List of 10 Shareholder Liquidity Investors in Belgium

Investor	PE Assets $mlns	Portfolio	M&A Activity Buy vs Sell, Last 5 Years
Sofindev Diegem, Belgium Private Equity Firm • 1991 • website See all 5	676	27	14
Down 2 Earth Capital Antwerp, Belgium Private Equity Firm • 2013 • website See all 6	-	16	12
Smile Invest Linden, Belgium Growth Capital Firm • 2017 • website See all 5	394	15	14
CNP Loverval, Belgium Family Office • website See all 9	3,381	7	6
Sofina Brussels, Belgium Private Equity Firm • 1898 • website See all 16	-	31	24
3d investors Gent, Belgium Family Office • 1992 • website See all 3	-	13	11
Creafund Sint-Martens-Latem, Belgium Growth Capital Firm • 2001 • website See all 4	113	13	11
E-Capital Equity Management Brussel, Belgium Private Equity Firm • 1999 • website See all 3	-	11	8
NXMH Brussels, Belgium Private Equity Firm • 2011 • website See all 3	3,381	6	6
Pentahold NV Deurle, Belgium Private Equity Firm • 2006 • website See all 2	141	10	3

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Belgium Shareholder Liquidity Investors