Black Diamond Capital Management, L.L.C. Completes Asset Purchase From Sun World International, Inc.

LAKE FOREST, Ill., Feb. 28 -- Black Diamond Capital Management, L.L.C., a leading privately-held alternative asset management firm with approximately $6 billion under management, today announced that Sun World International, LLC, a limited liability company 100 percent-owned by entities managed by Black Diamond has acquired substantially all of the assets of Sun World International, Inc. for $127.75 million. Going forward, the company will do business under the name of Sun World International, LLC.

Sun World International, Inc. filed voluntary petitions for reorganization under Chapter 11 of the United States Bankruptcy Code on January 30, 2003. An auction of the company's assets was held on January 13, 2005, and on the following day the Bankruptcy Court confirmed Black Diamond-managed entities as the winning bidder.

"We are excited about Sun World's long-term value potential as a leading agricultural producer and are committed to enhancing its growth and profitability," stated Christopher Kipley, a Partner at Black Diamond. "We intend to build upon Sun World's core strengths and its excellent organization so that the company will be able to continue to serve the needs of its customers.

"The acquisition is also good news for ... // 52% Remaining