TM Capital receives Investment Bank of the Year Award for 2006 by ACG New York

New York, NY, January 24, 2007 – The New York chapter of the Association for Corporate Growth (ACG) will be holding its third annual awards night Thursday, January 18th from 6pm-9:30pm at the Roosevelt Hotel, Madison at 45th Street.

ACG New York will be honoring the following companies and individuals for their achievement in 2006:

Deal of the Year: Berkshire Partners’ Recapitalization of Bare Escentuals

Berkshire Partners has invested in mid-sized private companies for more than 20 years through seven investment funds with aggregate capital commitments of approximately $6.5 billion. The award

recognizes Berkshire Partner’s 2006 recapitalization and subsequent October initial public offering of Bare Escentuals.

Dealmaker of the Year: Allied Capital

Allied Capital, a leader in the private finance industry, provides debt and equity financing to primarily private, middle market companies. Founded in 1958, Allied Capital went public in 1960 and today has over $4 billion in total assets. Allied Capital’s recognition is based upon the extensive volume of debt and equity transactions the Firm completed in the middle-market during 2006.

Investment Banker of the Year: Fred Joseph of Morgan Joseph & Co.

Mr. Joseph was a Senior Advisor and Managing Director of ING Barings LLC. During 2001, he and a group of partners acquired a predecessor to Morgan Joseph & Co. and along with 100 new professionals have repositioned the firm to provide a full range of investment banking services to mid-size companies.

Leveraged Lender of the Year: Ron Kantowitz of The Royal Bank of Scotland

Ron Kantowitz, Managing Director, runs the Royal Bank of Scotland’s Leveraged Finance Group in North America. Under his leadership, Ron has established RBS as one of the pre-eminent Leveraged Finance providers in North America with dominant mid-cap and large-cap capabilities. During the past five years,

RBS has been awarded financing mandates on some of the largest and most highly-visible transactions in the North American leveraged buyout market. Prior to joining RBS, Ron spent six years at Bank of America in the Financial Sponsor Group, and seven years at Chase Manhattan Bank’s Merchant Banking Division.

Accountant of the Year: Charles Weinstein of Eisner LLP

Charles Weinstein is the Managing Partner and a member of the Executive Committee of Eisner. He has over 25 years of audit, merger and acquisition, public and private financing and industry consolidation experience, with a particular focus on initial public offerings and SEC reporting and compliance issues. He has served companies in a variety of industry sectors, including technology, pharmaceuticals and health sciences, manufacturing/distribution, and travel.

Investment Bank of the Year: TM Capital Corp.

TM Capital is a merchant banking and financial advisory firm based in New York and Atlanta which has completed over 130 mergers, acquisitions and financings for clients totaling over $7billion in value. TM’s advisory work on such transactions as Magellan Petroleum Corporation’s (NASDAQ: MPET) acquisition of the outstanding shares of Magellan Petroleum Australia Ltd is one of the many reasons for its recognition by ACG-NY.

“Clearly we’re very proud of the awards and this year’s winners. ACG-NY is the only organization currently recognizing the leading middle-market dealmakers and their debt and equity investors,” said Robert Barnwell, 2007 ACG- NY Awards Night Chairman. “We hope that our recognition of achievement will help to highlight the success achieved by middle-market dealmakers and investors,” added Barnwell.

Founded in 1954, the Association for Corporate Growth (ACG) is a global association for professionals involved in corporate growth, corporate development, and mergers and acquisitions. Today ACG stands at more than 10,000 members from corporations, private equity, finance, and professional service firms representing Fortune 500, Fortune 1000, FTSE 100, and mid-market companies in 51 chapters in North America and Europe. For more information, please visit www.ACG.org/nyc