Insider filing report for Changes in Beneficial Ownership
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- Schedule 13G is a shorter version of Schedule 13D with fewer reporting requirements.
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UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
SCHEDULE 13D
(Amendment No. 6)
Under the Securities Exchange Act of 1934
JANUS CAPITAL GROUP, INC.
-----------------
(Name of Issuer)
Common Stock, Par Value $0.01 Per Share
-----------------------------
(Title of Class of Securities)
47102X105
---------
(CUSIP Number)
Gregory D. Hitchan
Blum Capital Partners, L.P.
909 Montgomery Street, Suite 400
San Francisco, CA 94133
(415) 434-1111
--------------
(Name, Address and Telephone Number of Person
Authorized to Receive Notices and Communications)
October 25, 2007
---------------
(Date of Event which Requires Filing of this Statement)
If the filing person has previously filed a statement on Schedule 13G to
report the acquisition which is the subject of this Schedule 13D, and is
filing this schedule because of Rule 13d-1(b)(3) or (4), check the following
box [ ].
*The remainder of this cover page shall be filled out for a reporting person's
initial filing on this form with respect to the subject class of securities,
and for any subsequent amendment containing information which would alter
disclosures provided in a prior cover page.
The information required on the remainder of this cover page shall not be
deemed to be "filed" for the purpose of Section 18 of the Securities Exchange
Act of 1934 ("Act") or otherwise subject to the liabilities of that section of
the Act but shall be subject to all other provisions of the Act (however, see
the Notes).
Page 1 of 13
CUSIP NO. 47102X105 SCHEDULE 13D Page 2 of 13
- ------------------------------------------------------------------------------
1. NAME OF REPORTING PERSON BLUM CAPITAL PARTNERS, L.P.
S.S. OR I.R.S. IDENTIFICATION NO. OF ABOVE PERSON 94-3205364
- ------------------------------------------------------------------------------
2. CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP* (a) [x]
(b) [x]
- ------------------------------------------------------------------------------
3. SEC USE ONLY
- ------------------------------------------------------------------------------
4. SOURCE OF FUNDS* See Item 3
- ------------------------------------------------------------------------------
5. CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED
PURSUANT TO ITEMS 2(d) or 2(e) [ ]
- ------------------------------------------------------------------------------
6. CITIZENSHIP OR PLACE OF ORGANIZATION California
- ------------------------------------------------------------------------------
7. SOLE VOTING POWER -0-
NUMBER OF -----------------------------------------------------------
SHARES 8. SHARED VOTING POWER 8,178,072**
BENEFICIALLY
OWNED BY EACH -----------------------------------------------------------
PERSON WITH 9. SOLE DISPOSITIVE POWER -0-
-----------------------------------------------------------
10. SHARED DISPOSITIVE POWER 8,178,072**
- ------------------------------------------------------------------------------
11. AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON 8,178,072**
- ------------------------------------------------------------------------------
12. CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES
CERTAIN SHARES [ ]
- ------------------------------------------------------------------------------
13. PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11) 4.8%**
- ------------------------------------------------------------------------------
14. TYPE OF REPORTING PERSON PN, IA
- ------------------------------------------------------------------------------
** See Item 5
* * * * * *
CUSIP NO. 47102X105 SCHEDULE 13D Page 3 of 13
- ------------------------------------------------------------------------------
1. NAME OF REPORTING PERSON RICHARD C. BLUM & ASSOCIATES, INC.
S.S. OR I.R.S. IDENTIFICATION NO. OF ABOVE PERSON 94-2967812
- ------------------------------------------------------------------------------
2. CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP* (a) [x]
(b) [x]
- ------------------------------------------------------------------------------
3. SEC USE ONLY
- ------------------------------------------------------------------------------
4. SOURCE OF FUNDS* See Item 3
- ------------------------------------------------------------------------------
5. CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED
PURSUANT TO ITEMS 2(d) or 2(e) [ ]
- ------------------------------------------------------------------------------
6. CITIZENSHIP OR PLACE OF ORGANIZATION California
- ------------------------------------------------------------------------------
7. SOLE VOTING POWER -0-
NUMBER OF -----------------------------------------------------------
SHARES 8. SHARED VOTING POWER 8,178,072**
BENEFICIALLY
OWNED BY EACH -----------------------------------------------------------
PERSON WITH 9. SOLE DISPOSITIVE POWER -0-
-----------------------------------------------------------
10. SHARED DISPOSITIVE POWER 8,178,072**
- ------------------------------------------------------------------------------
11. AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON 8,178,072**
- ------------------------------------------------------------------------------
12. CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES
CERTAIN SHARES [ ]
- ------------------------------------------------------------------------------
13. PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11) 4.8%**
- ------------------------------------------------------------------------------
14. TYPE OF REPORTING PERSON CO
- ------------------------------------------------------------------------------
** See Item 5
* * * * * *
CUSIP NO. 47102X105 SCHEDULE 13D Page 4 of 13
- -----------------------------------------------------------------------------
1. NAME OF REPORTING PERSON BLUM STRATEGIC GP II, L.L.C.
S.S. OR I.R.S. IDENTIFICATION NO. OF ABOVE PERSON 94-3395150
- -----------------------------------------------------------------------------
2. CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP* (a) [x]
(b) [x]
- -----------------------------------------------------------------------------
3. SEC USE ONLY
- -----------------------------------------------------------------------------
4. SOURCE OF FUNDS* See Item 3
- -----------------------------------------------------------------------------
5. CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED
PURSUANT TO ITEMS 2(d) or 2(e) [ ]
- -----------------------------------------------------------------------------
6. CITIZENSHIP OR PLACE OF ORGANIZATION Delaware
- -----------------------------------------------------------------------------
7. SOLE VOTING POWER -0-
NUMBER OF ----------------------------------------------------------
SHARES 8. SHARED VOTING POWER 8,178,072**
BENEFICIALLY
OWNED BY EACH ----------------------------------------------------------
PERSON WITH 9. SOLE DISPOSITIVE POWER -0-
----------------------------------------------------------
10. SHARED DISPOSITIVE POWER 8,178,072**
- -----------------------------------------------------------------------------
11. AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON 8,178,072**
- -----------------------------------------------------------------------------
12. CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES
CERTAIN SHARES [ ]
- -----------------------------------------------------------------------------
13. PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11) 4.8%**
- -----------------------------------------------------------------------------
14. TYPE OF REPORTING PERSON OO (Limited Liability Company)
- -----------------------------------------------------------------------------
** See Item 5
* * * * * *
CUSIP NO. 47102X105 SCHEDULE 13D Page 5 of 13
- -----------------------------------------------------------------------------
1. NAME OF REPORTING PERSON BLUM STRATEGIC GP III, L.L.C.
S.S. OR I.R.S. IDENTIFICATION NO. OF ABOVE PERSON 04-3809436
- -----------------------------------------------------------------------------
2. CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP* (a) [x]
(b) [x]
- -----------------------------------------------------------------------------
3. SEC USE ONLY
- -----------------------------------------------------------------------------
4. SOURCE OF FUNDS* See Item 3
- -----------------------------------------------------------------------------
5. CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED
PURSUANT TO ITEMS 2(d) or 2(e) [ ]
- -----------------------------------------------------------------------------
6. CITIZENSHIP OR PLACE OF ORGANIZATION Delaware
- -----------------------------------------------------------------------------
7. SOLE VOTING POWER -0-
NUMBER OF ----------------------------------------------------------
SHARES 8. SHARED VOTING POWER 8,178,072**
BENEFICIALLY
OWNED BY EACH ----------------------------------------------------------
PERSON WITH 9. SOLE DISPOSITIVE POWER -0-
----------------------------------------------------------
10. SHARED DISPOSITIVE POWER 8,178,072**
- -----------------------------------------------------------------------------
11. AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON 8,178,072**
- -----------------------------------------------------------------------------
12. CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES
CERTAIN SHARES [ ]
- -----------------------------------------------------------------------------
13. PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11) 4.8%**
- -----------------------------------------------------------------------------
14. TYPE OF REPORTING PERSON OO (Limited Liability Company)
- -----------------------------------------------------------------------------
** See Item 5
* * * * * *
CUSIP NO. 47102X105 SCHEDULE 13D Page 6 of 13
- -----------------------------------------------------------------------------
1. NAME OF REPORTING PERSON BLUM STRATEGIC GP III, L.P.
S.S. OR I.R.S. IDENTIFICATION NO. OF ABOVE PERSON 02-0742606
- -----------------------------------------------------------------------------
2. CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP* (a) [x]
(b) [x]
- -----------------------------------------------------------------------------
3. SEC USE ONLY
- -----------------------------------------------------------------------------
4. SOURCE OF FUNDS* See Item 3
- -----------------------------------------------------------------------------
5. CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED
PURSUANT TO ITEMS 2(d) or 2(e) [ ]
- -----------------------------------------------------------------------------
6. CITIZENSHIP OR PLACE OF ORGANIZATION Delaware
- -----------------------------------------------------------------------------
7. SOLE VOTING POWER -0-
NUMBER OF ----------------------------------------------------------
SHARES 8. SHARED VOTING POWER 8,178,072**
BENEFICIALLY
OWNED BY EACH ----------------------------------------------------------
PERSON WITH 9. SOLE DISPOSITIVE POWER -0-
----------------------------------------------------------
10. SHARED DISPOSITIVE POWER 8,178,072**
- -----------------------------------------------------------------------------
11. AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON 8,178,072**
- -----------------------------------------------------------------------------
12. CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES
CERTAIN SHARES [ ]
- -----------------------------------------------------------------------------
13. PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11) 4.8%**
- -----------------------------------------------------------------------------
14. TYPE OF REPORTING PERSON PN
- -----------------------------------------------------------------------------
** See Item 5
* * * * * *
CUSIP NO. 47102X105 SCHEDULE 13D Page 7 of 13
- -----------------------------------------------------------------------------
1. NAME OF REPORTING PERSON SADDLEPOINT PARTNERS GP, L.L.C.
S.S. OR I.R.S. IDENTIFICATION NO. OF ABOVE PERSON 83-0424234
- -----------------------------------------------------------------------------
2. CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP* (a) [x]
(b) [x]
- -----------------------------------------------------------------------------
3. SEC USE ONLY
- ------------------------------------------------------------------
-----------
4. SOURCE OF FUNDS* See Item 3
- -----------------------------------------------------------------------------
5. CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED
PURSUANT TO ITEMS 2(d) or 2(e) [ ]
- -----------------------------------------------------------------------------
6. CITIZENSHIP OR PLACE OF ORGANIZATION Delaware
- -----------------------------------------------------------------------------
7. SOLE VOTING POWER -0-
NUMBER OF ----------------------------------------------------------
SHARES 8. SHARED VOTING POWER 8,178,072**
BENEFICIALLY
OWNED BY EACH ----------------------------------------------------------
PERSON WITH 9. SOLE DISPOSITIVE POWER -0-
----------------------------------------------------------
10. SHARED DISPOSITIVE POWER 8,178,072**
- -----------------------------------------------------------------------------
11. AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON 8,178,072**
- -----------------------------------------------------------------------------
12. CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES
CERTAIN SHARES [ ]
- -----------------------------------------------------------------------------
13. PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11) 4.8%**
- -----------------------------------------------------------------------------
14. TYPE OF REPORTING PERSON OO (Limited Liability Company)
- -----------------------------------------------------------------------------
** See Item 5
* * * * * *
CUSIP NO. 47102X105 SCHEDULE 13D Page 8 of 13
Item 1. Security and Issuer
- ----------------------------
This Amendment No. 6 amends the Statement on Schedule 13D (the "Schedule 13D")
filed with the Securities and Exchange Commission (the "Commission") on
October 18, 2007 by Blum Capital Partners, L.P., a California limited
partnership ("Blum LP"); Richard C. Blum & Associates, Inc., a California
corporation ("RCBA Inc."); Blum Strategic GP II, L.L.C., a Delaware limited
liability company ("Blum GP II"); Blum Strategic GP III, L.L.C., a Delaware
limited liability company ("Blum GP III"); Blum Strategic GP III, L.P., a
Delaware limited partnership ("Blum GP III LP"); and Saddlepoint Partners GP,
L.L.C., a Delaware limited liability company ("Saddlepoint GP") (collectively,
the "Reporting Persons").
This Amendment to the Schedule 13D relates to shares of common stock, $0.01
par value per share (the "Common Stock") of Janus Capital Group, Inc., a
Delaware corporation (the "Issuer"). The principal executive office and
mailing address of the Issuer is 151 Detroit Street, Denver, CO 80206.
The following amendments to the Schedule 13D are hereby made. Unless
otherwise defined herein, all capitalized terms shall have the meanings
ascribed to them in the Schedule 13D.
Item 2. Identity and Background
- --------------------------------
There have been no changes to Item 2 since the Schedule 13D Amendment
filed on October 11, 2007.
Item 3. Source and Amount of Funds or Other Considerations
- ------------------------------------------------------------
There have been no changes to Item 3 since the Schedule 13D Amendment
filed on October 11, 2007.
Item 4. Purpose of Transaction
- -------------------------------
There have been no changes to Item 4 since the initial Schedule 13D
filed on February 14, 2005.
* * * * * *
CUSIP NO. 47102X105 SCHEDULE 13D Page 9 of 13
Item 5. Interest in Securities of the Issuer
- ---------------------------------------------
(a), (b) According to the Issuer's Form 10-Q filed with the Commission on
October 25, 2007, there were 170,466,879 shares of Common Stock issued and
outstanding as of October 24, 2007. Based on such information, after taking
into account the transactions described in Item 5(c) below, the Reporting
Persons report beneficial ownership of the following shares of Common Stock:
(i) 1,201,622 shares of Common Stock held by Blum LP and RCBA Inc. on behalf
of the limited partnerships for which Blum LP serves as the general partner,
or on behalf of an entity for which Blum LP serves as investment advisor,
which represents 0.7% of the outstanding shares of the Common Stock; (ii)
3,522,950 shares of the Common Stock held by Blum GP II on behalf of the
limited partnership for which it serves as the general partner and on behalf
of the limited partnership for which it serves as the managing limited
partner, which represents 2.1% of the outstanding shares of the Common Stock;
(iii) 3,135,300 shares of the Common Stock held by Blum GP III which serves as
general partner of Blum GP III LP which, in turn, serves as the general
partner of Blum Strategic III, which represents 1.8% of the outstanding shares
of the Common Stock; (iv) 142,400 shares of the Common Stock held by
Saddlepoint GP on behalf of a partnership for which it serves as the general
partner, which represents 0.1% of the outstanding shares of the Common Stock;
and (v) 87,900 shares of the Common Stock that are legally owned by The
Nuclear Decommissioning Trust of Dominion Nuclear Connecticut, Inc. ("Dominion
Connecticut"), which represents 0.1% of the outstanding shares of the Common
Stock and 87,900 shares of the Common Stock that are legally owned by
Virginia Electric and Power Company Qualified Nuclear Decommissioning Trust
("Virginia Electric")(collectively, the "Investment Advisory Clients"), which
represents 0.1% of the outstanding shares of the Common Stock, with respect to
which Blum LP has voting and investment power. Each Investment Advisory
Client has entered into an investment management agreement with Blum LP, but
neither Investment Advisory Client has any contract, arrangement or
understanding with the other Investment Advisory Client, or any other
Reporting Person, with respect to the acquisition, ownership, disposition or
voting of any shares of the Common Stock. Each Investment Advisory Client
disclaims membership in a group with any Reporting Person or with the other
Investment Advisory Client, and each disclaims beneficial ownership of any
shares beneficially owned by the Reporting Persons other than for their own
account.
* * * * * *
CUSIP NO. 47102X105 SCHEDULE 13D Page 10 of 13
Voting and investment power concerning the above shares are held solely by
Blum LP, Blum GP II, Blum GP III and Saddlepoint GP. The Reporting Persons
therefore may be deemed to be members in a group, in which case the group
would be deemed to have beneficial ownership of an aggregate of 8,178,072
shares of the Common Stock, which is 4.8% of the outstanding Common Stock. As
the sole general partner of Blum LP, RCBA Inc. is deemed the beneficial owner
of the securities over which Blum LP has voting and investment power. The
filing of this Schedule shall not be construed as an admission that any of the
shareholders, directors or executive officers of RCBA Inc. or the managing
members and members of Blum GP II, Blum GP III LP, Blum GP III and Saddlepoint
GP, is, for any purpose, the beneficial owner of any of the securities that
are beneficially owned by RCBA Inc., Blum GP II, Blum GP III LP, Blum GP III
or Saddlepoint GP.
c) The Reporting Persons effected the following transactions in the Common
Stock since the last filed Schedule 13D Amendment:
The Reporting Persons sold the following number of shares of Common Stock
in the open market:
Entity Trade Date Shares Price/Share
- ------ ---------- -------- -----------
Investment partnerships for 10-23-2007 23,800 32.8201
which Blum LP serves as the 10-23-2007 13,000 32.9117
general partner and on behalf 10-23-2007 17,800 32.9183
of an entity for which Blum LP 10-23-2007 2,000 32.9500
serves as investment advisor. 10-23-2007 28,000 32.9738
10-24-2007 22,000 32.7609
10-24-2007 18,700 32.7724
10-24-2007 7,400 32.8156
10-25-2007 220,200 32.0700
10-25-2007 44,100 32.9447
10-25-2007 44,100 32.9599
10-25-2007 10,700 32.9764
Entity Trade Date Shares Price/Share
- ------ ---------- -------- -----------
The limited partnerships for 10-23-2007 69,900 32.8201
which Blum GP II serves as the 10-23-2007 38,000 32.9117
general partner and the managing 10-23-2007 51,800 32.9183
limited partner. 10-23-2007 6,095 32.9500
10-23-2007 82,600 32.9738
10-24-2007 64,700 32.7609
10-24-2007 54,835 32.7724
10-24-2007 21,500 32.8156
10-25-2007 646,200 32.0700
10-25-2007 129,200 32.9447
10-25-2007 129,200 32.9599
10-25-2007 31,120 32.9764
* * * * * *
CUSIP NO. 47102X105 SCHEDULE 13D Page 11 of 13
Entity Trade Date Shares Price/Share
- ------ ---------- -------- -----------
For Blum Strategic III for 10-23-2007 62,100 32.8201
which Blum GP III LP 10-23-2007 33,700 32.9117
serves as the general partner 10-23-2007 46,200 32.9183
and for Blum GP III which 10-23-2007 5,300 32.9500
serves as the general 10-23-2007 73,600 32.9738
partner for Blum GP III LP. 10-24-2007 57,500 32.7609
10-24-2007 48,800 32.7724
10-24-2007 19,200 32.8156
10-25-2007 575,100 32.0700
10-25-2007 115,100 32.9447
10-25-2007 115,100 32.9599
10-25-2007 27,400 32.9764
Entity Trade Date Shares Price/Share
- ------ ---------- -------- -----------
The partnership for which 10-23-2007 2,800 32.8201
Saddlepoint GP serves as 10-23-2007 1,500 32.9117
general partner. 10-23-2007 2,100 32.9183
10-23-2007 200 32.9500
10-23-2007 3,400 32.9738
10-24-2007 2,600 32.7609
10-24-2007 2,200 32.7724
10-24-2007 900 32.8156
10-25-2007 26,100 32.0700
10-25-2007 5,200 32.9447
10-25-2007 5,200 32.9599
10-25-2007 1,300 32.9764
Entity Trade Date Shares Price/Share
- ------ ---------- -------- -----------
The Investment Advisory 10-23-2007 3,400 32.9117
Clients for which Blum LP 10-23-2007 1,800 32.9117
serves as investment advisor. 10-23-2007 2,600 32.9183
10-23-2007 200 32.9500
10-23-2007 4,400 32.9738
10-24-2007 3,200 32.7609
10-24-2007 2,800 32.7724
10-24-2007 1,000 32.8156
10-25-2007 32,400 32.0700
10-25-2007 6,400 32.9447
10-25-2007 6,400 32.9599
10-25-2007 1,600 32.9764
(d) Not applicable.
(e) The Reporting Persons ceased to beneficially own 5% of the Issuer's issued
and outstanding Common Stock on October 25, 2007.
* * * * * *
CUSIP NO. 47102X105 SCHEDULE 13D Page 12 of 13
Item 6. Contracts, Arrangements, Understandings or Relationships with
Respect to Securities of the Issuer
- ----------------------------------------------------------------------
There have been no changes to Item 6 since the Schedule 13D Amendment
filed on May 8, 2006.
Item 7. Material to be Filed as Exhibits
- -----------------------------------------
Exhibit A - Joint Filing Undertaking
* * * * * *
CUSIP NO. 47102X105 SCHEDULE 13D Page 13 of 13
SIGNATURES
After reasonable inquiry and to the best of our knowledge and belief, the
undersigned certify that the information set forth in this statement is true,
complete and correct.
Dated: October 29, 2007
RICHARD C. BLUM & ASSOCIATES, INC. BLUM CAPITAL PARTNERS, L.P.
By: Richard C. Blum & Associates, Inc.
its General Partner
By: /s/ Gregory D. Hitchan By: /s/ Gregory D. Hitchan
------------------------------- -----------------------------------
Gregory D. Hitchan Gregory D. Hitchan
Partner, General Counsel and Partner, General Counsel and
Secretary Secretary
BLUM STRATEGIC GP II, L.L.C. BLUM STRATEGIC GP III, L.L.C.
By: /s/ Gregory D. Hitchan By: /s/ Gregory D. Hitchan
------------------------------- ------------------------------------
Gregory D. Hitchan Gregory D. Hitchan
Member and General Counsel Member and General Counsel
BLUM STRATEGIC GP III, L.P. SADDLEPOINT PARTNERS GP, L.L.C.
By: Blum Strategic GP III, L.L.C. By: Blum Capital Partners, L.P.
its General Partner its Managing Member
By: Richard C. Blum & Associates, Inc.
its General Partner
By: /s/ Gregory D. Hitchan By: /s/ Gregory D. Hitchan
---------------------------- -------------------------------
Gregory D. Hitchan Gregory D. Hitchan
Member and General Counsel Partner, General Counsel and
Secretary
* * * * * *
CUSIP NO. 47102X105 SCHEDULE 13D Page 1 of 1
Exhibit A
JOINT FILING UNDERTAKING
The undersigned, being duly authorized thereunto, hereby execute this
agreement as an exhibit to this Schedule 13D to evidence the agreement of the
below-named parties, in accordance with the rules promulgated pursuant to the
Securities Exchange Act of 1934, to file this Schedule jointly on behalf of
each such party.
Dated: October 29, 2007
RICHARD C. BLUM & ASSOCIATES, INC. BLUM CAPITAL PARTNERS, L.P.
By: Richard C. Blum & Associates, Inc.
its General Partner
By: /s/ Gregory D. Hitchan By: /s/ Gregory D. Hitchan
------------------------------- -----------------------------------
Gregory D. Hitchan Gregory D. Hitchan
Partner, General Counsel and Partner, General Counsel and
Secretary Secretary
BLUM STRATEGIC GP II, L.L.C. BLUM STRATEGIC GP III, L.L.C.
By: /s/ Gregory D. Hitchan By: /s/ Gregory D. Hitchan
------------------------------- ------------------------------------
Gregory D. Hitchan Gregory D. Hitchan
Member and General Counsel Member and General Counsel
BLUM STRATEGIC GP III, L.P. SADDLEPOINT PARTNERS GP, L.L.C.
By: Blum Strategic GP III, L.L.C. By: Blum Capital Partners, L.P.
its General Partner its Managing Member
By: Richard C. Blum & Associates, Inc.
its General Partner
By: /s/ Gregory D. Hitchan By: /s/ Gregory D. Hitchan
---------------------------- -------------------------------
Gregory D. Hitchan Gregory D. Hitchan
Member and General Counsel Partner, General Counsel and
Secretary