The Healthy Back Store, LLC, Newington, VA, operates approximately 20 specialty retail stores and several websites aimed at consumers who suffer from neck and back pain. The Healthy Back Store is focused on making its customers "Feel Better Than Ever Before." We led a growth financing in The Healthy Back Store in 2004. www.healthyback.com

Ibex Outdoor Clothing, LLC, Woodstock, VT, is a rapidly growing company that designs, manufactures, and sells technologically superior wool-based outdoor clothing to the active outdoor and lifestyle marketplace. Ibex's wool active wear is superior to synthetic products, and is distributed through leading specialty retailers across the country and online. Northwood led Ibex's first institutional round of financing in 2004 and led a follow-on financing in 2006.
www.ibex.com

Buca, Inc., Minneapolis, MN, is a high growth operator of approximately 100 immigrant Southern Italian family-style neighborhood restaurants under the BUCA di Beppo name. The restaurants offer oversized food portions in an energetic atmosphere that parodies the décor and ambiance of Post-war Italian/American restaurants. We participated in all of Buca's private institutional rounds of financing, commencing in 1996 when the company operated only four stores. Buca completed its initial public offering in April 1999, raising $42 million (NASDAQ: BUCA). Northwood liquidated its position through open market sales from 2000 through 2002.
www.bucadibeppo.com

Caribou Coffee Company, Inc., Minneapolis, MN, is the second largest U.S. operator of coffee gathering places. Caribou has expanded to over 500 locations in selected Midwestern and Southeastern markets. Northwood participated in the company's first two institutional rounds of financing, beginning in 1995, and sold its position for cash in 2000 to another private equity firm. Caribou subsequently completed a $68 million IPO in 2005. (NASDAQ: CBOU)  www.cariboucoffee.com

Cosí, Inc., New York, NY, operates over 130 all-day cafes that feature signature bread and coffee products in a unique environment that changes throughout the day. Cosí offers breakfast, lunch, afternoon coffee, dinner, and dessert menus full of creative, craveable foods and beverages. Northwood participated in several rounds of equity financing beginning in 1997. In 2002 Cosí completed an initial public offering raising $39 million. Cosí, Inc. was formed by the merger of Xando, Inc. and Cosí Sandwich Bar, Inc. Northwood sold its position in 2004 and 2005 through open market sales. (NASDAQ: COSI)
www.getcosi.com

Dick's Sporting Goods, Inc., Pittsburgh, PA, operates over 340 authentic full-line sporting goods superstores located across the U.S. offering a broad assortment of brand name sporting goods equipment, apparel, and footwear in a specialty store environment. Northwood participated in a later stage equity round in 1996 and sold a portion of its position back to the company in 2001. Dick's completed a $100 million initial public offering in 2002 and Northwood sold the remainder of its position through open market sales in 2003. (NYSE: DKS)
www.dickssportinggoods.com

Eldorado Bancshares, Inc., Laguna Hills, CA, was a leading community bank located in Southern California. The bank, with assets of $1.3 billion, grew through a consolidation strategy led by the management of a previous Northwood portfolio company. We invested in 1995, prior to identification of the first acquisition, as well as in all subsequent rounds of financing. Eldorado completed a $25 million initial public offering in April 1999. The bank was sold for stock in 2001 to the California Bank & Trust division of publicly traded Zions Bancorporation. www.calbanktrust.com

The Museum Company, Inc., Fairfield, NJ, is a specialty retailer of museum-related reproductions and replicas through approximately 50 U.S. stores along with a significant online retailing presence. Northwood participated in this buyout in 1998 and the company was sold to a private equity group in 2002.

New Dartmouth Bank, Inc., Manchester, NH, the second largest thrift in New Hampshire, was created in 1991 through the acquisition, and merger, of three failed savings and loans from the FDIC. Northwood participated in the equity funding at inception. In 1994, New Dartmouth was acquired for stock by Shawmut National Corp., which was subsequently acquired by FleetBoston Financial Corporation, which was later acquired by Bank of America Corporation. Our position was liquidated through open market sales. www.bankofamerica.com

nSpired Natural Foods, Inc., San Leandro, CA, is a leader in the rapidly growing and fragmented all-natural and organic foods industry, focusing on snack and salty foods. nSpired has acquired seven companies and sells products under the Maranatha, Sunspire, Loriva Supreme, Cloud Nine, Tropical Source, Northwest Delights, Cool Fruits, and Skinny brand names. We invested in nSpired starting in 1998 and led follow-on equity rounds in 1999 and 2000. The company was sold to a private equity fund in 2003 for cash. www.nspiredfoods.com

Office Depot, Inc., Boca Raton, FL, is one of the largest U.S. office supply superstore retailers. In 1987, Northwood invested in Office Depot's first and only private institutional equity offering when the company operated just three stores. Our holdings were sold from 1991 to 1993 through public offerings and Rule 144 sales.www.officedepot.com