List of 74 Special Situations/Distressed Investors in Western Europe

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
VE Partners Amsterdam, Netherlands Distressed Investor • 1999 • website See all 7	225	20	11
Callista Private Equity Munich, Germany Distressed Investor • website See all 2	-	22	11
INVEST AG Linz, Austria Private Equity Firm • 1994 • website See all 8	203	60	40
Private Assets Hamburg, Germany Distressed Investor • website	-	6	6
Ardian Paris, France Private Equity Firm • 1996 • website See all 109	125,000	429	168
Mentha Capital Amsterdam, Netherlands Private Equity Firm • 2006 • website See all 9	56	45	23
Foreman Capital Amsterdam, Netherlands Private Equity Firm • 2005 • website See all 4	-	18	11
Kharis Capital Zug, Switzerland Private Equity Firm • 2015 • website See all 6	-	4	4
Andera Partners Paris, France Private Equity Firm • 2001 • website See all 4	4,170	122	60
Siparex Paris, France Private Equity Firm • 1977 • website See all 10	4,170	54	24
Orlando Capital Munich, Germany Distressed Investor • 2001 • website See all 16	732	19	4
Atena Equity Partners Lisboa, Portugal Private Equity Firm • 2014 • website See all 8	-	18	13
Motion Equity Partners Paris, France Private Equity Firm • 2001 • website See all 3	1,127	46	9
NORD Holding Hannover, Germany Private Equity Firm • 1969 • website See all 7	1,127	77	19
DI Mittelstand Munich, Germany Private Equity Firm • website See all 2	-	8	7
HMA Capital Italy Distressed Investor • website	-	1	1

Western Europe Special Situations/Distressed Investors