News

February 6, 2004

Norwest Mezzanine Partners Invests $11.5 Million in DynoJet Research, Inc.

Norwest Mezzanine Partners invested $10.9 million of senior subordinated debt and $500,000 of equity in DynoJet Research, Inc. (“DynoJet”), a leading designer, manufacturer, and marketer of motorcycle, powersports, and automotive aftermarket engine performance enhancement products, engine performance testing, and diagnostic equipment.  DynoJet’s aftermarket performance enhancement products maximize engine operation through manipulation of air/fuel ratios, and DynoJet enjoys entrenched relationships with the most powerful distrubutors, racing teams, and organizations in the industry.

Graham Partners served as the private equity sponsor on this transaction. Visitwww.grahampartners.net for more information.

NMP Contact: Neal Sette, 612-215-1689, nsette@nmp.com

Norwest Equity Partners (NEP) is a leading middle market investment focused on partnering with business owners and building companies into industry leaders. With a reputation for quality investments and exceptional financial returns since 1961, NEP manages nearly $5 billion of capital through a series of equity and mezzanine funds. Offering creative and flexible transaction solutions through management buyouts, recapitalizations and growth financings, NEP seeks $30-$150 million equity investment opportunities for growing and profitable companies within the agriculture, applied technology, business services, consumer products and services, distribution, healthcare and industrial industry sectors. NEP is headquartered in Minneapolis, Minnesota; please visit nep.com for more information.