List of 53 Middle-Market Test/Measurement Equipment Investors

Investor	PE Assets $mlns	Portfolio		M&A Activity Buy vs Sell, Last 5 Years
Investor	PE Assets $mlns	Total	Current	M&A Activity Buy vs Sell, Last 5 Years
Altus Capital Partners Wilton, Connecticut, United States Private Equity Firm • 2003 • website See all 6	280	22	8
Massachusetts Capital Resources Company Boston, Massachusetts, United States Mezzanine Finance Firm • 1977 • website See all 3	700	44	19
May River Capital Chicago, Illinois, United States Private Equity Firm • 2012 • website See all 6	500	17	9
AUCTUS Capital Partners Munich, Germany Private Equity Firm • 2001 • website See all 9	1,127	75	36
Salem Investment Partners Greensboro, North Carolina, United States Mezzanine Finance Firm • 1999 • website See all 8	450	59	36
Armada Helsinki, Finland Mezzanine Finance Firm • 2000 • website See all 8	563	35	10
CORE Industrial Partners Chicago, Illinois, United States Private Equity Firm • 2017 • website See all 6	700	16	13
L Squared Capital Partners Newport Beach, California, United States Private Equity Firm • 2014 • website See all 11	550	17	11
Union Park Capital Boston, Massachusetts, United States Private Equity Firm • 2012 • website See all 4	-	9	7
Carr's Hill Capital Partners New Orleans, Louisiana, United States Private Equity Firm • 2019 • website See all 4	-	3	3
Tonka Bay Equity Partners Minnetonka, Minnesota, United States Private Equity Firm • 1998 • website See all 6	560	40	8
CW Industrial Partners Cleveland, Ohio, United States Private Equity Firm • 1999 • website See all 8	500	27	9
Connection Capital London, United Kingdom Asset Manager • 2010 • website See all 18	454	34	21
Gemini Investors Wellesley, Massachusetts, United States Private Equity Firm • 1993 • website See all 11	700	138	57
CID Capital Indianapolis, Indiana, United States Private Equity Firm • 1981 • website See all 8	500	44	10
BWK Stuttgart, Germany Private Equity Firm • 1990 • website See all 5	338	32	20

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