Renwood Opportunities Fund has Acquired
the Assets of States Industries, Inc.

Dallas, Texas and San Francisco, California (October 7, 2011)

Rosewood Private Investments and Renovo Capital are proud to announce that their Renwood Opportunities Fund has acquired the assets of A.G. Ferrari Foods, Inc. Founded in 1919, A.G. Ferrari supplies specialty Italian food through its nine retail stores in the San Francisco Bay Area. A.G. Ferrari is known for its exceptional service, authentic Italian prepared foods and sandwiches, artisan cheeses, regional wines and traditional Italian groceries. A.G. Ferrari Foods filed for Chapter 11 bankruptcy in May 2011. During the 363 sales process, Renwood Opportunities Fund provided Debtor-in-Possession financing and ultimately acquired A.G. Ferrari's assets.

About Rosewood Private Investments

Rosewood Private Investments ( is the private equity arm of The Rosewood Corporation, a prominent family-owned company with diverse worldwide operations and investments. Rosewood has a long history of investing in profitable, growing middle-market companies that are the best in their respective industries.

About Renovo Capital

Renovo Capital, LLC ( is a private equity group who through its Renwood Opportunities Fund, makes control equity investments in troubled and underperforming companies, and invests in other special situation opportunities. Renovo's investment size ranges from $2 million to $15 million with a primary focus on operating turnarounds, backruptcy reorganizations, debt purchases and out-of-court restructurings for companies in the manufacturing, distribution and service industries.