Magnolia Capital Partners Announces Acquisition of Ordinary Shares of Atlas Financial Holdings Inc.

Abstract

Nadel and Gussman Combined Funds, LLC is the sole member of Magnolia and a joint actor of Magnolia in the circumstances. Ellbar Partners Management, LLC ("EPMgmt") serves as the sole manager to Magnolia, with Mr. James F. Adelson ("Adelson") and Mr. Stephen J. Heyman ("Heyman") serving as the sole managers to EPMgmt, and will in such capacity exercise control and direction over the 1,357,904 Ordinary Shares beneficially owned by Magnolia. EPMgmt, Adelson and Heyman are also joint actors of Magnolia in the circumstances.