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NewSpring Capital Leads Mezzanine Investment in QuantumClean

RADNOR, PA, - May 24,2011-NewSpring Capital, a family of private equity funds providing growth and expansion capital to the Mid-Atlantic region, announced today that NewSpring Mezzanine Capita lled a subordinate debt financing in Quantum Global Technologies, LLC. ("QuantumClean"). NewSpring Capital partnered with Argosy Private Equity and Spring Capital who led the preferred equity investment. All three institutional investors are based near the Company's headquarters in suburban Philadelphia and invest in growing manufacturing and business service companies. The proceeds of the transaction will be used to acquire the assets of Applied Materials' (Nasdaq: AMAT) Chamber Performance Services ("CPS") and provide working capital for future growth of the Company.

Founded in 2000, QuantumClean is a leading provider of outsourced tool and parts cleaning and clean room services to the semiconductor manufacturing industry in the U.S. and the world. "CPS and QuantumClean are the technology leaders in outsourced process tool part cleaning, coating and restoration," said Scott Nicholas, CEO of QuantumClean. "The combination of the two businesses will form an unparalleled technological expertise and production capability with 14 cleaning centers worldwide, and we are pleased that AMAT will remain a valued customer."

"QuantumClean is a terrific addition to the NewSpring Mezzanine Capital portfolio and we are particularly excited as itrepresents our first investment inour second dedicated mezzanine fund, NewSpring Mezzanine Capital II. The Company has a breadth of services which are supported by industry leading technology and a strong management team," said Greg Barger, Partner, NewSpring Mezzanine Capital. "We are happy to be in a position to support QuantumClean as they acquire CPS and strengthen their position as the market leader."