HighBank advises Paramount Capital Group, Inc. on its minority growth investment by Blue Elephant Capital Management

April 26, 2018

HighBank Advisors ("HighBank"), a Baltimore, Maryland-based mid-market investment bank, announces that it was the exclusive financial advisor to Paramount Capital Group, Inc. (“Paramount”) on its minority growth investment by Blue Elephant Capital Management LLC ("Blue Elephant") and on its expanded senior credit facility. Terms of the transaction were not disclosed.

Founded in 1997, Paramount provides alternative financing for trade and technical school students, enabling schools to offer an education to individuals with lower or limited credit histories. Over the course of more than twenty years, Paramount has grown to become an industry leader in vocational school tuition financing and servicing. However, Paramount's growth was tempered by capital constraints. With Paramount's long standing reputation as a trusted vocational school lender, they experienced an increased demand from their partner schools creating a need for a broader capital base. HighBank advised Paramount regarding its capital needs to expand its financial capabilities and continue to grow its vocational school lending services across a variety of industries.

Ryan Paul, President and Chief Executive Officer of Paramount, commented, "HighBank worked tirelessly over the course of this transaction, helping us find a solution tailored to our needs which will complement our growth initiatives and pave the way to our next phase of expansion. I am excited for Paramount's continued growth."

Karl Buettner, Managing Director at HighBank, stated, "It was a pleasure working with Ryan and the rest of the team at Paramount. Ryan and his team have built a very impressive business and I am excited to follow Paramount's progress as their strategic growth initiatives come to fruition."

About Paramount Capital Group, Inc.

Founded in 1997, Paramount Capital Group, Inc. is a specialty finance company that grew to become a trusted leader in vocational school tuition financing and servicing. Paramount partners with CDL driver training programs as well as trade and technical schools to serve students seeking meaningful career opportunities across a variety of industries. With their unique underwriting method, Paramount increases enrollment for their partner schools by providing financing to students with lower or limited credit histories who may not be able to obtain traditional financing. For more information, visit www.paracap.com.

About Blue Elephant Capital Management LLC

Blue Elephant Capital Management is an SEC-registered alternative credit asset manager. The Blue Elephant investment profile is low duration, high yield, and with low correlation to liquid markets. Blue Elephant builds its portfolios by analyzing a broad group of specialty finance verticals, with a focus on smaller balance opportunities that display unique payment profiles. They partner with originators where volumes are generally less than $250mm per year, and who operate in fragmented markets where larger banks are generally not competitive. Blue Elephant has built a systematic framework for investing in private credit and our approach has broad applications across loan valuation, return forecasting, portfolio optimization, and risk management. For more information, visit www.bluelep.com.

About HighBank Advisors LLC

HighBank is a full service mid-market investment bank and financial advisory firm. Headquartered in Baltimore, Maryland with a regional office in Philadelphia, Pennsylvania, the firm provides advice on mergers and acquisitions, raising capital, exit and transaction planning, business valuations, fairness and capital adequacy opinions, loan workouts and debt restructurings, and distressed asset sales. HighBank was formed on a mission that our clients and our people deserve to have their highest expectations met and to receive higher value for their investments of money and time. For more information, visit www.highbankadvisors.com.

All investment banking services are provided by HighBank Securities LLC ("HBS"), a registered broker-dealer and member of FINRA and SIPC. HBS is a wholly-owned subsidiary of HighBank Advisors.

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Stephen Gaines
Managing Director
Office: 443.478.1970
Cell: 410.804.4868
sgaines@highbank.com

Steve Halbert
Senior Advisor

Cell: 44 777 849 8408
shalbert@highbank.com

Karl Buettner
Managing Director
(Philadelphia)
Cell: 610.283.0891
kbuettner@highbank.com

Rebecca McGinley
Managing Director
Office: 443.478.1985
Cell: 443.326.4862
rmcginley@highbank.com

Raymond Melcher, Jr.
Managing Director
(Philadelphia)
Cell: 484.797.9796
rmelcher@highbank.com

Dennis O'Neill
Managing Director
Office: 443.478.1978
Cell: 202.255.7287
doneill@highbank.com

Vladimir Walko
Managing Director
(Philadelphia)
Cell: 610.716.1776
vwalko@highbank.com

Mike Huecker
Director
Office: 443.478.1982
Cell: 410.507.1713
mhuecker@highbank.com

All investment banking services are provided by HighBank Securities LLC ("HBS"), a registered broker-dealer and member of FINRA and SIPC.

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