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4th Quarter 2007
 
 
 
 
 

Mezzanine And Private Equity Investment Quarterly News
 
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Hartford Investment Management Company's Mezzanine and Private Equity Group
announces the recent completion of the following mezzanine and private equity transactions:
   

Hettinger

$1.1 million follow-on investment in senior subordinated notes

  The Mezzanine and Private Equity Group announces that it has made a $1.1 million follow-on investment in senior subordinated notes of Hettinger, L.L.C. (“Hettinger") to help finance an acquisition. Hettinger constructs and maintains pipelines, compressor stations and other gas processing facilities for blue chip customers throughout the Rocky Mountains.
 

Kinder Morgan

$11.8 million co-investment in equity interests

 

The Mezzanine and Private Equity Group announces that it has made an $11.8 million co-investment along side of an affiliate of AIG Highstar Capital in the equity interests of Knight, Inc. (formerly Kinder Morgan, Inc.) (“Knight”). Knight is one of the largest energy transportation, storage and distribution companies in North America. It owns an interest in or operates approximately 41,000 miles of pipelines that transport primarily natural gas, crude oil, petroleum products and CO2, and more than 155 terminals which store, transfer and handle products like gasoline and coal. Knight also owns the general partner interests of Kinder Morgan Energy Partners, LP (NYSE: KMP), one of the largest publicly traded pipeline limited partnerships in the United States.

   

Michigan Orthopedic Services

$5.25 million in senior subordinated notes and equity interests

The Mezzanine and Private Equity Group announces that it has invested $5.25 million in senior subordinated notes and equity to support the recapitalization of Michigan Orthopedic Services, L.L.C. (“Michigan Orthopedic”) by Huron Capital Partners LLC. Michigan Orthopedic is a full service provider of orthotic and prosthetic services and products to lower Michigan. Through six patient care facilities, Michigan Orthopedic services approximately 9,000 patients annually.
     
 

Sadler's Smokehouse

$15.1 million in senior subordinated notes and equity interests

  The Mezzanine and Private Equity Group announces that it has invested $15.1 million in senior subordinated notes and equity interests to support the acquisition of Sadler’s Bar-B-Que Sales, Ltd. (“Sadler’s”) by Brazos Equity Fund II, LP. Sadler’s is a leading producer of authentic, high quality smoked meats including brisket, ribs, chopped/shredded products, and other bar-b-que related food items such as barbacoa, beans, and sauces. Sadler’s meats are differentiated in that they are slow cooked for up to 18 hours using traditional pit smoking with natural hardwood coals.
     
 

$25.0 million co-investment in limited partnership and equity interests

 

The Mezzanine and Private Equity Group announces that it has made a $25.0 million co-investment in limited partnership interests in a partnership formed to acquire an equity interest in a privately owned operator of marine terminals and provider of transport services. At the request of the lead investor, the name of the issuer may not be disclosed.

     
 

$15.0 million co-investment in equity interests

 

The Mezzanine and Private Equity Group announces that it has made a $15.0 million co-investment in the equity of a healthcare company. At the request of the lead investor, the name of the issuer may not be disclosed.

     
 

$0.3 million follow-on
co-investment in senior subordinated notes

 

The Mezzanine and Private Equity Group announces that it has made a $0.3 million follow-on co-investment in senior subordinated notes of a leading marketer and distributor of branded, specialty food products sold through the grocery and food service channels. The proceeds were used to support the acquisition of a competitor. At the request of the lead investor, the name of the issuer may not be disclosed.

       
   
 


About Hartford Investment Management Company’s Mezzanine and Private Equity Group

The Mezzanine and Private Equity Group of Hartford Investment Management is a leading provider of capital to private equity markets. The Group provides direct mezzanine debt and equity and can provide equity on a stand alone basis. We are responsive, competitive and we seek to partner with like minded private equity investors and management teams. Our deep understanding of the middle market provides us with an advantage when providing junior capital. In addition to our direct investment activities, we seek to invest into top performing middle market private equity and mezzanine funds that will provide a source of co-investment opportunity. Selectively, we will also invest in top performing funds that focus on investments outside of our middle market strategy. Currently, we manage over $1.6 billion in mezzanine and private equity assets and commitments.

About Hartford Investment Management
Hartford Investment Management Company, a wholly-owned subsidiary of The Hartford Financial Services Group, Inc., manages approximately $148.7 billion ("Hartford Investment Management") on the behalf of corporate retirement plans, endowments, foundations, insurance companies, mutual funds, public funds and other institutional accounts.

 
 
For more information contact:
 
Bill Holm, bill.holm@himco.com 
860-297-6448
  860-297-6440
  860-297-6408
Chris Murphy, chris.murphy@himco.com
  860-297-6338
Thorsten Suder, thorsten.suder@himco.com
  860-297-6469
 
 

55 Farmington Avenue
Hartford, CT 06105
www.himco.com

The foregoing is not intended as a solicitation of investment management services, but rather an announcement of the transactions identified herein to the private equity market. The specific securities identified and described herein represent all of the direct mezzanine investments (defined as including all direct investments by Hartford Investment Management Company's Mezzanine And Private Equity Group, including debt and equity securities, but excluding fund investments) purchased, sold or recommended for The Mezzanine and Private Equity Group's advisory clients during the prior three months, and the reader should not assume that investments in the securities identified and discussed were or will be profitable. For a complete list of such securities, please contact Hartford Investment Management Company's Mezzanine And Private Equity Group.

Hartford Investment Management Company, a wholly-owned subsidiary of The Hartford Financial Services Group, Inc., is a registered investment adviser providing investment services to mutual funds, employee benefit plans, insurance companies and other institutional accounts.

All assets as of 12/31/07

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