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March 19, 2014

Avante Mezzanine Partners Announces Investment in Delphon Industries

Los Angeles, California – Avante Mezzanine Partners announced today that it has provided mezzanine debt and an equity co-investment to support the acquisition of Delphon Industries, LLC (“Delphon”) in a transaction led by Fulham & Co (“Fulham”). Fulham’s equity partners in the acquisition included Farol Asset Management and Brooke Private Equity Associates. Headquartered in Hayward, CA, Delphon is a leading advanced materials and assembly company with more than 30 years in business. The company’s Gel-Pak division is the market leader in specialty gel packaging that protects high-value semiconductor components during shipping and handling. Delphon has three other divisions which include Quik-Pak, a provider of advanced assembly services for the semiconductor industry; UltraTape, a manufacturer of specialty tapes for cleanroom environments; and TouchMark, a provider of advanced printing services for the medical industry. In September 2013, Delphon was ranked #17 on the San Francisco Business Times’ list of “Largest Women Owned Businesses in the Bay Area.”

“Avante was an excellent partner during diligence,” said John Fulham, Managing Partner of Fulham & Co. “We were impressed with their team from the outset and knew that they could move quickly toward close. That was important to us in this transaction. We look forward to working with them on Delphon and on future transactions.”

“We are thrilled to support Delphon,” said Jeri Harman, Founder and Partner of Avante. “Not only is the company the clear market leader in its niche, but it is also a woman-led business which is one of our financing areas of interest. We are also excited to partner with Fulham in this transaction. They bring a long track record of success and significant experience investing in specialty manufacturing businesses. We look forward to working with Fulham and the Delphon management team as they grow the business.”

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