Tony Melman and Belinda Stronach unite to form new business

TORONTO, May 24, 2012 /CNW/ - Dr. Anthony Melman and Belinda Stronach today announced that they have formed a partnership and established Acasta Capital Inc, a company that will harness the expertise and global reach of two of Canada's most prominent business leaders.

Acasta Capital serves as an advisor to CEOs, senior executives and boards of directors seeking to enhance their organization's strategic opportunities, financial strategies and competitive distinction in an increasingly complex and globalized environment. Acasta combines a wealth of experience in facilitating and delivering value-transforming strategic and operational initiatives. Additionally, with extensive political and public policy experience, Acasta is able to provide its clients with the integrated assistance required to navigate both industry and government to achieve their objectives.

"For most of my career, I have worked with CEOs of companies to achieve market leadership and to create exceptional value through strategic initiatives. My experience and focus on value-based transformative change through mergers and acquisitions, corporate reorganizations, financial optimization and risk management, forms the foundation of what we are bringing to our clients," said Tony Melman.

"I look forward to working closely with Tony and the highly experienced and strong team of people we have attracted from other leading organizations. By offering a full and integrated suite of services on both the capital and strategy sides, we are working directly with CEOs and the senior leadership of companies on any challenge they may face and are in a position to deliver substantial value," stated Belinda Stronach.

Throughout Tony's career in banking and private equity, he has created billions of dollars of value for investors and partners. Before spending 22 years at the core of Onex Corporation, he had been Senior Vice-President of the Canadian Imperial Bank of Commerce in charge of worldwide merchant banking, project financing, acquisitions and other specialized financing activities. Tony focuses on the strategic transformation of businesses to achieve increased growth and competitive positioning with financially strong sustainability. His experience in building and transforming a wide variety of companies spans multiple industries and geographies.

Tony is currently Chairman and CEO of Nevele Partners Inc. He is a director of some of Canada's most distinguished companies: Canadian Pacific Railway Limited and the Ontario Lottery and Gaming Corporation (OLG), where he is chair of the Board Budget and Finance Committee. He has also served on boards of notable public and private companies and also not-for-profit organizations. He was most recently Chair of Baycrest (the global leader in developing and providing innovations in aging and brain health), where he now continues as a director.

Belinda Stronach has forged a unique position at the intersection of the private sector and public service, enabling her to bring to bear the invaluable experience, knowledge and relationships from both worlds. She is highly experienced in business as well as negotiating and working with governments to advance projects and policies in the public interest.

Belinda is currently Co-Chairman and President of The Stronach Group, a privately-held multi- billion dollar consortium that owns, operates and manages a number of leading businesses in a wide range of industries as well as premier development properties and real estate assets in North America and Europe. She has been Executive Vice-Chairman as well as President and CEO of Magna International Inc. Belinda served in public office as a twice-elected Member of Parliament and Canadian Minister of Human Resource and Skills Development at the Cabinet table.

SOURCE Acasta Capital Inc.

For further information:

Mark Entwistle at mae@acastacapital.com

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Acasta Capital Inc.

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