With Ascent's CEO in Residence program, Ascent works with a CEO to acquire an attractive company, with the CEO assuming the CEO job of the acquired company.  Ascent offers CEOs:

• The ability to create in effect their own CEO position and not be constrained by the limitations of an existing CEO job opening with a company

• Up to $1 million in equity of its own capital, with a proven track record of bringing in larger private equity groups to finance acquisitions up to $1 billion in enterprise value.

• Credibility with prospective selling companies - Ascent has an over 30% gross internal rate of return on investments in its fund, and a strong track record of closing transactions.

Summary of Process

• Submission of an executive summary of the company or companies you are targeting.

• Review of selling memorandum or business plan.

• Initial phone call

• Reference checks and initial due diligence conducted by investor groups.

• Letter of Intent signed with acquisition target.

• Completion of due diligence.

• Negotiation of stock purchase agreement and other key legal documents.

• Raising of bank debt.

• Closing of acquisition.