Breakwater Management Provides Unitranche Facility to Consensus Orthopedics, Inc.

Growth-capital fund increases investment in California-based portfolio company following strong, consistent growth.

LOS ANGELES, JUNE 2013 – Breakwater Management, LLC ("Breakwater") is pleased to announce the closing of a $7.75 million unitranche facility to Consensus Orthopedics, Inc. ("Consensus"), to refinance the company’s existing bank facility and provide additional growth capital. The new facility consisted of both a revolving working capital line of credit and term loan to support Consensus’s domestic and international market expansion.

Founded in 1992, Consensus designs, manufactures, and distributes high-quality reconstructive total joint implants for the hip and knee. Headquartered in El Dorado Hills, CA, the company sells its products throughout North America, Western Europe, Turkey, China, Japan, and Australia.

"We are very excited to continue working in partnership with the professionals at Breakwater," said Colleen Gray, CEO at Consensus. "Breakwater has consistently demonstrated its ability to provide flexible capital as our needs have changed throughout these growth years. The unitranche facility was the perfect financing solution to enable us to expand the reach of our products worldwide. We look forward to executing our business plan with the continued support of Breakwater."

"Consensus has demonstrated strong, expansive growth throughout the past four years," said Saif Mansour, Managing Partner at Breakwater. "We are delighted to increase our investment in Consensus and to continue supporting Colleen and her highly experienced management team, which has an excellent track-record of implementing new growth initiatives, optimizing cost structures, and entering new markets."

About Breakwater Management, LLC

Breakwater Management is a private investment firm that specializes in direct investments in lower middle market growth businesses. The firm serves as General Partner of Breakwater Credit Opportunities Fund, LP, a $100 million open-ended private investment partnership organized in August 2008 under Delaware law. The Fund’s investment objective is to generate both current income and capital appreciation through secured debt investments accompanied with equity participation rights, primarily in growth-oriented companies across a variety of industries.

If you would like to know more about Breakwater, visit www.breakwaterfunds.com or call (424) 777-4000.

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