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Oct. 1, 1999

CIVC Partners Sells Advanced Quick Circuits, L.P. to Sigma Circuits, Inc.

CIVC Partners, a private equity investment affiliate of Bank of America Corporation (NYSE: BAC) and Tangram Partners, a Chicago based private equity firm, announced today that they have sold Melbourne, FL based Advanced Quick Circuits, L.P. to Sigma Circuits, Inc. Advanced Quick Circuits is a leading producer of complex, multi-layered printed circuit boards for military and quick turnaround prototype applications. Terms of the transaction were not disclosed.

"We have worked hard at Advanced Quick Circuits over the past five years to improve technical capabilities and operating performance, and now we are delighted to have the company join forces with such a highly respected player in the market as Sigma," said Bruce Stevens, Chairman of Advanced Quick Circuits and Managing Director of Tangram Partners. "This combination is good for both companies, their employees and most importantly, their customers."

"This combination takes advantage of the strong position of Advanced Quick Circuits in niche markets and the breadth and depth of capabilities within the Sigma organization," said Marcus Wedner, Partner, CIVC Partners. "Both companies have an outstanding tradition of responding quickly to customer needs and the combined organization will have the strength to remain a leading force in the industry."

CIVC Partners and Tangram Partners acquired Advanced Quick Circuits in May, 1994. Advanced Quick Circuits was represented by Deutsche Banc Alex Brown in this sale transaction.

CIVC Partners manages over $700 million of private equity capital on behalf of Bank of America. CIVC Partners, with 30 years of experience in private equity investing, provides growth capital to middle market companies with a focus on business services, financial services, media and communications, and industrial growth.

Founded in 1990, Tangram Partners is a private equity firm specializing in middle-market manufacturing and industrial service acquisitions. Since 1990, Tangram has acquired companies in five industry sectors with aggregate revenues of $240 million.

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Patty Walker
CIVC Partners, LP
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Telephone: 312 873 7300

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