1 A long established mid-market player Paris office Abnex is present - PowerPoint PPT Presentation

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A long established mid-market player Paris office Abénex is present on the French Private Equity and LBO market since 1992  In 2008, the Managing Partners of ABN AMRO Capital France achieved their own LBO  In 2009, Abénex became the first mid-market player to set up a dedicated Operational Team  Lyon office Since 2015, Abénex is accredited by the AMF as real-estate investor (“OPCI”)  We are currently investing Abénex V , a € 400m+ fund raised from French and international  institutionals and private individuals (with additional capabilities available through co-investment) € 7.0bn € 1.2bn+ 24 transaction invested professionals value 66 135 6 transactions build-ups successful public-to- private deals 2

Our investment strategy Target companies Investment criteria Companies located in France, Target company value:   Switzerland or Benelux 30% 50% 20% Between € 30m and € 300m  Leaders in sectors with high  transactions with transactions with transactions with barriers to entry Investment: EV < € 50m € 50m < EV < € 200m EV > € 200m  Growth potential (in France  Between € 10m and € 100m  and internationally) Opportunities for market  Investment horizon:  consolidation and growth 50% / 50% through acquisitions Up to 7 years depending on the target’s project  majority / minority Potential for operational  holdings improvement Majority and minority holdings  A proven ability to build together the right transaction, understand the company’s environment and adapt to the seller’s objectives (families, founders, managers, large corporates) 3

Our track record Cross industry / sector expertise INDUSTRIES & CONSUMER BUILDING GOODS MATERIALS Growth Majority Buy-in Operational Minority optimization Buy-out BtoB SERVICES & DISTRIBUTION HEALTHCARE TECHNOLOGY 4

An operational mindset A PROFESSIONAL PARTNERSHIP BASED ON TRUST A DEDICATED OPERATIONAL TEAM No interference in day-to-day management At the request of Management, support in the  operational implementation of key value-added projects: Involvement in strategic decisions  Development (organic and external)  Active Board member  Cost optimization  Limited number of investments followed by each  professional Process improvement  Key recruitment / reporting  A DEVELOPMENT PROVIDER A SYNERGETIC PLATFORM Strong willingness to develop turnover and Development of synergies between portfolio companies:  profitability through internal or external growth Creation of a Purchasing Club  Expertise provided to managers to support their  Centralization of non-strategic purchasing volume  build-ups Negotiation of preferential terms  Industrial and financial awareness, sectorial skills  Proven support to international expansion  5

Abénex REIM – A dedicated real-estate team RATIONALE TRACK RECORD Since 2015, Abénex acts as a real-estate investor  Rely on the strong operational Real-estate Investment fund (“OPCI”) management  knowledge built over the years through Set up of two dedicated “OPCI”: acquisition of two retail assets portfolios of respectively  buy-out investments in companies with € 55m (27,000 sqm, 14 assets) and € 150m (75,000 sqm, 38 assets) underlying real-estate assets 2 dedicated professionals  ASSET, PROPERTY & FUND MANAGER APPROVED BY THE AMF Diversified real-estate investments (type and risks)  Investments size of € 15m to € 80m  Targeted opportunities:  Asset portfolio Logistics assets Retail Offices With value creation Mainly located in the (Shopping centers, retail Located in major French cities potential French logistics corridor parks, independent sites) with a value creation axis 6

A complementary team of 24 professionals MANAGING PARTNERS Hervé Claquin, 68 Olivier Moatti, 49 Patrice Verrier, 49 Managing Partner Managing Partner Managing Partner OPERATIONAL & MONITORING INVESTMENT REAL ESTATE Johann Dupont, 42 Antoine Schouman, 42 Antoine Houel, 40 Alexis Lebailly, 28 Partner in charge of Partner Director Associate Operational team Consulting, Services Emmanuel Herbinet, 45 Noémie Thorez, 33 Partner Property Accountant Julien Keignart, 35 Mathieu Mauhourat, 37 Strategy, Industry Director Director Sofiane Touhami, 31 Manager SUPPORT Consulting, Industry Jérôme Vandermarcq, 38 Matthieu Balaÿ, 30 Director – Lyon Manager Carole Bouron, 40 Chief Accountant Vincent Gouedard, 28 Associate Private Equity Eva Haselwander, 29 Karim Hoebanx, 31 Emilie Lhommeau, 31 Associate Associate Antoine Bouvatier, 47 Support & Communication General Counsel Laurent Chevreau, 45 Edouard Jeandey, 28 Caroline Spriet, 26 Marie Valide, 56 CFO, ESG Officer Associate – Lyon Analyst Office Manager 7 Note: team ages calculated as of January 2018

Our portfolio Management Banking intermediation for Fresh products Professional conference Funeral products and consulting individuals retail services organisation and medical edition Growth strategy Growth strategy Growth strategy Growth strategy Operational improvement November 2017 November 2017 April 2017 April 2017 April 2017 Real-estate development Pharma reagents design Ophthalmological Holographic Formworks and services services and manufacturing centers Technologies for the construction Growth strategy Growth strategy Growth strategy Growth strategy Operational improvement April 2017 June 2016 October 2014 June 2013 June 2006 8

Details of our portfolio (1/2) November 2017 November 2017 March 2011 / April 2017 April 2017 April 2017 OBO OBO OBO OBO LMBO Management Banking intermediation for Fresh products Professional conference Funeral products and consulting individuals retail organisation and medical edition services € 100m in sales € 45m in sales € 1,200m in sales € 95m in sales € 35m in sales SQUARE is a management PREMISTA , created in PROSOL GESTION is EUROPA GROUP is a Founded in 1887, HYGECO consulting company with 650 February 2016 by the merger specialized in dairy, fish, Professional Conference is a major international B-to- consultants operating in of Central Finances and fruits and vegetables retail, Organizer (PCO) focused on B distributor and services France, Belgium, Luxemburg Végalis, is involved in within GRAND FRAIS the medical segment. provider on the funeral and Switzerland. banking intermediation. The stores, which also comprises market. EUROPA GROUP organizes company is the French leader a butcher and a grocer. The company is present on 3 c. 50 congresses p.a. and Benefiting from a broad in debt consolidation for segments: Based near Lyon, PROSOL offers a large panel of related range of funeral products and individuals. created the GRAND FRAIS services incl. hotel booking, post-mortem equipment, the Digital and marketing (i) PREMSITA relies on two concept and acts as its main publishing and digital group addresses funeral distribution channels: (i) a operator. services. homes, mortuaries, hospitals Process, operations and (ii) direct channel with clients and post-mortem medical risk management GRAND FRAIS consists of Based in Toulouse, EUROPA identified by bank agencies laboratories, in France, (regulations, more than 190 stores in GROUP has offices in Paris or sourced via internet and Europe and Middle-East. compliance) France, Belgium and Italy. Singapore, Johannesburg and (ii) an indirect channel Rotterdam. It employs 130 HYGECO is also the leading Strategy and (iii) through franchise networks. people. player in France of organization PREMISTA also manages a embalming care services In June 2017, EUROPA SQUARE ’s target customers network of 80 branches in dedicated to funeral homes. GROUP acquired Phili@, the operate in Banking, real-estate loans brokerage. French leader in specialized HYGECO has 340 Insurance, TMT, Energy, in medical edition. employees. Transport and Services. 9