1 | BUYOUTS | June 25, 2018 www.buyoutsnews.com MARKET INTELLIGENCE

The following charts reflect transactions involving U.S.-based financial sponsors. The categories include seeking buyers, announced deals, closed transactions. The source for the data is Thomson One, a product of Thomson Reuters Markets. Please contact Paul Centopani at [email protected] with questions or comments. DEAL FLOW Seeking Buyers–U.S. Targets (May 25, 2018 - June 8, 2018) ENERGY AND POWER

Date Target Name Target City Target Target Full Business Description Target Synopsis Announced State Advisors

05/31/18 Eqt Corp-Huron Pittsburgh PA Huron play assets of Eqt Corp, located in Pittsburgh, - US - In May 2018, EQT Corp, a Pittsburgh- Play Asts Pennsylvania. based producer of crude petroleum and natural gas, announced that it was seeking a buyer for its huron play assets. REAL ESTATE Date Target Name Target City Target Target Full Business Description Target Synopsis Announced State Advisors

06/01/18 Education Memphis TN Education Realty Trust Inc, located in Memphis, Tennessee, - US - In June 2018, Education Realty Trust Realty Trust Inc is a real estate investment trust that owns, manages and Inc, a Memphis- based lessor of residential develops collegiate student housing. It also provides third- buildings and dwellings, announced that party management services, including residence life and it was seeking a buyer for the remaining student development, marketing, leasing administration, stake, which it did not already own, in the strategic relationships, information systems, and accounting company. Greystar Real Estate Partners was services for student housing communities owned by named a rumored potential bidder. Terms educational institutions and charitable foundations. In were not disclosed, but according to people addition, the company offers third-party development familiar with the matter, the deal was consulting services, such as market analysis and evaluation valued at an estimated USD 3.1 bil. of housing needs and options; co-operation with university in architectural design; negotiation of ground lease, development agreement, construction contract, architectural contract, and bond documents; oversight of architectural design process; co-ordination of governmental and university plan approvals; oversight of construction process; design, purchase, and installation of furniture; pre-opening marketing to students; and obtaining final approvals of construction. The company was founded in 1964. RECENT DEALS Announced, Pending LBOs By U.S. Sponsors (May 25, 2018 - June 8, 2018) CONSUMER PRODUCTS AND SERVICES Rank Date Target Name Target Short Acquiror Full Name Acquiror Ranking Value Synopsis Business Ultimate inc. Net Debt of Description Parent Target ($Mil)

06/07/18 Squla Educational Levine Leichtman Levine - FLASH : NETHERLANDS - Levine Leichtman Capital Partners Inc of Support Capital Partners Inc Leichtman the US planned to acquire Squla, an Amsterdam- based provider of Services Capital educational support services, in a leveraged buyout transaction.

06/05/18 Rawlings Manufactures Seidler Equity Seidler 395.000 US - Seidler Equity Partners definitively agreed to acquire Rawlings Sporting Goods and Partners Equity Sporting Goods Co, a St. Louis-based manufacturer of sporting and Co wholesales Partners athletic goods, from K2 Inc, owned by Jarden Corp, for an estimated sporting and USD 395 mil, in a leveraged buyout transaction. athletic goods www.buyoutsnews.com June 25, 2018 | BUYOUTS | 2 MARKET INTELLIGENCE

CONSUMER STAPLES Rank Date Target Name Target Short Acquiror Full Name Acquiror Ranking Value Synopsis Business Ultimate inc. Net Debt of Description Parent Target ($Mil)

06/01/18 Tyson Foods Inc- Commercial Kohlberg & Co LLC Kohlberg & - US - Kohlberg & Co LLC agreed to acquire Sara Lee Frozen Bakery Sara Lee Bakeries Co LLC & Van's Businesses of Tyson Foods Inc, a Springdale- based manufacturer of Foods, in a leveraged buyout transaction. ENERGY AND POWER Rank Date Target Name Target Short Acquiror Full Name Acquiror Ranking Value Synopsis Business Ultimate inc. Net Debt of Description Parent Target ($Mil)

06/06/18 Enlink Crude Global Infrastructure General - US - Global Infrastructure Partners LLC (GIP), jointly owned by GE Midstream LLC Petroleum and Partners LLC Electric Co Infrastructure Inc and Credit Suisse Group AG, definitively agreed Natural Gas to acquire a 64% interest, or 115.867 mil common shares in Enlink Extraction Midstream LLC, a Dallas-based producer of crude petroleum and natural gas, from Devon Energy Corp. Concurrently, GIP definitively agreed to acquire the entire share capital of EnLink Midstream Manager LLC and a 23% stake in EnLink Midstream Partners, LP . The three transactions were to have a combined value of USD 3.125 bil in cash.

06/06/18 Enlink Crude Global Infrastructure General 3125.000 US - Global Infrastructure Partners LLC (GIP), jointly owned by GE Midstream Petroleum and Partners LLC Electric Co Infrastructure Inc and Credit Suisse Group AG, definitively agreed Manager LLC Natural Gas to acquire the entire share capital of Enlink Midstream Manager Extraction LLC, a Dallas-based producer of oil and natural gas, from Devon Energy Corp. Concurrently, GIP definitively agreed to acquire a 23% stake in EnLink Midstream Partners LP and a 64% interest in EnLink Midstream LLC. The three transactions were to have a combined value of USD 3.125 bil in cash.

05/31/18 Sino Gas & Oil and gas LSF10 Summertime Lone Star 383.806 AUSTRALIA - LSF10 Summertime Investments Ltd of Bermuda, a unit Energy Holdings exploration,prodn Investments Ltd Funds of Lone Star Funds (Lone Star), agreed to acquire the entire share Ltd capital of Sino Gas & Energy Holdings Ltd, a Subiaco-based provider of support services for oil and gas operations, for AUD 0.25 (USD 0.189) in cash per share, or a total AUD 529.714 mil (USD 401.258 mil), via scheme of arrangement. FINANCIALS Rank Date Target Name Target Short Acquiror Full Name Acquiror Ranking Value Synopsis Business Ultimate inc. Net Debt of Description Parent Target ($Mil)

05/29/18 Piraeus Bk SA- Commercial Bain Capital Credit Bain Capital - GREECE - Bain Capital Credit LP of the US, a unit of Bain Capital LP, Corporate NPE P Banking LP LP agreed to acquire corporate NPE portfolio of Piraeus Bank SA, an Athens- based commercial bank.

06/04/18 Concardis GmbH Financial Nets A/S Hellman & - GERMANY - Nets A/S of Denmark, a unit of Evergood 5 AS, planned Transactions Friedman to merge with Concardis GmbH, an Eschborn- based provider of Processing, LLC financial transactions services, from Concardis GmbH SPV. The terms Reserve, and of the transaction were not disclosed, but according to sources close Clearinghouse to the transaction, the value was estimated at EUR 5.146 bil (USD 6 Activities bil).

06/05/18 Agent Svc Insurance Integrity Marketing HGGC LLC - US - Integrity Marketing Group LLC, a unit of HGGC LLC, definitively Connection Inc Agencies and Group LLC agreed to acquire the entire share capital of Agent Service Connection Brokerages Inc, a Lakewood Ranch-based insurance agency. Terms were not disclosed.

06/05/18 Wells Fargo & Savings Flagstar MatlinPatterson - US - Flagstar Bank,FSB,Troy, Michigan, a unit of Flagstar Bancorp Co-Br(52) Institutions Bank,FSB,Troy, Global Inc,Troy, Michigan, definitively agreed to acquire 52 branches of Wells Michigan Fargo & Co, a San Francisco- based commercial bank, ultimately owned by Wells Fargo & Co. 3 | BUYOUTS | June 25, 2018 www.buyoutsnews.com MARKET INTELLIGENCE

HEALTHCARE Rank Date Target Name Target Short Acquiror Full Name Acquiror Ranking Value Synopsis Business Ultimate inc. Net Debt of Description Parent Target ($Mil)

06/04/18 Keystone Dental Mnfr,whl Accelmed Growth Accelmed - US - Accelmed Growth Partners LLP definitively agreed to acquire Inc dental Partners LLP Growth Keystone Dental Inc, a Burlington-based manufacturer of dental equipment Partners LLP equipment and supplies, from EM Warburg Pincus & Co Inc, ultimately owned by Warburg Pincus LLC, in a leveraged buyout transaction.

06/05/18 NorthStar Offices Of Cranemere LLC Cranemere - US - Cranemere LLC planned to acquire an undisclosed majority Anesthesia PA Physicians, LLC interest in NorthStar Anesthesia PA, an Irving-based health Mental Health specialist's office operator, from TPG Growth LLC, ultimately owned by Specialists TPG Capital LP, in a leveraged buyout transaction.

06/01/18 Alcami Corp Biological Madison Dearborn Madison - US - Madison Dearborn Partners LLC agreed to acquire an undisclosed Product Partners LLC Dearborn majority interest in Alcami Corp, a Durham-based contract (Except Partners LLC development and manufacturing organization, from Ares Capital Corp, Diagnostic) in a leveraged buyout transaction. Manufacturing HIGH TECHNOLOGY Rank Date Target Name Target Short Acquiror Full Name Acquiror Ranking Value Synopsis Business Ultimate inc. Net Debt of Description Parent Target ($Mil)

05/29/18 BMC Software Dvlp enterprise KKR & Co LP KKR & Co LP - US - KKR & Co LP planned to acquire BMC Software Inc, a Houston- Inc mgmt software based software publisher, from Bain Capital LLC, a unit of Bain Capital LP and GIC Special Investments Pte Ltd, a unit of the Singaporean state- owned the Singaporean state- owned GIC Pte Ltd and Golden Gate Capital Inc and Insight Venture Partners LLC, in a leveraged buyout transaction.

06/04/18 Livingstone Software Carlyle Europe The Carlyle - UK - Carlyle Europe Technology Partners III LP of the US, a unit of The Technologies Ltd Publishers Technology Partners Group LP Carlyle Group LP, agreed to acquire an undisclosed majority interest III LP in Livingstone Technologies Ltd, a London- based software publisher. Terms were not disclosed.

05/31/18 LogRhythm Inc Dvlp cyber Thoma Bravo LLC Thoma Bravo - US - Thoma Bravo LLC agreed to acquire an undisclosed majority defense LLC interest in LogRhythm Inc, a Boulder- based software publisher, in a software leveraged buyout transaction. Terms were not disclosed. INDUSTRIALS Rank Date Target Name Target Short Acquiror Full Name Acquiror Ranking Value Synopsis Business Ultimate inc. Net Debt of Description Parent Target ($Mil)

06/01/18 Turrisi Entrps Automobile Dexko Global Inc KPS Capital - AUSTRALIA - Dexko Global Inc (Dexko) of the US, a unit of KPS Pty Ltd Manufacturing Partners LP Capital Partners LP, definitively agreed to acquire Turrisi Enterprises Pty Ltd, a Campbellfield- based manufacturer of automobiles parts. Concurrently, Dexko definitively agreed to acquire Hume Caravan & Camping Accessories Pty Ltd.

06/07/18 Hydratron Ltd Manufacture Pryme Group Ltd Piper Jaffray 4.493 UK - Pryme Group Ltd, a unit of Simmons Private Equity II LP, agreed hydraulic Cos to acquire Hydratron Ltd, a Broadheath- based manufacturer of fluid products power cylinders and actuators, from Pressure Technologies PLC, for an estimated GBP 3. 35 mil (USD 4.493 mil). The consideration was to consist of GBP 1.1 mil (USD 1.475 mil) in cash plus up to GBP 2.25 mil (USD 3.017 mil) in profit- related payments.

06/06/18 Napa Jet Ctr Inc Provides Lynx FBO Network Sterling - Flash: US - Lynx FBO Network, a unit of Sterling Group LP, planned aircraft Group LP to acquire Napa Jet Center Inc, a Napa-based provider of airport maintenance operation related services. services

06/05/18 GlobalTranz Freight The Jordan Co LP The Jordan - US - The Jordan Co LP definitively agreed to acquire GlobalTranz Enterprises Inc Transportation Co LP Enterprises Inc, a Scottsdale- based provider of freight transportation Arrangement arrangement services, from Savano Capital Partners, Volition Capital LLC, Susquehanna Growth Equity LLC, Providence Strategic Growth LP, a unit of Providence Equity Partners LLC, and other investors, in a leveraged buyout transaction. www.buyoutsnews.com June 25, 2018 | BUYOUTS | 4 MARKET INTELLIGENCE

MATERIALS Rank Date Target Name Target Short Acquiror Full Name Acquiror Ranking Value Synopsis Business Ultimate inc. Net Debt of Description Parent Target ($Mil)

05/28/18 Gruppo Surface- Fedrigoni SpA Bain Capital - ITALY - Fedrigoni SpA, a unit of Bain Capital Private Equity LP, agreed Cordenons SpA Coated LP to acquire Gruppo Cordenons SpA, a Milan- based manufacturer of Paperboard surface- coated paperboard, in a leveraged buyout transaction. Manufacturing

06/01/18 Hume Caravan & Aluminum Dexko Global Inc KPS Capital - AUSTRALIA - Dexko Global Inc (Dexko) of the US, a unit of KPS Capital Camping Sheet, Plate, Partners LP Partners LP, definitively agreed to acquire Hume Caravan & Camping and Foil Accessories Pty Ltd, a Campbellfield-based manufacturer of aluminum Manufacturing sheets, plates and foil. Concurrently, Dexko definitively agreed to acquire Turrisi Enterprises Pty Ltd.

06/05/18 Central Steel & Wholesale Ryerson Holding Platinum 140.000 US - Ryerson Holding Corp, a unit of Platinum Equity LLC, definitively Wire Co steel and wire Corp Equity LLC agreed to merge with Central Steel & Wire Co, a Chicago-based metal merchant wholesaler, for USD 140 mil in cash.

06/01/18 SI Group Inc Manufacture SK Capital Partners SK Capital - US - SK Capital Partners LP agreed to acquire SI Group Inc, a chemicals LP Partners LP Schenectady-based manufacturer of performance additives and intermediates, in a leveraged buyout transaction. MEDIA AND ENTERTAINMENT Rank Date Target Name Target Short Acquiror Full Name Acquiror Ranking Value Synopsis Business Ultimate inc. Net Debt of Description Parent Target ($Mil)

06/06/18 Screenvision Motion Picture ABRY Partners LLC ABRY - US - ABRY Partners LLC definitively agreed to acquire an undisclosed Exhibition Inc and Video Partners LLC majority interest in Screenvision Exhibition Inc, a New York City-based Production producer of motion pictures and videos, from AMC Entertainment Inc, ultimately owned by Marquee Holdings Inc and Shamrock Capital LP, ultimately owned by Marquee Holdings Inc, in a leveraged buyout transaction. Terms were not disclosed.

06/04/18 Integral Ad Advertising Vista Equity Partners Vista Equity - US - Vista Equity Partners LLC definitively agreed to acquire an Science Inc Agencies LLC Partners LLC undisclosed majority interest in Integral Ad Science Inc, a New York City-based advertising agency, in a leveraged buyout transaction. REAL ESTATE Rank Date Target Name Target Short Acquiror Full Name Acquiror Ranking Value Synopsis Business Ultimate inc. Net Debt of Description Parent Target ($Mil)

05/28/18 Investa Office Lessors Of Quartz Holding (NQ) Blackstone 3037.315 AUSTRALIA - Quartz Holding (NQ) Pte Ltd of Singapore, a unit of Fund Nonresidential Pte Ltd Group LP Blackstone Group LP (Blackstone), agreed to acquire the entire share Buildings (Except capital of Investa Office Fund, a Sydney-based real estate investment Miniwarehouses) trust, from Investa Commercial Property Fund, a unit of Investa Property Group and other shareholders, via scheme of arrangement offer, for an estimated AUD 5.25 (USD 3.963) in cash per share, or a total of AUD 3.142 bil (USD 2. 371 bil), in an unsolicited leveraged buyout transaction.

05/30/18 Groothandelsgebouwen Rental office HighBrook HighBrook 164.105 NETHERLANDS - HighBrook Investment Management LP of the US NV company Investment Invest Mgmt agreed to acquire the entire share capital of Groothandelsgebouwen Management LP LP NV, a Rotterdam-based lessor of nonresidential buildings, for EUR 56.76 (USD 65.49) per share, or a total value of EUR 88.112 mil (USD 101.664 mil), in a leveraged buyout transaction. TELECOMMUNICATIONS Rank Date Target Name Target Short Acquiror Full Name Acquiror Ranking Value Synopsis Business Ultimate inc. Net Debt of Description Parent Target ($Mil)

05/29/18 Lumeta Corp Other FireMon LLC Insight - US - FireMon LLC, a unit of Insight Venture Partners LLC, agreed Communications Venture to acquire Lumeta Corp, a Somerset-based manufacturer of Equipment Partners LLC communications equipment. Manufacturing 5 | BUYOUTS | June 25, 2018 www.buyoutsnews.com MARKET INTELLIGENCE

Closed LBOs By U.S. Sponsors (May 25, 2018 - June 8, 2018) CONSUMER PRODUCTS AND SERVICES Date Target Target Short Business Description Acquiror Full Acquiror Ranking Value Synopsis Effective/ Name Name Ultimate Parent inc. Net Debt of Unconditional Target ($Mil)

06/04/18 Mas Master Woodcraft Cabinetry LLC, located ACProducts Inc American Inds - US - ACProducts Inc, a unit of American Woodcraft in Marshall, Texas, is a manufacturer of Partners Mgmt Industrial Partners LP, acquired Master Cabinetry cabinets. The Company was founded in 2008. Woodcraft Cabinetry LLC, a Marshall- LLC based manufacturer of wood cabinets. Terms were not disclosed. The transaction was to include MCW Industries LLC.

06/01/18 Avoke Avoke Analytics is located in Cambridge, West Corp Apollo Global - US - West Corp, a unit of Apollo Global Analytics Massachusetts. The Company provides call Management Management LLC, acquired Avoke analytics solutions that enables companies in LLC Analytics, a Cambridge-based Call improving customer contact experiences. analytics solutions provider, from Raytheon BBN Technologies, ultimately owned by Raytheon Co.

06/04/18 Little Little Learning School Pty Ltd, located in Only About Bain Capital LP - AUSTRALIA - Only About Children Pty Ltd, Learning Sydney, Australia, provides child care services. Children Pty Ltd a unit of Bain Capital Asia LLC, acquired School Pty it offers language classes, literacy program, Little Learning School Pty Ltd, a Sydney- sports fundamental program, music program, based provider of child care services. move and groove, yoga, and tech know kids. The Company was founded in 2006.

05/31/18 Jackson Jackson Hewitt Tax Service Inc, located in Corsair Capital Corsair Capital - US - Corsair Capital LLC acquired Jackson Hewitt Tax Parsippany, New Jersey, provides tax return LLC LLC Hewitt Tax Service Inc, a Parsippany- Service Inc preparation services for low- and middle- based provider of tax preparation services, income customers, as well as provide from Bayside Capital Inc, ultimately electronic filing, refund-anticipation loans, owned by HIG Capital LLC, in a leveraged tax school, and audit presentation services. It buyout transaction. currently has approximately 6,800 franchised and company-owned offices throughout the US. The Company was founded in 1982.

06/04/18 Zeno Zeno Consulting Group LLC is a provider Abel Noser Corp Estancia Capital - US - Abel Noser Corp, a unit of Estancia Consulting of management consulting services. The Management Capital Management LLC, acquired Zeno Group LLC Company is located in Bethesda, Maryland. Consulting Group LLC, a Bethesda-based provider of management consulting services.

06/04/18 The Dwyer The Dwyer Group Inc, located in Waco, Texas, Harvest Partners Harvest Partners - US - Harvest Partners LP acquired Group Inc is a service-based franchise company. It is a LP LP The Dwyer Group Inc, a Waco-based holding company of 20 service brands and service-based franchise company, from supports franchise organizations under the The Riverside Co, in a leveraged buyout umbrella brand Neighborly in the United transaction. States and Neighbourly in Canada. The Company was founded in 1981.

06/07/18 Biosidus SA Biosidus SA is a drugs wholesaler. The Investor Group Investor Group - ARGENTINA - An investor group acquired Company is located in Buenos Aires, an undisclosed majority interest in Argentina. Biosidus S.A. a Buenos Aires-based drugs merchant wholesaler.

06/01/18 Midwest Midwest Materials Inc, located in Longmont, Pioneer Sand JLL Partners Inc - US - Pioneer Sand Co Inc, a unit of JLL Partners Materials Colorado, is a provider of landscaping Co Inc Inc, acquired Midwest Materials Inc, a Longmont- Inc services. based provider of landscaping services.

05/31/18 IQ-To-Link IQ-To-Link GmbH is a provider of Webhelp SAS KKR & Co LP - SERBIA - Webhelp SAS of France, a unit GmbH management consulting services. The of KKR European Fund IV, acquired an Company is located in Prishtine, Serbia. undisclosed majority interest in IQ-To-Link GmbH, a Prishtine-based provider of management consulting services.

05/30/18 Evolution Evolution Research Group LLC, located Linden LLC Linden LLC - US - Linden LLC acquired Evolution Research in Watchung, New Jersey, provides Research Group LLC, a Watchung-based Group LLC clinical research services. It is focused on provider of clinical research services, in a conducting simple and highly complex trials leveraged buyout transaction. in psychiatric and neurologic disorders, non-CNS indications, and early phase drug development. www.buyoutsnews.com June 25, 2018 | BUYOUTS | 6 MARKET INTELLIGENCE

CONSUMER PRODUCTS AND SERVICES Date Target Target Short Business Description Acquiror Full Acquiror Ranking Value Synopsis Effective/ Name Name Ultimate Parent inc. Net Debt of Unconditional Target ($Mil)

06/01/18 Interior Interior Specialists Inc, located in Carlsbad, Interior Logic Platinum Equity - US - Interior Logic Group INC, a unit of Specialists California, provides interior design and Group INC LLC Platinum Equity LLC, merged with Interior Inc installation services for the floor covering Specialists Inc, a Carlsbad- based provider industry. The Company specializes in flooring of interior design services, from Littlejohn and interior design; and provides products and & Co LLC. services for design center management, window coverings, countertops, and builder construction options, as well as design center services. It serves new home builders and homebuyers, custom home builders, property management companies, multi-family customers, the senior living industry, the commercial industry, government projects, and student housing customers. The Company was founded in 1982.

06/07/18 Good Good Sportsman Marketing LLC, located Sentinel Capital Sentinel Capital - US - Sentinel Capital Partners LLC acquired Sportsman in Grand Prairie, Texas, is a wholesaler Partners LLC Partners LLC Good Sportsman Marketing LLC, a Grand Marketing of sporting and recreational goods and Prairie-based sporting and recreational goods LLC supplies. and supplies merchant wholesaler, from Huron Capital Partners LLC, in a leveraged buyout transaction. Terms were not disclosed.

05/29/18 Williams Williams Equipment & Supply Co Inc is a Constr Supply The Sterling - US - Construction Supply Holdings LLC, Equip & provider of machinery and equipment rental Hldg LLC Group LP a unit of The Sterling Group LP, acquired Supply Co and leasing services. The Company is located Williams Equipment & Supply Co Inc, a in Memphis, Tennessee. Memphis-based provider of machinery and equipment rental and leasing services.

05/29/18 Interplay Interplay UK Ltd is developing and marketing PlayMonster LLC Topspin - UK - PlayMonster LLC of the US, a unit of UK Ltd innovative toys and gifts. The Company is Partners Topspin Partners, acquired Interplay UK located in Marlow, the United Kingdom. Ltd, a Marlow-based toy and hobby goods and supplies merchant wholesaler.

06/06/18 1-800-PACK- 1-800-PACK-RAT LLC, located in Wake Forest, Zippy Shell Inc Virgo - US - Zippy Shell Inc, a unit of Virgo RAT LLC North Carolina, is a provider of logistics Investment Investment Group LLC, merged with consulting services. It operates a portable Group LLC 1-800-PACK-RAT LLC, a Wake Forest-based storage container and moving company. The provider of logistics consulting services. Company provides a way to move or store customers stuff in the United States. Customers rent portable storage containers that are shipped on trucks and delivered to a residence or can be stored in a warehouse. It provides at cost, packing materials, transportation and housing of the units, or a customer can keep the container at their place of residence on a monthly basis. 7 | BUYOUTS | June 25, 2018 www.buyoutsnews.com MARKET INTELLIGENCE

CONSUMER STAPLES Date Target Target Short Business Description Acquiror Full Acquiror Ranking Value Synopsis Effective/ Name Name Ultimate Parent inc. Net Debt of Unconditional Target ($Mil)

06/01/18 Accolade Accolade Wines Australia Ltd, located in Reynella, The Carlyle The Carlyle 771.6 AUSTRALIA - The Carlyle Group LP of the Wines Australia, produces and wholesales wine, brandy Group LP Group LP US acquired the entire share capital of Australia spirits, and beer. The Company offers a range of Accolade Wines Australia Ltd (Accolade), Ltd labels, including the United Kingdom's Australian a Reynella-based winery, from CHAMP brand, Hardys, and Banrock Station, as well as Private Equity Pty Ltd (CHAMP) (80%) and wine producer, House of Arras. It offers portfolio of Constellation Brands Inc (20%), for AUD 1 brands, including Echo Falls, Geyser Peak, Grant bil (USD 771. 6 mil) in cash, in a secondary Burge Wines, Kumala, Mud House, Da Luca, buyout transaction. Previously, CHAMP Stowells and Vina Anakena. Its labels include acquired an 80% interest in Accolade. Babycham and Stones Ginger Wine. Da Luca is engaged in providing consumers with wines, made from Italy's signature varieties, including Sangiovese and Pinot Grigio, as well Prosecco. It owns production, packaging and distribution facilities located in Bristol, the United Kingdom and Berri, Australia. Its Accolade Park, the United Kingdom production plant, facilitates over six packaging lines-filling approximately 1,200 bottles per minute, which is over 600,000 bottles filled per day. It has presence in over 20 of Australias wine regions across Western Australia, Victoria, South Australia and Tasmania. ENERGY AND POWER Date Target Target Short Business Description Acquiror Full Acquiror Ranking Value Synopsis Effective/ Name Name Ultimate Parent inc. Net Debt of Unconditional Target ($Mil)

06/07/18 Sunbelt Sunbelt Transformer Ltd, located in Temple, Trilantic Capital Trilantic Capital - US - Trilantic Capital Management LP Transformer Texas, is a provider of new and re-manufactured Mgmt Lp Mgmt Lp acquired an undisclosed majority interest Ltd transformers for industrial and commercial clients. in Sunbelt Transformer Ltd, a Temple- The companys products include pad mount based manufacturer of power, distribution transformers, substation transformers, dry-type and specialty transformers, from Grey transformers, load interrupter switches, low Mountain Partners LLC, in a leveraged voltage switch-gear, and switch-gear components. buyout transaction. It offers services, such as leak repair and component replacement, testing, field services, and switch-gear rentals. The company has operations in Texas, California, Colorado, South Carolina, Pennsylvania, Florida, and Alabama, the United States. The Company was founded in 1981. FINANCIALS Date Target Target Short Business Description Acquiror Full Acquiror Ranking Value Synopsis Effective/ Name Name Ultimate Parent inc. Net Debt of Unconditional Target ($Mil)

06/01/18 Voya Voya Insurance & Annuity Co, located in Venerable Apollo Global 1100 US - Venerable Holdings Inc, a new company Insurance & Des Moines, Iowa, provides insurance Holdings Inc Management formed by Apollo Global Management LLC Annuity Co and annuities services. It primarily issues LLC (Apollo), Crestview Partners LP, Reverence Capital variable, fixed and fixed indexed annuities. Partners LLC and Athene Holding Ltd of Bermuda, acquired the entire share capital of Voya Insurance & Annuity Co, a Des Moines- based provider of insurance and annuities services, from Voya Financial Inc (Voya Financial), for an estimated USD 1.1 bil, in a leveraged buyout transaction. Originally, in December 2017, Apollo was rumored to be planning to acquire Voya Financial's annuity assets

05/31/18 Aspirion Aspirion Health Resources LLC is a provider Aquiline Capital Aquiline Capital - flash : US - Aquiline Capital Partners LLC Health of claims adjusting services. The Company is Partners LLC Partners LLC acquired Aspirion Health Resources LLC, Resources located in Columbus, Georgia. a Columbus-based provider of claims LLC adjusting services, from BIP Capital, in a leveraged buyout transaction. www.buyoutsnews.com June 25, 2018 | BUYOUTS | 8 MARKET INTELLIGENCE

FINANCIALS Date Target Target Short Business Description Acquiror Full Acquiror Ranking Value Synopsis Effective/ Name Name Ultimate Parent inc. Net Debt of Unconditional Target ($Mil)

05/29/18 Aspirion Aspirion Health Resources LLC is a provider Aquiline Capital Aquiline Capital - US - Aquiline Capital Partners LLC Health of claims adjusting services. The Company is Partners LLC Partners LLC acquired Aspirion Health Resources LLC, Resources located in Columbus, Georgia. a Columbus-based provider of claims LLC adjusting services, from BIP Capital and other investors, in a leveraged buyout transaction.

05/31/18 Hartford Hartford Life Inc, located in Simsbury, Hartford Life Inc Cornell Capital 1607 US - Hartford Life Inc SPV, a special purpose Life Inc Connecticut, provides insurance and financial SPV LLC acquisition vehicle jointly owned by Cornell services with operations that provide Capital LLC, Atlas Merchant Capital LLC, TRB annuity products such as individual variable Advisors LP, Global Atlantic Financial Group annuities and fixed MVA annuities, deferred Ltd of Bermuda, Pine Brook Road Partners LLC, compensation and retirement plan services and Grupo Safra SA of Brazil, acquired Hartford and mutual funds for savings and retirement Life Inc, a Simsbury- based provider of life needs. The Company was founded in 1996. insurance services, from Hartford Holdings Inc, ultimately owned by The Hartford Financial Services Group Inc, for a total USD 1. 607 bil, in a leveraged buyout transaction. The consideration consisted of USD 1.443 bil in cash and USD 164 mil in stock. Originally, in June 2017, Atlas Merchant Capital LLC was rumored to be planning to acquire Hartford Life Inc.

06/01/18 Learner Finl Learner Financial Corp is a commercial bank. Mechanics Bank Ford Financial - US - Mechanics Bank of Corp The Company is located in Walnut Creek, of Richmond Fund II LP Richmond,Richmond,California, a unit California. of Ford Financial Fund II LP, acquired Learner Financial Corp, a Walnut Creek- based commercial bank. Terms were not disclosed.

06/05/18 Flather & Flather & Perkins Inc is an insurance agency. Hub Hellman & - US - Hub International Ltd, a unit of Perkins Inc The Company is located in Washington. International Ltd Friedman LLC Hellman & Friedman LLC, acquired the entire share capital of Flather & Perkins Inc, insurance agency. Terms were not disclosed.

06/04/18 Professional Professional Program Insurance Brokerage, located Specialty Hellman & - US - Specialty Program Group LLC, a Program Ins in Novato, California, is an insurance agency. Itis Program Group Friedman LLC unit of Hub International Ltd, acquired Brkg a niche managing general underwriter which LLC Professional Program Insurance specializes in providing solutions for emerging risks Brokerage, a Novato- based insurance including Cannabis, Medi Spas, E-Cigarettes, Tattoo agency. Terms were not disclosed. Shops, Beauty Salons, Carnivals, Pyrotechnics, Smoke Shops, and Permanent Cosmetics. The Company was founded in 1993.

06/06/18 IPES IPES Holdings Ltd is a financial vehicle. The Investor Group Investor Group - UK - An investor group, comprised of Apex Holdings Company was founded in February 1998 and Fund Services Ltd and Genstar Capital LLC Ltd is located in London, the United Kingdom. acquired IPES Holdings Ltd, a London- based financial vehicle, from Silverfleet Capital Ltd.

06/05/18 Mid Atlantic Mid Atlantic Capital Group Inc, located in Mid Atlantic Parthenon - US - Mid Atlantic Capital Group Inc Capital Grp Pittsburgh, Pennsylvania, provides financial Capital Grp Inc Capital Partners SPV, jointly owned by Waterfall Asset Inc transactions services. Management LLC and Parthenon Capital Partners LLC, acquired Mid Atlantic Capital Group Inc, a Pittsburgh-based provider of financial transactions services, in a leveraged buyout transaction.

05/29/18 FTJ FTJ FundChoice LLC, located in Hebron, NorthStar TA Associates - US - NorthStar Financial Services Group FundChoice Kentucky, provides asset management Financial Svcs Management LP LLC, a unit of TA Associates Management LLC services. Its services include mutual fund Grp LP, acquired FTJ FundChoice LLC, a platforms, Turnkey Asset Management Hebron-based investment advisor, from Program, trade management and Seaport Capital LLC. Terms were not reconciliation, portfolio modeling, record disclosed. keeping, performance reporting, fee billing and web-based account services. It was founded in 2001. 9 | BUYOUTS | June 25, 2018 www.buyoutsnews.com MARKET INTELLIGENCE

HEALTHCARE Date Target Target Short Business Description Acquiror Full Acquiror Ranking Value Synopsis Effective/ Name Name Ultimate Parent inc. Net Debt of Unconditional Target ($Mil)

06/04/18 Water's Edge Water's Edge Dermatology Inc, located in Gryphon Gryphon - US - Gryphon Investors Inc acquired an Dermatology Palm Beach Gardens, Florida, is a physician Investors Inc Investors Inc undisclosed majority interest in Water's Inc office operator. Edge Dermatology Inc, a Palm Beach Gardens-based physician's office operator, in a leveraged buyout transaction.

06/06/18 Med Medical Consultants Network LLC, located Mitchell KKR & Co LP - US - Mitchell International Inc, a unit of Consultants in Seattle, Washington, is a provider of International Inc KKR & Co LP, acquired Medical Consultants Network Llc ambulatory health care services. Network LLC, a Seattle-based provider of ambulatory health care services.

06/06/18 Pt Solutions PT Solutions LLC, located in Atlanta, Georgia, owns Lindsay Lindsay - US - Lindsay Goldberg LLC acquired PT LLC and operates outpatient clinics. The Company's Goldberg LLC Goldberg LLC Solutions LLC (PT) , an Atlanta-based services include physical therapy, electrodiagnostic health practitioner's office operator, from testing, sports medicine, industrial rehabilitation, New Harbor Capital LLC (New Harbor), medical fitness, as well as rehabilitation in a secondary buyout transaction. management services for physicians and hospitals. Originally, New Harbor acquired PT.

06/06/18 Jay Care Jay Care Medical Center Inc is a provider of Strategic Health MBF Healthcare - US - Strategic Health Services LLC, a unit Med Ctr Inc home health care services. The Company is Services LLC Partners LP of MBF Healthcare Partners LP, acquired located in Lakeland, Florida. Jay Care Medical Center Inc, a Lakeland- based provider of home health care services. Concurrently, Strategic Health acquired Parkview Medical Group LLC.

06/06/18 Pkview Med Parkview Medical Group LLC is a provider of Strategic Health MBF Healthcare - US - Strategic Health Services LLC, a unit Grp Llc home health care services. The Company is Services LLC Partners LP of MBF Healthcare Partners LP, acquired located in Pueblo, Colorado. Parkview Medical Group LLC, a Pueblo- based provider of home health care services. Concurrently, Strategic Health acquired Jay Care Medical Center Inc.

06/06/18 Paladina Paladina Health LLC, based in Denver, New Enterprise New Enterprise 100 US - New Enterprise Associates Inc Health LLC Colorado provides direct primary care health Associates Inc Associates Inc acquired Paladina Health LLC, a Denver- services. based provider of ambulatory health care services, from DaVita Inc, for a total USD 100 mil, in a leveraged buyout transaction.

06/05/18 Expanding Expanding Orthopedics Inc is located in Corelink Llc The Stephens - US - Corelink LLC, a unit of The Stephens Orthopedics Atlanta, Georgia. The Company is a medical Group LLC Group LLC, acquired Expanding Inc device company that develops and markets Orthopedics Inc, an Atlanta- based innovative spinal products. Its products Medical device company. Terms of the consists of XPED Pedicle Screw System and transaction were not disclosed. FLXfit 3D Expandable Cage. HIGH TECHNOLOGY Date Target Target Short Business Description Acquiror Full Acquiror Ranking Value Synopsis Effective/ Name Name Ultimate Parent inc. Net Debt of Unconditional Target ($Mil)

06/01/18 Brand Brand Protection Agency LLC, located in Ansira Partners Advent - US - Ansira Partners Inc, a unit of Advent Protection Dallas, Texas, is a security software publisher Inc International International Corp, acquired Brand Agency LLC for SaaS solutions . Corp Protection Agency LLC, a Dallas-based provider of security systems services. www.buyoutsnews.com June 25, 2018 | BUYOUTS | 10 MARKET INTELLIGENCE

HIGH TECHNOLOGY Date Target Target Short Business Description Acquiror Full Acquiror Ranking Value Synopsis Effective/ Name Name Ultimate Parent inc. Net Debt of Unconditional Target ($Mil)

06/01/18 Toshiba Toshiba Memory Corp, based in Tokyo, Japan, KK Pangea Bain Capital LP 17932.69 JAPAN - KK Pangea (Pangea), a special purpose Memory provides the design, development and sales acquisition vehicle formed by BCPE Pangea Corp of memory (including SSD) and related Cayman LP (49.9%), a unit of Bain Capital products. The Company was founded in 2017. Private Equity LP, ultimately owned by Bain Capital LP, TOSHIBA Corp (40. 2%), and HOYA Corp (9.9%), acquired the entire share capital of Toshiba Memory Corp (Toshiba Memory), a Minato-Ku, Tokyo-based provider of the design, development and sales of memory and related products, from TOSHIBA Corp (TOSHIBA), for a total value of JPY 2 tril (USD 17.933 bil) in cash, in a leveraged buyout transaction. Originally in January 2017, Western Digital Corp (Western Digital) was rumored to be planning to acquire a 20% ownership interest in the flash memory semiconductor business of TOSHIBA, in a privately negotiated transaction. In June 2017, TOSHIBA announced that it was seeking a buyer for an undisclosed majority ownership interest in its flash memory semiconductor business, via an auction. Canon Inc, Permira of UK, Bain Capital, Western Digital, Silver Lake Partners of US, Micron Technology Inc of US, Microsoft Corp of US, Apple Inc of US, SK Hynix Inc of South Korea, Foxconn Technology Group of Taiwan, Tokyo Electron Ltd, Innovation Network Corporation of Japan, and Development Bank of Japan Inc were named as potential bidders.

05/29/18 LinQuest LinQuest Corp, located in Los Angeles, LinQuest Corp CoVant Inc - US - LinQuest Corp SPV, a special Corp California, provides information technology SPV acquisition vehicle created by CoVant services. It offers engineering, acquisition, Inc and Madison Dearborn Partners and operations services for US government LLC, acquired an undisclosed majority communications, command, and control, interest in LinQuest Corp, a Los Angeles- and information systems. It is focused on based provider of computer facilities the development, integration, deployment, management services, in a leveraged and operation of state of the art command buyout transaction. Terms were not and control and information systems that disclosed. deliver critical network centric solutions. The Company was founded in 1974.

06/05/18 Navetti AB Navetti AB is a software publisher. The Vendavo Inc Francisco - SWEDEN - Vendavo Inc of the US, a Company was founded in 2003 and is located Partners LP unit of Francisco Partners LP, acquired in Stockholm, Sweden. It offers a combination Navetti AB, a Stockholm-based software of advanced price optimization software and publisher. consulting expertise. Navetti PricePoint is the acclaimed software suite, an essential tool for day-to-day price optimization across all aspects of pricing strategy. The Company also has offices in Dusseldorf, Germany, Paris, France and Helsinki, Finland.

06/06/18 Mediapro Mediapro Holdings LLC, located in Bothell, Frontier Capital Frontier Capital - US - Frontier Capital LLC acquired an Holdings Washington, is a provider of computer LLC LLC undisclosed majority interest in Mediapro LLC systems design services. The Company was Holdings LLC, a Bothell-based provider of founded in 1992. computer systems design services, from Clovis Point Capital LLC, in a leveraged buyout transaction.

06/04/18 EMS EMS Software LLC is a software publisher. The Accruent LLC Genstar Capital - US - Accruent LLC, a unit of Genstar Software Company is located in Centennial, Colorado. LLC Capital LLC, acquired EMS Software LLC, a LLC Centennial-based software publisher.

06/06/18 Maintenance Maintenance Connection Inc located in Accruent LLC Genstar Capital - US - Accruent LLC, a unit of Genstar Connection Davis, California, provides computerized LLC Capital LLC, acquired Maintenance Inc maintenance management software services. Connection Inc, a Davis-based The Company was founded in 1999. software publisher, from TA Associates Management LP. 11 | BUYOUTS | June 25, 2018 www.buyoutsnews.com MARKET INTELLIGENCE

HIGH TECHNOLOGY Date Target Target Short Business Description Acquiror Full Acquiror Ranking Value Synopsis Effective/ Name Name Ultimate Parent inc. Net Debt of Unconditional Target ($Mil)

05/29/18 Blackpoint Blackpoint Technology LLP is a provider of Investor Group Investor Group 6 US - An investor group, comprised of Adelphi Tech LLP data processing and hosting services. The Capital LLP, Maryland Venture Capital Trust Company is located in Rumson, New Jersey. and Telcom Ventures LLC acquired the remaining stake, which it did not already own, in Blackpoint Technology LLP, a Rumson-based provider of data processing and hosting services, for a total USD 6 mil, in a privately negotiated transaction.

06/07/18 Severin Severin Topco LLC is a software. The Company Investor Group Investor Group - US - An investor group, comprised of Onex Topco LLC is located in New Castle, Delaware. Corp and Vista Equity Partners LLC acquired an undisclosed majority interest in Severin Topco LLC, a New Castle-based reproducer of software, in a leveraged buyout transaction.

05/30/18 FrontStream FrontStream Holdings LLC, located in Cambridge, Marlin Equity Marlin Equity - US - Marlin Equity Partners LLC acquired Holdings Massachusetts, is a software publisher. Its flagship Partners LLC Partners LLC FrontStream Holdings LLC, a Cambridge- LLC product, Panorama , is a fundraising platform that based software publisher, in a leveraged helps nonprofits and companies raise more money buyout transaction. and provide a personalized experience for donors, members, volunteers, and employees alike.

06/06/18 mTAB LLC mTAB LLC, located in Anaheim, California, is a Milestone Milestone - US - Milestone Partners LLC acquired software publisher. The services includes data Partners LLC Partners LLC mTAB LLC, an Anaheim- based software types support, spreadsheet view, data formatting, publisher, in a leveraged buyout question selection, trending and combining survey transaction. projects, two dimensional and three dimensional cross tabulation, cluster analysis, recoding variables, graphics/data visualization and saving and exporting. mTAB's services include mTAB service bureau, which compares, combines and trends the results of research projects; mTAB self- managed, which helps analyzing ad-hoc projects that do not require mTAB's service bureau; mTAB report automation, which creates and maintains tabular and graphical presentation decks. The Company was founded in 1996.

05/31/18 TEN Ten Tecnologie & Networking Srl is a software Lutech SpA OEP Parent LLC - ITALY - Lutech SpA, a unit of One Equity Partners LLC, Tecnologie publisher for the CRM market. The Company acquired the entire share capital of TEN Tecnologie & & was founded in 2001 and is located in Milan, Networking Srl, a Milan-based software publisher, in Networking Italy. a leveraged buyout transaction.

06/06/18 Veropath Veropath Ltd is a software publisher. The Calero Software Riverside - UK - Calero Software LLC of the US, a Ltd Company is located in Edinburgh, the United LLC Partners LLC unit of Riverside Partners LLC, acquired Kingdom. Veropath Ltd, an Edinburgh- based software publisher. Terms were not disclosed.

05/30/18 DM2 DM2 Software Inc, located in Vancouver, Professional TA Associates - US - Professional Datasolutions Inc, a unit Software Washington, is a software publisher. The Datasolutions Management LP of TA Associates Management LP, acquired Inc Company was founded in October 1989. Inc DM2 Software Inc, a Vancouver-based software publisher.

06/06/18 Insight Insight Group Ltd is a provider of business TA Associates TA Associates - UK - TA Associates Management LP of Group Ltd optimization software and solutions for Management LP Management LP the US acquired Insight Group Ltd, a the enterprise resource planning market London-based reproducer of software, in worldwide. The Company is located in a leveraged buyout transaction. London, the United Kingdom.

05/29/18 Sumerian Sumerian Europe Ltd is provides The only SaaS ITRS Group PLC The Carlyle - UK - ITRS Group PLC, a unit of The Carlyle Europe Ltd product on the market that lets you accurately assess Group LP Group LP, acquired Sumerian Europe Ltd, your future IT infrastructure options and select the investment advisor, from Scottish Equity right way forward with confidence. Its powerful Partners LLP. Forward Thinking scenario modelling lets you evaluate and communicate your plans.Providing advanced predictive analytics and operational intelligence for your Hybrid IT The Company was founded in 2002 and is located in the United Kingdom. www.buyoutsnews.com June 25, 2018 | BUYOUTS | 12 MARKET INTELLIGENCE

HIGH TECHNOLOGY Date Target Target Short Business Description Acquiror Full Acquiror Ranking Value Synopsis Effective/ Name Name Ultimate Parent inc. Net Debt of Unconditional Target ($Mil)

06/06/18 EOS EOS Worldwide LLC, located in Livonia, The Firefly Grp The Firefly Grp - US - The Firefly Group LLC acquired Worldwide Michigan, is a software publisher. Llc Llc EOS Worldwide LLC, a Livonia-based LLC software publisher, in a leveraged buyout transaction. Terms were not disclosed.

06/01/18 DXC Tech The US Public Sector business of DXC Veritas Capital Veritas Capital - US - Veritas Capital Partners LP acquired the Co-US Technology Co, located in Virginia. Partners LP Partners LP entire share capital of the US Public Sector Public Business of DXC Technology Co, a Tysons- Sector based provider of technology consulting, outsourcing and support services, in a leveraged buyout transaction.

06/05/18 Kapow Kapow Events Inc, headquartered in Chicago, Cvent Inc Vista Equity - US - Cvent Inc, a unit of Vista Equity Partners Events Inc Illinois, provides an online marketplace Partners LLC LLC, acquired Kapow Events Inc, a Chicago- platform for corporate event venues. The based provider of online marketplace Company was founded in 2012. platform for corporate event venues.

06/06/18 Scribe Scribe Software Corp is a software. The TIBCO Software Vista Equity - US - TIBCO Software Inc, a unit of Vista Equity Software Company is located in New Hampshire. Inc Partners LLC Partners LLC, acquired Scribe Software Corp, Corp a Manchester-based reproducer of software. INDUSTRIALS Date Target Target Short Business Description Acquiror Full Acquiror Ranking Value Synopsis Effective/ Name Name Ultimate Parent inc. Net Debt of Unconditional Target ($Mil)

05/29/18 Applied Applied Fusion Inc, located in San Leandro, IMG Cos LLC Addison Capital - US - IMG Cos LLC, a unit of Addison Capital Fusion Inc California, is a machine shop operator. Partners LLC Partners LLC, acquired Applied Fusion Inc, a San Leandro-based machine shop operator.

05/31/18 Geevers Geevers Auto Parts Bv is a motor vehicle Doyen Auto SA Bain Capital LP - NETHERLANDS - Doyen Auto SA of Auto Parts supplies and parts wholesaler. The Company Belgium, a unit of Autodistribution Bv is located in Veldhoven, the Netherlands. SA, acquired Geevers Auto Parts Bv, a Veldhoven-based motor vehicle supplies and parts merchant wholesaler.

06/01/18 Mountain Mountain Secure Systems is a manufacturer Cache Creek Cache Creek - US - Cache Creek Industries LLC acquired Secure of search, detection, navigation, guidance, Industries LLC Industries LLC Mountain Secure Systems, a Longmont- Systems aeronautical and nautical systems and based manufacturer of search, detection, instruments. The Company is located in navigation, guidance, aeronautical Longmont, Colorado. and nautical systems and instruments, from Phillips Service Industries Inc, in a leveraged buyout transaction.

05/31/18 C&M C&M Conveyor Inc, located in Bloomington, Capitalworks CapitalWorks - US - Capitalworks Fund IV LP, a unit of Conveyor Indiana, is a manufacturer and designer of Fund IV LP LLC CapitalWorks LLC, acquired C&M Conveyor Inc conveyor and conveying equipment. Inc, a Bloomington-based manufacturer of conveyor and conveying equipment, from Blue Sage Capital LP. Terms were not disclosed.

06/08/18 Esys Corp Esys Corp, headquartered in Auburn Hills, JR Automation Crestview - US - JR Automation Technologies LLC, a Michigan, is an engineering and manufacturing Technologies Partners LP unit of Crestview Partners LP, acquired systems integration firm. It provides automation LLC Esys Corp, an Auburn Hills-based design, simulation, and machine building, engineering and manufacturing systems including advanced robotic systems and industry- integration firm. specific software solutions to the automotive industry. The Company was founded in 1999.

06/04/18 mefro mefro Wheels GmbH is a motor vehicle Accuride Corp Crestview - GERMANY - Accuride Corp of the US, a Wheels supplies and parts wholesaler. The Company Partners LP unit of Crestview Partners LP, acquired GmbH was founded in 1991 and is located in mefro Wheels GmbH, a Solingen-based Solingen, Germany. motor vehicle supplies and parts merchant wholesaler. Terms of the deal were not disclosed. Originally, in October 2016, mefro Wheels GmbH announced that it was seeking a buyer for the company. 13 | BUYOUTS | June 25, 2018 www.buyoutsnews.com MARKET INTELLIGENCE

INDUSTRIALS Date Target Target Short Business Description Acquiror Full Acquiror Ranking Value Synopsis Effective/ Name Name Ultimate Parent inc. Net Debt of Unconditional Target ($Mil)

06/06/18 Elevator Elevator Controls Corp is a manufacturer GAL Golden Gate - US - GAL Manufacturing Corp, a unit of Controls of elevators. The Company is located in Manufacturing Capital Inc Golden Gate Capital Inc, acquired Elevator Corp Sacramento, California. Corp Controls Corp, a Sacramento- based manufacturer of elevators. Terms were not disclosed.

06/05/18 Shermco Shermco Industries Inc, located in Irving, Texas, Gryphon Gryphon - US - Gryphon Investors Inc acquired Industries provides electrical services. It provides testing, Investors Inc Investors Inc Shermco Industries Inc (Shermco), an Inc repair, professional training, maintenance and Irving- based electrical contractor, from analysis of rotating apparatus and electrical power GFI Energy Group LLC (GFI), owned by distribution systems and related equipment. The Oaktree Capital Management LP, in a Company was founded in 1974 and has a sales secondary buyout transaction. Terms were office in Brussels and service centers in Austin, not disclosed. Originally, GFI acquired Houston, Tulsa, Sweetwater and Cedar Rapids. Shermco, in a primary buyout transaction.

05/29/18 Hardinge Hardinge Inc, located in Elmira, New York, Investor Group Investor Group 166.755 US - An investor group, comprised of Privet Inc manufactures and wholesales metal-cutting Fund LP and Privet Fund Management LLC machines. It is specialized in precision computer acquired the remaining 89. 429% interest, numerically controlled metal-cutting machines. or 11.622 mil common shares, which it The Company supply high precision computer did not already own, in Hardinge Inc, an controlled metal-cutting turninggrinding Elmira-based manufacturer of metal cutting machines, vertical machining centers, and machine tools, for a sweetened USD 18.50 accessories related to those machines. It has in cash per share, or a total of USD 214.151 manufacturing facilities located in China, mil, via an unsolicited offer. Originally, Pivet Switzerland, Taiwan, the Kingdom and the United offered USD 17.25 in cash per share, or a States. The Company was founded in 1948. total USD 199.681 mil.

06/07/18 Crimson Crimson Electric Inc, located in Duncan, South Ohio Irving Place - US - Ohio Transmission Corp, a unit of Irving Electric Inc Carolina, provides electrical apparatus repair Transmission Capital Inc Place Capital Inc, acquired Crimson Electric and testing services. It also wholesales electric Corp Inc, a Duncan-based provider of electrical motors. The Company was founded in 1954. apparatus repair and testing services.

06/04/18 Newsys Srl Newsystem Srl is a manufacturer of wood Trident Maritime JF Lehman & Co - ITALY - Trident Maritime Systems LLC of products. The Company produces furnitures Systems LLC the US, a unit of JF Lehman & Co, acquired and related wood products with special Newsystem Srl, a Cazzano Santandrea- application to boats. The Company was based manufacturer of wood products, in founded in 1978 and is located in Cazzano a leveraged buyout transaction. Santandrea, Italy.

06/04/18 RedZone RedZone Robotics Inc, located in Pittsburgh, Milestone Milestone - US - Milestone Partners LLC acquired Robotics Pennsylvania, is a provider of wastewater Partners LLC Partners LLC RedZone Robotics Inc, a Pittsburgh- Inc asset management solutions through its based manufacturer of machinery, from ICOM3 Asset Management Software. It ABS Capital Partners, in a leveraged provides pipeline & wastewater inspection buyout transaction. products.

06/07/18 MAG DS MAG DS Corp is a charter airline. The New Mountain New Mountain - US - New Mountain Capital LLC, a unit Corp Company was founded in 2010 and is located Capital LLC Capital Group of New Mountain Capital Group LLC, in Sterling, Virginia. LLC acquired the entire share capital of MAG DS Corp, a Sterling-based charter airline, from Clairvest Group Inc, in a leveraged buyout transaction.

06/04/18 Amcor Inds Amcor Industries Inc is an automotive parts Wheel Pros LLC Reservoir - US - Wheel Pros LLC, a unit of Inc and accessories retailer. The Company is Capital Group Clearlake Capital Group LP, acquired located in California. LLC Amcor Industries Inc, manufacturer of automobiles. Terms were not discslosed.

05/29/18 Clamp Srl Clamp Srl is a manufacturer of current- Clamp Hldg Srl Snow Phipps - ITALY - Clamp Holdings Srl, a unit of Ideal carrying wiring devices. The Company is Group LLC Clamp Products Inc, acquired the entire located in Cerro al Lambro, Italy. share capital of Clamp Srl, a Cerro al Lambro-based manufacturer of current- carrying wiring devices, in a leveraged buyout transaction.

06/06/18 Altus Traffic Altus Traffic Pty Ltd is a provider of traffic Sterling Capital Sterling Capital - US - Sterling Capital Ltd acquired Altus Traffic Pty Ltd engineering services. The Company is located Ltd Ltd Pty Ltd, an Irving-based provider of engineering in Irving, Texas. services, in a leveraged buyout transaction. www.buyoutsnews.com June 25, 2018 | BUYOUTS | 14 MARKET INTELLIGENCE

MATERIALS Date Target Target Short Business Description Acquiror Full Acquiror Ranking Value Synopsis Effective/ Name Name Ultimate Parent inc. Net Debt of Unconditional Target ($Mil)

06/05/18 Adhesives Adhesives Technology Corporation, located in Arsenal Capital Arsenal Capital - US - Arsenal Capital Partners LP acquired Tech Corp Pompano Beach, Florida, is a manufacturer Partners LP Partners LP Adhesives Technology Corp, a Pompano of adhesives. The Company offers anchoring, Beach-based manufacturer of adhesives, doweling, bonding and coating, concrete in a leveraged buyout transaction. repair, joint treatment, demolition, and property maintenance. It offers a range of services private labeling, contract packaging, and contract manufacturing. Its brands include ULTRABOND, CRACKBOND, and MIRACLE BOND. The Company was founded in 1978.

06/06/18 Epoxy Tech Epoxy Technology Inc, located in Billerica, Arsenal Capital Arsenal Capital - US - Arsenal Capital Partners LP acquired Inc Massachusetts, manufactures high- Partners LP Partners LP Epoxy Technology Inc, a Billerica-based performance specialty epoxy, ultraviolet, and manufacturer of adhesives, in a leveraged hybrid adhesives. The Company was founded buyout transaction. in 1966.

06/04/18 Mondi Paper mill of Mondi PLC, located in Pine Twin Rivers Atlas Holdings - US - Twin Rivers Paper Co Inc, jointly Plc-Paper Bluff, Arkansas. Paper Co Inc LLC owned by Blue Wolf Capital Partners Millpine LLC and Atlas Holdings LLC, definitively acquired the paper mill of Mondi PLC, a Surrey-based newsprint mill operator.

06/08/18 Burton Burton Roofing Merchants Ltd, located in Cupire Padesa The Carlyle - UK - Cupire Padesa SL of Spain, a unit Roofing Newcastle upon Tyne, UK, manufactures SL Group LP of The Carlyle Group LP, acquired the Merchants and wholesales roofing materials such remaining 20% stake, which it did not Ltd as concretes and clay tiles, slates, lead, already own, in Burton Roofing Merchants ventilation, insulation Ltd, a Newcastle Upon Tyne-based manufacturer of concrete products, a unit of CUPA Natural Materials, owned by Cupa Group.

06/01/18 Pestell Pestell Group, located in New Hamburg, Pestell Grp Spv Wind Point - CANADA - Pestell Group SPV of the US, Group Ontario, manufactures and wholesales Partners jointly owned by Wind Point Partners minerals and ingredients and cat litter and and Matt Miller, acquired Pestell Group, small animal bedding products through its a New Hamburg-based manufacturer two business units namely, Pestell Minerals of inorganic chemicals, in a leveraged and Ingredients and Pestell Pet Products. The buyout transaction. Company was founded in 1973. MEDIA AND ENTERTAINMENT Date Target Target Short Business Description Acquiror Full Acquiror Ranking Value Synopsis Effective/ Name Name Ultimate Parent inc. Net Debt of Unconditional Target ($Mil)

05/28/18 La Quinta La Quinta Resort & Club, located in La Quinta, Blackstone Blackstone - US - Blackstone Group LP acquired La Resort & California, is an owner and operator of a Group LP Group LP Quinta Resort & Club, a La Quinta-based Club resort. Its facilities include a golf course and hotel operator, from the Singaporean a tennis court. It was founded in 1926. state-owned GIC Pte Ltd, ultimately owned by the Singaporean state-owned Singapore, in a leveraged buyout transaction. Concurrently, Blackstone Group LP acquired PGA West, a La Quinta-based golf course and country club operator.

05/28/18 PGA West PGA West, located in La Quinta, California, Blackstone Blackstone - US - Blackstone Group LP acquired PGA owns and operates a golf club. Group LP Group LP West, a La Quinta-based golf course and country club operator, from the Singaporean state-owned GIC Pte Ltd, ultimately owned by the Singaporean state- owned Singapore, in a leveraged buyout transaction. Concurrently, Blackstone Group LP acquired La Quinta Resort & Club, a La Quinta- based hotel operator. 15 | BUYOUTS | June 25, 2018 www.buyoutsnews.com MARKET INTELLIGENCE

MEDIA AND ENTERTAINMENT Date Target Target Short Business Description Acquiror Full Acquiror Ranking Value Synopsis Effective/ Name Name Ultimate Parent inc. Net Debt of Unconditional Target ($Mil)

05/29/18 US Fitness US Fitness Products Inc, headquartered in US Fitness Delos Capital - US - US Fitness Products Inc SPV, a special Products Raleigh, North Carolina, provides health Products Inc SPV LLC purpose acquisition vehicle formed by Delos Inc and fitness services. It owns fitness clubs Capital LLC and HRS Management LLC, acquired and wholesales fitness products like cardio an undisclosed majority interest in US Fitness and strength equipment. The Company was Products Inc, a Raleigh-based provider of health founded in 1991. and fitness services. Terms were not disclosed.

05/31/18 Und Planet The 31 undisclosed Planet Fitness Franchise Sunshine TSG Consumer - US - Sunshine Fitness Management LLC, a Fitness Locations is a fitness and recreational sports Fitness Mgmt Partners LLC unit of TSG Consumer Partners LLC, acquired Franch (31) center operator. The Company is located in LLC 31 undisclosed Planet Fitness franchise Florida. locations, fitness and recreational sports center operator. Terms were not disclosed. REAL ESTATE Date Target Target Short Business Description Acquiror Full Acquiror Ranking Value Synopsis Effective/ Name Name Ultimate Parent inc. Net Debt of Unconditional Target ($Mil)

05/31/18 Hamptons Hamptons at Woodland Pointe, located Hamptons At Admiral Capital - US - Hamptons At Woodland Pointe SPV, At in Nashville, Tennessee, is a 240-unit Woodland Group a special acquisition vehicle formed Woodland multifamily property. Pointe by Admiral Capital Group and Security Properties Inc, acquired Hamptons at Woodland Pointe, a Nashville-based is a 240-unit multifamily property.

05/30/18 Modera At Modera At Observatory Park Apartments, Bascom Group Bascom Group - FLASH : US - Bascom Group LLC acquired Observatory located in Denver, Colorado, owns and LLC LLC Modera Observatory Park Apartments, Pk operates apartments. a Denver- based lessor of residential buildings and dwellings, in a leveraged buyout transaction. The terms of the transaction were not disclosed, but according to sources close to the transaction, the reported deal value was estimated at USD 92.5 mil.

06/08/18 Canyon Park Canyon Park Technology Center, located in Investor Group Investor Group - FLASH: US - An investor group, comprised of Technology Orem, Utah, is a lessor of real estate property. Cerberus Capital Management LP and The Muller Center Co acquired Canyon Park Technology Center, an Orem-based lessor of real estate property.

05/25/18 publity-office 4 office properties of publity AG, located Investor Group Investor Group - GERMANY - An investor group, comprised properties(4) in Germany. The office portfolio consist of of JPMorgan Asset Management Holdings 100,000 sqm. UK Ltd, a unit of JPMorgan Asset Management International Ltd and LGT Capital Partners AG acquired 4 office properties of publity AG, a Leipzig- based investment advisor, ultimately owned by Consus GmbH. Terms were not disclosed. RETAIL Date Target Target Short Business Description Acquiror Full Acquiror Ranking Value Synopsis Effective/ Name Name Ultimate Parent inc. Net Debt of Unconditional Target ($Mil)

05/29/18 Jollyes Jollyes Retail Group Ltd is a pet food retailer. Investor Group Investor Group - UK - A management-led investor group, Retail It provides dog,cat,small pet, bird& wildlife, comprised of Kester Capital LLP, a unit of Group Ltd fish and reptile food products. The Company Greenhill Capital Partners LLC, acquired provides pet clinic and grooming services. Jollyes Retail Group Ltd, a Hove-based The Company was founded in 1935 and is pet store operator, in a leveraged buyout located in Hove, the United Kingdom. transaction.

06/07/18 Goiko Goiko Gourmet SL is a full-service restaurant L Catterton L Catterton 141.276 SPAIN - L Catterton of the US acquired an Gourmet SL operator. The Company was founded in 80% interest in Goiko Gourmet SL, a Madrid- November 2012 and is located in Madrid, based full-service restaurant operator, for Spain. a total EUR 120 mil (USD 141.276 mil), in a leveraged buyout transaction. www.buyoutsnews.com June 25, 2018 | BUYOUTS | 16 MARKET INTELLIGENCE

RETAIL Date Target Target Short Business Description Acquiror Full Acquiror Ranking Value Synopsis Effective/ Name Name Ultimate Parent inc. Net Debt of Unconditional Target ($Mil)

05/29/18 Derma E Derma E is a cosmetics retailer. The Company Topix New Mountain - US - Topix Pharmaceuticals Inc, a unit is located in California. Pharmaceuticals Capital Group of New Mountain Capital LLC, acquired Inc LLC Derma E, cosmetics retailer. Terms were not disclosed. RECENT TRANSACTIONS Non-Control Deals, U.S. Sponsors (May 25, 2018 - June 8, 2018) CONSUMER PRODUCTS AND SERVICES Rank Target Name Target Short Business Target Acquiror Full Acquiror Ranking Value Synopsis Date Description Advisers Name Ultimate Parent inc. Net Debt of Target ($Mil)

06/05/18 Huseby Inc Court Reporting and - Carousel Carousel Capital - US - Carousel Capital Partners LP acquired an undisclosed Stenotype Services Capital Partners LP minority stake in Huseby Inc, a Charlotte-based Partners LP provider of stenotype services, in a privately negotiated transaction.

05/30/18 AbSci LLC Biotechnology - Investor Group Investor Group 12.000 US - An investor group, comprised of Asahi Glass Co company Ltd, Columbia Ventures Corp, Phoenix Venture Partners LLC, Oregon Angel Fund, Greenbridge Partners LLC, Souther Co and Washington Research Foundation acquired an undisclosed minority stake in AbSci LLC, a Vancouver- based provider of biotechnology research and development services, for a total USD 12 mil, in a privately negotiated transaction.

05/31/18 Alfred Club Inc Private Households - Investor Group Investor Group 40.000 US - An investor group, comprised of Divco West Real Estate Services LLC, New Enterprise Associates Inc, Spark Capital LP and Invesco Ltd acquired an undisclosed minority stake in Alfred Club Inc, a New York City-based provider of janitorial services, for a total USD 40 mil, in a privately negotiated transaction.

05/29/18 Amer Provenance Toilet Preparation Baker Tilly Investor Group Investor Group 0.500 US - An investor group, comprised of Winnebago Seed Llc Manufacturing International Fund and Tru Fragrance & Beauty LLC acquired an undisclosed minority stake in American Provenance LLC, a Mount Horeb-based manufacturer of toilet preparations, for a total USD 0.5 mil.

06/06/18 Metacrine Inc Research and - Investor Group Investor Group 65.000 US - An investor group, comprised of Venrock, Arch Development in Venture Partners, Deerfield Management Co LP, Franklin Biotechnology Templeton Investments, a unit of Franklin Templeton Investments, Lilly Asia Ventures, The Invus Group LLC, ArrowMark Partners, Vivo Capital LLC, New Enterprise Associates Inc, Polaris Venture Partners Inc, venBio LLC and Alexandria Venture Investments LLC, a unit of Alexandria Real Estate Equities Inc acquired an undisclosed minority stake in Metacrine Inc, a San Diego- based provider of biotechnology research and development services, for a total USD 65 mil, in a privately negotiated transaction.

06/07/18 Precision Research and - Investor Group Investor Group 6.000 CANADA - An investor group, comprised of 5AM Ventures Nanosystems Inc Development in Management LLC, Telegraph Hill Partners LP and Rising Biotechnology Tide Holdings LLC acquired an undisclosed minority stake in Precision Nanosystems Inc, a Vancouver-based provider of biotechnology research and development services, for a total CAD 7.765 mil (USD 6 mil), in a privately negotiated transaction. 17 | BUYOUTS | June 25, 2018 www.buyoutsnews.com MARKET INTELLIGENCE

CONSUMER PRODUCTS AND SERVICES Rank Target Name Target Short Business Target Acquiror Full Acquiror Ranking Value Synopsis Date Description Advisers Name Ultimate Parent inc. Net Debt of Target ($Mil)

06/07/18 Violet Defense Research and - Kirenaga Kirenaga 1.800 US - Kirenaga Partners LLC acquired an undisclosed Group LLC Development Partners LLC Partners LLC minority stake in Violet Defense Group LLC, a Celebration- in The Physical, based provider of research and development services, for Engineering and a total USD 1.8 mil, in a privately negotiated transaction. Lifesciences (Except Biotechnology)

06/07/18 Nulo Pet Food Inc Dog and Cat Food - Main Post Main Post - US - Main Post Partners acquired an undisclosed minority Manufacturing Partners Partners stake in Nulo Pet Food Inc, an Austin-based manufacturer of dog and cat foods, in a privately negotiated transaction.

06/04/18 Reorg Research Provides market Evercore Warburg Warburg Pincus - US - Warburg Pincus LLC definitively agreed to acquire Inc intelligence services Partners Pincus LLC LLC an undisclosed minority stake in Reorg Research Inc, a New York City- based provider of social sciences research and development services, in a privately negotiated transaction. Terms were not disclosed. CONSUMER STAPLES Rank Target Name Target Short Target Acquiror Full Acquiror Ranking Value Synopsis Date Business Advisers Name Ultimate Parent inc. Net Debt of Description Target ($Mil)

06/07/18 Honest Co Inc Sanitary Goldman L Catterton L Catterton 200.000 US - L Catterton acquired an undisclosed minority Paper Product Sachs & Co stake in Honest Co Inc, a Los Angeles- based Manufacturing manufacturer of sanitary paper products, for a total USD 200 mil, in a privately negotiated transaction.

05/30/18 Plum Inc Produce beers - Las Olas Las Olas 10.000 US - Las Olas Venture Capital acquired an undisclosed Venture Venture Capital minority stake in Plum Inc, a Dania Beach-based Capital brewery, for a total USD 10 mil, in a privately negotiated transaction. ENERGY AND POWER Rank Target Name Target Short Target Acquiror Full Acquiror Ranking Value Synopsis Date Business Advisers Name Ultimate Parent inc. Net Debt of Description Target ($Mil)

05/29/18 Kimbell Royalty Oil and gas mineral Credit Suisse Apollo Global Apollo Global 110.000 US - Apollo Global Management LLC agreed to Partners LP and royalty variable Securities Management Management acquire an undisclosed minority stake in Kimbell rate master limited (USA) UBS LLC LLC Royalty Partners LP (Kimbell), a Fort Worth-based partnership Investment oil and gas mineral and royalty variable rate master Bank limited partnership, for USD 110 mil, in a privately negotiated transaction.

06/06/18 EnLink Midstream Pipeline Citi Goldman Global General Electric - US - Global Infrastructure Partners LLC (GIP), jointly Partners LP Transportation Of Sachs & Co Infrastructure Co owned by GE Infrastructure Inc and Credit Suisse Natural Gas JP Morgan Partners LLC Group AG, definitively agreed to acquire a 23% stake, Securities LLC or 80. 556 mil common shares in EnLink Midstream Partners LP, a Dallas-based pipeline transportation services of natural gas, from Devon Energy Corp, in a privately negotiated transaction. Concurrently, GIP definitively agreed to acquire the entire share capital of Enlink Midstream Manager LLC and a 64% interest in EnLink Midstream LLC. The three transactions were to have a combined value of USD 3.125 bil in cash.

05/29/18 Artis Expl Ltd Support Activities Peters & Warburg Warburg Pincus 138.579 CANADA - Warburg Pincus LLC of the US acquired an For Oil and Gas Co Ltd RBC Pincus LLC LLC undisclosed minority stake in Artis Exploration Ltd, a Operations Capital Calgary-based provider of support services for oil and Markets gas operations, for a total CAD 180 mil (USD 138.579 National Bank mil), in a privately negotiated transaction. Financial Inc www.buyoutsnews.com June 25, 2018 | BUYOUTS | 18 MARKET INTELLIGENCE

FINANCIALS Rank Target Name Target Short Target Acquiror Full Acquiror Ranking Value Synopsis Date Business Advisers Name Ultimate Parent inc. Net Debt of Description Target ($Mil)

05/27/18 Acko Gen Ins Ltd Insurance Agencies - Investor Investor Group 12.000 INDIA - An investor group, comprised of Amazon. and Brokerages Group Com Inc, Catamaran Ventures LLP and Ashish Dhawan acquired an undisclosed minority stake in Acko General Insurance Ltd, a Mumbai-based insurance agency, for a total INR 812.623 mil (USD 12 mil), in a privately negotiated transaction.

06/08/18 Ant Small & Sales Financing Morgan Investor Investor Group 14000.000 CHINA - An investor group, comprised of the Canada state- Micro Finl Svcs Stanley China Group owned Canada Pension Plan Investment Board (Canada International Pension Plan), General Atlantic LLC, Khazanah Nasional Capital Co Bhd, GIC Pte Ltd, a unit of the Singaporean state- owned Deutsche Singapore, Silver Lake Management LLC, Temasek Holdings Bank (Pte) Ltd, a unit of the Singaporean state-owned Ministry of Finance Singapore, Warburg Pincus LLC and Boyu Capital Advisory Co Ltd acquired an undisclosed minority stake in Ant Small & Micro Financial Services Group Co Ltd (Ant Financial), a Hangzhou-based provider of sales financing services, for CNY 89.39 bil (USD 14 bil), in a privately negotiated transaction. Originally, in May 2018, Canada Pension Plan and Carlyle Group, a unit of The Carlyle Group LLC, ultimately owned by The Carlyle Group LP, was rumored to be planning to acquire an undisclosed minority stake in Ant Financial at an estimated value of CNY 63.333 bil (USD 10 bil).

05/29/18 Azimo Ltd Financial - Investor Investor Group 20.000 UK - An investor group, comprised of Frog Capital Ltd, Transactions Group Greycroft Partners LLC, Quona Capital Management Ltd, Processing, GR Capital Partners LLP, MCI TechVentures 1 0 FIZ, a unit Reserve, and of MCI Capital SA, Rakuten Capital, a unit of Rakuten Clearinghouse Inc, Silicon Valley Bank, a unit of SVB Financial Group Activities and e.ventures acquired an undisclosed minority stake in Azimo Ltd, a London-based provider of financial transactions services, for a total GBP 15.025 mil (USD 20 mil), in a privately negotiated transaction.

05/29/18 Clearlake Capital Private equity firm Berkshire Investor Investor Group - US - An investor group, comprised of Dyal Capital Partners Group LP Capital Group LP, a unit of Neuberger Berman Group LLC, The Alternative Securities Investments & Manager Selection Group Petershill Program, Goldman ultimately owned by Goldman Sachs Group Inc, and Sachs & Co Landmark Partners LLC acquired an undisclosed minority stake in Clearlake Capital Group LP, a Santa Monica-based financial sponsor, a unit of Reservoir Capital Group LLC, in a privately negotiated transaction. Terms were not disclosed.

06/05/18 Newquest Capital Private equity firm - TPG Capital TPG Capital LP - HONG KONG - TPG Capital LP of the US acquired an Partners LP undisclosed minority stake in Newquest Capital Partners, a financial sponsor, in a privately negotiated transaction.

06/01/18 IndiaFirst Life Ins Insurance Agencies - Warburg Warburg Pincus 105.387 INDIA - Warburg Pincus LLC of the US planned to acquire Co Ltd and Brokerages Pincus LLC LLC a 26% stake in IndiaFirst Life Insurance Co Ltd (IndiaFirst Life), a Mumbai-based insurance agency, jointly owned by Legal & General Group Plc and BOB Asset Management Co Ltd and the Indian state-owned Andhra Bank Ltd, for a total INR 7. 105 bil (USD 105.387 mil), in a privately negotiated transaction. Originally, In December 2017 Legal & General Group PLC was rumored to be seeking a buyer for a 26% stake in its IndiaFirst Life. 19 | BUYOUTS | June 25, 2018 www.buyoutsnews.com MARKET INTELLIGENCE

GOVERNMENT AND AGENCIES Rank Target Name Target Short Target Acquiror Full Acquiror Ranking Value Synopsis Date Business Advisers Name Ultimate Parent inc. Net Debt of Description Target ($Mil)

06/05/18 Registrar Corp Regulation Of DCS Advisory Bertram Bertram Capital - US - Bertram Capital Management LLC acquired Agricultural LLC Capital Management an undisclosed minority stake in Registrar Corp, Marketing and Management LLC a Hampton- based government regulation Commodities LLC establishment for food & beverage commodities, in a privately negotiated transaction.

05/31/18 Trilogy Education Administration Of - Investor Investor Group 50.000 US - An investor group, comprised of Highland Capital Services Inc Education Programs Group Partners LP, Macquarie Capital Alliance Group, Exceed Capital Partners, Rethink Impact Management LLC, City Light Capital and Triumph Capital LLC, acquired an undisclosed minority stake in Trilogy Education Services Inc, a Boca Raton-based government administration establishment for education, for a total USD 50 mil, in a privately negotiated transaction. HEALTHCARE Rank Target Name Target Short Target Acquiror Full Acquiror Ranking Value Synopsis Date Business Advisers Name Ultimate Parent inc. Net Debt of Description Target ($Mil)

05/30/18 CleanSlate Outpatient Mental - Investor Investor Group 25.000 US - An investor group, comprised of HealthQuest Centers Inc Health and Group Capital Management Co LLC and Granite Growth Substance Abuse Health Partners Management Co LLC acquired an Centers undisclosed minority stake in CleanSlate Centers Inc, a Northampton- based outpatient mental health and substance abuse center operator, for a total USD 25 mil, in a privately negotiated transaction.

06/04/18 ENYO Pharma Manufacture - Investor Investor Group 46.640 FRANCE - An investor group, comprised of Sofinnova SAS pharmaceuticals Group Capital VII FCPR, a unit of Sofinnova Partners SAS, Andera Partners SAS, a unit of Montalivet Fragrance SASU, Large Venture, a unit of Bpifrance SA, InnoBio FCPR, a unit of Bpifrance Investissement SAS, Inserm Transfert Initiative SAS, a unit of Inserm-Transfert SA, Morningside Venture Investments Ltd and Orbimed Capital LLC acquired an undisclosed minority stake in ENYO Pharma SAS, a Lyon-based manufacturer of pharmaceutical preparation, for a total EUR 40 mil (USD 46.64 mil), in a privately negotiated transaction.

06/06/18 Hangzhou Just Biological Product - Investor Investor Group - CHINA - An investor group, comprised of Arch Venture Biotherapeutics (Except Diagnostic) Group Partners, Lilly Asia Ventures, Hillhouse Capital Group, Manufacturing Taikang Asset Management Co Ltd, a unit of Taikang Life Insurance Co Ltd and Temasek Holdings (Pte) Ltd acquired an undisclosed minority stake in Hangzhou Just Biotherapeutics Co Ltd, a Hangzhou-based manufacturer of biological products, in a privately negotiated transaction. The terms of the transaction were not disclosed, but according to sources close to the transaction, the value was estimated at CNY 224.146 mil (USD 35.105 mil).

06/04/18 Solara Med Wholesales Covington Linden LLC Linden LLC - US - Linden LLC acquired an undisclosed minority Supplies Inc diabetes therapy Associates stake in Solara Medical Supplies Inc, an Imperial products Beach-based medical equipment and supplies merchant wholesaler, in a privately negotiated transaction.

05/30/18 Ernest Health Inc Own,operate acute - One Equity OEP Parent LLC 175.000 US - One Equity Partners LLC, a unit of OEP Parent hospitals Partners LLC LLC, agreed to acquire an undisclosed minority stake in Ernest Health Inc, an Albuquerque-based hospital operator, from Medical Properties Trust Inc, for an estimated USD 175 mil, in a privately negotiated transaction. www.buyoutsnews.com June 25, 2018 | BUYOUTS | 20 MARKET INTELLIGENCE

HIGH TECHNOLOGY Rank Target Name Target Short Target Acquiror Full Acquiror Ranking Value Synopsis Date Business Advisers Name Ultimate Parent inc. Net Debt of Description Target ($Mil)

05/31/18 TriTech Software Dvlp public safety William Blair Bain Capital Bain Capital LP - US - Bain Capital Private Equity LP, a unit of Bain Systems Inc software & Co Private Equity Capital LP, planned to acquire an undisclosed LP minority stake in TriTech Software Systems Inc, a San Diego-based software publisher, in a privately negotiated transaction.

05/28/18 Learnosity Software Publishers Atlas Battery Battery 18.870 IRELAND - Battery Ventures LP of the US acquired Holdings Ltd Technology Ventures LP Ventures LP a 40% stake in Learnosity Holdings Ltd, a Dublin- Group LLC based software publisher, from 3P Learning Ltd, for an estimated EUR 16. 197 mil (USD 18.87 mil), in a privately negotiated transaction. Originally, In February 2018, 3P Learning Ltd announced that it was seeking a buyer for a 40% stake in Learnosity Holdings Ltd.

06/04/18 Eze Castle Pvd info tech svcs KPMG HIG Capital HIG Capital LLC - US - HIG Capital LLC acquired an undisclosed minority Integration Inc LLC stake in Eze Castle Integration Inc, a Boston-based provider of computer facilities management services, in a privately negotiated transaction.

06/06/18 Avi Networks Inc Custom Computer - Investor Investor Group 60.000 US - An investor group, comprised of DAG Ventures Programming Group LLC, Greylock Partners, Cisco Investments Ltd, a unit Services of Cisco Systems Inc, Lightspeed Venture Partners and Menlo Ventures planned to acquire an undisclosed minority stake in Avi Networks Inc, a Santa Clara- based provider of custom computer programming services, for a total USD 60 mil, in a privately negotiated transaction.

05/29/18 Circle Software Publishers - Investor Investor Group 5.988 CANADA - An investor group, comprised of Kayne Cardiovascular Group Anderson Capital Advisors LP, a unit of Virtus Imaging9 Investment Partners Inc and Yaletown Venture Partners acquired an undisclosed minority stake in Circle Cardiovascular Imaging Inc, a Calgary-based software publisher, for a total CAD 7. 778 mil (USD 5.988 mil), in a privately negotiated transaction.

06/07/18 Fashnear Tech Software Publishers - Investor Investor Group 11.500 INDIA - An investor group, comprised of Venture Pvt Ltd Group Highway Llp, SAIF Partners, a unit of SAIF Partners, Sequoia Capital India Advisors Pvt Ltd, a unit of Sequoia Capital Operations LLC and Y Combinator Management LLC acquired an undisclosed minority stake in Fashnear Technologies Pvt Ltd, a Bangalore- based software publisher, for a total INR 768.562 mil (USD 11.5 mil), in a privately negotiated transaction.

06/04/18 Mara Labs Inc Internet Publishing - Investor Investor Group 4.000 INDIA - An investor group, comprised of Beenext and Broadcasting Group Pte Ltd, Blume Venture Advisors Pvt Ltd, Hemendra and Web Search Kothari, Pi Ventures LLP, Exfinity Venture Partners Portals LLP, rocketship.vc and Recruit Strategic Partners Co Ltd acquired an undisclosed minority stake in Mara Labs Inc, a Bangalore-based internet portal operator, for a total INR 267.953 mil (USD 4 mil), in a privately negotiated transaction.

05/31/18 PAXOS TRUST Provide information - Investor Investor Group 65.000 US - An investor group, comprised of Liberty Venture CO LLC tech svcs Group Corp and RRE Ventures LLC acquired an undisclosed minority stake in PAXOS TRUST CO LLC, a New York- based software publisher, for a total USD 65 mil, in a privately negotiated transaction.

06/06/18 Qumulo Inc Software Publishers - Investor Investor Group 93.000 US - An investor group, comprised of Goldman Group Sachs Group Inc, BlackRock Private Equity Partners and Western Digital Corp acquired an undisclosed minority stake in Qumulo Inc, a Seattle-based software publisher, for a total USD 93 mil, in a privately negotiated transaction. 21 | BUYOUTS | June 25, 2018 www.buyoutsnews.com MARKET INTELLIGENCE

HIGH TECHNOLOGY Rank Target Name Target Short Target Acquiror Full Acquiror Ranking Value Synopsis Date Business Advisers Name Ultimate Parent inc. Net Debt of Description Target ($Mil)

06/06/18 Ritual Tech Inc Software Publishers - Investor Investor Group 53.979 CANADA - An investor group, comprised of Georgian Group Partners, Greylock Partners, Insight Venture Partners LLC and Ritual Technologies Inc acquired an undisclosed minority stake in Ritual Technologies Inc, a Toronto- based software publisher, for a total CAD 70 mil (USD 53. 979 mil), in a privately negotiated transaction.

06/04/18 Solarflare Mnfr fables - Investor Investor Group - US - An investor group, comprised of Oak Management Communications semiconductors Group Corp and Xilinx Inc acquired an undisclosed minority Inc stake in Solarflare Communications Inc, an Irvine-based manufacturer of semiconductors and related device, in a privately negotiated transaction.

06/05/18 Stocard GmbH Develop mobile - Investor Investor Group - GERMANY - An investor group led by Macquarie Capital apps software Group Alliance Group, a unit of Macquarie Advanced Investment Group and comprised of Shortcut Ventures GmbH, ALSTIN Family GmbH, High Tech Gruenderfonds Management GmbH, Engelhorn Sports GmbH and rocketship.vc acquired an undisclosed minority stake in Stocard GmbH, a Mannheim- based software publisher, in a privately negotiated transaction.

06/07/18 Zebra Medical Software Publishers - Investor Investor Group - FLASH : ISRAEL - An investor group, comprised of Vision Inc Group Moon Ventures, Johnson & Johnson Innovation JJDC Inc, NVIDIA, Marc Benioff, OurCrowd and Dolby Ventures, Khosla Ventures and Intermountain Healthcare acquired an undisclosed minority stake in Zebra Medical Vision Inc, a Kibbutz Shefayim-based software publisher, in a privately negotiated transaction. The terms of the transaction were not disclosed, but according to sources close to the transaction, the reported deal value was estimated at ILS 107.076 mil (USD 30 mil).

05/31/18 Zehitomo Inc Software - Investor Investor Group 3.673 JAPAN - An investor group, comprised of Klab Venture Reproducing Group Partners Co Ltd, Draper Nexus Ventures, Social Starts LLC, Mizuho Capital Co Ltd, SMBC Venture Capital Co Ltd, 500 Startups Japan, a unit of 500 Startups Management Co LLC, Undisclosed Acquiror and Vector Inc acquired an undisclosed minority stake in Zehitomo Inc, a Minato- Ku, Tokyo-based provider of platform development, for a total JPY 400 mil (USD 3.673 mil), in a privately negotiated transaction.

06/07/18 Kanopy LLC Software Publishers Needham & L Squared L Squared - US - L Squared Capital Partners acquired an undisclosed Co LLC Capital Capital Partners minority stake in Kanopy LLC, a San Francisco- based Partners software publisher, in a privately negotiated transaction.

06/07/18 NetRate Systems Provides insurance - North Star N Star Venture - US - North Star Venture Management 2000 LLC acquired Inc data and reporting Venture Mgmt 2000 Llc an undisclosed minority stake in NetRate Systems Inc, services Management an Okemos-based software publisher, in a privately 2000 LLC negotiated transaction. INDUSTRIALS

Rank Target Name Target Short Target Acquiror Full Acquiror Ranking Value Synopsis Date Business Advisers Name Ultimate Parent inc. Net Debt of Description Target ($Mil)

06/06/18 Kittyhawk Corp Aircraft - Boeing Boeing Co - US - Boeing Horizonx Ventures, a unit of Boeing Co, Manufacturing Horizonx acquired an undisclosed minority stake in Kittyhawk Corp, Ventures a Mountain View-based manufacturer of aircrafts, in a privately negotiated transaction.

05/31/18 Stellapps Tech Farm Machinery - Investor Investor Group 14.000 INDIA - An investor group, comprised of ABB Technology Pvt Ltd and Equipment Group Ventures Ltd, a unit of ABB Ltd, Bill & Melinda Gates Manufacturing Foundation, indusAge Partners and Qualcomm Ventures acquired an undisclosed minority stake in Stellapps Technologies Pvt Ltd, a Bangalore-based manufacturer of farm machinery and equipment, for a total INR 944.032 mil (USD 14 mil), in a privately negotiated transaction. www.buyoutsnews.com June 25, 2018 | BUYOUTS | 22 MARKET INTELLIGENCE

INDUSTRIALS Rank Target Name Target Short Target Acquiror Full Acquiror Ranking Value Synopsis Date Business Advisers Name Ultimate Parent inc. Net Debt of Description Target ($Mil)

05/29/18 VB-Airsuspension Other Motor - Dexko Global KPS Capital - NETHERLANDS - Dexko Global Inc of the US, a unit of KPS BV Vehicle Electrical Inc Partners LP Capital Partners LP, planned to acquire an undisclosed and Electronic minority stake in VB- Airsuspension BV, a Varsseveld-based Equipment manufacturer of motor vehicle electrical equipment, in a Manufacturing privately negotiated transaction. Terms were not disclosed. MATERIALS

Rank Target Name Target Short Target Acquiror Full Acquiror Ranking Value Synopsis Date Business Advisers Name Ultimate Parent inc. Net Debt of Description Target ($Mil)

05/29/18 Resource Label Manufacture label - TPG Growth TPG Capital LP - US - TPG Growth LLC, a unit of TPG Capital LP, acquired an Group LLC products LLC undisclosed minority stake in Resource Label Group LLC, a Franklin-based manufacturer of paper packing products, a unit of First Atlantic Capital Ltd, in a privately negotiated transaction. Terms were not disclosed. MEDIA AND ENTERTAINMENT Rank Target Name Target Short Target Acquiror Full Acquiror Ranking Value Synopsis Date Business Advisers Name Ultimate Parent inc. Net Debt of Description Target ($Mil)

05/27/18 Spotahome Sl Internet Publishing - Kleiner KPCB - SPAIN - Kleiner Perkins Caufield & Byers of the US acquired and Broadcasting Perkins an undisclosed minority stake in Spotahome SL, a Madrid- and Web Search Caufield & based internet portal operator, in a privately negotiated Portals. Byers transaction. RETAIL Rank Target Name Target Short Target Acquiror Full Acquiror Ranking Value Synopsis Date Business Advisers Name Ultimate Parent inc. Net Debt of Description Target ($Mil)

06/07/18 Dollarama Inc Own,operate - Dollarama Inc Bain Capital LP 660.417 CANADA - In 7 June 2018, the board of Dollarama Inc, a department stores Montreal-based owner and operator of department stores, authorized the repurchase of up to 5.462 mil common shares or 5% of the company's entire share capital through a normal course issuer bid. Based on the company's closing stock price of CAD 156.48 (USD 120.909 ) on 6 June 2018, the last full trading day prior to the announcement of the board, the buyback had an indicated value of CAD 854.712 mil (USD 660.417 mil).

06/08/18 Corkys Bbq Owns, operates Metronome Dobbs Equity Dobbs Eq - US - Dobbs Equity Partners LLC acquired an undisclosed barbecue Partners LLC Partners LLC Partners Llc minority stake in Corkys BBQ, a Memphis-based full-service restaurants Raymond restaurant operator, in a privately negotiated transaction. James & Associates Inc

06/01/18 Beijing Missfresh Provide ecommerce - General General Atlantic 46.805 CHINA - General Atlantic LLC of the US acquired an Ecommerce retail services Atlantic LLC LLC undisclosed minority stake in Beijing Missfresh Ecommerce Co Ltd, a Beijing-based online retailer, for a total CNY 300 mil (USD 46.805 mil), in a privately negotiated transaction.

05/29/18 Shopsense Ret Electronic Shopping - Investor Investor Group - INDIA - An investor group, comprised of Axis Capital Tech Pvt Ltd Group Group Ltd, Google Inc, a unit of Alphabet Inc, IIFL Holdings Ltd, Singularity Ventures Pvt Ltd, Tracxnlabs, Patni Family, Kae Capital Management (P) Ltd, Growx Venture Management Pvt Ltd and Venture Catalyst Pvt Ltd acquired an undisclosed minority stake in Shopsense Retail Technologies Pvt Ltd, a Mumbai-based online retailer, in a privately negotiated transaction.

06/05/18 Strategic Pharm Pharmacies and - Investor Investor Group 50.000 US - An investor group, comprised of Bain Capital Solutions Inc Drug Stores Group Ventures LLC, a unit of Bain Capital LLC, acquired an undisclosed minority stake in Strategic Pharmaceutical Solutions Inc, a Portland- based drug store operator, for a total USD 50 mil, in a privately negotiated transaction. 23 | BUYOUTS | June 25, 2018 www.buyoutsnews.com MARKET INTELLIGENCE

EXITS U.S. Sponsor Sales Via M&A (May 25, 2018 - June 8, 2018) CONSUMER PRODUCTS AND SERVICES Date Target Name Target Ultimate Parent Acquiror Full Ranking Value Synopsis Effective Name inc. Net Debt of Target ($Mil)

06/07/2018 Analytic Strategies Frontier Capital LLC Culmen - US - Culmen International LLC acquired Analytic Strategies LLC, a Mclean-based LLC International provider of logistics consulting services, from PlanetRisk Inc, ultimately owned LLC by Frontier Capital LLC.

05/31/2018 Jackson Hewitt Tax HIG Capital LLC Corsair - US - Corsair Capital LLC acquired Jackson Hewitt Tax Service Inc, a Parsippany- Service Inc Capital LLC based provider of tax preparation services, from Bayside Capital Inc, ultimately owned by HIG Capital LLC, in a leveraged buyout transaction.

06/07/2018 Good Sportsman Huron Capital Partners Sentinel - US - Sentinel Capital Partners LLC acquired Good Sportsman Marketing LLC, a Marketing LLC LLC Capital Grand Prairie-based sporting and recreational goods and supplies merchant Partners LLC wholesaler, from Huron Capital Partners LLC, in a leveraged buyout transaction. Terms were not disclosed.

06/01/2018 Interior Specialists Littlejohn & Co LLC Interior Logic - US - Interior Logic Group INC, a unit of Platinum Equity LLC, merged with Inc Group INC Interior Specialists Inc, a Carlsbad- based provider of interior design services, from Littlejohn & Co LLC.

06/04/2018 Kroll Inc Providence Equity Duff & Phelps - US - Duff & Phelps Corp acquired Kroll Inc, a New York City-based provider of Partners LLC Corp management consulting services, from Corporate Risk Holdings LLC, ultimately owned by Providence Equity Partners LLC. Terms of the transaction were not disclosed.

06/04/2018 The Dwyer Group The Riverside Co Harvest - US - Harvest Partners LP acquired The Dwyer Group Inc, a Waco-based Inc Partners LP service-based franchise company, from The Riverside Co, in a leveraged buyout transaction. CONSUMER STAPLES Date Target Name Target Ultimate Parent Acquiror Full Ranking Value Synopsis Effective Name inc. Net Debt of Target ($Mil)

05/31/2018 Old Orchard Brands Ares Capital Corp Lassonde 156.000 US - Lassonde Industries Inc of Canada acquired Old Orchard Brands LLC, a LLC Industries Inc Sparta- based manufacturer of fruit juices, from Allied Capital Corp, ultimately owned by Ares Capital Corp, for an estimated USD 156 mil. The consideration was consisted of USD 146 mil in cash and up to USD 10 mil in profit- related payments.

06/07/2018 Tate's Bake Shop Inc The Riverside Co Mondelez 500.000 US - Mondelez International Inc acquired Tate's Bake Shop Inc, a Southampton- International based manufacturer of cookies and crackers, from The Riverside Co, for an Inc estimated USD 500 mil. ENERGY AND POWER Date Target Name Target Ultimate Parent Acquiror Full Ranking Value Synopsis Effective Name inc. Net Debt of Target ($Mil)

06/07/2018 Sunbelt Transformer Grey Mountain Trilantic - US - Trilantic Capital Management LP acquired an undisclosed majority interest Ltd Partners LLC Capital in Sunbelt Transformer Ltd, a Temple-based manufacturer of power, distribution Management and specialty transformers, from Grey Mountain Partners LLC, in a leveraged LP buyout transaction.

05/31/2018 Protean Holdings Oak Investment Weifu High- 40.000 US - Weifu High-Technology Group CoLtd of China acquired a 12.34% stake in Corp Partners Technology Protean Holdings Corp, a Troy-based manufacturer of motors and generators, Group Co Ltd for a total USD 40 mil, in a privately negotiated transaction.

05/28/2018 Aseo Urbano SA TPG Capital LP Veolia - COLOMBIA - Veolia Environnement SA of France acquired the remaining 80% ESP Environnement interest, which it did not already own, in Aseo Urbano SA ESP, a Cucuta-based SA provider of hazardous waste treatment and disposal services, from ACON Latin America Opportunities Fund LP, owned by ACON Investments LLC. www.buyoutsnews.com June 25, 2018 | BUYOUTS | 24 MARKET INTELLIGENCE

FINANCIALS Date Target Name Target Ultimate Parent Acquiror Full Ranking Value Synopsis Effective Name inc. Net Debt of Target ($Mil)

05/31/2018 Aspirion Health Aquiline Capital Aquiline - flash : US - Aquiline Capital Partners LLC acquired Aspirion Health Resources Resources LLC Partners LLC Capital LLC, a Columbus-based provider of claims adjusting services, from BIP Capital, Partners LLC in a leveraged buyout transaction.

06/01/2018 My Money Bank Sa Cerberus Capital Financo Sa - FRANCE - Financo SA, a unit of Credit Mutuel Arkea SCA, acquired My Money Management LP Bank SA, a Paris-based commercial bank, from Cerberus Capital Management L P.

05/31/2018 Mesirow Advanced Roosevelt Investment Lighthouse - US - Lighthouse Investment Partners LLC, a unit of Navigator Global Investments Strategies Inc Group Inc Investment Ltd, acquired Mesirow Advanced Strategies Inc, a Chicago-based investment Partners LLC advisor, from Mesirow Financial Holdings Inc, ultimately owned by Roosevelt Investment Group Inc. Terms were not disclosed.

05/29/2018 FTJ FundChoice LLC Seaport Capital LLC NorthStar - US - NorthStar Financial Services Group LLC, a unit of TA Associates Financial Management LP, acquired FTJ FundChoice LLC, a Hebron-based investment Services advisor, from Seaport Capital LLC. Terms were not disclosed. Group LLC

05/31/2018 Pine Labs Pvt Ltd Sequoia Capital Investor 125.000 INDIA - An investor group, comprised of PayPal Holdings Inc and Temasek Operations LLC Group Holdings (Pte) Ltd acquired an undisclosed minority stake in Pine Labs Pvt Ltd, a Noida-based provider of financial transactions services, a unit of Sequoia Capital Operations LLC, for a total INR 8.429 bil (USD 125 mil), in a privately negotiated transaction.

06/04/2018 Renewable Energy TPG Capital LP MMA Capital 5.100 US - MMA Capital Management LLC acquired the remaining stake, which it did Lending LLC Management not already own, in Renewable Energy Lending LLC, a Baltimore-based provider LLC of nondepository credit intermediation services, from its joint venture partner TPG Special Situations Partners LLC, for an estimated USD 5.1 mil.

05/31/2018 The Warranty Group TPG Capital LP Assurant Inc 1896.880 US - Assurant Inc (Assurant) merged with The Warranty Group, a Chicago-based direct insurance carrier, from TPG Capital LP, in a stock swap transaction for an estimated USD 1.897 bil. The consideration consisted of an estimated USD 860 mil in cash and issuance of 10.4 mil common shares valued at USD 1. 036 bil. The shares were valued based on Assurant's closing stock price of USD 99. 7 on 08 January 2018, the last full trading day prior to the announcement. On completion, Assurant and TPG were to own 77% and 23% in the merged entity named Assurant Ltd, respectively. Originally, Assurant offered USD 372 mil cash and issuance of 10.4 mil common shares. HEALTHCARE Date Target Name Target Ultimate Parent Acquiror Full Ranking Value Synopsis Effective Name inc. Net Debt of Target ($Mil)

06/06/2018 Pt Solutions LLC New Harbor Capital Lindsay - US - Lindsay Goldberg LLC acquired PT Solutions LLC (PT) , an Atlanta-based LLC Goldberg LLC health practitioner's office operator, from New Harbor Capital LLC (New Harbor), in a secondary buyout transaction. Originally, New Harbor acquired PT.

06/01/2018 Medical Specialties New Mountain Capital McKesson 800.000 US - McKesson Corp definitively acquired Medical Specialties Distributors LLC, a Distributors LLC Group LLC Corp Stoughton-based medical equipment and supplies merchant wholesaler, from New Mountain Capital LLC, for USD 800 mil. HIGH TECHNOLOGY Date Target Name Target Ultimate Parent Acquiror Full Ranking Value Synopsis Effective Name inc. Net Debt of Target ($Mil)

05/31/2018 PeopleFluent Bedford Funding Corp Learning 150.000 US - Learning Technologies Group PLC of the UK acquired the entire share Holdings Corp Technologies capital of PeopleFluent Holdings Corp, a Waltham-based provider of cloud- Group PLC based recruiting, talent management, and compensation management services, from Bedford Funding Corp, for a total USD 150 mil in cash.

06/04/2018 PowerPlan Inc Thoma Bravo LLC Roper 1100.000 US - Roper Technologies Inc acquired PowerPlan Inc, an Atlanta-based Technologies software publisher, from Thoma Bravo LLC, for USD 1.1 bil in cash. Inc 25 | BUYOUTS | June 25, 2018 www.buyoutsnews.com MARKET INTELLIGENCE

INDUSTRIALS Date Target Name Target Ultimate Parent Acquiror Full Ranking Value Synopsis Effective Name inc. Net Debt of Target ($Mil)

05/31/2018 C&M Conveyor Inc Blue Sage Capital LP Capitalworks - US - Capitalworks Fund IV LP, a unit of CapitalWorks LLC, acquired C&M Fund IV LP Conveyor Inc, a Bloomington-based manufacturer of conveyor and conveying equipment, from Blue Sage Capital LP. Terms were not disclosed.

06/05/2018 Shermco Industries Oaktree Capital Group Gryphon - US - Gryphon Investors Inc acquired Shermco Industries Inc (Shermco), an Inc LLC Investors Inc Irving- based electrical contractor, from GFI Energy Group LLC (GFI), owned by Oaktree Capital Management LP, in a secondary buyout transaction. Terms were not disclosed. Originally, GFI acquired Shermco, in a primary buyout transaction.

06/05/2018 RotoMetrics Inc Sentinel Capital Undisclosed - US - Sentinel Capital Partners LLC divested RotoMetrics Inc, an Eureka- based Partners LLC Acquiror manufacturer of accessories for cutting and metal forming machine tools, to an undisclosed acquiror. Terms were not disclosed. MATERIALS Date Target Name Target Ultimate Parent Acquiror Full Ranking Value Synopsis Effective Name inc. Net Debt of Target ($Mil)

05/29/2018 Resource Label First Atlantic Capital TPG Growth - US - TPG Growth LLC, a unit of TPG Capital LP, acquired an undisclosed minority Group LLC Ltd LLC stake in Resource Label Group LLC, a Franklin-based manufacturer of paper packing products, a unit of First Atlantic Capital Ltd, in a privately negotiated transaction. Terms were not disclosed.

06/01/2018 Powerflute Group Madison Dearborn Mondi PLC 433.365 FINLAND - Mondi PLC of the UK acquired the entire share capital of Powerflute Holdings Oy Partners LLC Group Holdings Oy, a Kuopio-based paper mill operator, from Nordic Packaging & Container(Finland)Holdings Oy, owned by Nordic Packaging & Container Holdings Ltd, for EUR 365 mil (USD 433.365 mil). MEDIA AND ENTERTAINMENT Date Target Name Target Ultimate Parent Acquiror Full Ranking Value Synopsis Effective Name inc. Net Debt of Target ($Mil)

05/31/2018 La Quinta Holdings Blackstone Group LP Wyndham 2532.790 US - Wyndham Worldwide Corp acquired the entire share capital of La Quinta Inc Worldwide Holdings Inc (La Quinta), an Irving- based hotel operator, from Blackstone Group Corp LP (Blackstone), for USD 8.4 in cash per share, or a total value of USD 985.678 mil. Originally, in May 2017, Blackstone was rumored to be seeking a buyer for the remaining common shares, which it did not already own, in La Quinta. Concurrently, La Quinta completed spin off its real estate assets to its shareholders. REAL ESTATE Date Target Name Target Ultimate Parent Acquiror Full Ranking Value Synopsis Effective Name inc. Net Debt of Target ($Mil)

05/25/2018 Blackstone Group Blackstone Group LP Savanna 640.000 US - Savanna Investment Management LLC acquired Five Bryant Park New York LP-Five Bryant Investment of Blackstone Group LP (Blackstone), a New York- based financial sponsor, for Park,New York,New Management a total USD 640 mil. Originally on July 2016, Blackstone announced that is was York LLC seeking a buyer for the Five Bryant Park.

05/31/2018 CorePoint Lodging Blackstone Group LP Shareholders 1634.997 US - La Quinta Holdings Inc, ultimately owned by Blackstone Group LP, Inc completed the spin off of its real estate assets to its shareholders, in a transaction valued at USD 1. 635 bil. The shares were valued based on the closing stock price of USD 27.890 on 31 May 2018, the first full trading day, on which the shares were distributed.

06/05/2018 Capview Partners Capview Partners LLC EB Arrow LLC - US - EB Arrow LLC acquired Capview Partners LLC, a Dallas-based provider of LLC real estate services.

06/04/2018 San Fernando Oaktree Capital Group Starwood 141.480 SPAIN - Starwood Capital Group LLC (Starwood Capital) of the US acquired Business Park LLC Capital Group San Fernando Business Park (San Fernando), a Madrid-based lessor of non- LLC residential buildings, from Oaktree Capital Management LP (Oaktree), ultimately owned by Oaktree Capital Group LLC, for a total EUR 120 mil (USD 141.48 mil). Originally, in March 2018, Oaktree announced that it was seeking buyer for its San Fernando unit. Originally, Starwood Capital and Carlyle were named bidders.