Quadrangle Group LLC (“Quadrangle”), a private investment firm, announced today that it is further expanding its international presence with the opening of an office in Hong Kong. The new office will significantly enhance the firm’s ability to invest and expand in the Asian market, and will also benefit Quadrangle’s portfolio companies. Quadrangle focuses on the media and communications sector, a dynamic industry in Asia with tremendous growth potential.

The Hong Kong office will be headed by Edward Sippel, a Managing Principal of Quadrangle with more than 10 years of private equity experience in the Asian markets. Since joining Quadrangle in 2007, Mr. Sippel has worked in the New York office preparing for the Asia office launch and serving as an active member of the Company’s global investment team and on the Boards of Directors of several Quadrangle portfolio companies.

Steven Rattner, a Managing Principal of Quadrangle, said: “We are very excited to open our Asian headquarters, which will help us expand our capabilities and geographic footprint, while also adding value to our existing investments. We believe that Quadrangle’s expertise and strong franchise in media and communications, together with Ed Sippel’s decade of Asian private equity experience in those sectors, is a powerful combination that will allow us to take advantage of many exciting opportunities.”

Mr. Sippel said: “With more than 10 years of experience in Asia, I know first-hand the tremendous opportunities in this region and in the media and communications sector in particular. After spending a year in Quadrangle’s New York headquarters, I also know first-hand the power of Quadrangle’s investment process, experience and relationships in our target sectors. We are very well positioned to succeed in this dynamic market.”

The Hong Kong office joins Quadrangle’s offices in London and Silicon Valley, as well as the headquarters office in New York, making Quadrangle a truly global investing firm.

Mr. Sippel has lived and worked in Asia since 1997. Prior to joining Quadrangle, he was a Managing Director and Partner at TVG Capital Partners (“TVG”), a private equity firm based in Hong Kong focused exclusively on investments in the telecom, media and technology sectors throughout Asia. Before joining TVG at inception, Mr. Sippel was with The Asian Infrastructure Fund (“AIF”), a private equity firm based in Hong Kong, where he assisted in managing the telecommunications portfolio. Prior to AIF, he worked in Morgan Stanley’s Global Communications Group in New York. Mr. Sippel received a Bachelor of Arts degree from Georgetown University, Washington, D.C.

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About Quadrangle Group LLC

Quadrangle Group LLC is a private investment firm with more than $6 billion of assets under management. Quadrangle invests in media and communications companies through separate private and public investment strategies and across all asset classes through its asset management business. All investment strategies seek to maximize value by leveraging the investment team’s extensive experience, knowledge and industry relationships. Quadrangle has offices in New York, London, Hong Kong, and Silicon Valley. For more information, please visit http://www.quadranglegroup.com.