56 | | April 2, 2018 www.buyoutsnews.com 1ST QUARTER EXITS

Q1 2018 Exits Through M&A Date Target Name Sponsor Industry Value ($mil) Acquiror 02/07/2018 Varèse Sarabande Records Aberdeen Asset Management, Cutting Edge Group, Media & Entertainment Concord Bicycle Music (Steve Salm), Wood Octopus Creek Capital Management (Brett Hellerman)

02/01/2018 Media Rights Capital ABRY Partners, AT&T, Partners, Media & Entertainment Eldridge Industries (Todd Boehly), Valence Guggenheim Partners, WPP Media 03/07/2018 Pro Mach AEA Investors Industrials $2,200.00 Leonard Green & Partners (Christian McCollum) 01/10/2018 SCAN Security Alarm Capital Alliance, Ironwood Capital, Norwest Venture Consumer Products/Services Novidam Capital Partners (Alexander Schuil), Partners, Triangle Capital (Raleigh) World Wide Security 01/17/2018 Numerical Precision Aldine Capital Partners, First Capital Partners, Promus Industrials George Industries (Shankar Kiru), Equity Partners, QCC Orangewood Partners (Alan Goldfarb) 03/09/2018 Energy Future Holdings AlpInvest Partners, Avista Capital Partners, Black Canyon Financials $9,450.00 Sempra Energy (Debra Reed) Capital, Canada Pension Plan Investment Board, , Energy Capital Partners, Goldman Sachs Merchant Banking Division, Kohlberg Kravis Roberts, , Neuberger Berman, Quintana Capital Group, Stockwell Capital, The Company, TPG Capital 03/09/2018 Genex Services Altamir, Apax Partners Healthcare Stone Point Capital (Charles Davis) 02/26/2018 Merlin Solar Technologies Altos Capital Partners, Invati Capital Energy & Power Ayala (Jaime Ayala) 01/23/2018 SMG Holdings American Capital Equity, Northlane Capital Partners Consumer Products/Services Onex (Amir Motamedi) 01/01/2018 Norbest AMERRA Capital Management, J.D. Heiskell & Company Consumer Products/Services Marys Free Range Chickens (Rick Pitman) 02/08/2018 Corpus Medical Ampersand Capital Partners Healthcare Ampersand Capital Partners (Trevor Wahlbrink), Confluent Medical Technologies (Dean Schauer) 02/07/2018 Elite One Source Ampersand Capital Partners, Ironwood Capital Healthcare $50.00 DCC (Donal Murphy) 03/15/2018 WebCollage Answers.com, Summit Partners, TA Associates High Technology Farol Asset Management, Gladson Holdings Management (Paul Salay), L Capital (Lancer Group) (Bart Foster), The Wicks Group of Companies (Thomas Kearney) 01/31/2018 PPC Industries Antares Capital, Kohlberg & Company Industrials AEA Investors 03/01/2018 EaglePicher Technologies Apollo Global Management, VECTRA Energy & Power GTCR (Craig Bondy) 03/13/2018 Togetherwork Aquiline Capital Partners Financials GI Partners (Travis Pearson) 02/01/2018 Eastwind Surgical , Caltius Structured Capital, Meridian Surgical Healthcare Medical Facilities (Robert Horrar) Partners 02/01/2018 City Place Surgery Center Arcapita, Caltius Structured Capital, Meridian Surgical Healthcare Medical Facilities (Robert Horrar) Partners 02/01/2018 Miracle Hills Surgery Center Arcapita, Meridian Surgical Partners Healthcare Medical Facilities (Robert Horrar) 02/01/2018 Brookside Surgery Center Arcapita, Meridian Surgical Partners Healthcare Medical Facilities (Robert Horrar), NueHealth 02/26/2018 Curves International Ares Capital, Capital Dynamics, North Castle Partners, Retail $172.00 Koshidaka Holdings Company Revolution Group 02/28/2018 Falcon Flowback Services Argonaut Energy & Power $85.00 Oil States International (Cynthia Taylor) 02/23/2018 Dow Kokam Argos Soditic, Forsee Power, IdInvest Partners Energy & Power Freudenberg Group 03/19/2018 Nationwide Industries Argosy Private Equity Industrials Harbour Group (Jeffrey Fox) 01/03/2018 U-C Coatings Argosy Private Equity, Sidereal Capital Group Materials High Road Capital Partners (Jeffrey Goodrich) 02/01/2018 Arizona Instrument (AZIC) Arizona MultiBank, Magnet Capital High Technology $38.00 AMETEK (David Zapico) 01/01/2018 AllState Insulation Audax Group, Distribution International, PNC Mezzanine Industrials Installed Building Products Capital, Supply Chain Equity Partners, The CapStreet Group 02/15/2018 NetShape Technologies Babson Capital Management, Saw Mill Capital Industrials Metal Powder Products (Dennis McKeen), Mill Point Capital 01/03/2018 HelloWorld Balance Point Capital, L Catterton Consumer Products/Services Dentsu Aegis Network 01/16/2018 NAURA Akrion Bayside Capital Industrials $15.00 01/08/2018 Apothecary by Design BelHealth Investment Partners Healthcare CVS Health (Amy Lanctot) 03/05/2018 Molecular Response Biotech Investment Group Healthcare BioDuro (TJ Deng), Bridgewest Group 02/01/2018 AP Commercial BlackRock Private Equity Partners, BlueMountain Capital Financials Congressional Bancshares (Jeffrey Lipson), Management Sachs Capital (Andrew Sachs) www.buyoutsnews.com April 2, 2018 | BUYOUTS | 57 1ST QUARTER EXITS

Q1 2018 Buyout Exits Through M&A Date Target Name Sponsor Industry Value ($mil) Acquiror 01/16/2018 LineStar Services Blue Point Capital Partners Financials EMS USA (Daniel Cowan), First Reserve (Jeffrey Quake) 03/14/2018 Paragon Water Systems Bolder Capital, JZ Capital Partners, The Edgewater Funds, Energy & Power Culligan Water Consulting Triwater 03/20/2018 Wastequip Bratenahl Capital Partners, Centerbridge Partners Industrials H.I.G. Capital (Tenno Tsai) 03/08/2018 Engage2Excel Brookside Mezzanine Partners, Gridiron Capital, Maranon Consumer Products/Services Comvest Partners (Matthew Gullen) Capital 01/24/2018 Rizing Bunker Hill Capital High Technology (Carlo Padovano) 02/14/2018 Vision Technology Solutions Caltius Equity Partners High Technology Granicus (Mark Hynes), K1 Capital, Vista Equity Partners (Brian Sheth) 03/13/2018 Freight Force Canopy Capital Partners, Plexus Capital Consumer Products/Services St. George Logistics (Hessel Verhage), Wind Point Partners (Konrad Salaber) 02/01/2018 Expera Old Town Capital Recovery Group, Gordon Brothers, PPL Group, Industrials Rabin Worldwide 01/23/2018 Argon Medical Devices Capital Southwest, RoundTable Healthcare Partners Healthcare $850.00 Shandong Weigao Group Medical Polymer (Wu Xue Feng) 01/17/2018 MountainView Financial Capital Z Partners, CLAC Industries, Paragon Equity Group Financials Situs (Steven Powel), Stone Point Capital Solutions (Charles Davis) 01/18/2018 SOAR Transportation Group Capitala Group Consumer Products/Services 03/02/2018 Filament Brands Capitala Group, Centre Partners, CID Capital Consumer Products/Services $313.00 Lifetime Brands (Jeffrey Siegel) 01/10/2018 IO Data Centers Caretta Partners, , GBT Capital, JP Morgan High Technology $1,400.00 Iron Mountain (William Meaney) Asset Management, Macquarie Group, Peter Liu, Pritzker Group , Sterling Partners 01/17/2018 Pegasus TransTech Carousel Capital, Gary Comer High Technology True Wind Capital (Jamie Greene) 01/03/2018 Alternative Biomedical Casla Partners, Hawk Capital Partners, Samson Investment Healthcare Centre Lane Partners (William James) Solutions Partners 02/06/2018 K'NEX Cathay Capital Private Equity Consumer Products/Services $21.00 Basic Fun! (Jay Foreman) 02/13/2018 Direct Marketing Solutions Caymus Equity Partners, Centerfield Capital Partners Consumer Products/Services Main Street 03/05/2018 Gibraltar Business Capital CCCC Growth Fund, Satori Capital Financials Hercules Capital (Manuel Henriquez) 01/03/2018 Vitamin World Centre Lane Partners Healthcare $28.00 Feihe International (You-Bin Leng), Morgan Stanley Private Equity Asia 01/26/2018 HN Precision Cerberus Capital Management Industrials Mill City Capital (Alexander Rutlin) 02/20/2018 Logic PD CHB Capital Partners, Micro Dynamics, Capital High Technology Compass Group Equity Partners (John Huhn) Finance 02/01/2018 Galls CI Capital Partners Industrials $435.50 Charlesbank Capital Partners (Samuel Bartlett) 02/14/2018 RGS Associates CM Equity Partners Consumer Products/Services USfalcon (Zannie Smith) 02/02/2018 Innovative Office Products Corridor Capital High Technology Cathay Capital Private Equity (Ming-Po Cai), Norwest Mezzanine Partners, ORIX Mezzanine & Private Equity 02/02/2018 Convergint Technologies Cyprium Partners, Intermediate Capital Group, KRG Capital Consumer Products/Services Ares Management (Matthew Cwiertnia) Partners, Mountaingate Capital, PennantPark 03/05/2018 PF Eastern NC Eagle Merchant Partners, JLM Financial Investments, ORIX Retail Altamont Capital Partners (Kevin Mason), Mezzanine & Private Equity, Planet Fitness Excel Fitness Holdings 01/16/2018 DrugScan England & Company, Eureka Healthcare ACM Global Central Lab 03/14/2018 American Medical Response Envision Healthcare, Onex Healthcare $2,400.00 Air Medical Group Holdings (James Momtazee), Ardian (Edouard Boscher), Koch Equity Development (Brett Watson), Kohlberg Kravis Roberts (Ming Lu) 01/31/2018 WomensForum.com Escalate Media, H.I.G. Capital Consumer Products/Services Vix 01/23/2018 Layer3 TV Evolution Media, North Bridge Venture Partners Telecommunications $325.00 T-Mobile (John Legere) 03/01/2018 Corporate Finance Group Flexpoint Ford Consumer Products/Services (John Redett) 01/10/2018 Millenium Home Health Care Formation Capital Healthcare Five Points Healthcare (Rob Radics), Fulcrum Equity Partners (Thomas Greer) 01/10/2018 Pennant Foods Fresh Start Bakeries, Lindsay Goldberg Retail WKS Restaurant Group (Roland Spongberg) 03/05/2018 A.H. Harris & Sons Frontenac Industrials $380.00 HD Supply (John Stegeman) 58 | BUYOUTS | April 2, 2018 www.buyoutsnews.com 1ST QUARTER EXITS

Q1 2018 Buyout Exits Through M&A Date Target Name Sponsor Industry Value ($mil) Acquiror 02/12/2018 Petrosmith Galatyn Private Equity Industrials Blue Wolf Capital Partners (Aakash Patel), K2 Energy Capital (Kevin Kuykendall) 03/01/2018 1st Mariner Bank GCP Capital Partners, Patriot Financial Partners, Priam Financials $163.40 Howard Bank (Mary Scully) Capital, RKJS Bank 02/01/2018 Wake Research Associates Gemini Investors, Timepiece Capital Healthcare M3 USA 02/21/2018 Myco Trailers Gen Cap America Industrials Propst Development 01/30/2018 Air Transport Components Gen Cap America Industrials 01/07/2018 ISA Fire & Security Gen Cap America Industrials Align Capital Partners (Stephen Dyke) 01/11/2018 Armor Express Generations Management, Spanos Barber Jesse & Co. Industrials KDH Defense Systems (Dave Herbener) 01/24/2018 Wave GI Partners, Oak Hill Capital Partners Telecommunications $2,365.00 RCN (James Holanda), TPG Capital (David Trujillo) 02/12/2018 Humanetics Innovative Golden Gate Capital High Technology Bridgepoint (Andrew Sweet) Solutions 03/05/2018 Fluid Goldman Sachs Alternative Investments & Manager High Technology Astound Commerce (Igor Gorin) Selection Group, International Business Machines, Split Rock Partners 01/04/2018 Drayer Physical Therapy Goldman Sachs Merchant Banking Division Healthcare Northwestern Mutual Capital, Revelstoke Institute Capital Partners (Simon Bachleda), Upstream Rehabilitation (David Van Name), WP Global Partners, Yukon Partners (Michael Hall) 02/01/2018 FCX Performance GoldPoint Partners, Harvest Partners, Oaktree Capital Industrials $784.00 Applied Industrial Technologies (Neil Management Schrimsher) 03/06/2018 Aeration Industries Granite Equity Partners, Medallion Capital Consumer Products/Services Newterra (Thomas Vossman) 03/06/2018 SheKnows Media Great Hill Partners Media & Entertainment Penske Media (Jay Penske), Quadrangle Group (Steven Felsher), Third Point, WI Harper Group (Shahi Ghanem) 03/19/2018 Aeropost Guidepost Growth Equity Retail Pricesmart (Jose Laparte) 02/20/2018 Pro-Pet H.I.G. Capital, Land O'Lakes Consumer Products/Services Cargill (Mark Lueking) 01/26/2018 TRAKAmerica H.I.G. Capital, Reprise Management Group Consumer Products/Services Stevens Financial Group and Management

01/05/2018 Health Resources (Dental) Hammond, Kennedy, Whitney & Company Healthcare Paramount Health

01/01/2018 Harbor Community Bank HarbourVest Partners, Kelso Private Equity, Stone Point Financials $416.70 CenterState Bank (John Corbett) Capital, Tinicum 02/14/2018 SoftTouch Medical Hines Securities, Main Street Healthcare

01/17/2018 MeTEOR Education Hudson Ferry Capital Consumer Products/Services Saw Mill Capital (Scott Rivard)

01/19/2018 FMH Aerospace Industrial Growth Partners Industrials $235.00 AMETEK (David Zapico) 02/07/2018 Hirschfeld Industries Insight Equity Consumer Products/Services Alleghany Capital (David Van Geyzel), W&W Steel Company (Rick Cooper) 01/30/2018 Gold Medal Services Ironwood Capital Consumer Products/Services BioHiTech Global (Frank Celli), Kinderhook Industries (Corwynne Carruthers) 01/02/2018 Simonds International Ironwood Partners, Nautic Partners Industrials Burton Saw and Supply (Craig Tompkins), Pfingsten Partners (Scott Finegan) 02/05/2018 WS Packaging Group J.W. Childs Associates Industrials Platinum Equity (Jason Price)

03/01/2018 Industrial Blinds Solutions JMH Capital Energy & Power United Rentals (Paul McDonnell)

03/01/2018 Service Radio Rentals JMH Capital, Wheelhouse Telecommunications United Rentals (Paul McDonnell)

01/12/2018 Pace Industries Kenner & Company, Twin Bridge Capital Partners Industrials Macquire Group

01/16/2018 E4 Health Kinderhook Industries Healthcare New Directions Behavioral Health (Lee Tuveson) 02/15/2018 Janus International Group Kingfish Group, Saw Mill Capital Industrials Clearlake Capital Group (José Feliciano)

01/01/2018 PetVet Care Centers L Catterton, Ontario Teachers' Pension Plan Consumer Products/Services Kohlberg Kravis Roberts (Max Lin)

02/08/2018 Avtex LaSalle Capital High Technology Norwest Equity Partners (Todd Solow)

01/23/2018 Impex Global LaSalle Capital Industrials International Forest Products (Daniel Kraft)

01/31/2018 Tourneau Leonard Green & Partners Retail Bucherer (Guido Zumbühl) www.buyoutsnews.com April 2, 2018 | BUYOUTS | 59 1ST QUARTER EXITS

Q1 2018 Buyout Exits Through M&A Date Target Name Sponsor Industry Value ($mil) Acquiror 01/12/2018 GEODynamics (Engineering Lime Rock Partners Industrials $615.00 Oil States International (Cynthia Taylor) Perforating Solutions) 03/14/2018 Bell Nursery Lindsay Goldberg Consumer Products/Services Central Garden & Pet (George Roeth)

02/01/2018 WoodSpring Hotels Lindsay Goldberg Retail $231.00 Choice Hotels International (Patrick Pacious) 01/10/2018 Crane Currency Lindsay Goldberg Consumer Products/Services $800.00 Crane Company (Max Mitchell) 02/07/2018 Buckhorn Energy Services LKCM Headwater Investments Consumer Products/Services $95.00 Tallgrass Energy Partners (Jeff Nelson) 02/26/2018 Action Fabricators Maranon Capital, River Associates Investments Industrials AlpInvest Partners, Boyd Corporation (Mitchell Aiello), Genstar Capital (Robert Rutledge) 02/06/2018 ATC Drivetrain Marlin Equity Partners Industrials Crestview Partners (Alexander Rose), MidCap Financial Services 02/27/2018 Naveos Merion Investment Partners, Tamroc Partners Healthcare Revint Solutions (Kyle Hicok)

02/26/2018 CalRAM Midstate Berkshire Industrials Carpenter Technology (Tony Thene)

01/24/2018 Galaxy Nutritional Foods Mill Road Capital Consumer Products/Services $17.80 GreenSpace Brands (Matthew Teichman) 02/08/2018 Belco Industrial Services Minturn Partners, Plexus Capital Consumer Products/Services Miller Environmental Services (Charles Miller), Trinity Hunt Partners (Daniel Dross) 01/24/2018 Harden Furniture Miramar Capital Partners Consumer Products/Services Big Shoulders Capital

03/01/2018 Lasership Monitor Clipper Partners, Prospect Capital Consumer Products/Services Greenbriar Equity Group

01/08/2018 Katun Monomoy Capital Partners High Technology General Plastic Industrial Company

02/01/2018 SupplyOne MVP Capital Partners, RSTW Partners, Stephens Industrials Wellspring Capital Management (John Morningstar) 01/10/2018 Geoscape International New MainStream Capital Consumer Products/Services Claritas (Mike Nazzaro), Indian Hill Group (Mike Nazzaro), The Carlyle Group (Adam Glucksman) 03/19/2018 Fifth Creek Energy NGP Energy & Power $595.00 HighPoint Resources (R. Scot Woodall) 03/06/2018 Gopher Resource Norwest Equity Partners Industrials Energy Capital Partners

03/15/2018 Ashland Hardware Systems Nova Capital Management Industrials $101.00 Tyman (Louis Eperjesi) 03/16/2018 Cyanco Holding Oaktree Capital Management Materials Cerberus Capital Management (Dev Kapadia)

01/31/2018 Precision Hydraulic Cylinders Owner Resource Group, PNC Erieview Capital Industrials $85.00 Leggett & Platt 01/11/2018 Cayan Parthenon Capital Partners High Technology $1,050.00 Total System Services (M. Troy Woods) 03/01/2018 Floridian Community Patriot Financial Partners Financials $88.10 Florida Community Bank (Kent Ellert) Holdings 01/09/2018 Maverick Enterprises PCM Companies Industrials Sparflex (Michel Soutiran)

01/01/2018 Atadata Peachtree Corners Technology Incubator High Technology Deloitte (Larry Calabro)

02/20/2018 Corfin Industries PennantPark Investment Corporation, Sagewind Capital, Industrials Behrman Capital (Grant Behrman) SML Capital () 01/23/2018 The Pennysaver Pennysaver Plus, Seaport Capital, Wafra Partners Media & Entertainment Valassis Communications (Wayne Powers)

02/07/2018 White Oak Business Capital Pine Tree Equity Partners Financials White Oak Global Advisors (Andre Hakkak)

01/11/2018 Olivo Laboratories Polaris Partners Healthcare Shiseido Company (Masahiko Uotani)

02/01/2018 Swiss-American Products Prairie Capital Consumer Products/Services Colgate-Palmolive (Ian Cook)

02/08/2018 Property Brands Partners High Technology Insight Venture Partners (Deven Parekh)

02/02/2018 Macfadden and Associates Prudent Capital High Technology Pacific Architects and Engineers (John Heller), Platinum Equity (Louis Samson) 02/09/2018 Silver Run Acquisition II , The Baupost Group Financials $1,550.00 Alta Mesa (Harlan Chappelle), Bayou City Energy (Michael Weiser), Denham Capital Management (Justin DeAngelis), HPS Investment Partners (Don Dimitrievich), Intervale Capital (Charles Cherington) 03/05/2018 Ameritox SAC Private Capital Group, Sequoia Capital, Sutter Hill Healthcare ABRY Partners, Aegis Sciences Ventures 01/16/2018 Full Channel Seaport Capital Telecommunications CountryWide Broadband (Grier Raclin) 60 | BUYOUTS | April 2, 2018 www.buyoutsnews.com 1ST QUARTER EXITS

Q1 2018 Buyout Exits Through M&A Date Target Name Sponsor Industry Value ($mil) Acquiror 02/01/2018 Huddle House Sentinel Capital Partners Retail Elysium Capital Management

01/22/2018 Construction Labor Silver Oak Services Partners Consumer Products/Services The Blackstone Group (David Kestnbaum), Contractors Tradesmen International 02/02/2018 Digital Fuel Skyview Capital High Technology $42.50 Apptio (Sunny Gupta) 01/03/2018 Trintech Spectrum Equity, Vista Equity Partners High Technology Summit Partners (C. J. Fitzgerald)

01/02/2018 Centennial Agency Stephens Financials LNC Partners (Matthew Kelty), Sunstar (Jonesboro) Insurance Group 02/27/2018 B&B Roadway & Security Strait Lane Capital Partners Consumer Products/Services Empeiria Capital Partners (Keith Oster), Huron Solutions Capital Partners (Douglas Sutton), The Pohlad Companies 01/10/2018 Perforce Software Summit Partners High Technology Antares Capital, Clearlake Capital Group (Behdad Eghbali) 03/06/2018 Jiffy Lube Sun Capital Partners Industrials Wynnchurch Capital (Erin Murphy)

03/01/2018 Robertshaw Controls Sun Capital Partners Industrials One Rock Capital Partners (Scott Spielvogel)

02/05/2018 Aclara Technologies Sun Capital Partners High Technology $1,100.00 Hubbell (David Nord) 01/18/2018 Preventure Symmetric Capital Healthcare Virgin Pulse (David Osborne)

03/01/2018 Gulf Stream Marine The CapStreet Group Consumer Products/Services $65.70 Logistec (Madeleine Paquin) 01/03/2018 Alpheus Communications The Gores Group High Technology Astra Capital Management (Washington, DC) (Mark Johnson), DB Private Equity, Logix Communications (Matthew Murphy), Wafra Investment Advisory Group 02/28/2018 Grace Hill The Riverside Company High Technology Stone Point Capital (Charles Davis)

02/01/2018 Safe Fleet The Sterling Group Industrials Oak Hill Capital Partners (Brian Cherry)

01/16/2018 Marketron Broadcast The Wicks Group of Companies, Wicks Broadcast Solutions High Technology Diversis Capital Solutions 01/08/2018 P.T. International Tonka Bay Equity Partners Industrials Incline Equity Partners (Leon Rubinov)

01/19/2018 Maval Industries Torque Capital Group Industrials Allied Motion (Richard Warzala)

03/21/2018 Advanced Discovery Trivest High Technology GI Partners

02/09/2018 PPR Talent Management Trivest Healthcare Medical Solutions

01/05/2018 C2G International True West Capital Partners Consumer Products/Services Cortec Group (Jeffrey Lipsitz), Vidaris (Marc Weissbach) 01/16/2018 Kernel Season's VMG Partners Consumer Products/Services $47.50 Highlander Partners (Jeff Hull), Norwest Mezzanine Partners 01/23/2018 Carls Patio Weinberg Capital Group Retail Rooms To Go (Jeffrey Seaman)

02/06/2018 Snow Companies WestView Capital Partners Real Estate Omnicom Group (Ed Wise)

03/06/2018 DermOne Westwind Investors Healthcare LLR Partners (Elizabeth Campbell), Schweiger Dermatology Group (Eric Schweiger) 01/11/2018 JWC Environmental Windjammer Capital Investors Consumer Products/Services $215.00 Sulzer (César Montenegro) 02/06/2018 Gill North America YFM Equity Partners Retail Douglas Gill International (Jamie Tunnicliffe), YFM Equity Partners Total $28,825.20