ASSA ABLOY Infront Sports & Media AG Diploma Holdings PLC Sika AG UBP

KPMG Deal Advisory KPMG Deal Advisory KPMG Deal Advisory KPMG Deal Advisory KPMG Deal Advisory provided ASSA ABLOY with fi nancial, provided Bridgepoint with fi nancial, tax and advised Diploma Holdings PLC on its advised Sika AG on its acquisition of Axson advised Union Bancaire Privée SA on its tax and pension due diligence support pension vendor due diligence assistance in acquisition of Kubo Group by providing Technologies SA, a carve-out of Axson acquisition of Coutts International through on its acquisition of MSL Schloss- und connection with the sale of Infront Sports & fi nancial, tax and pension due diligence Group, with fi nancial, tax and pension due the provision of fi nancial, tax and pension due Beschlägefabrik AG Media AG to Dalian Wanda Group Co., Ltd. diligence, tax structuring, valuation for tax and diligence accounting purposes and the compilation of key elements for the SPA We thank all February 2015 February 2015 March 2015 March 2015 March 2015

Luxaviation Holding our clients for their UBS ZugEstates Swissport International AG Verium AG Company S.A KPMG Deal Advisory KPMG Deal Advisory KPMG Deal Advisory KPMG Deal Advisory KPMG Deal Advisory advised UBS on the disposal of its CEFS advised Zug Estates on the structured sale provided fi nancial, tax and pension due supported Swissport AG with fi nancial and provided Verium AG with fi nancial and tax due International business (renamed Equatex of an industrial property located in the Swiss diligence and fi nancial modelling support tax due diligence in connection with its diligence in connection with its acquisition of AG) with fi nancial vendor assistance, tax Plateau to Luxaviation Holding Company S.A on its acquisition of AGN Aviation Services de C.V a stake in basefi t.ch AG structuring and separation services acquisition of ExecuJet Aviation Group and CREA trust in our March 2015 March 2015 April 2015 May 2015 May 2015

OHG Transgourmet M&A expertise SHL Telemedicine SUVA AG Banque SYZ Induchem Holding AG GmbH & Co. KPMG Deal Advisory KPMG Deal Advisory KPMG Deal Advisory KPMG Deal Advisory KPMG Deal Advisory KPMG Deal Advisory provided valuation services to SHL acted as SUVA's transaction lead advisor on advised Swisscom on the structured sale of a acted as M&A lead advisor to Banque SYZ acted as sole fi nancial adviser to the advised OHG Transgourmet GmbH & Co. Telemedicine’s proposed merger with a the sale of a commercial property in the Basel commercial property in Zurich’s CBD SA on its acquisition of Royal Bank of Canada shareholders of Induchem Holding AG and on its acquisition of EGV Lebensmittel für potential purchaser. SHL applied to the Sciences region (Suisse) SA and provided fi nancial, tax, provided M&A lead advice and tax advice Großverbraucher AG by providing fi nancial, Takeover Board to grant an exemption from pension and regulatory due diligence in connection with the sale of 100% of the tax and legal due diligence and valuation the obligation to make a public tender shares to support

July 2015 July 2015 July 2015 July 2015 August 2015 August 2015

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r s y r a OHG Transgourmet Clarity on Möbel Pfi ster Lugano subsidiary Toga Food SA Valora Holding AG Schroders GmbH & Co. KPMG Deal Advisory KPMG Deal Advisory KPMG Deal Advisory KPMG Deal Advisory KPMG Deal Advisory KPMG Deal Advisory advised OHG Transgourmet GmbH & Co. advised Pfi ster Arco Holding AG on its acted as M&A lead advisor to Société acted as sole fi nancial advisor to Orlando provided fi nancial and pension vendor advised Schroders on an asset swap Mergers & on its acquisition of Frische Paradies KG by acquisition of Möbel Hubacher AG by Générale on its disposal of selected client Management Schweiz AG on the sale of Toga assistance to Valora Holding AG in connection transaction involving the sale of six residential providing fi nancial, tax and legal due diligence providing fi nancial, legal, HR and IT due assets of its Lugano subsidiary to Axion Food SA to Zweifel Chips + Snacks Holding with the sale of its Trade division to Aurelius properties and the acquisition of three and valuation support diligence Swiss Bank, a subsidiary of Banca dello Stato AG, including M&A lead advice and vendor commercial properties in Acquisitions del Cantone Ticino assistance support September 2015 October 2015 November 2015 November 2015 November 2015 November 2015 Switzerland holds back amid global M&A boom

January 2016

22 Meet the tourism leaders Heads of major Swiss tourism bodies share insights into the current and future states of the industry 26 Adent Cliniques Dentaires Activity and outlook by sector Swiss Education Group AG ADM Bell Gategroup Holding AG Swisscom AG A sector-by-sector review of M&A in Groupe SA 2015 and expectations for 2016

68 KPMG Deal Advisory KPMG Deal Advisory KPMG Deal Advisory KPMG Deal Advisory KPMG Deal Advisory KPMG Deal Advisory Swiss deals in 2015 supported Swiss Education Group in the advised Adent Cliniques Dentaires Groupe SA advised ADM with fi nancial, tax and advised Bell Group on its acquisition of advised Gategroup Holding AG on its advised Swisscom AG with fi nancial and Summary of transactions announced in 2015 involving Swiss buyers, sellers sale of Swiss Education Group to Invision on its acquisition of Swiss Dental Group AG compliance due diligence in connection with Hubers Landhendl Group through fi nancial, acquisition of IFS Global AB with fi nancial, tax due diligence of Zanox, Improve Digital, or targets Hospitality by providing fi nancial and tax due diligence its strategic investment in Egypt tax and legal due diligence, valuation, SPA tax and pension due diligence and business Sellbranch, Spree7, RLVNT, Local.fr and iware support as well as tax and legal structuring modelling support after the public acquisition of PubliGroupe SA

To read KPMG’s detailed overview of Mergers & November 2015 December 2015 December 2015 December 2015 December 2015 2014 – 2015 Acquisitions in Switzerland in 2015, including industry analysis and outlook for 2016, please download our latest publication: kpmg.ch/ma © 2016 KPMG Holding AG/SA, a Swiss corporation, is a member of the KPMG network of independent firms affiliated with KPMG International Cooperative (“KPMG International”), a Swiss legal entity. All rights reserved. The KPMG name and logo are registered trademarks.