Representative Transactions   In the course of approximately 50 structured and levered investments during the past 17 years, Elmrock has consistently demonstrated an ability to analyze, structure, invest in and manage innovative transactions. These cutting-edge investments often have tight terms and wide spreads, resulting in equity-like returns with fixed-income volatility. A representative sampling includes: Capital Market Assurance Corporation -- a monoline credit insurer for structured financial product. Elmrock and an investment banking firm led a management buyout and eventual merger with MBIA.     Equity investors in $6 billion of levered secured loan trusts with JP Morgan Chase as swap counterparty and trustee.     General partner of partnerships purchasing two energy plants currently managed by FirstEnergy.     Equity Ownership and first loss noteholders of four commercial paper conduits with Citicorp as Manager.     Partnership in three operating divisions of Bausch & Lomb.     Operating partnership for consumer division of Dow Chemical.      Preferred stock purchase enabling receivables management for Staples, Inc.     Distressed CDO tranches of transactions sponsored by CIBC, TD and Rabobank.     Secondary market equity support for tranche sponsored by Bank of America.

  © Elmrock Capital, Inc. 2006