Sale to North Pointe Holdings

Served as exclusive financial advisor to Capital City Holdings, Co. in its sale to North Pointe Holdings Corporation for $41 million.  The sale of Capital City Holdings includes its wholly-owned subsidiary Davis-Garvin Holdings, Inc.  Capital City specializes in workers compensation and other commercial specialty coverages for the forestry industry and other “main street” commercial risks.  Capital City wrote approximately $64 million in direct written premium and reported over $180 million in total assets in 2006.