Two Primus Companies Join the S&P 500

7/2/2009

CLEVELAND, OHIO - Primus Capital Funds (“Primus”) is pleased to announce that DeVry, Inc. (NYSE: DV), a prior portfolio company, and MetroPCS Communications, Inc. (NYSE: PCS), a current portfolio company, were recently added to the S&P 500 index. DeVry was added to the S&P 500 on June 2nd, replacing General Motors Corporation. MetroPCS was added on June 29th, replacing Tyco Electronics Ltd.

Since its founding, Chicago-based DeVry has evolved into a global provider of diverse career-oriented educational programs serving over 70,000 students. Over the years, DeVry has expanded beyond its initial business and technology curricula by adding medical, nursing, and applied healthcare programs. The company went public in June 1991 and currently has a market capitalization of approximately $3.4 billion.

Dallas-based MetroPCS is a provider of unlimited wireless communications services for a flat-rate with no signed contract. MetroPCS owns or has access to licenses covering a population of 143 million people in the largest metropolitan areas in the United States, including New York City, Los Angeles, San Francisco, Dallas, Philadelphia, Atlanta, Detroit, Boston, Miami, Tampa and Sacramento. The company completed its initial public offering in April 2007 and currently has a market capitalization of approximately $5.2 billion.

Founded in 1983, Primus is a Cleveland, OH-based private equity firm that invests in established, high growth companies in the business services, healthcare and education industries. The firm pursues buyouts, control and minority recapitalizations, and expansion financings in partnership with experienced management teams to accelerate growth and improve the operating performance of its portfolio companies. Primus invests $15 to $40 million of equity per transaction and can arrange larger financings through its network of institutional co-investors.