Capmark Financial Group Inc. announced that it has entered into a series of agreements pursuant to which it will acquire Bluestem Brands Inc. Upon consummation of the acquisition of Bluestem by Capmark, Steve Nave, Bluestem's Chief Executive Officer, will become Chief Executive Officer of Capmark. Bill Gallagher and Tom Fairfield, the company's current Chief Executive Officer and Chief Operating Officer, respectively, will remain with Capmark with responsibility for the continued management of the company's legacy assets. Gene Davis will remain the company's Executive Chairman of the Board, and the Board will be expanded to include Mr. Nave and additional representatives of Centerbridge, as contemplated by the previously announced investment agreement between the company and Centerbridge.