Giuliani Partners - Press Releases

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July 11, 2004
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Entergy Nuclear Northeast

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March 15, 2004
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Nextel

Pasquale J. D'Amuro

Purdue Pharma

Giuliani Partners Forms Giuliani Capital Advisors and Makes Strategic Acquisition
Firm provides investment banking solutions and independent advice to business leaders

December 1, 2004 - New York, NY. Rudolph W. Giuliani and Giuliani Partners LLC today announced the formation of Giuliani Capital Advisors LLC, a firm that will provide investment banking solutions and independent advice to leaders dealing with complex business challenges, strategic transactions or financial distress.

"Giuliani Capital Advisors enables us to provide key financial advisory solutions to the business community complementing our other services," said Mr. Giuliani, who is Chairman and CEO of Giuliani Partners LLC, a management consulting firm, and parent company of Giuliani Capital Advisors. "At Giuliani Partners, we advise companies dealing with high-level strategic challenges. Often the solution involves a combination of changes including one or more transactions. These transactions may involve the sale of all or a part of the business, an acquisition to accelerate growth, or the restructuring of debt or equity."

"We are putting together a great team of seasoned executives from the financial community to work closely with business leaders on critical transaction issues," Mr. Giuliani added.

Coinciding with the launch of Giuliani Capital Advisors, the firm announced the acquisition of Ernst & Young Corporate Finance LLC ("EYCF"). EYCF has executives and staff in six offices throughout the United States (New York, Chicago, Atlanta, Los Angeles, San Francisco and Troy, MI). "The EYCF executives will maintain their existing client relationships, continuing to grow the business in their current locations and forming the backbone of Giuliani Capital Advisors," said Mr. Giuliani. Terms of the deal were not disclosed.

Steven D. Oesterle, Managing Director at Giuliani Partners since January 1, 2003, serves as Chairman and Chief Executive Officer of Giuliani Capital Advisors. Mr. Oesterle is a former Vice Chairman of Ernst & Young LLP, where his responsibilities included management of the firm's corporate finance practice.

"I welcome my former colleagues from EYCF to Giuliani Capital Advisors," said Mr. Oesterle. "We look forward to providing our clients with the expertise of this talented and experienced group."

James S. Turley, Chairman and Chief Executive Officer of Ernst & Young LLP, said, "The sale of Ernst & Young Corporate Finance LLC is part of our on-going commitment to refocus on our core businesses - auditing, tax and transaction advisory services. The acquisition also enables members of the Corporate Finance LLC to join together with Giuliani Partners in the continued growth of their business."

About Giuliani Capital Advisors LLC:
Giuliani Capital Advisors provides investment banking solutions and independent advice to leaders dealing with complex business challenges, strategic transactions or financial distress. The company is guided by the Giuliani Leadership Principles: Integrity, Objectivity, Loyalty, Creativity, and Accountability. The firm has offices in New York, Chicago, Atlanta, Los Angeles, San Francisco and Troy, MI.

Further information about Giuliani Capital Advisors is located on the following site:
www.giulianicapitaladvisors.com

About Giuliani Partners LLC:
Giuliani Partners LLC is a management consulting firm dedicated to helping leaders solve critical strategic issues, accelerate growth, and enhance the reputation and brand of their organizations in the context of strongly held values.

Further information about Giuliani Partners LLC is located on the following site:
www.giulianipartners.com

About Ernst & Young:
Ernst & Young, a global leader in professional services, is committed to restoring the public's trust in professional services firms and in the quality of financial reporting. Its 100,000 people in 140 countries around the globe pursue the highest levels of integrity, quality, and professionalism to provide clients with solutions based on financial, transactional, and risk-management knowledge in Ernst & Young's core services of Audit, Tax, and Transaction Advisory Services. Ernst & Young practices also provide legal services in some parts of the world where permitted. Further information about Ernst & Young and its approach to a variety of business issues can be found at www.ey.com/perspectives. Ernst & Young refers to all the members of the global Ernst & Young organization.