Financial Sponsors Group

FINANCIAL SPONSOR HIGHLIGHTS

Sponsor Related M&A Volume M&A Capital Markets

Over 40% of our M&A clients are Stephens Equity Capital Markets non-sponsor backed privately Platform is one of the fastest growing owned businesses across all investment banks

Since 2010: Since 2010: • Completed 103 sponsor related • Completed 93 sponsor related M&A transactions Offerings • Deal value has grown at a 49.6% • 47% of Capital Market CAGR since transactions are Sponsor Related

Deal Statistics Since 2010: Deal Statistics Since 2010: • Median Deal Size: $90.0mm • Average IPO: $437.6mm • Average Deal Size: $259.3mm • Average FO: $282.2mm

Note: Dollars in Billions

Consumer Energy Financial Services Healthcare

• Consumer Products • Alternative & Renewable • Financial Institutions • Healthcare Services & Services Energy • • Life Sciences • Food & Agribusiness • Exploration & Production • Specialty Finance • Medical Technologies • Restaurants • Midstream • Retail & Apparel • Oilfield Services

Industrial Power & Industrial Tech. Technology Telecom & Media

• Basic Materials & • Energy Management • Business Application • Media Construction • Power Technology Software/SaaS • Telecommunication • Specialty Distribution • Utility Solutions • Communications & Services • Industrial Services • Clean Technology Enterprise Systems • Transportation & • Industrial Technology • Infrastructure Software Logistics • Applied Technology • Internet & Information Services • Technology-Enabled Services Stephens Inc.

Founded in 1933, Stephens Inc. is an independent financial services firm with the freedom to focus on what matters most- building value for our clients. We are committed to establishing and maintaining long-term relationships based on integrity and trust and delivering long-term results based on independent thinking. Stephens is a full service firm offering , money management, wealth management, securities , equity research and general securities brokerage and trading services to a broad client base of corporations, state and local governments, financial institutions, institutional investors and individual investors.

Stephens’ Financial Sponsors Group is focused on building long-term relationships with firms through a highly targeted, high-touch coverage effort. Stephens’ approach is to provide value-added insight and proprietary ideas to sponsors that focus on similar market areas. We coordinate communication with our industry bankers who possess in-depth knowledge of their respective industry groups’ dynamics and participants. Stephens’ unique combination of transaction experience and industry expertise allows us to provide the private equity community with a comprehensive array of strategic advisory and execution capabilities. We specialize in providing unvarnished advice on , of public debt and equity securities, and private placements of debt and equity. Not Disclosed Not Disclosed $630 Million Not Disclosed Not Disclosed (Pending)

Has made a minority Has Agreed to be Has Received Investment From Has Been Acquired by Has Acquired Investment in Acquired by

Berkshire Hathaway Inc.

$700 Million Not Disclosed Not Disclosed $130 Million Not Disclosed

Has Acquired A Portfolio Company of A Portfolio Company of Has Divested Has Been Acquired by

A Portfolio Company of Has Been Acquired by Has Been Acquired by To

$122 Million $104 Million $400 Million $578 Million $472 Million

A Portfolio Company of A Portfolio Company of A Portfolio Company of A Portfolio Company of A Portfolio Company of

Follow-On IPO IPO Follow-On IPO

Co-Manager Co-Manager Co-Manager Co-Manager Co-Manager

$64 Million $112 Million $124 Million $121 Million $189 Million

A Portfolio Company of A Portfolio Company of A Portfolio Company of A Portfolio Company of A Portfolio Company of

IPO Follow-On Follow-On IPO IPO

Co-Manager Co-Manager Co-Manager Co-Manager Co-Manager

Note: Stephens’ client is represented by the top logo in each tombstone.

Brian Bratcher, Managing Director Palmer Henson, Managing Director Head of Financial Sponsors Group Atlanta, GA Little Rock, AR 404-461-5136 501-377-6325 [email protected] [email protected]

Dominic Wallis, Managing Director Tucker Laurens, Associate Stephens Europe Limited San Francisco, CA London, UK 415-548-6913 +44 20 3757 9867 [email protected] [email protected]

LITTLE ROCK • ATLANTA • BOSTON • DALLAS NASHVILLE • NEW YORK • SAN FRANCISCO

STEPHENS INC. • MEMBER NYSE, SIPC • 800-643-9691 @Stephens_Inc STEPHENSINVESTMENTBANKING.COM

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