expectations_redefined

The Riverside Company Acquires Paradigm Tax Group from Monitor Clipper Partners

Boston, Cleveland, and Phoenix, November 1, 2013 – The Riverside Company (“Riverside”), a global private equity firm, today announced that it has acquired Paradigm Tax Group (“PTG”) from majority owner Monitor Clipper Partners (“MCP”), a Boston-based private equity firm, and the other equity holders of PTG. PTG is one of the leading providers of outsourced property tax management services to commercial, industrial, and manufacturing property owners with 31 offices across the U.S. Key leadership, including CEO Bob Dunlap and Director Oscar Diaz, will remain in their respective roles. Additional terms of the transaction were not disclosed.

Charlie Yoon of MCP, which sold its stake to Riverside said, “I would like to thank Bob Dunlap and the entire PTG Team for a great partnership. We appreciate all their efforts over the last several years and we wish them the very best as they continue on their growth path with The Riverside Company.”

“PTG’s national footprint, dedicated focus on property tax, and talented employee base truly differentiates it from its competitors and has led to meaningful growth over time,” said Riverside Partner Matt Dailey. “We are excited to be partnering with PTG CEO Bob Dunlap and his team, and we intend to aggressively support PTG’s robust organic growth opportunities and proven acquisition strategy.”

“We are excited to be entering the next phase of PTG’s growth and to be doing it alongside the Riverside team,” said Dunlap. “We believe Riverside’s resources can accelerate our growth plans as we continue to provide our clients with market-leading tax consulting services.” Dunlap continued, “I would like to thank our original investor, Monitor Clipper Partners, for supporting PTG for the last several years with its strategic guidance and operational expertise, particularly related to the development and execution of our acquisition strategy as well as reorganizing our senior management structure, each of which have proven instrumental to our recent success and longer term prospects.”

William Blair & Company, L.L.C. acted as exclusive financial advisor to PTG in the transaction. Winston & Strawn LLP served as legal counsel to PTG and Squire Sanders (US) LLP served as legal counsel to the PTG management team. Jones Day served as legal counsel to Riverside.

Golub Capital was Administrative Agent and Sole Bookrunner on the senior financing along with GE Capital as Syndication Agent and Siemens Financial. New Canaan Funding provided the mezzanine financing.

About Paradigm Tax Group
PTG, based in Phoenix, AZ, is one of the leading providers of outsourced property tax management services to commercial, industrial, and manufacturing property owners in the U.S. Paradigm specializes in analyzing its clients’ real and personal property portfolios to identify potential tax-saving opportunities. PTG primarily serves clients in the real estate, industrial, hospital, and financial services industries. Through its network of 31 offices strategically located across the U.S., the Company serves more than 2,500 clients. PTG combines national property tax assessment and tax management services with strong local relationships and a proprietary technology platform, enabling PTG to provide superior client service and outcomes. (http://www.paradigmtax.com)


About Monitor Clipper Partners
Monitor Clipper Partners is a Boston, MA-based independent private equity firm formed in 1998. MCP has invested in over 40 businesses in North America and Western Europe, focusing primarily on partnering with founders and owners of middle-market companies. MCP provides strategic and
operational support to maximize the value of its portfolio companies. MCP has invested approximately
$2.0 billion in equity since its formation.www.monitorclipper.com.

About Riverside
The Riverside Company is a global private equity firm focused on acquiring growing businesses valued at
up to $250 million (€200 million in Europe). Since its founding in 1988, Riverside has invested in more
than 320 transactions. The firm’s international portfolio includes more than 70 companies.
(http://www.riversidecompany.com or http://www.riversideeurope.com)