Recent News Liberty Partners Acquires Step2

NEW YORK, NY - April 13, 2006 - Liberty Partners, L.P., today announced its acquisition of The Step2 Company, a leading designer, manufacturer and marketer of large-format, branded children’s and home products including outdoor play and riding products, indoor play and furniture, mailboxes, and lawn & garden products. The company’s portfolio includes over 150 SKUs that are sold through toy retailers, mass merchants, home centers and through the Internet. In addition to an active product development effort, Step2’s product portfolio focuses on traditional, classic designs that retain their attractiveness and appeal.

“We are delighted to support Step2's future growth,” said Yvonne Marsh, Managing Director of Liberty Partners. “Step2 has built a strong brand based on high quality and innovative products, new product development and a focus on customer relationships, and we look forward to working with the company to build on its leadership position in the market.”

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