Bison Capital Partners IV, LP announces investment in Clinical Research Laboratories, Inc.

Santa Monica, CA – December 5, 2014 – Bison Capital Partners IV, LP (“Bison Capital”) has announced a significant investment in Clinical Research Laboratories, Inc. (“CRL”). CRL, located in central New Jersey, operates as a leading independent contract laboratory providing a wide range of clinical safety and efficacy testing to the cosmetic, personal care, and pharmaceutical industries. The Company provides expertise in the areas of dermatology, photobiology, ophthalmology, gynecology, oral care, bioinstrumentation, microbiology, cosmetology, clinical trials, and associated services…

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About Clinical Research Laboratories, Inc.

Clinical Research Laboratories is a leading independent contract laboratory providing a wide range of clinical safety and efficacy testing to the cosmetic, personal care, and pharmaceutical industries. The Company provides expertise in the areas of dermatology, photobiology, ophthalmology, gynecology, oral care, bioinstrumentation, microbiology, cosmetology, clinical trials, and associated services.

CRL has completed over 20,000 clinical studies for more than 300 different clients and has established long term contracts with many of the largest consumer product companies in the world. The Company routinely conducts studies for safety, efficacy and claims substantiation.

www.crlresearchlabs.com

About Bison Capital

Bison Capital is a Los Angeles and New York based private equity firm that makes growth capital investments in middle‐market companies, public or private, for expansion, acquisitions, and balance sheet recapitalizations. The firm’s primary investment focus is partnering with entrepreneurs and management teams seeking capital to grow their businesses. www.bisoncapital.com