Kilmer Group Acquires 25% Interest in CFI Capital

CFI supported sustainability through the use of recycled and reclaimed materials, such as re-using old brick to cover cinderblock walls and using wood planks removed from one portion of the original floor to clad metal beams.

April 13, 2005

CFI Capital And Kilmer Group Partner To Finance Infrastructure Projects

TORONTO, ON – April 13, 2005 – The CFI Group, a leader in equity and debt financings for the structured finance industry, today announced that the Kilmer Group through Kilmer Van Nostrand Co. Limited (“Kilmer”), the private investment holding entity of Lawrence M. Tanenbaum, has acquired a 25 per cent interest in CFI Capital. As part of the transaction, Kilmer’s Kenneth Tanenbaum and Philip Stoddart will be joining CFI Capital’s Board of Directors.

“We welcome the addition of Larry Tanenbaum and the Kilmer Group to CFI Capital,” said Kevin M. Andrews, President and CEO of the CFI Group. “Packaging Kilmer’s expertise in construction and infrastructure development with the CFI Group’s infrastructure financing expertise will provide a compelling business solution to private and public sector developers.”

CFI Capital, a leading North American advisor on mid-size infrastructure projects and capital transactions, works closely with its sister company, CFI Leasing Ltd. (CFI Trust), a leading securitization solutions provider, to develop customized medium and long-term financing solutions for private and public corporations. As members of the CFI Group, both companies leverage the Group’s collective expertise of having completed $5 billion of transactions.

“I believe that infrastructure is an attractive asset class, and that the best projects will be developed by teams that can bring segment specific knowledge, experience and creativity to the table, in order to manage the design, construction and operating risks inherent in these opportunities.” stated Larry Tanenbaum, Chairman and CEO of Kilmer. “I view the teaming of CFI and Kilmer as very effective in supporting development of small to mid-market infrastructure projects. It is a uniquely complimentary fit of experience and business networks. Kilmer’s expertise and business relationships, through our long history of project development and infrastructure contracting, are a good match with CFI Group’s experience in providing customized medium and long-term structured and infrastructure financing.”

In November 2004, CFI Capital launched a CDN$80 million Infrastructure Opportunities Fund that will invest in a diversified portfolio of private mid-market infrastructure projects including power generation plants, water and waste treatment plants and other infrastructure projects within the public sector and private industry across Canada. Participants in the CFI Infrastructure Opportunities Fund as Limited Partners include the Ontario Teachers’ Pension Plan, Teachers’ Retirement Allowances Fund (Manitoba), Kilmer Van Nostrand and The Canadian Medical Protective Association. “The Fund has been well received by infrastructure developers and we are evaluating investment opportunities across Canada,” said David G. Bell, Managing Director, CFI Capital.

About CFI Group

With over 20 years of experience and having completed $5 billion of transactions, the CFI Group, through Corpfinance International, CFI Capital and CFI Leasing Ltd. (CFI Trust), are specialists in providing customized medium and long-term structured and infrastructure debt and equity financing solutions for private and public corporations. The company is based in Toronto, Ontario with offices in Quebec and British Columbia and is owned by management and Canada Life.

CFI Group offers debt and equity capital solutions through its subsidiary CFI Capital and securitization solutions through CFI Trust, which is AAA rated by DBRS, and has generated over $2 billion in originations. With transactions ranging from $10 million to $100 million, CFI Group can offer fixed interest terms and amortizations up to thirty years.

About Kilmer Group

Kilmer Van Nostrand Co. Limited was a civil works contractor and construction materials supplier for most of the 20th century, directly and as an investor in many subsidiaries and affiliates, and is currently a significant shareholder in Lafarge North America Inc., part of the Lafarge Group, a world leader in building materials and the world’s largest cement producer.

Kilmer has also been actively involved in building many other businesses through its private equity investing and management activities and sponsors the Kilmer Capital Fund, with equity provided by leading Canadian institutional investors and the Kilmer Group.

For more information on CFI Group, visit http://www.corpfinance.ca and on Kilmer Group, visit http://www.kilmergroup.com.

For more information, please contact:

Joshua Orzech
GCI Group
416-486-5923
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