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Paul Hastings Represents River Capital in its Acquisition of Signature Designs

July 19, 2006

Paul Hastings Represents River Capital in its Acquisition of Signature Designs

Atlanta, GA (July 19, 2006) - Paul, Hastings, Janofsky & Walker LLP (Paul Hastings), a leading international law firm, represented River Capital, Inc., an Atlanta-based private investment firm, in its purchase of Signature Designs International, Inc.. The deal closed on July 17, 2006.  Financing was provided by a combination of senior debt from CIT and subordinated debt from River Capital affiliates.

The Paul Hastings team, led by Atlanta partner Wayne Bradley, also included associates Browning Afield and Tong Zou.

Under the agreement, Signature Designs, an importer of artificial floral arrangements for the home décor market, will operate as a wholly-owned subsidiary of New Image Group, Inc.-a portfolio company of River Capital that was formed to facilitate the investment in and development of complementary craft and home décor companies.

About Paul Hastings' Corporate Department: Teams of Paul Hastings' corporate attorneys provide clients with the sophisticated, cross-border legal and business expertise they need to finance and operate companies.The firm's M&A, Lending, Project Finance, Private Equity, Investment Management and Securitization practices are nationally and internationally ranked. Paul Hastings' attorneys are experienced in every aspect of modern transactional practice in virtually every industry and service sector. Clients include major financial institutions, domestic, international, public and private companies.

About River Capital Group Inc.: For more than 20 years, River Capital has invested in management buyouts, recapitalizations, and the growth capital needs of well established, profitable middle market companies.

Paul Hastings Janofsky & Walker LLP, founded in 1951, is a leading international law firm with over 1,000 attorneys in 17 offices. The firm serves a diverse client base including many of the top financial institutions and Fortune 500 companies, supports clients in all of their legal needs and offers deep capabilities in Banking and Finance, Capital Markets, Corporate/M+A, Litigation and Dispute Resolution, Intellectual Property, Project Finance, Investment Management, Real Estate, Labor and Employment and Tax Advisory Services. For additional information, please visit our website at

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