businesses.  Equinox primarily targets companies with enterprise values in the range of $10 to $50 million, a history of operating profitability and strong growth prospects.  Equinox seeks investment opportunities where it can partner with existing management teams that are committed to successfully growing their business.

Additionally, Equinox Capital, Inc. announced that Equinox Capital SBIC, L.P. received final approval from the United States Small Business Administration (the “SBA”) to operate as a Small Business Investment Company.  Equinox Capital III, L.P. and the SBA are the sole limited partners of Equinox Capital SBIC, L.P.

Steven Rodger, Managing Partner of Equinox, said, “We are pleased with the SBA’s decision to grant us a license and excited to begin investing the fund's capital.  The receipt of our license from the SBA further validates our investment strategy which targets investments in small to medium sized businesses in the United States.”

Equinox Capital, Inc., a private investment firm, is a leading provider of equity for lower middle-market corporate acquisitions, recapitalizations and growth capital financings.  Equinox manages approximately $75 million in committed capital and is licensed as a Small Business Investment Company by the United States Small Business Administration.  For further information, please contact Steven C. Rodger at 203-622-1605 x12, or visit the corporate website at www.equinox-capital.com.
    
Source: Equinox Capital, Inc.