O-STA

Douglas S. Glucroft Joins Nixon Peabody LLP as Partner on Private Equity and Mergers and Acquisitions Teams

Business Editors

NEW YORK--(BUSINESS WIRE)--Sept. 19, 2005--Douglas S. Glucroft, a seasoned attorney with significant experience in cross-border financing transactions, has joined the national law firm Nixon Peabody LLP as partner on the Private Equity and Mergers and Acquisitions Teams. He will be based in the firm's New York office.

As a member of the Private Equity and M&A Teams, Mr. Glucroft will primarily focus on inbound and outbound transactions, including investment, M&A, licensing and other strategic transactions.

Prior to joining Nixon Peabody, Mr. Glucroft was a partner at Kahn & Associes, a Paris law firm particularly well-known for its experience in the high-tech industries. During his ten years at the firm, he represented numerous start-up companies as well as mature companies and investors in connection with a wide variety of financing and acquisition transactions. Before that, he served as associate general counsel for Ziff Communications Company (Ziff-Davis) in New York where he was responsible for all legal affairs created by the expansion of Ziff's international business operations. Prior to that, he was an attorney at Cleary Gottlieb in New York and Paris.

"Nixon Peabody has continued to build upon our established transactional practice, particularly in the areas of private equity and venture capital, and we are increasingly expanding our international focus," said Charles P. Jacobs, leader of the Private Equity Team. "Doug's wealth of experience handling transactions on behalf of an array of clients, especially in the technology industry, adds even greater depth to our growing team and we are pleased to welcome him to the firm."

Mr. Glucroft is admitted to the New York, Washington D.C., and Paris bar. He earned a J.D. from Columbia Law School and a B.A. from Hamilton College. He is a member of the New York State Bar Association, the District of Columbia Bar Association, and the Association of the Bar of the City of New York.

The Private Equity Team has expanded significantly over the past several years with a number of attorneys focusing on the technology and life sciences areas, and the funds that invest in such companies. The Team now includes approximately 60 attorneys in offices throughout the country and represents a number of leading domestic and international private equity and venture capital funds, including Horsley Bridge Partners, Credit Suisse Private Equity, Paul Capital Partners, Battery Ventures, the Woodside Fund and VIMAC Ventures LLC. In addition, the firm represents a number of leading institutional investors, including the New York State Common Retirement Fund and the New York City Employee Retirement System.

Nixon Peabody is also a leading advisor to public and private companies on mergers and acquisitions. The firm employs an integrated cross-disciplinary approach that spans many of its numerous practice areas, from tax, securities, corporate governance and labor to real estate, intellectual property, environmental, antitrust and other regulatory fields. For leveraged transactions or those involving refinancing of debt, Nixon Peabody's finance attorneys offer experience in a wide range of vehicles, including unsecured and secured lending, senior and mezzanine lending, derivatives, and securitizations.

Nixon Peabody's international capabilities involve a multi-disciplinary approach to provide domestic and overseas clients with well-informed, reliable counsel on a wide range of cross-border transactions and trade matters. As one of the largest law firms in the United States, the firm has approximately 600 attorneys working in 15 major practice areas. Nixon Peabody's size, diversity, and advanced technological resources enable it to offer comprehensive legal services to individuals and organizations of all sizes in local, state, national, and international matters.

CONTACT:

Linden Alschuler & Kaplan, Public Relations

Maria Brown, 212-575-4545

Mbrown@lakpr.com