About VSS

Since 1987, VSS has managed six private capital funds: four equity buyout funds and two structured capital funds, with total capital committed exceeding $3 billion. To date, the VSS equity and structured capital funds have invested in 68 platform companies and completed over 320 add-on acquisitions resulting in a portfolio with realized and unrealized enterprise values of approximately $14 billion.

VSS Activity: Year in Review VSS Equity Funds:

Two VSS Equity Fund portfolio companies made The Sunday Times Buyout Track 100 league table. CSC Media ranked 61st and SHL ranked 95th. Buyout Track 100 is compiled by Fast Track and published in The Sunday Times each February and ranks Britain's 100 mid-market private equity-backed companies with the fastestgrowing profits (EBITDA) over their latest 2 years of available accounts. Remedy Health Media, a health information and technology company, acquiredHealthCentral, a provider of online clinical and patient community resources and tools. View Press Release Financial data and software company Ipreo LLC was sold to Kohlberg Kravis Roberts & Co, L.P for $425 million. Ipreo is a premier provider of real-time market intelligence and transaction software supporting equity and debt issuers and buyers as well as investor relations professionals around the world. View Press Release Access Intelligence, an integrated b-to-b media company, acquired business magazine publisher and executive conference and tradeshow producer Red 7 Media. View Press Release AIM listed Ebiquity Plc, provider of independent data-driven insights to the global media and marketing community, grew total revenue 17% to 24 million for the six months ending Oct. 31, 2011. View Clippings The educational company focused exclusively on at-risk and special student populations, Cambium Learning Group completed a $175 million offering of 9.75% Senior Secured Notes due 2017. View Press Release ITN Networks, Inc., a television advertising platform serving national broadcast advertisers, refinanced debt; eliminated the mezzanine portion and replaced senior debt under significantly more favorable terms. Remedy Health Media, LLC (formerly Medizine), acquired Intelecare, a company that specializes in medical adherence solutions that increase prescription compliance for consumers, health plans, pharmacies and pharmaceutical manufacturers. View Press Release Tranzact, a marketing services company, sold its subsidiary Tranzact Information Services to Halyard Capital. Grant Thornton names Ebiquity Plc and the merger with Xtreme Deal of the Year for 2010. View Press Release

VSS Investment Criteria

Industry Verticals: Information Education Media Marketing Services Business Services Investment Size: EBITDA of $5 - $50 mm Investment of $15 - $100 mm VSS Capital Offerings: Equity Mezzanine Debt Senior Debt Transaction Types: Refinancings Acquisitions Dividend Recapitalizations Organic Growth Capital Leveraged Buyouts VSS welcomes transaction opportunities requiring buyout and growth equity, debt refinancing and recapitalizations, and other flexible financing solutions.

Contact VSS Jeffrey Stevenson Managing Partner 212-381-8122 direct stevensonj@vss.com George Cole Partner, Structured Capital 212-381-8435 direct coleg@vss.com Bill Archer Partner, Debt Capital 212-381-8480 direct archerb@vss.com Morgan Callagy Partner, VSS Europe +44 20 7484-1400 direct callagym@vss.com

PreVisor merged with SHL to create the global leader in talent management. The combined company will be known as SHL and deliver over 15 million assessments annually in 150 countries. View Press Release Access Intelligence and its Dorland Health division announced the acquisition of OR Manager, the premier media brand and annual educational conference and trade show for operating room executives, managers and hospital directors. View Press Release Granada Learning Ltd., a provider of educational resources including integrated assessments, stakeholder surveys, self-evaluation systems and professional development service, completed a partial dividend recapitalization initiated due to the company's revenue momentum and profitability.

VSS Structured Capital Funds

VSS Structured Capital portfolio company Writtle (Loewy) made The Sunday Times Buyout Track 100 league table. Buyout Track 100 is compiled by Fast Track and published in The Sunday Times each February and ranks Britain's 100 midmarket private equity-backed companies with the fastest-growing profits (EBITDA) over their latest 2 years of available accounts. Writtle came in ranked 40th. VSS SC I sold Avatar International, a premier provider of patient-centric, quality improvement solutions for the healthcare industry, to The Riverside Company. View Press Release Sandow Media acquired Material ConneXion, Inc., a leading global materials consultancy with the largest library of innovative materials in the world, and its sister company, Culture & Commerce Inc., the premier design management firm in the U.S. View Press Release VSS SC II acquired financial software company Strata Decision Technology, LLC. Strata develops, markets and implements web-based financial analytics and performance management software tools used primarily by U.S. hospitals and healthcare systems to enhance their financial planning, budgeting, and reporting processes. View Press Release VSS SC II invested in Trover Solutions, a leading independent provider of comprehensive cost containment services and software to the private healthcare payor and property and casualty industries. View Press Release Sandow Media acquired Gen Art, an influential arts and entertainment organization. View Press Release VSS SC II made an investment in System One, a premier provider of professional managed staffing solutions for the energy, nuclear, engineering, information technology, scientific and commercial sectors. View Press Release Executive Health Resources, Inc. ("EHR") was sold to Ingenix. EHR is a leading provider of medical necessity compliance and physician medical management solutions for hospitals. View Press Release

New York
Park Avenue Plaza 55 East 52nd St., 33rd Floor New York, NY 10055 212-935-4990 phone 212-381-8168 fax

London
8th Floor, Buchanan House 3 St. James's Square London SW1Y 4JU +44 (0) 20 7484 1400 phone +44 (0) 20 7484 1410 fax

VSS Firm News

VSS has expanded the senior debt lending team with the addition of Managing Director Jim Dunleavy, who joins Bill Archer to provide flexible debt capital,

including senior and subordinated debt to small and lower middle-market companies. View Press Release VSS's New York office is now located at: Park Avenue Plaza, 55 East 52nd St., 33rd Fl., New York, NY 10055. Our phone numbers remain the same.