News

Camelot Acquires Liberty Juvenile Services, Inc.

New York, November 1, 2007

The Camelot Schools ("Camelot"), a portfolio company of Charterhouse Group, Inc., today announced its acquisition of LemonTree Enterprises, LLC d/b/a Liberty Juvenile Services ("Liberty"). Based in Wichita, Liberty is a provider of residential services to adolescents with severe psychiatric disorders.

Founded in 2000, Liberty currently operates a residential treatment program at a single, 40-bed facility located in Wichita, Kansas. Liberty's residents are typically between the ages of 12 and 18 years old. Liberty's programs are fully accredited by the Joint Commission on Accreditation of Healthcare Organizations (JCAHO) and licensed by the Kansas Departments of Health and Environment (KDHE) and Social and Rehabilitative Services (KDSRS).

Camelot's acquisition of Liberty is consistent with the Company's strategy of expanding its geographic footprint and service breadth through new facility openings and selective acquisitions. In May 2007, Camelot successfully completed the acquisition of Restorative Programming, Inc., a leading provider of residential services to adjudicated adolescents in New Jersey. Liberty, which will operate as Camelot of Kansas, now has the opportunity to extend its core service offerings in Kansas, a state which is currently experiencing an acute shortage of specialty beds for adolescents. In addition, Camelot is well-positioned to cross-sell other services within Kansas, including its own specialty behavioral programs and alternative educational services.

"Liberty has established itself as a leading provider in the Kansas market and Camelot looks forward to upholding that tradition while expanding programming to reach even more youth. It is with great pleasure that I welcome Liberty to the Camelot family," said John Harcourt, CEO of The Camelot Schools.

Charterhouse Group provided additional funding to Camelot in order to facilitate the acquisition.

For more information on Charterhouse, please visit www.charterhousegroup.com.

Contacts:
Charterhouse Group:
C. Taylor Cole, Jr., Partner - (212) 584-3212
David G. Hoffman, Partner - (212) 584-3234

Charterhouse Group, Inc.
535 Madison Avenue
28th Floor
New York, NY 10022-4299
T: (212) 584-3200
F: (212) 750-9704
www.charterhousegroup.com

The Information on these pages is intended solely for the benefit of persons who might be aware of investment opportunities that would interest CGI. CGI's services are provided only to a limited number of private investment funds; CGI does not make its services available to the public. COPYRIGHT 2007 CHARTERHOUSE GROUP, INC.