List of 10 Western Europe Defense Investors

Investor	PE Assets $mlns	Portfolio	M&A Activity Buy vs Sell, Last 5 Years
FCDE Paris, France Private Equity Firm • 2009 • website See all 10	-	11	11
Talde Private Equity Bilbao, Spain Private Equity Firm • 1976 • website See all 5	192	8	8
Argos Wityu Paris, France Private Equity Firm • 1989 • website See all 26	2,028	81	23
Chequers Capital Paris, France Private Equity Firm • 1972 • website See all 17	2,254	40	18
Butler Industries Paris, France Private Equity Firm • 1991 • website See all 19	8,000	6	6
Sparring Capital Paris, France Private Equity Firm • 2002 • website See all 5	958	40	14
CDP Equity Milan, Italy Private Equity Firm • 2011 • website See all 3	3,831	18	14
Tikehau Ace Capital Paris, France Private Equity Firm • 2000 • website See all 11	1,465	21	21
Maj Invest Equity Copenhagen, Denmark Private Equity Firm • 2005 • website See all 12	665	81	8
Cipio Partners Munich, Germany Secondary Investor • 2003 • website See all 8	-	95	7

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Western Europe Defense Investors