Business Services Report Q3 2017

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60 48 50 Financial 40 34 20% 29 30 24 26 18 20 15 7 10 5 2 Strategic - 80% Education Business Facility Human Information Marketing Real Estate IT Services Specialty Professional and Training Process Services and Resources Services Services Services Consulting Services Outsourcing Industrial Services

Amount Date Target Buyer(s) Segment TEV/ Rev TEV/ EBITDA ($ in Mil) 9/21/2017 Acturus, Inc. MetrixLab BV Specialty Consulting 13.40 0.58x 4.47x 9/21/2017 Smart Resources, Inc. BG Staffing, Inc. Human Resources 6.00 0.45x - 9/20/2017 Absolute Consulting, Inc. GSE Performance Solutions, Inc. Specialty Consulting 8.75 0.22x - 9/7/2017 Institutional Shareholder Services, Inc. Genstar Capital LLC Business Process 720.00 - - 8/7/2017 Symphony Health Solutions Corp. Pharmaceutical Research Associates, Inc. SpecialtyOutsourcing Consulting 530.00 - - 8/3/2017 Latam Digital Ventures Prisa Brand Solutions SL Marketing Services 2.96 0.29x - 7/31/2017 CDI Corp. AE Industrial Partners LLC Human Resources 151.74 0.20x NM 7/25/2017 Intacct Corp. The Sage Group Plc Professional Services 850.00 8.85x -

7/12/2017 Wells Fargo & Co. (Share Registration & Equiniti Group Plc Professional Services 227.00 2.18x - Services Bus) 7/12/2017 GCA Services Group, Inc. ABM Industries, Inc. Facility Services and 1,250.00 - - Industrial Services 7/5/2017 Accountable Healthcare Holdings Corp. Mitsui & Co., Ltd. Human Resources 88.39 0.62x - Strategic Buyer Inv. Date Select Corporate Acquisitions Arrow Exterminators, Inc. 3/9/2017 ▪ Exterm-A-Tech, Inc. 12/1/2016 ▪ Action Termite & Pest Control LLC 11/02/2016 ▪ Whitco Pest Management, Inc. 5/10/2016 ▪ Spencer Pest Control Co. Of South Carolina, Inc. 3/7/2016 ▪ Frye Exterminating Co., Inc. 1/21/2016 ▪ BugMaster Termite & Pest Control 1/5/2016 ▪ Universal Pest Control Inc. Accenture PLC 9/6/2017 ▪ Interactive Broadband Consulting Group LLC 9/6/2017 ▪ Matter, Inc. 7/12/2017 ▪ clearhead Group LLC 6/7/2017 ▪ Phase One Consulting Group, Inc. 6/1/2017 ▪ LabAnswer Government LLC 4/12/2017 ▪ Beespath, Inc. /Closingbridge/ 3/24/2017 ▪ First Annapolis Consulting, Inc. 3/1/2017 ▪ Davies Consulting LLC Terracon Consultants, Inc. 7/5/2017 ▪ Dente Engineering PC 12/6/2016 ▪ CHJ Consultants, Inc. 11/3/2016 ▪ Geotechnical Consulting & Testing, Inc. 8/4/2016 ▪ Mayes Testing Engineers, Inc. Asure Software, Inc. 5/26/2017 ▪ iSystems LLC 1/3/2017 ▪ Corporate Payroll, Inc. 1/3/2017 ▪ Personnel Management Systems, Inc. 1/3/2017 ▪ Payroll Specialties NW, Inc. Sunbelt Rentals, Inc. 6/1/2017 ▪ MSP Equipment Rentals, Inc. 5/22/2017 ▪ RGR Equipment LLC 5/1/2017 ▪ Noble Rents, Inc. /Equipment Rental Operations/ 4/26/2017 ▪ Van's Equipment Denver LLC 4/3/2017 ▪ Pride Equipment Corp. 9/15/2016 ▪ Tower Tech, Inc. (Rental Division) 6/6/2016 ▪ One Source Cooling LLC HUB International Ltd. 9/18/2017 ▪ Benefits Advisory Group LLC 7/14/2017 ▪ MillsonJames LLC

Financial Buyer Inv. Date Select Corporate Acquisitions AE Industrial Partners LLC 8/28/2017 ▪ Bartlett Holdings, Inc. 7/31/2017 ▪ CDI Corp. 6/27/2017 ▪ Vortex Aviation, Inc. CI Capital Partners LLC 9/7/2017 ▪ Delphic Digital LLC 8/3/2017 ▪ Performance Sales & Marketing 6/6/2017 ▪ Nature's Trees, Inc. 4/4/2017 ▪ Signature Specialty Sales & Marketing, Inc. 3/6/2017 ▪ Simplified Logistics LLC Genstar Capital LLC 9/7/2017 ▪ Institutional Shareholder Services, Inc. 7/10/2017 ▪ STACK Media, Inc. 11/1/2016 ▪ BrightScope, Inc. New Mountain Capital LLC 7/11/2017 ▪ First Recovery Group LLC 3/31/2017 ▪ TRC Cos., Inc. 10/6/2016 ▪ Convey Health Solutions, Inc. Wind Point Advisors LLC 7/7/2017 ▪ Ultra Environmental Services, Inc. 6/6/2017 ▪ Valicor Environmental Services LLC 15.0% 10.0% 5.0% 0.0% -5.0% -10.0% -15.0% -20.0% -25.0%

Education & Training Facility Services and Industrial Services Real Estate Services Specialty Consulting S&P 500

15.0%

10.0%

5.0%

0.0%

-5.0%

-10.0%

Business Process Outsourcing Information Services Human Resources Marketing Services IT Services S&P 500

Market Stats Operating Stats LTM Multiples NTM Multiples Est. TEV/ TEV/ Market Cap Quarter YTD % of 52 EBITDA TEV/ TEV/ Price/ Company Name Symbol Price ($) Revenue NTM NTM ($ in Mil) Change Change Week High Margin Rev EBITDA EPS Growth Revenue EBITDA Pearson Plc PSON-GB $ 6,758 $ 8.21 -11.9% -25.2% 0.791156 (4.8%) 6.3% 1.4x 5.6x NM 1.5x 9.6x John Wiley & Sons, Inc. JW.A-US 3,076 53.50 1.0% -1.8% 92.6% 0.5% 20.6% 2.0x 9.3x 33.9x 2.0x 9.5x Graham Holdings Co. GHC-US 2,707 585.10 -0.9% 14.3% 95.0% NM 15.4% 1.1x 6.3x 24.7x NM NM Strayer Education, Inc. STRA-US 975 87.27 -7.0% 8.2% 91.2% 6.8% 16.4% 1.8x 10.4x 27.2x 1.7x 9.1x Capella Education Co. CPLA-US 819 70.15 -17.9% -20.1% 70.7% 3.4% 18.6% 1.5x 7.5x 19.9x 1.5x 7.2x K12, Inc. LRN-US 727 17.84 -1.1% 4.0% 84.2% 4.1% 11.2% 0.6x 5.3x NM 0.5x 3.9x Career Education Corp. CECO-US 718 10.39 8.3% 3.0% 82.5% (5.5%) 8.9% 0.9x 38.4x NM 0.9x NM GP Strategies Corp. GPX-US 516 30.85 13.8% 7.9% 99.4% 7.5% 8.4% 1.1x 14.0x 24.1x 1.0x 12.0x Bridgepoint Education, Inc. BPI-US 278 9.60 -36.0% -5.2% 60.6% (7.2%) 6.8% 0.1x 1.8x NM 0.1x 2.2x $1,842 (5.7%) (1.7%) 83.9% 0.6% 12.5% 1.2x 11.0x 26.0x 1.2x 7.7x $819 (1.1%) 3.0% 84.2% 2.0% 11.2% 1.1x 7.5x 24.7x 1.2x 9.1x Market Stats Operating Stats LTM Multiples NTM Multiples Est. TEV/ TEV/ Market Cap Quarter YTD % of 52 EBITDA TEV/ TEV/ Price/ Company Name Symbol Price ($) Revenue NTM NTM ($ in Mil) Change Change Week High Margin Rev EBITDA EPS Growth Revenue EBITDA Cognizant Technology Solutions Corp. CTSH-US $ 42,844 $ 72.54 9.7% 29.5% 99.4% 12.0% 19.4% 2.8x 14.6x 23.3x 2.5x 12.1x Wipro Ltd. 507685-IN 20,932 4.30 8.4% 18.5% 90.6% 4.9% 19.6% 2.0x 10.1x 16.2x 1.9x 9.8x Convergys Corp. CVG-US 2,415 25.89 7.9% 5.4% 84.7% (2.5%) 13.3% 0.9x 6.6x 19.7x 1.0x 7.7x West Corp. WSTC-US 1,964 23.47 0.7% -5.2% 82.1% 1.0% 26.7% 2.1x 7.7x 9.3x 2.1x 7.5x TeleTech Holdings, Inc. TTEC-US 1,914 41.75 2.6% 36.9% 96.1% 7.4% 13.0% 1.5x 10.5x 43.0x 1.4x 10.6x Sykes Enterprises, Inc. SYKE-US 1,254 29.16 -12.9% 1.0% 84.5% 5.2% 9.3% 0.8x 6.8x 18.3x 0.7x 6.8x Virtusa Corp. VRTU-US 1,106 37.78 26.9% 50.4% 98.6% 13.1% 2.9% 1.4x 33.6x 54.0x 1.2x 14.6x Unisys Corp. UIS-US 428 8.50 -33.3% -43.1% 50.9% 0.1% 6.3% 0.2x 2.0x NM 0.2x 1.4x 5.1% 13.8% 5.0% 13.1%

Market Stats Operating Stats LTM Multiples NTM Multiples Est. TEV/ TEV/ Market Cap Quarter YTD % of 52 EBITDA TEV/ TEV/ Price/ Company Name Symbol Price ($) Revenue NTM NTM ($ in Mil) Change Change Week High Margin Rev EBITDA EPS Growth Revenue EBITDA Automatic Data Processing, Inc. ADP-US $ 48,584 $ 109.32 7.7% 6.4% 89.8% 7.1% 17.0% 3.9x 17.5x 28.4x 3.7x 17.2x ManpowerGroup, Inc. MAN-US 7,863 117.82 6.8% 32.6% 97.5% 7.7% 4.4% 0.4x 9.7x 18.1x 0.4x 9.0x Robert Half International, Inc. RHI-US 6,352 50.34 5.4% 3.2% 98.7% 3.7% 11.2% 1.2x 10.2x 19.5x 1.1x 9.8x 51job, Inc. JOBS-US 3,722 60.61 34.1% 79.3% 97.8% 25.3% NM 7.8x 24.9x 44.4x 6.1x 17.1x On Assignment, Inc. ASGN-US 2,835 53.68 -0.9% 21.6% 96.7% 8.4% 11.4% 1.3x 12.9x 26.3x 1.3x 10.5x WageWorks, Inc. WAGE-US 2,410 60.70 -9.9% -16.3% 75.4% 18.7% 25.3% 4.3x 18.7x NM 3.5x 11.3x TriNet Group, Inc. TNET-US 2,333 33.62 2.8% 31.2% 80.9% (75.5%) 8.1% 0.8x 12.0x 22.6x 3.3x 12.0x Korn/Ferry International KFY-US 2,227 39.43 13.9% 34.0% 98.3% 0.8% 12.8% 1.3x 9.4x 20.5x 1.3x 8.6x Insperity, Inc. NSP-US 1,834 88.00 23.1% 24.0% 94.0% 14.0% 3.4% 0.5x 12.7x 25.4x 0.5x 8.8x Kelly Services, Inc. KELYA-US 954 25.09 12.5% 9.5% 98.5% 3.7% 1.9% 0.2x 9.3x 7.5x 0.2x 8.0x TrueBlue, Inc. TBI-US 943 22.45 -14.5% -8.9% 78.2% (2.1%) 5.0% 0.4x 7.7x 15.8x 0.4x 7.8x Kforce, Inc. KFRC-US 540 20.20 3.9% -12.6% 75.0% 3.6% 6.3% 0.5x 9.6x 14.7x 0.5x 7.7x Heidrick & Struggles International, Inc. HSII-US 397 21.15 -4.1% -12.4% 78.0% 1.3% 9.5% 0.6x 6.2x NM 0.5x 6.0x 1.3% 9.7% 3.7% 8.8% Market Stats Operating Stats LTM Multiples NTM Multiples Est. TEV/ TEV/ Market Cap Quarter YTD % of 52 EBITDA TEV/ TEV/ Price/ Company Name Symbol Price ($) Revenue NTM NTM ($ in Mil) Change Change Week High Margin Rev EBITDA EPS Growth Revenue EBITDA S&P Global, Inc. SPGI-US $ 40,172 $ 156.31 7.0% 45.4% 98.7% 5.6% 46.0% 7.3x 15.6x 18.3x 7.0x 14.7x Thomson Reuters Corp. TRI-CA 32,817 45.78 -5.2% -2.6% 94.1% (1.7%) 30.1% 3.3x 11.9x 33.9x 3.4x 11.3x Moody's Corp. MCO-US 26,589 139.21 14.7% 47.7% 99.5% 13.0% 49.7% 7.4x 15.4x 55.5x 6.6x 14.0x Experian Plc EXPN-GB 18,626 20.11 -4.9% -4.8% 91.0% 5.4% 37.4% 4.9x 14.0x 21.5x 4.7x 13.5x IHS Markit Ltd. INFO-US 17,597 44.08 -0.2% 24.5% 90.8% 5.9% 32.2% 6.1x 19.4x 44.1x 5.9x 14.9x Verisk Analytics, Inc. VRSK-US 13,755 83.19 -0.2% 2.5% 94.4% 7.9% 48.2% 7.9x 16.2x 30.0x 7.4x 15.1x Equifax, Inc. EFX-US 12,758 105.99 -22.7% -10.4% 72.1% 6.5% 39.1% 4.6x 12.7x 22.5x 4.4x 11.9x Alliance Data Systems Corp. ADS-US 12,292 221.55 -14.2% -3.0% 83.2% 13.9% 25.7% 3.0x 11.8x 25.2x 2.6x 10.0x Gartner, Inc. IT-US 11,271 124.41 0.7% 23.1% 95.7% 42.5% 9.9% 5.1x 36.9x NM 3.6x 17.1x CoStar Group, Inc. CSGP-US 9,580 268.25 3.3% 42.3% 93.2% 18.4% 18.4% 9.5x 37.4x 90.0x 8.0x 24.3x FactSet Research Systems, Inc. FDS-US 7,065 180.11 6.2% 10.2% 97.8% 11.2% 29.7% 6.1x 18.5x 27.7x 5.5x 16.4x Fair Isaac Corp. FICO-US 4,304 140.50 1.7% 17.8% 95.6% 8.3% 23.8% 5.2x 23.8x 37.7x 5.1x 16.5x Dun & Bradstreet Corp. DNB-US 4,302 116.41 8.2% -4.0% 84.6% 5.5% 25.4% 3.3x 11.4x 37.8x 3.1x 10.9x CoreLogic, Inc. CLGX-US 3,912 46.22 6.7% 25.5% 96.3% (0.6%) 27.1% 2.9x 12.5x 41.4x 2.9x 11.1x The Advisory Board Co. ABCO-US 2,186 53.63 5.0% 61.3% 90.1% 4.3% 10.4% 3.3x 21.5x 20.4x 3.2x 13.0x Acxiom Corp. ACXM-US 1,967 24.64 -5.3% -8.1% 81.1% 11.5% 10.6% 2.3x 18.5x NM 2.0x 10.1x comScore, Inc. SCOR-US 1,647 28.75 9.7% -9.0% 82.5% NM NM NM NM NM NM NM Forrester Research, Inc. FORR-US 742 41.85 6.8% -2.6% 94.3% 5.5% 13.3% 1.9x 16.4x 42.7x 1.8x 15.2x 9.6% 28.1% 6.5% 27.1%

Market Stats Operating Stats LTM Multiples NTM Multiples Est. TEV/ TEV/ Market Cap Quarter YTD % of 52 EBITDA TEV/ TEV/ Price/ Company Name Symbol Price ($) Revenue NTM NTM ($ in Mil) Change Change Week High Margin Rev EBITDA EPS Growth Revenue EBITDA WPP Plc WPP-GB $ 23,513 $ 18.58 -14.9% -23.7% 77.9% (5.3%) 13.1% 1.5x 9.6x 10.3x 1.6x 8.6x Omnicom Group, Inc. OMC-US 17,092 74.07 -11.1% -13.0% 82.6% 1.7% 16.8% 1.4x 9.0x 15.0x 1.3x 8.7x Publicis Groupe SA PUB-FR 16,089 69.86 -10.0% -9.9% 89.6% 0.5% 15.9% 1.6x 8.0x NM 1.5x 8.5x Interpublic Group of Cos., Inc. IPG-US 8,176 20.79 -15.8% -11.2% 80.9% 4.3% 13.1% 1.2x 8.8x 15.1x 1.2x 7.7x UBM Plc UBM-GB 3,608 9.16 -1.3% -6.7% 94.5% 6.6% 25.7% 3.5x 12.5x 31.5x 3.3x 10.8x Ipsos SA IPS-FR 1,538 34.62 -11.7% -1.9% 87.0% 2.4% 7.3% 1.0x 8.9x 14.9x 1.0x 8.3x KMA Holding, Inc. MCDA-US 806 0.02 72.7% 18.7% 9.5% NM NM NM NM NM NM NM InnerWorkings, Inc. INWK-US 613 11.25 -2.1% 14.2% 94.2% 7.1% 5.4% 0.6x 12.8x NM 0.6x 10.0x 2.5% 13.9% 2.4% 13.1%

Market Stats Operating Stats LTM Multiples NTM Multiples Est. TEV/ TEV/ Market Cap Quarter YTD % of 52 EBITDA TEV/ TEV/ Price/ Company Name Symbol Price ($) Revenue NTM NTM ($ in Mil) Change Change Week High Margin Rev EBITDA EPS Growth Revenue EBITDA CBRE Group, Inc. CBG-US $ 12,801 $ 37.88 3.4% 20.3% 97.2% 10.0% 9.0% 1.2x 12.9x 18.5x 1.1x 9.4x CoStar Group, Inc. CSGP-US 9,580 268.25 3.3% 42.3% 93.2% 18.4% 18.4% 9.5x 37.4x 90.0x 8.0x 24.3x Jones Lang LaSalle, Inc. JLL-US 5,599 123.50 -0.2% 22.2% 91.6% 7.4% 8.0% 1.0x 13.0x 18.6x 1.0x 10.6x Realogy Holdings Corp. RLGY-US 4,492 32.95 2.0% 28.1% 93.7% 6.0% 15.4% 1.3x 9.9x 19.4x 1.3x 10.0x Kennedy-Wilson Holdings, Inc. KW-US 2,119 18.55 -2.6% -9.5% 80.7% 7.7% 29.0% 10.8x 33.1x NM 10.0x 28.1x Fang Holdings Ltd. SFUN-US 1,269 4.05 27.0% 23.5% 86.2% (16.0%) NM 2.1x NM NM 3.4x 17.4x RE/MAX Holdings, Inc. RMAX 1,125 63.55 10.0% 13.5% 96.1% 10.4% 52.7% 4.7x 10.5x 48.1x 4.3x 8.0x Altisource Portfolio Solutions SA ASPS 467 25.87 16.5% -2.7% 55.1% (10.2%) (3.8%) 0.7x 9.1x 83.5x 0.9x 6.6x 4.2% 18.4% 7.6% 15.4% Market Stats Operating Stats LTM Multiples NTM Multiples Est. TEV/ TEV/ Market Cap Quarter YTD % of 52 EBITDA TEV/ TEV/ Price/ Company Name Symbol Price ($) Revenue NTM NTM ($ in Mil) Change Change Week High Margin Rev EBITDA EPS Growth Revenue EBITDA International Business Machines Corp. IBM-US $ 135,206 $ 145.08 -5.9% -12.6% 79.4% (0.7%) 16.6% 2.2x 11.3x 12.1x 2.2x 8.9x Accenture Plc ACN-US 83,471 135.07 9.8% 15.3% 97.4% 3.4% 15.9% 2.2x 13.5x 24.8x 2.3x 13.1x Cognizant Technology Solutions Corp. CTSH-US 42,844 72.54 9.7% 29.5% 99.4% 12.0% 19.4% 2.8x 14.6x 23.3x 2.5x 12.1x CGI Group, Inc. GIB.A-CA 13,577 51.73 -2.5% 0.4% 96.2% 4.2% 17.1% 1.9x 10.6x 18.7x 1.9x 10.0x Leidos Holdings, Inc. LDOS-US 8,955 59.22 15.1% 15.8% 99.3% 9.7% 10.7% 1.2x 12.5x 27.0x 1.1x 11.4x Booz Allen Hamilton Holding Corp. BAH-US 5,559 37.39 15.6% 3.7% 94.2% 7.1% 10.4% 1.2x 12.6x 21.4x 1.1x 11.8x EPAM Systems, Inc. EPAM-US 4,613 87.93 5.2% 36.7% 99.7% 28.3% 13.9% 3.3x 24.4x 42.5x 2.7x 14.5x Teradata Corp. TDC-US 4,423 33.79 13.2% 24.4% 99.7% (3.7%) 8.4% 1.7x 10.0x 44.5x 1.8x 10.4x InterXion Holding NV INXN-US 3,617 50.93 11.7% 45.2% 97.7% 24.7% 43.2% 9.1x 20.8x 79.0x 7.3x 15.9x CACI International, Inc. CACI-US 3,409 139.35 11.9% 12.1% 97.5% 3.0% 8.6% 1.1x 12.4x 21.3x 1.0x 11.7x ManTech International Corp. MANT-US 1,134 44.15 12.0% 4.5% 97.0% 5.7% 7.9% 1.0x 12.8x 29.1x 0.9x 12.0x Virtusa Corp. VRTU-US 1,106 37.78 26.9% 50.4% 98.6% 13.1% 2.9% 1.4x 33.6x 54.0x 1.2x 14.6x The Hackett Group, Inc. HCKT-US 439 15.19 -0.9% -14.0% 73.4% 2.7% 12.5% 1.5x 11.5x 20.3x 1.7x 9.8x Unisys Corp. UIS-US 428 8.50 -33.3% -43.1% 50.9% 0.1% 6.3% 0.2x 2.0x NM 0.2x 1.4x ServiceSource International, Inc. SREV-US 309 3.46 -11.3% -39.1% 55.4% 2.1% 2.5% 1.1x NM NM 1.1x 11.0x 7.4% 13.1% 4.2% 10.7%

         Amount TEV/ Date Target Buyer(s) Segment TEV/ Rev ($ in Mil) EBITDA 9/29/2017 Siteolytics, Inc. diconium GmbH Specialty Consulting - - - 9/29/2017 Aerofil Technology, Inc. HBM Holdings Co. Facility Services and - - - Industrial Services 9/29/2017 Not Ordinary Media LLC MTM Choice Holdings LLC Marketing Services 50.66 - - 9/28/2017 WellEz Information Management LLC Quorum Business Solutions, Inc. Business Process - - - Outsourcing 9/27/2017 Gilchrist & Rutter PC Cozen O'Connor Professional Services - - - 9/26/2017 Driving Ambition, Inc. Palladium Equity Partners Advisor Human Resources - - - LLC 9/26/2017 MSE Corporate Security, Inc. The ADT Corp. Facility Services and - - - Industrial Services 9/26/2017 Livestream LLC IAC Consumer Applications & Business Process - - - Portals, Inc. Outsourcing 9/25/2017 Aisle 9 Retail, Inc. Marketing Management, Inc. Marketing Services - - - 9/25/2017 Dutton Press, Inc. Southeastern Printing Co., Inc. Business Process - - - Outsourcing 9/25/2017 Curiosity Media, Inc. OpenX Ltd. Marketing Services - - - 9/25/2017 Eliassen Group LLC Principle Solutions Group LLC Human Resources - - - 9/22/2017 Global Technical Services, Inc. Novume Solutions, Inc. Human Resources - - - 9/22/2017 Global Contract Professionals, Inc. Novume Solutions, Inc. Human Resources - - - 9/22/2017 Lahti Lahti & Oneill P.C. Fletcher Tilton & Whipple Professional Services - - - 9/21/2017 Acturus, Inc. (Connecticut) MetrixLab BV Specialty Consulting 13.40 0.58x 4.47x 9/21/2017 Smart Resources, Inc. BG Staffing, Inc. Human Resources 6.00 0.45x - 9/21/2017 Freeze Frame LLC Picsolve International Ltd. Marketing Services - - - 9/20/2017 Absolute Consulting, Inc. GSE Performance Solutions, Inc. Specialty Consulting 8.75 0.22x - 9/20/2017 The Narrative Group LLC Citizen Relations LLC Marketing Services - - - 9/19/2017 firstPRO, Inc. Staffing 360 Georgia LLC Human Resources 8.00 - - 9/19/2017 Wellington Group Marketing & PR Wellington Group Marketing & PR Marketing Services - - - (Management) 9/19/2017 Ewing Consulting, Inc. CPS HR Consulting Human Resources - - - 9/19/2017 Two Twelve Management LLC Blue Equity LLC Marketing Services - - - 9/18/2017 Love The 88 LLC Havas Worldwide New York, Inc. Marketing Services - - - 9/18/2017 National CineMedia, Inc. Standard General LP Marketing Services 938.19 - - 9/18/2017 Benefits Advisory Group LLC HUB International Ltd. Human Resources - - - 9/18/2017 ABI, Inc. Finn Partners, Inc. Specialty Consulting - - - 9/17/2017 Anovia Payments LLC Waud Capital Partners LLC Business Process - - - Outsourcing 9/15/2017 Maintenance Design Group LLC HDR, Inc. Specialty Consulting - - - 9/15/2017 Integrity HR, Inc. Epic Insurance Solutions Agency LLC Human Resources - - -

9/15/2017 FUTR Corp. Reliamax Surety Co. Education and Training - - - 9/14/2017 BioBridges LLC Adecco Group AG Education and Training - - - 9/14/2017 Operon Resource Management, Inc. TEG Staffing, Inc. Human Resources - - - 9/14/2017 WealthWise Partners LLC Futurity First Financial Corp. Professional Services - - - 9/14/2017 Curriculum Associates LLC Berkshire Partners LLC Education and Training - - - 9/13/2017 Kesala Silent Circle LLC IT Services - - - 9/13/2017 Hughes Mathews PA Gray, Plant, Mooty, Mooty & Bennett Professional Services - - - PA 9/13/2017 Free Agents Marketing LLC Neathawk Dubuque & Packett, Inc. Marketing Services - - -

9/12/2017 Greater Talent Network, Inc. United Talent Agency, Inc. Education and Training - - - 9/12/2017 Levine Sullivan Koch & Schulz LLP Ballard Spahr LLP Professional Services - - - 9/11/2017 Team People LLC System One Holdings LLC Human Resources - - - 9/8/2017 Orion Financial Group, Inc. U-Mind Club, Inc. Professional Services 0.47 - - 9/8/2017 Glanz, Inc. Carbon Sciences, Inc. Marketing Services - - - Amount TEV/ Date Target Buyer(s) Segment TEV/ Rev ($ in Mil) EBITDA 9/8/2017 Girard Environmental Services, Inc. BrightView Landscapes LLC Facility Services and - - - Industrial Services 9/7/2017 Technicon Design Corp. Segula Technologies SA Human Resources - - - 9/7/2017 Marron & Associates LLC NV5 Global, Inc. Professional Services - - - 9/7/2017 Institutional Shareholder Services, Inc. Genstar Capital LLC Business Process 720.00 - - Outsourcing 9/7/2017 Enterprise Recruiters LLC Gibson Consultants LLC Human Resources - - - 9/7/2017 BrightCurrent, Inc. Horizon Solar Power, Inc. Marketing Services - - - 9/7/2017 GreenJobInterview Montage Talent, Inc. Business Process - - - Outsourcing 9/7/2017 Delphic Digital LLC CI Capital Partners LLC Marketing Services - - - 9/7/2017 Iotopia Solutions, Inc. Spiria Digital, Inc. Specialty Consulting - - - 9/6/2017 Govmark Testing Services, Inc. SGS SA Business Process - - - Outsourcing 9/6/2017 Interactive Broadband Consulting Group LLC Accenture PLC Specialty Consulting - - - 9/6/2017 Arizona Women's Education & Employment, Inc. A New Leaf Education and Training - - - 9/6/2017 Matter, Inc. Accenture PLC Marketing Services - - - 9/6/2017 Teachers on Call, Inc. Kelly Services, Inc. Human Resources - - - 9/6/2017 KnightHawk Protection Veteran Infrastructure Products LLC Facility Services and - - - Industrial Services 9/6/2017 Agility Clinical, Inc. Precision Medicine Group, Inc. Specialty Consulting - - - 9/6/2017 Intelligent Document Solutions, Inc. Doxim, Inc. Business Process - - - Outsourcing 9/5/2017 Collegewise ChangedEdu Holdings Pte Ltd. Education and Training - - - 9/5/2017 Lindquist & Vennum PLLP Ballard Spahr LLP Professional Services - - - 9/5/2017 Career Resources Group, Inc. Lee Hecht Harrison LLC Human Resources - - - 9/4/2017 Dentons US LLP (2 Subsidiaries) Science Group Plc Professional Services 17.75 - - 9/1/2017 Adjelly, Inc. Assembly Media Networks, Inc. Marketing Services - - - 9/1/2017 Business Archives, Inc. Certified Records Management Business Process - - - Outsourcing 9/1/2017 Chadwick Martin Bailey, Inc. ITAGroup, Inc. Marketing Services - - - 8/31/2017 Rand Investment Group LLC Incline Management Corp. Marketing Services - - - 8/31/2017 Blue Canopy Group LLC Jacobs Engineering Group, Inc. Information Services - - - 8/31/2017 Room 21 Media, Inc. MC Endeavors, Inc. Marketing Services 1.60 - - 8/30/2017 JP Exhibition LLC Victory Hill Exhibitions Pte Ltd. Business Process 25.00 - - Outsourcing 8/29/2017 Advisory Board Co. (Education Bus) Vista Equity Partners Management Education and Training 1,550.00 - - LLC 8/29/2017 eCommission Financial Services, Inc. Marron & Associates LLC Real Estate Services - - - 8/29/2017 Squeeze Report, Inc. Resilient Technologies, Inc. Professional Services - - - 8/29/2017 Imedex LLC HMP Communications Holdings LLC Education and Training - - -

8/28/2017 Bartlett Holdings, Inc. AE Industrial Partners LLC Human Resources - - - 8/28/2017 Derrick, Stubbs & Stith LLP Mauldin & Jenkins Certified Public Professional Services - - - Accountants LLC 8/27/2017 MaxPoint Interactive, Inc. MacAndrews & Forbes Holdings, Inc. Marketing Services 101.55 0.70x NM

8/25/2017 EarthColor, Inc. Mittera Group, Inc. Business Process - - - Outsourcing 8/24/2017 TekOptimize, Inc. Tekplay Systems Ltd. Specialty Consulting 2.00 - - 8/24/2017 CannaRegs Ltd. MassRoots, Inc. Information Services 12.00 - - 8/24/2017 Hein & Associates LLP Moss Adams LLP Professional Services - - - 8/23/2017 Triumph Learning LLC (New York) School Specialty, Inc. Education and Training - - - 8/23/2017 Transparency AI LLC Semcasting, Inc. Marketing Services - - - 8/22/2017 Dragon Innovation, Inc. Avnet, Inc. Specialty Consulting - - - 8/22/2017 Data Service Solutions, Inc. The Segerdahl Corp. Business Process - - - Outsourcing Amount TEV/ Date Target Buyer(s) Segment TEV/ Rev ($ in Mil) EBITDA 8/22/2017 Staffing Options & Solutions LLC Shore Capital Partners LLC Human Resources - - - 8/21/2017 Dovetail Systems, Inc. Fiserv, Inc. Professional Services - - - 8/21/2017 Clondalkin Flexible Packaging Orlando, Inc. The Pritzker Group (Private Equity) Facility Services and - - - Industrial Services 8/21/2017 HR Outsourcing, Inc. Paychex, Inc. Human Resources - - - 8/21/2017 Public identity, Inc. Bamko LLC Marketing Services - - - 8/21/2017 HP Advisors LLC Pacific Resources Benefits Advisors Human Resources - - - LLC 8/21/2017 Mile High Protection Services LLC General Cannabis Corp. Facility Services and 0.39 0.69x - Industrial Services 8/18/2017 Waste Industries USA, Inc. HPS Investment Partners LLC Facility Services and - - - Industrial Services 8/17/2017 Varsity Facilities Services, Inc Kellermeyer Bergensons Services LLC Facility Services and - - - Industrial Services 8/17/2017 Horizon Solar Power, Inc. Sungevity, Inc. Facility Services and - - - Industrial Services 8/16/2017 Prescient Edge Corp. iJet International, Inc. IT Services - - - 8/16/2017 Alpha Technical Services Corp. LLC Advent International Corp. Business Process - - - Outsourcing 8/16/2017 USA 800, Inc. The Results Cos. LLC Business Process - - - Outsourcing 8/15/2017 Mixpo, Inc. Netsertive, Inc. Marketing Services - - - 8/15/2017 Automotive Compliance Consultants, Inc. CIVC Partners LP Specialty Consulting - - - 8/15/2017 PI Atlanta PI Southeast LLC Human Resources - - - 8/10/2017 Prologic Consumer Marketing Services, Inc. AppCard Solutions, Inc. Marketing Services - - - 8/10/2017 Medical Knowledge Group LLC MTS Health Investors LLC Education and Training - - - 8/10/2017 The BP360 Group Verify Smart Corp. Marketing Services - - - 8/10/2017 Prosource Solutions LLC (Ohio) Improving Enterprises, Inc. IT Services - - - 8/9/2017 ChoreMate Valet Waste LLC Facility Services and - - - Industrial Services 8/8/2017 Datablink, Inc. WatchGuard Technologies, Inc. Business Process - - - Outsourcing 8/8/2017 Chaos Management, Inc. Fuse Financial Partners LLC Specialty Consulting - - - 8/8/2017 Stratacuity Staffing Partners, Inc. On Assignment, Inc. Human Resources - - - 8/8/2017 Brand Connections LLC Advantage Solutions, Inc. (California) Marketing Services - - -

8/8/2017 Technical Sales International LLC Applied Software Technology, Inc. Specialty Consulting - - - 8/8/2017 RN Specialties, Inc. Aya Healthcare, Inc. Human Resources - - - 8/8/2017 Fourth Wall Productions, Inc. CenterTable LLC Marketing Services - - - 8/7/2017 Symphony Health Solutions Corp. Pharmaceutical Research Associates, Specialty Consulting 530.00 - - Inc. 8/7/2017 Blab, Inc. Deloitte Touche Tohmatsu Ltd. Business Process - - - Outsourcing 8/4/2017 Steen Outdoor Advertising Inc Lamar Advertising Co. Marketing Services - - - 8/4/2017 Student Brands LLC Barnes & Noble Education, Inc. Education and Training 58.50 - - 8/4/2017 Frontline Technologies Group LLC Thoma Bravo LLC Human Resources - - - 8/3/2017 DataBank IMX LLC KYOCERA Document Solutions (UK) Business Process - - - Ltd. Outsourcing 8/3/2017 Clairmont Financial Group LLC Brown & Brown of Minnesota, Inc. Professional Services - - -

8/3/2017 Latam Digital Ventures Prisa Brand Solutions SL Marketing Services 2.96 0.29x -

8/3/2017 Performance Sales & Marketing CI Capital Partners LLC Marketing Services - - -

8/3/2017 Patient Education Network PatientPoint, Inc. Education and Training - - - Amount TEV/ Date Target Buyer(s) Segment TEV/ Rev ($ in Mil) EBITDA 8/3/2017 ARM Energy Management LLC /Commercial & Peninsula Energy Services Co., Inc. Marketing Services - - - Industrial Mktg A 8/2/2017 Jamae Law Group Pllc D'Alessio Law Group Ltd. Professional Services - - - 8/2/2017 Symantec Corp. (Website Security & Related PKI Thoma Bravo LLC IT Services 950.00 - - Solutions) 8/2/2017 Parscale Media LLC CloudCommerce, Inc. Marketing Services 1.00 - - 8/1/2017 Just Ventures LLC Just Energy Group, Inc. Marketing Services - - - 8/1/2017 W Squared Dynamics, Inc. Lattimore Black Morgan & Cain PC Business Process - - - Outsourcing 8/1/2017 Haggerty & Haggerty, P.A. Whisman Giordano & Associates LLC Professional Services - - -

8/1/2017 Social Media Beast LLC Arsenal Capital Management LP Marketing Services - - - 8/1/2017 LAK Reporting, Inc. The Cooper Group LLC Professional Services - - - 8/1/2017 Pierce Global Threat Intelligence, Inc. Zeneth Technology Partners LLC IT Services - - - 8/1/2017 Breakfast At 12 LLC Workhorse Marketing Marketing Services - - - 7/31/2017 CDI Corp. AE Industrial Partners LLC Human Resources 151.74 0.20x NM 7/31/2017 Taylor Winfield, Inc. Focus Search Partners LLC Human Resources - - - 7/31/2017 Media Place Partners LLC Adtegrity.com International, Inc. Marketing Services - - - 7/31/2017 DEZ Staffing LLC Hospitality Staffing Solutions LLC Human Resources - - - 7/31/2017 The Halo Group LLC Fahrenheit IT, Inc. Human Resources - - - 7/27/2017 LifeShield, Inc. Hawk Capital Partners LP Facility Services and - - - Industrial Services 7/27/2017 inVNT LLC inVNT LLC (Private Group) Business Process - - - Outsourcing 7/26/2017 Essen LLC Basemakers LLC Marketing Services - - - 7/26/2017 Lamplighter Financial LLC LeverPoint Management LLC Professional Services - - - 7/25/2017 Holzer Edwards, CHTD. Hepworth, Janis & Kluksdal, CHTD. Professional Services - - -

7/25/2017 Intacct Corp. The Sage Group Plc Professional Services 850.00 8.85x - 7/25/2017 Narrative_ Will Packer Productions Inc Marketing Services - - - 7/25/2017 Smart Host, Inc. Ten Twenty Four, Inc. Real Estate Services - - - 7/25/2017 Iptargeting.com El Toro LLC Marketing Services - - - 7/25/2017 Northwest Exterminating Co., Inc. Rollins, Inc. Facility Services and - - - Industrial Services 7/25/2017 ConServBiz LLC XMi Acquisition LLC Professional Services - - - 7/24/2017 Cranbury International LLC Probility Media Corp. Education and Training 0.50 - - 7/23/2017 Driven Local LLC Scorpion Design, Inc. Marketing Services - - - 7/21/2017 AEC360 Holdings LLC Consulting4CRM Marketing Services - - - 7/20/2017 Actionlink LLC Acosta, Inc. Marketing Services - - - 7/20/2017 Graphiq, Inc. Amazon.com, Inc. Information Services 50.00 - - 7/20/2017 Liner LLP DLA Piper Group Professional Services - - - 7/19/2017 GradStaff, Inc. University Ventures Funds Human Resources - - - Management LLC 7/19/2017 Sivic Solutions Group LLC Solix, Inc. Specialty Consulting - - - 7/19/2017 Stadium Sports Animation Heart+hammer LLC Marketing Services - - - 7/19/2017 CAGE, Inc. Ross & Baruzzini, Inc. Specialty Consulting - - - 7/18/2017 KMS Solutions LLC (Virginia) Subsystem Technologies, Inc. Specialty Consulting - - - 7/18/2017 H.A. BRUNO LLC Charterhouse Capital Partners LLP Business Process - - - Outsourcing 7/18/2017 Education Solutions Services LLC Nautic Partners LLC Human Resources - - - 7/18/2017 CIPS Marketing Group, Inc. ACI Last Mile Network LLC Marketing Services - - - 7/17/2017 Cambridge BioMarketing Group LLC UDG Healthcare Plc Marketing Services 35.00 - - 7/17/2017 Northwind Enterprises, Inc. AGI Partners LLC Specialty Consulting - - - 7/17/2017 APC Workforce Solutions LLC The Carlyle Group LP (Corporate Professional Services - - - Private Equity) Amount TEV/ Date Target Buyer(s) Segment TEV/ Rev ($ in Mil) EBITDA 7/17/2017 School Improvement Network LLC Frontline Technologies Group LLC Education and Training - - -

7/14/2017 MillsonJames LLC HUB International Ltd. Human Resources - - - 7/14/2017 Nielsen Holdings Plc (TV Pilot Testing Business) The Stagwell Group LLC Information Services - - -

7/14/2017 Teaching Channel, Inc. Teaching Channel, Inc. (Private Education and Training - - - Group) 7/13/2017 TradersCrux Salem Media Group, Inc. Marketing Services 0.40 - - 7/12/2017 Wells Fargo & Co. (Share Registration & Services Bus) Equiniti Group Plc Professional Services 227.00 2.18x -

7/12/2017 GCA Services Group, Inc. ABM Industries, Inc. Facility Services and 1,250.00 - - Industrial Services 7/12/2017 Vynamic LLC UDG Healthcare Plc Specialty Consulting 32.00 - - 7/12/2017 Jhana Education, Inc. Franklin Covey Co. Education and Training 10.70 - - 7/12/2017 clearhead Group LLC Accenture PLC Specialty Consulting - - - 7/12/2017 The Robot Report WTWH Media LLC Information Services - - - 7/12/2017 The Tyton Group LLC The Spencer Thomas Group LLC Specialty Consulting - - - 7/12/2017 Oasis Outsourcing Holdings, Inc. Kelso & Co. LP Business Process - - - Outsourcing 7/11/2017 Ruotolo Associates, Inc. Collegium Holdings, Inc. (NY) Professional Services - - - 7/11/2017 First Recovery Group LLC New Mountain Capital LLC Business Process - - - Outsourcing 7/11/2017 Sense Networks, Inc. Versata, Inc. Marketing Services - - - 7/10/2017 EnviroVac Holdings LLC Audax Private Equity Facility Services and - - - Industrial Services 7/10/2017 Soyring Consulting, Inc. EQT Partners AB Specialty Consulting - - - 7/10/2017 InnoVia Health General Electric Co. Specialty Consulting - - - 7/10/2017 iLawVentures LLC Leeds Equity Partners LLC Education and Training - - - 7/10/2017 STACK Media, Inc. Genstar Capital LLC Education and Training - - - 7/10/2017 Gnarus Advisors LLC Nathan Associates, Inc. Professional Services - - - 7/7/2017 Ultra Environmental Services, Inc. Wind Point Advisors LLC Facility Services and - - - Industrial Services 7/6/2017 HM Long Global Partners Ltd. ZRG Partners LLC Human Resources - - - 7/6/2017 Carling Communications, Inc. Lloyds Development Capital Specialty Consulting - - - (Holdings) Ltd. 7/6/2017 Wala, Inc. Wala, Inc. (Welch) Business Process 1.05 - - Outsourcing 7/6/2017 Project Performance Co. LLC Data Systems Analysts, Inc. Specialty Consulting - - - 7/6/2017 TNG, Inc. Point B Capital LLC Marketing Services - - - 7/6/2017 Ksquare Solutions, Inc. InfoLob Solutions, Inc. IT Services - - - 7/6/2017 Diversified Human Resources, Inc. Oasis Outsourcing Holdings, Inc. Human Resources - - - 7/6/2017 Imbutek Holdings Corp. Sibannac, Inc. Specialty Consulting 7.46 - - 7/5/2017 Accountable Healthcare Holdings Corp. Mitsui & Co., Ltd. Human Resources 88.39 0.62x - 7/5/2017 Odava, Inc. Massroots Compliance Technology, Specialty Consulting 1.76 - - Inc. 7/5/2017 Integrity Healthcare Physician Staffing LLC NantWorks LLC Human Resources - - - 7/5/2017 Dente Engineering PC Terracon Consultants, Inc. Specialty Consulting - - - 7/5/2017 Leighton Associates, Inc. Lovell Minnick Partners LLC Specialty Consulting - - - 7/4/2017 Hill Top Security, Inc. Big Wind Capital, Inc. IT Services 1.07 - - 7/1/2017 EDJE Web Design LLC Webspec Design LLC Business Process - - - Outsourcing 7/1/2017 Quiverr Collective LLC Advantage Sales & Marketing LLC Marketing Services - - -