News Release

Chicago, IL July 5, 2007 - WMG Capital, a unit of Waterstone Group Holdings, LLC announces the acquisition of The Johnsson Group Inc., a professional consulting and interim staffing firm focused on finance and accounting services. The seller is Altran Technologies, S.A. Terms were not disclosed.

The Johnsson Group, headquartered in Chicago since 1991, serves Fortune 500 clients with finance and accounting consulting services focusing on three major service areas: Finance Process Improvement and Shared Services; Governance, Risk and Compliance; and Business Intelligence and Analytics.

Michael Wujciak, a Waterstone Partner, has been serving as the Managing Director and will continue in this role. “Everyone on the management team and the professional staff is excited about their future as The Johnsson Group returns to operating as a privately owned company. Collectively, we will continue our focus on superior customer service and growth of both our staffing and consulting services. We have already received a positive reaction from our clients regarding this transaction and we see opportunities to further expand our high value added services,” Wujciak said.

WMG Capital is focused on the professional services sector and invests in companies that provide high value business and technology services. WMG capital was founded by senior executives in the accounting, finance, and consulting industry including Roger Nelson, former Deputy Chairman of Ernst & Young LLP. “We are very pleased to be able to acquire the operations of The Johnsson Group and focus on growing their finance and accounting services within the important clients they serve. The excellence of the company’s management, premiere client base and employees provide a solid platform from which we will execute our services strategy,” stated Roger Nelson, Chairman, WMG Capital.

About WMG Capital:
WMG Capital is the private investing arm of Waterstone Group Holdings, LLC. The firm sources, invests in and transforms businesses in partnerships with sellers, management and co-investors. The team is composed of industry executives with significant operating and transaction experience. Investments are focused in the areas of information technology and high value business services and include growth equity, buyouts, public to private transactions, and corporate spinouts.

For more information contact Marsha Davis at (312) 238-9790.

...back