John Novak Joins Paine & Partners as Principal

SAN FRANCISCO, NEW YORK and CHICAGO, Jan. 19 /PRNewswire/ -- Paine & Partners, LLC ("Paine & Partners") today announced that John Novak has joined Paine & Partners as a Principal in the firm's Chicago office. Mr. Novak will work both on new investment opportunities and with management teams of existing portfolio companies.

"We are pleased to welcome John to Paine & Partners," said Kevin Schwartz, a Partner of Paine & Partners and head of the firm's Chicago office. "His experience and expertise in finance and private equity make him an asset to our team and we look forward to his contributions in creating value for our portfolio companies and our limited partners."

Mr. Novak most recently served as Vice President at Swander Pace Capital LLC, a private equity firm focused on investing in manufacturers, marketers and distributors of consumer products, where he worked in various capacities since 2004. From 2001 to 2004, Mr. Novak worked on a number of transactions as an investment banking analyst in the Consumer & Retail Group at Banc of America Securities LLC. Previously, he worked as a capital markets analyst at Wachovia Securities, Inc. Mr. Novak earned a Bachelor of Arts in Economics from Vanderbilt University.

About Paine & Partners, LLC

Paine & Partners provides equity capital for management buyouts, going private transactions, and company expansion and growth programs. Paine & Partners engages exclusively in friendly transactions developed in cooperation with a company's management, board of directors, and shareholders. Since it was established in 1997, the firm has executed 18 platform investments and 63 add-on acquisitions, representing a total enterprise value of USD $6.5 billion.  For further information, see www.painepartners.com.

SOURCE Paine & Partners, LLC

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