IPOs/Recent Issues 0801 –

General Maritime Corp.
New York
Went public 06/12/01 at $12 per share
Filing Range: 8.0 million shares at $17 to $19
Offering Size: $126 million
Post Offering Valuation: $617.0 million
Shares Outstanding: 28.0 million shares
Underwriters: Lehman Brothers/Jefferies & Co./ABN AMRO Rothschild
Company Counsel: Kramer, Levin, Naftalis & Frankel
Manager Counsel: Stroock, Stroock & Lavan
Auditor: Deloitte & Touche LLP
The Company
Provides international seaborne crude oil transportation services.
Venture Backers
Moore Capital Management Inc.
Oaktree Capital Management LLC
Wexford Management LLC
Financing Rounds
Round # Round Date Number of Stage Investors Round Amt. ($ thousands)
1 1/1/01 3 Expansion N/A
Financials
(Data in $ millions except EPS) Y/E (12/31/00)
Total Revenues: $132.00
Net Income: 30.3
EPS: 1.6

Monolithic System Technology Inc.
Sunnyvale, Calif.
Went public 06/28/01 at $28 per share
Filing Range: 5.0 million shares at $9 to $11
Offering Size: $50.0 million
Post Offering Valuation: $296.5 million
Shares Outstanding: 31.0 million shares
Underwriters: A.G. Edwards & Sons Inc./Needham & Co.
Company Counsel: McCutchen, Doyle, Brown & Enersen LLP
Manager Counsel: Morrison & Foerster
Auditor: Pricewaterhouse Coopers LLP
The Company
Manufactures and markets performance memory chip technologies such as multibanking, multibank caching, I/O switching and data streaming. The company supplies memory products to major video/graphics, personal computer and laptop businesses.
Venture Backers
West Coast Venture Capital
DynaFund Ventures LLC
Financing Rounds
Round # Round Date Number of Stage Investors Round Amt. ($ thousands)
1 11/30/97 2 Early Stage 1,595
2 4/30/98 1 Expansion 8,061
3 5/13/00 1 Later Stage 5,200
Financials
(Data in $ millions except EPS) Y/E (12/31/00)
Total Revenues: $14.30
Net Income: 1.3
EPS: 0.13

MultiLink Technology Corp.
Somerset, N.J.
Went public 06/21/01 at $9 per shares
Filing Range: 8.0 million shares at $8 to $10
Offering Size: $72 million
Post Offering Valuation: $586.5 million
Shares Outstanding: 65.1 million shares
Underwriters: Credit Suisse First Boston/Salomon Smith Barney/Thomas Weisel Partners LLC
Company Counsel: Allen, Matkins, Leck & Mallory LLP
Manager Counsel: Cravath, Swaine & Moore
Auditor: Deloitte & Touche LLP
The Company
Designs and manufactures integrated circuits, modules and boards. The company focuses on high bit-rate connectivity solutions serving the needs of a majority of the Tier 1 telecommunications and data communication companies.
Venture Backers
Brentwood Venture Capital
Meritech Capital Partners
IBM Corp.
Redpoint Ventures
TRW Inc.
Financing Rounds
Round # Round Date Number of Stage Investors Round Amt. ($ thousands)
1 6/1/99 3 Early Stage 15,405
2 5/31/00 5 Expansion 40,000
Financials
(Data in $ millions except EPS) Y/E (12/31/00)
Total Revenues: $72.70
Net Income: -3.7
EPS: -0.34

The Princeton Review
New York
Went public 06/19/01 at $11 per share
Filing Range: 5.4 million shares at $11 to $13
Offering Size: $59.4 million
Post Offering Valuation: $286.9 million
Shares Outstanding: 25.79 million shares
Underwriters: U.S. Bancorp Piper Jaffray/Legg Mason Wood Walker/J.P. Morgan Securities
Company Counsel: Patterson, Belknap, Webb & Tyler
Manager Counsel: Dewey Ballantine LLP
Auditor: Ernst & Young LLP
The Company
Provides test preparation, college admissions and online education services. The company offers admissions counselors and tutors, as well as books and software designed to prepare students for college and graduate school entrance examinations.
Venture Backers
Societe Generale
Olympus Advisory Partners Inc.
Financing Rounds
Round # Round Date Number of Stage Investors Round Amt. ($ thousands)
1 5/23/00 2 Early Stage 26,907
Financials
(Data in $ millions except EPS) Y/E (12/31/00)
Total Revenues: $43.90
Net Income: -8.2
EPS: -1.07

Torch Offshore Inc.
Gretna, La.
Went public 06/07/01 at $16 per share
Filing Range: 5.0 million shares at $14 to $16
Offering Size: $80.0 million
Post Offering Valuation: $213.3 million
Shares Outstanding: 13.3 million shares
Underwriters: UBS Warburg/CIBC World Markets/Howard Weil Labouisse Freid
Company Counsel: Baker Botts LLP
Manager Counsel: Vinson & Elkins LLP
Auditor: Arthur Andersen LLP
The Company
Provides pipe laying and subsea construction services to the oil and gas industry.
Venture Backers
Riverside Management Group
Financing Rounds
Round # Round Date Number of Stage Investors Round Amt. ($ thousands)
1 1/26/01 1 Expansion N/A
Financials
(Data in $ millions except EPS) Y/E (12/31/00)
Total Revenues: $46.20
Net Income: -1.6
EPS: -0.82

Unilab Corp.
Tarzana, Calif.
Went public 06/06/01 at $16 per share
Filing Range: 6.7 million shares at $14 to $16
Offering Size: $100.5 million
Post Offering Valuation: $464.1 million
Shares Outstanding: 32.2 million shares
Underwriters: Salomon Smith Barney/Credit Suisse First Boston/U.S. Bancorp Piper Jaffray
Company Counsel: Skadden, Arps, Slate, Meagher & Flom
Manager Counsel: Debevoise & Plimpton
Auditor: Deloitte & Touche LLP
The Company
Provides clinical laboratory services which fall into two general classes of tests: routine and esoteric. The company’s routine or commonly ordered tests include blood cholesterol tests used in the detection of early heart disease; glucose tests to identify diabetes; blood cell measurements; PAP smears used to screen for cervical cancer; and AIDS screening. Esoteric tests, which are ordered infrequently and usually require more specialized equipment, include hepatitis and cancer markers.
Venture Backers
Kelso & Co.
Financing Rounds
Round # Round Date Number of Stage Investors Round Amt. ($ thousands)
1 9/1/98 1 Expansion 27,495
2 11/1/99 1 Expansion 139,600
3 7/1/00 1 Expansion 21,094
Financials
(Data in $ millions except EPS) Y/E (12/31/00)
Total Revenues: $337.50
Net Income: 41.6
EPS: 1.63

United Surgical Partners International
Dallas
Went public 06/08/01 at $14 per share
Filing Range: 9.0 million shares at $13 to $15
Offering Size: $126 million
Post Offering Valuation: $321.5 million
Shares Outstanding: 23.0 million
Underwriters: Credit Suisse First Boston/Lehman Brothers/SG Cowen Securities
Company Counsel: Vinson & Elkins LLP
Manager Counsel: Akin, Gump, Strauss, Havrot & Feld, LLC
Auditor: KPMG LLP
The Company
Develops and acquires surgical facilities in the U.S. and Europe. The company acquires and manages ambulatory surgery centers in the U.S. and private surgical hospitals in Europe. It works in partnership with local physicians and, wherever possible, with a local hospital or health system.
Venture Backers
Welsh, Carson, Anderson & Stowe
Financing Rounds
Round # Round Date Number of Stage Investors Round Amt. ($ thousands)
1 3/2/98 1 Buyout/Acq. 12,965
2 7/1/98 1 Buyout/Acq. 10,556
3 4/1/99 2 Buyout/Acq. 54,750
Financials
(Data in $ millions except EPS) Y/E (12/31/00)
Total Revenues: $135.00
Net Income: -8.3
EPS: -1.82