ALL PRIVATE EQUITY DEALS OF 2021 - JANUARY 2021 - BEBEEZ

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ALL PRIVATE EQUITY DEALS OF 2021 - JANUARY 2021 - BEBEEZ
January 2021

All private equity deals
of 2021

    January 2021 - EdiBeez srl - operational headquarters Corso Venezia, 8 - 20121 Milan - registered office Corso Italia, 22 - 20122 Milan   1
After a slow first part of the year, M&A activity by private equity
                                                                           investors in Italy resumed at full speed in the second half of 2020,
                                                                           so much so that the number of deals for the whole 2019 was
                                                                           eventually surpassed by momentum. But the way of working has
                                                                           changed, with much more focus than before on working on one's
                                                                           own equity portfolio.

                                                                           BeBeez Private Data, the BeBeez private capital database, has
                                                                           calculated that 360 private equity deals were announced or closed
                                                                           last year. The number is surprising, given that in 2019 as a whole
                                                                           there were 317 deals and that 2020 had to discount the Covid-19
                                                                           effect. But there is an explanation for the fact that the Covid effect
                                                                           seems to have been fully absorbed.

                                                                   To ensure that the M&A activity could continue, buyers and sellers
                                                                   got used to dealing in different ways, aware of the fact that in
                                                                   reality none of them can really imagine today what the results of
the companies being acquired will be tomorrow, because the impact of the Covid crisis was and remains only estimable, but no
one has any real elements of certainty. It is for this reason that more and more M&A agreements are concluded with a base price
to which a further component, known as an earn-out, is added if the company achieves certain budget objectives in the following
year, or by providing that the entrepreneur reinvests in the company, perhaps in the form of a vendor loan, preferably structured
as a bond, which can be more easily negotiated than junior financing lines.

Boom in add-ons. The number of deals mapped by BeBeez Private Data includes investments by private equity investors in
the broadest sense, i.e. not just funds and their subsidiaries, but also investment holding companies and club deals by private
investors. And it also includes 30 divestments to industrial entities, to entrepreneurs or on the market, in the case of companies
that have subsequently been listed.

            January 2021 - EdiBeez srl - operational headquarters Corso Venezia, 8 - 20121 Milan - registered office Corso Italia, 22 - 20122 Milan   2
Unsurprisingly, the second half of the year was much more active than the first half, when only 132 deals were announced or
closed, half of which were add-ons, i.e. acquisitions by companies already in the portfolio of private equity investors. This trend
was also confirmed in the second half of the year, when, however, direct investments also resumed in a more important way, and
so in total since the beginning of the year there have been 133 direct investments by private equity funds (they were 149 in
2019) against 125 add-ons on Italian companies (only 63 in 2019), in addition to another 13 add-ons conducted on foreign
targets (against 15 in 2019) by Italian companies in which the funds hold stakes.

Restructuring deals involving funds entering the capital of companies also increased, although the number is still limited
compared to the number of deals in progress, which are much higher. In line with last year, the number of deals carried out by
club deals, deals on energy production plants and divestments were also up. The number of business combination transactions
with Spacs fell: only one during the year compared to 6 in 2019.

The statistics already include some mega-deals that have been announced although not yet concluded. Such as the FiberCop
broadband deal between TIM and KKR Infrastructure and the deals involving Cdp Equity and the various private equity funds
that are shareholders in Nexi, Sia and Nets in the electronic payments sector, as well as the deal on Borsa Italiana, with Cdp
Equity once again playing a leading role. Other billion-dollar deals have yet to be signed: Open Fiber, Lega Calcio Serie A and
Autostrade per l'Italia.

Overall, however, it is clear that, after a first part of the year dampened by the effects of the first lockdown, M&A activity has
resumed at full speed. Not that doubts about the prospects of the various businesses have really dissipated, in light of the stop-
and-go of production and the possibility of consumption. What has changed is the attitude of investors and entrepreneurs. On the
one hand, people have become accustomed to the new scenario and are more willing to accept longer payback periods and higher
risks, and on the other hand, they are more willing to accept prices that are less rich and linked to the actual results that companies
will bring home in the future.

            January 2021 - EdiBeez srl - operational headquarters Corso Venezia, 8 - 20121 Milan - registered office Corso Italia, 22 - 20122 Milan   3
Private equity transactions in Italy in 2020                                           Notes: Figures in mln euros;
                                                                                                                                        * = revenue 2019; ** =
                                                                                                                                        turnover;
Direct investments by investment funds and holding companies                                                                            *** = revenue 2020
                                             Revenue                        %               Who sold                                                        Article by
Company                 Sector                        Date                            EV                                Investors
                                               s 2018                   capital             or diluted                                                      BeBeez
Acetaia Fondo
                        Food                       0,9   22/01/2020      8,00%
Montebello                                                                            3,1 Piccolo-Cantile family        BemyCompany Capital                 BeBeez
                                                                                          Maurizio and Ottaviano
Allegrini                                                30/10/2020 Maj-Gen           nd                                Metrika sgr
                        Chemistry                 25,9                                    Allegrini                                                         BeBeez
                        Media and
Alpha Test                                                                             nd                               White Bridge Investments
                        Entertainment             15,3   31/07/2020 Maj-Gen                 Aksìa Capital                                                   BeBeez
Arag                    Metalworker               19,5   12/11/2020 Maj-Gen            nd Montorsi family               Capvis                              BeBeez
                                                                                                                        Gradiente II and La Finanziaria
Arcansas                                                 07/09/2020     60,00%         nd Scriattol family
                        Manufacturing             21,7                                                                  Trentina                            BeBeez
Ardea srl               Energy & Utilities         2,1   31/01/2020     49,00%         nd Aegean                        Icon Infrastructure                 BeBeez
Arrigoni                Manufacturing             29,5   03/08/2020     70,00%         nd Paolo and Luisa Arrigoni,     Armonia sgr                         BeBeez
                                                                                           Enrico Donati, Francesca
                                                                                       nd                           Progressio Investments III
Assist Digital          Software & ICT           100*    29/11/2020 30,00%                Gabrielli, Franco Fradian                                         BeBeez
Atena srl               Agriculture                nd    17/03/2020 100,00%            nd nd                        Buccelletti, Idea Agro fund             BeBeez
                                                                                          GWM Renewable Energy
Athena Investments
                                                                                          II, SDP RAIF,Copenhagen Fidim (Rovati family)
(ex GrennTech)
                        Energy & Utilities          nd   14/12/2020 100,00%            50 Stock Exchange                                                    BeBeez
Aussafer Due            Metalmechanics             30*   14/12/2020          nd        nd Claudio and Luisa Citoussi 21 Invest                              BeBeez
B&C srl
                        Retail                     0,8   20/05/2020        min.        nd                               Net4Capital
(Barberino's)                                                                               R204 Partners                                                   BeBeez
                                                                                                                        Alcedo sgr (70%), Riccardo and
Bertoncello             Food                        18   02/07/2020 100,00%            nd Bertoncello family            Francesco Bertoncello (22%),
                                                                                                                        Stefano Stanghellin (8%)            BeBeez
Bioman                  Other services             45*   07/12/2020        min.        nd Angelo Mandato            Friulia                                 BeBeez
                        Pharmaceutical                                                    Roberto Del Maso, Cecilia NB Aurora and club deal
BluVet
                        and medical                 nd   31/12/2020 Maj-Gen            nd Accampi, Guido Massera organised by F&P4BIZ                       BeBeez

                 January 2021 - EdiBeez srl - operational headquarters Corso Venezia, 8 - 20121 Milan - registered office Corso Italia, 22 - 20122 Milan               4
Revenue                       %               Who sold                                                        Article by
Company                Sector                        Date                           EV                                Investors
                                              s 2018                  capital             or diluted                                                      BeBeez
                       Internet and e-
Callmewine                                             04/12/2020     60,00%         nd Paolo Zanetti                 Italmobiliare
                       commerce                 6,4*                                                                                                      BeBeez
Campobasso calcio                                                                       Halley Holding, Nicola
(SSD Città di          Media &                                                       nd Circelli, Associazione Noi    North Six Group
Campobasso)            entertainment              nd   31/12/2020          nd           siamo il Campobasso                                               BeBeez
                       Fashion, Luxury &                                                Luigi Servidati and Fabio
Cantiere del Pardo                                     04/12/2020     60,00%         nd                               Wise Equity
                       Design                  41,1*                                    Planamente                                                        BeBeez
                       Pharmaceutical
Casa della Salute                                 nd                  92,50%              Marco Fertonani             Italmobiliare
                       and medical                     16/11/2020                    nd                                                                   BeBeez
                       Internet and e-
Casa.it                                                18/09/2020 100,00%            nd Oakley Capital                EQT
                       commerce                25,3*                                                                                                      BeBeez
                                                                                        Itas holding, Lo.ga-fin,
                                                                                     nd management and Isa
Castello sgr           Financial services       13,5   17/06/2020     82,00%            reinvest                      Oaktree                             BeBeez
CCC Holdins                                                                             club deal of private
                                                       16/09/2020        min.        nd                               Italian Energy Efficiency Fund II
Europe                 Financial services         nd                                    investors                                                         BeBeez
                                                                                        20th Century Fox, Sony
                                                                                                                      Antares Private Equity, Antonio
                                                                                        Pictures Entertainment,
                                                                                                                      Belloni, Argenta Holding
                                                                                        Viacom Paramount,
                       Media &                                                                                        (Francesco Trapani), Chiarva
Chili spa                                       28,5   21/01/2020        min.        nd Warner Bros
                       entertainment                                                                                  family, Passera family, Ferruccio
                                                                                        Entertainment, Giorgio
                                                                                                                      Ferrara, Negentropy sicav, Torino
                                                                                        Tacchia, Stefano Parisi,
                                                                                                                      1895 Investimenti spa
                                                                                        manager                                                           BeBeez
Clas                   Food                      40*   16/12/2020     80,00%         nd Renato Bersano                Equinox and Alessandro Bettini      BeBeez
CMC Machinery          Metalworker               61*   19/11/2020     70,00%         nd Ponti family                  KKR Global Impact fund              BeBeez
                                                                                        Archeide Discounted
COEFI (ora
                                                                                        Receveibles Opportunities     Clessidra sgr
Clessidra factoring)                                   25/11/2020 100,00%            nd
                       Financial services      59**                                     Fund sarl and Intermedia                                          BeBeez
                       Fashion, luxury
Colnago spa                                     21,3   06/05/2020 Maj-Gen            nd                               Chimera Finance
                       and design                                                         Ernesto Colnago                                                 BeBeez

               January 2021 - EdiBeez srl - operational headquarters Corso Venezia, 8 - 20121 Milan - registered office Corso Italia, 22 - 20122 Milan             5
Revenue                       %               Who sold                                                       Article by
Company                Sector                         Date                           EV                                Investors
                                               s 2018                  capital             or diluted                                                     BeBeez
Compagnia
                       Shipping, transport
Ferroviaria Italiana                             46,4   22/04/2020     92,50%         nd                               Ania F2i fund
                       and logistics
spa                                                                                        Giacomo Di Patrizi                                             BeBeez
                       Fashion, Luxury &                                                                               Axelia, Stefano Coppe and Angelo
Contract                                                14/07/2020     88,00%         nd Réponse
                       Design                      18                                                                  Marchetto                        BeBeez
                       Telecommunicatio
Convergenze                                                                           nd                               Redfish Longterm Capital
                       ns                        13,7   28/07/2020 12,50%                  Sage Management                                                BeBeez
Cremonesi srl          Energy & Utilities         1,5   28/04/2020 100,00%            10 Cremonesi family              Italian Energy Efficiency Fund     BeBeez
                                                                                         Centurion global fund
Cristallina                                        33   20/07/2020     16,32%         nd sicav (part of club deal      Banca Ifis
                       Food                                                              Orienta Partners)                                                BeBeez
                                                                      15% (sle           Health Holding Company
Dedalus Holding                                 164,2   06/05/2020                    nd                               Ardian LBO Fund IV
                       Software and ICT                                to 75%)           (Giorgio Moretti)                                                BeBeez
                                                                                         Vittorio, Francesco and
Della Toffola                                           02/09/2020     73,50%         nd                               Investindustrial
                       Metalmechanics             59*                                    Luciano Della Toffola                                            BeBeez
                       Pharmaceutical                                                                                  LBO France, Banca Ifis and the
Demas srl                                       117,1   21/05/2020 Maj-Gen            nd
                       and medical                                                         Foglietti family            Giovanni Ambrosetti Group          BeBeez
Demenego               Retail                    20,7   23/09/2020     80,00%         nd Demenego family               Vam Investments                    BeBeez
                                                                                           Vincenzo Fiengo and
DGS                                                     14/09/2020 Maj-Gen            nd                               HIG Europe
                       Software and ICT         75,7*                                      Salvatore Frosina                                              BeBeez
Divisione
Oil&Marine Manuli                                                                     nd Manuli Hydraulics             Ibla Industries II
Hydraulics                                              21/09/2020 100,00%                                                                                BeBeez
DMO Pet Care srl                                                                           Celeghin family and         Peninsula Capital and Demos 1
                                                                                      nd
(Isola dei Tesori) Retail                     135,3*    15/12/2020     75,00%              managers                    (Azimut Libera Impresa sgr)        BeBeez
                                                                                                                       William Maggio and Valerio
DoveVivo               Internet and e-                  11/09/2020        min.        nd capital increase              Fonseca, Tikehau Capital, ISA,
                       commerce                 28,5*                                                                  Seac Fin and other investors       BeBeez
                       Energy and
EasyCharge                                         nd   21/07/2020     30,00%         nd Rachele Maria Lorusso         Brian and Partners
                       utilities                                                                                                                          BeBeez
                       Pharmaceutical
eFarma Group srl                                  5,2   27/01/2020                                                     Finbeauty
                       and medical                                        min.        20 Francesco Zaccariello                                            BeBeez

                January 2021 - EdiBeez srl - operational headquarters Corso Venezia, 8 - 20121 Milan - registered office Corso Italia, 22 - 20122 Milan            6
Revenue                        %            Who sold                                                          Article by
Company                 Sector                        Date                            EV                                Investors
                                               s 2018                   capital          or diluted                                                        BeBeez
                                                                                         Xrip mechanics, Crip
Energica Motor                                                                           Technnology, Maison
                        Automotive                 2,3   21/04/2020      1,50%        nd                                Negma Group
Company spa                                                                              ER&CIE, Aim market
                                                                                         Italy                                                             BeBeez
Engineering                                                                              Apax Partners (exits) and
Ingegneria              Software and ICT       1138,1    06/02/2020 Maj-Gen              NB Renaissance                 Bain Capital, NB Renaissance and
Informatica spa                                                                     1550 (reinvests)                    Paolo Pandozy                      BeBeez
Engineering
Ingegneria              Software and ICT       1138,1    06/02/2020      2,80%              Apax Partners               NB Aurora
Informatica spa                                                                     1550                                                                   BeBeez
EPI                     Other services             25*   29/11/2020 Maj-Gen            nd Lorenzo Forte                 Quadrivio Indusrtry 4.0 fund       BeBeez
ETC                                                      30/08/2020     64,50%         nd Atlantia                      Align Capital Partners             BeBeez
Eurogroup               Electronics              404*    07/07/2020     30,00%         nd Iori family                   Tikehau Capital                    BeBeez
                                                                                          Dodero and Donelli            Cronos Capital Partners and
Everton                 Food                             04/12/2020     60,00%
                                                 25,7*                                 nd families                      private investors                  BeBeez
Expert System srl       Software and ICT          28,7   05/05/2020      2,70%      123,9 Aim Italy market              Indaco Ventures and Invesco        BeBeez
                                                                                          Wrm, Oak Tree Ltd. and
Fiber 4.0                                                29/10/2020 100,00%          49,7                               Asterion Industrial Infra Fund I
                        Financial services          nd                                    Pilot                                                            BeBeez
                        Telecommunicatio
FiberCop                                                 30/08/2020     37,50%              TIM                         KKR Infrastructure
                        ns                          nd                                 nd                                                                  BeBeez
Fimotec                 Tlc                        33*   14/07/2020 Maj-Gen            nd IGI Private Equity            Wise Equity                        BeBeez
                                                                                          Massimiliano Merlo,
                                                                                          Giuseppe Frasca and
First Advisory srl      Financial services        14,8   01/04/2020                                                     Riello Investment Partners sgr
                                                                                          Lorenzo Fanti and clubb
                                                                        51,00%         nd deal Ninja2                                                      BeBeez
                                                                                          Anna Facchino,
FlavourArt srl                                     8,1   21/01/2020     25,00%                                          Capex
                        Chemistry                                                      nd Massimiliano Mancini                                             BeBeez
                                                                                                                        Vam Investments, Italmobiliare,
                                                                                                                        Fondo Italiano (65%), Giuntini,
Florence Group                                           10/11/2020 100,00%                 newco
                        Fashion, Luxury &                                                                               Capezzuoli, Maltinti families
                        Design                                                         nd                               (35%)                              BeBeez

                 January 2021 - EdiBeez srl - operational headquarters Corso Venezia, 8 - 20121 Milan - registered office Corso Italia, 22 - 20122 Milan            7
Revenue                       %             Who sold                                                          Article by
Company               Sector                         Date                           EV                                Investors
                                              s 2018                  capital           or diluted                                                        BeBeez
                      Industrial products                                               Luigi Vaccaro and Rita
Friulair                                                                                                              Alcedo sgr
                      and services             37,6*   15/12/2020     80,00%         nd Micheli                                                           BeBeez
                      Media &
Gamenet spa                                      646                                                                  Apollo Global Mgmt (rises to xx)
                      entertainment                    14/02/2020     29,60%        784 MTA market                                                        BeBeez
                      Services to
Gamma Ufficio                                                                                                         Star Capital
                      companies                 8,9*   27/07/2020 100,00%            nd Massimo Elampini                                                  BeBeez
Garnell sgr           Financial services          nd   18/09/2020 100,00%            nd La Scala family               Quinta Capital                      BeBeez
                      Fashion, Luxury &                                                 Giuliano and Giordano
GCDS                                                   13/11/2020 Maj-Gen            nd                               Quadrivio Made in Italy
                      Design                   15,9*                                    Calza                                                             BeBeez
                                                                                                                      Cheyne European Strategic Value
General Smontaggi
                      Construction             23,6*   29/09/2020        min.        nd               -               Fund                                BeBeez
                                                                                                                      Idea Agro and club deal organised
GIAS                  Food
                                                46*    11/12/2020     51,00%         nd Tenuta family                 by Cleon Capital                    BeBeez
Giochi Preziosi spa   Manufacturing            547*    07/02/2020      2,00%       686 Enrico Preziosi                Centurion Global Sicav              BeBeez
                      Fashion, luxury,                                                 Carlyle and manager
Golden Goose                                     185                                                                  Permira
                      design                           17/06/2020 Maj-Gen         1280 (reinvested for minority)                                          BeBeez
Grafiche Favillini
                      Manufacturing             12,7   17/02/2020                                                     Arcadia sgr
srl                                                                   60,00%         nd Favillini family                                                  BeBeez
Gruppo Millbo-
                      Food                                                                Alessandro Boggiani         Ergon Capital
Bionaturals                                    20,9*   17/12/2020 Maj-Gen           100                                                                   BeBeez
                                                                                        Pippo Montella and Franco
Gruppo Sebeto spa     Retail                      61   30/03/2020     20,00%
                                                                                     nd Manna                     OpCapital (rises to 100%)               BeBeez
Hippocrates                                                                             Davide Tavaniello and
                      Retail                                                                                      Antin Infrastructure Partners
Holding                                        200*    17/11/2020     80,00%        600 Rodolfo Guarino                                                   BeBeez
                      Pharmaceutical                                                    Alessandro and Stefano
IAFSTORE                                       25,1*   21/07/2020          nd        nd                           L-Catterton
                      and medical                                                       Coradi                                                            BeBeez
illycaffé             Food                   520,2*    23/11/2020     20,00%      1000 Illy Caffè Group               Rhone Capital                       BeBeez
Industrie De Nora     Chemistry                500*    20/11/2020     33,00%      1200 Blackstone                     Snam                                BeBeez
Ingino spa            Food                      34,1   12/05/2020        min.      16,9 Ingino family                 Idea Agro                           BeBeez

               January 2021 - EdiBeez srl - operational headquarters Corso Venezia, 8 - 20121 Milan - registered office Corso Italia, 22 - 20122 Milan             8
Revenue                       %            Who sold                                                          Article by
Company                Sector                         Date                           EV                                Investors
                                               s 2018                  capital          or diluted                                                        BeBeez
                                                                                        Dario Ferrari (DAFE
Intercos                                                                                                               GIC
                       Chemistry                713*    08/12/2020       9%%       1500 Holding)                                                          BeBeez
                                                                                                                       Ardian Infrastructure, Canson
Inwit
                       tlc                        395   25/06/2020     14,80%     12250 Tim                            Capital Partners, Azimut PE 1      BeBeez
Irplast spa            Plastics                 118,8   20/03/2020 100,00%           100 manager                       Cheyne Capital                     BeBeez
Istituto Alberghiero                                                                     Archiepiscopal Curia of
                       Other services             1,8   08/06/2020        min.                                         Talent Fund (AVM Gestioni)
De Filippi srl                                                                        nd Milan                                                            BeBeez
ITH spa (holding di                                                                                                    Tamburi Inv. Partners (5.64%),
Sesa)                  Software and ICT         1540    11/06/2020      6,60%         nd HSE (founders)                Marco and Leonardo Bassilichi      BeBeez
Jakal (Vesta
                                                                                           Sauro Gabbrielli            Bravo Capital
Corporation)           Chemistry                16,6*   18/12/2020     70,00%         nd                                                                  BeBeez
                                                                                                                       Guido Brera, Rocco Bove,
Kairos Partners sgr                                     19/10/2020     30,00%              Julius Baer
                       Financial services          nd                                 nd                               Massimo Trabattoni                 BeBeez
La Sanfermese          Food                     46,4*   20/10/2020 Maj-Gen            nd Pelladone family              Orange Capital Development         BeBeez
                       Shipping, transport
MarterNeri                                              23/11/2020 100,00%            70 Palladio Holding              F2i
                       and logistics            52,2*                                                                                                     BeBeez
Massimo Zanetti
                                                        27/11/2020     27,55%              Market                      MZB Holding
Beverage               Food                   914,5*                                  nd                                                                  BeBeez
                                                                                                                       Fondo Italiano Consolidamento e
MaticMind                                                                                  Carmine Saladino
                       Software & ICT           300*    03/08/2020        min.        nd                               Crescita                           BeBeez
MaticMind              Software & ICT           300*    15/10/2020       min.         nd Carmine Saladino, FITEC       RedFish LongTerm Capital           BeBeez
MBE Worldwide                                                            up to
                       Retail                   918*                                                                   Oaktree
(Mailboxes)                                             20/02/2020       40%         300 Fiorelli family                                                  BeBeez
                                                                                         Michele Nerucci, Gianni
Mengoni&Nassini        Fashion, Luxury &                                                 Mengoni and                   Bravo Capital (M&N Holding)
                       Design                   17,9*   17/12/2020 100,00%            nd Massimiliano Andrean                                             BeBeez
Mercure Holding
(Nuova Argo            Shipping and                                                                                    Yarpa
Finanziaria)           logistics                   nd   31/07/2020        min.        nd Ardian Infrastructure                                            BeBeez
                                                                                         Embassy Freight (Savino
Merida Italia                                           26/11/2020     45,50%                                          Bemycompany Capital Partners
                       Manufacturing             8,5*                                 nd Del Bene group)                                                  BeBeez

                January 2021 - EdiBeez srl - operational headquarters Corso Venezia, 8 - 20121 Milan - registered office Corso Italia, 22 - 20122 Milan            9
Revenue                       %             Who sold                                                         Article by
Company                 Sector                         Date                           EV                                 Investors
                                                s 2018                  capital           or diluted                                                       BeBeez
                                                                                          Claudio Gabellini and
Namirial spa                                      46,6   10/04/2020     70,00%
                        Software & ICT                                                150 Enrico Giacomelli              Ambienta                          BeBeez
Nappi 1911              Food                      38,5   17/11/2020 Maj-Gen            nd Nappi family                   Aksìa Capital V                   BeBeez
                        Shipping, transport
Nexive Services srl                                 17   26/02/2020     80,00%
                        and logistics                                                  nd PosteNL                        Mutares                           BeBeez
Nuova Fapam             Chemistry                18,5*   22/10/2020 100,00%            nd Parnazzini family              Mandarin Capital III              BeBeez
Officina
                                                                                            Alto Partners sgr and the
Farmaceutica                                                                                                             Investindustrial (Procemsa)
                                                                                            Donati family
Italiana                Chemistry                18,5*   17/12/2020 100,00%            nd                                                                  BeBeez
Officina Profumo
Farmaceutica di                                                                             Diana Stefani, Eugenio
                                                  26,6   08/01/2020     20,00%
Santa Maria                                                                                 Alphandery
Novella spa             Chemistry                                                     190                                Italmobiliare                     BeBeez
Officina Profumo
Farmaceutica di                                                                             Diana Stefani, Eugenio
                                                  26,6   08/09/2020     60,00%
Santa Maria                                                                                 Alphandery
Novella spa             Chemistry                                                     190                                Italmobiliare (rises to 80%)      BeBeez
                        Pharmaceutical
Ospedale Koelliker                               45,8*   07/12/2020        min.             Missionari della Consolata
                        and medical                                                    nd                                Ersel Investments                 BeBeez
Pasticceria Bindi
                        Food                     107,4   29/01/2020 100,00%
spa                                                                                    nd Bindi family                   BC Partners                       BeBeez
Permasteelisa spa       Manufacturing          1104,7    04/05/2020 100,00%            nd Lixil Group Corp               Atlas Holdings                    BeBeez
Pieralisi Maip          Metalmechanics              73   22/06/2020     51,00%         nd Pieralisi family               Idea CCR II                       BeBeez
PM Plastic
                                                         24/08/2020 Maj-Gen                 Moscheni family              German participation
Materials               Manufacturing             96,8                                 nd                                                                  BeBeez
                                                                                          Filippo Bradaschia, Omar
PrimaLuce                                                                                                                CGN Services
                        Electronics               1,7*   21/12/2020 20,00%             nd Cauz, Paolo Cattapan                                             BeBeez
Profiltubi              Metalmechanics           99,2*   21/07/2020 Maj-Gen            nd Alfieri family                 Auctus Capital Partners           BeBeez

                 January 2021 - EdiBeez srl - operational headquarters Corso Venezia, 8 - 20121 Milan - registered office Corso Italia, 22 - 20122 Milan         10
Revenue                        %             Who sold                                                          Article by
Company                Sector                        Date                            EV                                Investors
                                              s 2018                   capital           or diluted                                                        BeBeez
                                                                                         CMB, Gemmo,
                                                                                         Coopservice, Cirfood,
                                                                                         BPER, Servizi Italia and      Vauban Infrastructure Partners
                                                                                         Consorzio Cooperative
Progeni                Other services           46,8*   27/11/2020     75,00%         nd Costruzioni                                                       BeBeez
Project Informatica    Software and IT          130*    09/07/2020    Majority        nd Alberto Ghisleni              Hig Europe                          BeBeez
                       Fashion, Luxury &
Rosantica                                               18/09/2020     60,00%              Michela Panero              Quadrivio Made in Italy Fund
                       Design                      1*                                 nd                                                                   BeBeez
Roscio                 Food                     29,1*   12/11/2020     80,00%         50 Roscio family                 Taste of Italy 2                    BeBeez
Saie                   Other services            6,2*   27/11/2020        min.        nd Ballerini family              Medit Partners                      BeBeez
Self Group             Metalmechanics            4,5*   25/06/2020        min.       nd concordato                     Friulia                             BeBeez
                                                                                         Gianfranco Padovani,
                                                                                                                       Demos 1 (Azimut Libera Impresa
Sicer                                           70,2*                  65,00%            Giuliano Ferrari, B.Group
                                                                                                                       sgr)
                       Chemistry                        17/11/2020                   nd (exits from the capital)                                           BeBeez
Sicura spa             Other services             42*   12/02/2020     89,50%       54,5 Rekeep and manager            Args Wityu                          BeBeez
Sicurezza e                                                                                                            Vam Investments and Adon
                                                        16/10/2020 100,00%                 Angelo Cacciotti
Ambiente               Other services           17,6*                                 nd                               Capital                             BeBeez
                                                                                                                       Entangled Capital and Capital
SM Pack                                                 25/09/2020 100,00%                 Mezzadri family
                       Manufacturing            16,5*                                 nd                               Dynamics                            BeBeez
Società Gasdotti                                                                         Macquarie Infrastructure      Ontario Teachers' Pension Plan
Italia                 Oil&Gas                  77,4*   31/12/2020     69,41%        750 and Real Assets (MIRA)        Board                               BeBeez
Sofima                 Metalmechanics        1595,5*    12/11/2020     19,07%         nd Vacchi family                 BC Partners                         BeBeez
                       Energy and                                                        New Sorgenia Holding          F2i and Asterion Industrial Infra
Sorgenia                                                07/10/2020 100,00%
                       utilities               1700*                                  nd (banks)                       Fund I                              BeBeez
Surfaces
Technological                                           07/08/2020                         Astorg                      TA Associates
Abrasives              Chemistry                97,8*                 Majority        nd                                                                   BeBeez
Synergo Capital sgr Financial services           1,7*   19/10/2020     20,00%         nd Italian Mezzanine srl         Sinergia Holding (rises to 100%)    BeBeez
Team 1994 srl
                                                                                           Dario Oreglia               Euler Capital
(Area srl)          Financial services        12,12*    30/11/2020          nd        nd                                                                   BeBeez

                January 2021 - EdiBeez srl - operational headquarters Corso Venezia, 8 - 20121 Milan - registered office Corso Italia, 22 - 20122 Milan          11
Revenue                        %               Who sold                                                       Article by
Company               Sector                        Date                            EV                                Investors
                                             s 2018                   capital             or diluted                                                     BeBeez
Techedge              Software & ICT          206,3* 07/11/2020        3,14%        138 market                        Titan BidCo (One Equity Partners) BeBeez
Telepass              Other services           228*    19/10/2020     49,00%      1,056 Atlantia                      Partners Group                     BeBeez
                      Fashion, Luxury &                                                                               Veneto Sviluppo and Paikos
Terre di Venezia                                       07/08/2020        min.             Bisol family
                      Design                    2,1*                                 nd                               (Pagnan family)                    BeBeez
TowerTel              Tlc                      47,4*   31/12/2020 100,00%           500 EiTowers                      Phoenix Tower International, F2i   BeBeez
                                                                      min.
Unifrutti                                              03/11/2020 (preferre               De Nadai family             Carlyle
                      Agriculture                700              d equity)          nd                                                                  BeBeez
US Wind (Toto
                                                       02/09/2020          nd             Renexia (Toto Holdings)     Apollo Global Management
Holdings)             Energy & Utilities          nd                                265                                                                  BeBeez
Valpizza              Food                     19,9*   30/07/2020 Maj-Gen            nd Vanes Biagi                   Aksìa Capital V, Marco Setti       BeBeez
                                                                                                                  Latour Industriers (Investment AB
Vega                                                   19/11/2020     10,00%         nd Paolo Vitturini
                      Electronics                20*                                                              Latour)                                BeBeez
                      Pharmaceutical                                                    Mario Salmeri and Stefano Credem Elite, Credem Venture
Vista Vision
                      and medical              15,9*   18/12/2020     30,00%       20,5 Zanchi                    Capital lI                             BeBeez
Vittoria              Manufacturing              60*   14/07/2020 Maj-Gen            nd Rudie Campagne                Wise Equity                        BeBeez
                      Pharmaceutical                                                                                  Giordano Dell'Amore Social
VivaVoce                                               22/10/2020
                      and medical                 nd                                 nd                               Venture Foundation                 BeBeez
Vomm                  Metalmechanics             24*   30/08/2020     65,00%         nd Vezzali family                Aksìa Capital V                    BeBeez
                      Internet and
Web al Chilo                                                                              Gianluca Gatti              Innovative-RFK
                      ecommerce                 1,1*   15/12/2020     20,00%         nd                                                                  BeBeez
Willier Triestina    Metalmechanics            45,1*   07/08/2020        min.        nd Gastaldello family            Pamoja Capital                     BeBeez
Total direct investments 133

               January 2021 - EdiBeez srl - operational headquarters Corso Venezia, 8 - 20121 Milan - registered office Corso Italia, 22 - 20122 Milan         12
Add-on on Italian companies
                                                                                                                                                              Article
                                           Revenues                                          Who sold
Company                  Sector                     Date              % capital        EV                                       Investors                     by
                                               2018                                          or diluted
                                                                                                                                                              BeBeez
                                                                                                                                Waterland Private Equity
EffeEffe Pet Food
                         Food                    43,8 09/01/2020        100,00%        nd Ferrari family                        (United Petfood)              BeBeez
                                                                                           Edoardo Loewenthal, private
                         Financial                                                                                              Tikehau Capital (Assiteca),
6sicuro                                                                                    investors, Principia II (Principia
                         services                                                                                               rises to 100%
                                                 2,6* 18/02/2020         78,80%       11,7 sgr)                                                               BeBeez
Aalberts Surface                                                                           Aalberts Surface Treatment           Gradient sgr (Argos Surface
                         Metalworker                    17/06/2020                                                                                            BeBeez
Treatment Italy srl                                8*                   100,00%        nd GmbH                                  Technologies)
                                                                                                                                Mandarin Capital Partners
Abc Morini srl           Manufacturing            9,5 21/05/2020       Maj-Gen               Morini family (reinvests)                                        BeBeez
                                                                                        nd                                      (Margot)
Accademia Italiana                                                                                                              Cathay Capital and BFI
                         Other services
Arte Moda e Design                                4,8 29/06/2020        100,00%         nd Vincenzo Giubba                      France (AD Education)         BeBeez
Advanced Medical
                         Pharmaceutical                                                                                         Van Herk Ventures (Medis
Imaging                                                                                    Giovanni Tonti and Gianni
                         and medical                                                                                            Medical Imaging Systems)
Development                                      1,4* 12/05/2020        100,00%         nd Pedrizzetti                                                        BeBeez
                         Aeronautics and                                                   Penta Capital and other
Aero Sekur                                         nd                  Maj-Gen                                                  Richard Mark Butler
                         defence                        08/07/2020                      nd investors                                                          BeBeez
                                                                                                                            Aksìa Capital (House of
Alba Tramezzini                                         23/12/2020       70,00%              Cosimo and Claudio Albano
                         Food                    6,4*                                   nd                                  Piada)                            BeBeez
                         Fashion, luxury                                                     Fabio Maggini and Barbara      Industrial Holding Company
Albachiara                                       2,3*                   100,00%
                         and design                     13/10/2020                      nd   Burzi                          (Holding Moda)                    BeBeez
                         Fashion, luxury                                                                                    Mandarin Capital and Marco
Alce                                                    16/12/2020      100,00%              Bruno Pompei, Mirella Dal Rio
                         and design             18,6*                                   nd                                  Vecellio (Margot)                 BeBeez
                         Aeronautics and                                                     Penta Capital and other
Arescosmo                                        5,4*                  Maj-Gen                                               Richard Mark Butler
                         defence                        08/07/2020                      nd   investors                                                        BeBeez
                                                                                             partner-managers (reinvest in  Gradient sgr (Argos Surface
Argos spa                Metalworker                    17/06/2020                                                                                            BeBeez
                                                   8*                   100,00%         nd   holding company)               Technologies)
Asset Sirap Italia,                                                                                                         Advent International (Faerch
                         Plastics                  nd                   100,00%
Polonia e Spagna                                        09/11/2020                      nd   Sirap (Italmobiliare)          Group)                            BeBeez
Autotrasporti            Shipping and                                                        Giovanni Gigliotti and Alberto
                                                        31/12/2020      100,00%                                             ArchiMed (Bomi Italy)
Gigliotti-Bergamin       logistics              2,67*                                   nd   Bergamin                                                         BeBeez

                 January 2021 - EdiBeez srl - operational headquarters Corso Venezia, 8 - 20121 Milan - registered office Corso Italia, 22 - 20122 Milan           13
Article
                                           Revenues                                          Who sold
Company                  Sector                     Date              % capital        EV                                     Investors                        by
                                               2018                                          or diluted
                                                                                                                                                               BeBeez
                         Financial                                                                                            Cdp Equity, Intesa Sanpaolo,
Borsa Italiana                                   179                    100,00%
                         services                       09/10/2020                   4,325 London Stock Exchange              market (Euronext)                BeBeez
                                                                                                                              Quadrivio Made in Italy
Bosco Nestore                                    1,8*                   Majority
                         Food                           23/10/2020                      nd Bosco family                       (Prosit)                         BeBeez
                         Fashion, luxury                                                   Giovanni Mancini, Alessandro       Consilium sgr (Manifatture
Broma                                                   23/12/2020      100,00%
                         and design              24*                                    nd Brotini and Daniele Mancini        Italiane Group)                  BeBeez
                                                                                           Lottomatica Holding
Lottomatica                                                                                                                   Apollo Management
                         Media &                        08/12/2020      100,00%            (International Game
Scommesse                                                                                                                     (Gamenet)
                         Entertainment          191*                                    nd Technology)                                                         BeBeez
                                                                                           Lottomatica Holding
                                                                                                                              Apollo Management
Lottomatica Videolot Media &                            08/12/2020      100,00%       1100 (International Game
                                                                                                                              (Gamenet)
                     Entertainment              545,9                                      Technology)                                                         BeBeez
                     Services to                                                                                              Stirling Square (Itelyum
Carbonafta Ecologia
                     companies                    3,8 04/03/2020         80,00%         nd Buini family                       Purification)                    BeBeez
Cedir                    Construction            15* 29/11/2020         100,00%         nd Stefano and Alessandra Andalò Mandarin Capital (Italcer)            BeBeez
                                                                                                                         Impresa San Siro (Augens
Cellini                  Other services
                                                 0,5* 22/05/2020        100,00%         nd Cacciola-Martelli family      Capital)                              BeBeez
Centro Diagnostico       Pharmaceutical                                                                                  Partners Group and PSP
Solbiatese               and medical              1,9 03/03/2020        100,00%         nd Private investors             (Cerba Healthcare)                    BeBeez
Cerere Produzione        Food                   12,5* 03/11/2020        100,00%         nd Schiappapietra family         Nctx (Agras Pet Food)                 BeBeez
                                                                                                                              Vam Investments,
                         Fashion, luxury
Ciemmeci Fashion                                17,4*                   100,00%            Capezzuoli, Ciampolini and         Italmobiliare, Fondo Italiano
                         and design
                                                        10/11/2020                      nd Maltinti families                  (Florence Group)                 BeBeez
Cometam Gas              Energy                    nd 07/05/2020        100,00%         nd Bonatti spa                        F2i (2i Rete Gas)                BeBeez
Comprital                Food                   21,7* 06/11/2020        100,00%         nd Gianni Osti                        Investindustrial (Italcanditi)   BeBeez
Concordia                Other services          5,4* 26/10/2020        100,00%         nd Eurolegno (Lorandi Group)          Augens Capital, BMO(HOFI) BeBeez
Condotte
Investimenti
                         Construction              nd                    20,00%              Pipelines (in extraord. adm.)    Infracapital (rises to 100%)
Infrastrutturali srl
(C2i)                                                   30/10/2020                      nd                                                                     BeBeez

                 January 2021 - EdiBeez srl - operational headquarters Corso Venezia, 8 - 20121 Milan - registered office Corso Italia, 22 - 20122 Milan            14
Article
                                          Revenues                                         Who sold
Company                 Sector                     Date              % capital        EV                                     Investors                        by
                                              2018                                         or diluted
                                                                                                                                                              BeBeez
Costruzione Emiliana
                                                                                                                             Alto Partners (Spare Partners)
Ingranaggi           Automotive                 60,4 11/05/2020        Majority        nd Boni family                                                         BeBeez
                                                                                                                             Mandarin Capital Partners
Daroma                                          26,7 14/01/2020        100,00%
                        Food                                                           nd Giulio Santin (reinvests)          (Coffee Holding)                 BeBeez
Centro Procreazione     Pharmaceutical                                                    Elisabetta Chelo, Marco            Investindustrial VII
                                                       31/10/2020      100,00%
Assistita Demetra       and medical             5,5*                                   nd Miglietta, other investors         (GeneraLife)                     BeBeez
                        Pharmaceutical                              10% (rising
Demetra Holding                                                                                                           Keensight Capital
                        and medical             70* 06/07/2020         to 30%)        600 Faccioli family                                                     BeBeez
                        Financial                                                         Advent, Bain Capital, Clessidra BFF Banking Group
DEPOBank                                       112,9
                        services                       14/05/2020       91,00%         nd (reinvest min. in BFF)          (Centerbridge)                      BeBeez
                                                                                                                          Assietta Private Equity, Paolo
Di-Va                                           11*                    100,00%                                            Colonna, ISA (Naturalia
                        Chemistry                      24/09/2020                      nd Massimo Gattini                 Tantum)                             BeBeez
                        Pharmaceutical                                                                                    Trilantic Europe (Doppel
Dietopack                                         10 26/06/2020         90,00%
                        and medical                                                    nd Cavazzuti family                Pharmaceuticals)                    BeBeez
Divisione Acoutics di
                                                                       100,00%                                               FSI (Adler Pelzer Group)
STS Group                                              03/11/2020                      nd ?                                                                   BeBeez
                                                                                                                             Ethica Global Investments
DM Tecnik               Manufacturing           3,2*                    75,00%
                                                       27/10/2020                      nd Roberto Lazarus                    (TechVision)                     BeBeez
                                                                                                                             CCC Europe Holdings (Roen
Enex
                        Metalworker              8,7 18/02/2020        100,00%         nd Sergio Girotto                     East)                            BeBeez
                                                                                                                             SK Capital (Ascend
Esseti Plast
                        Plastics                 6,2 17/02/2020        100,00%         nd Giancarlo D'Ottavio                Performance Materials)           BeBeez
                        Pharmaceutical                                                    Marinopoulos Group                 York Capital, Elements
                                                17,9 30/03/2020        100,00%
Famar Italia spa        and medical                                                    nd (Pillarstone Greece)               Capital (Mpilo)                  BeBeez
                        Pharmaceutical                                                    Francesco Palladini and
Farcoderma                                     10,4*                   100,00%                                               Armonia sgr, Fidim (BioDue)
                        and medical                    05/08/2020                      nd Roberto Nisica                                                      BeBeez
Fdl Servizi             Software & ICT           1,3 27/02/2020        Majority        nd Fausto Romelli                     Bain Capital (Engineering)       BeBeez
Filinvest srl                                                                                                                Mandarin Capital Partners
                                                 5,2 21/02/2020
(Yespresso)             Food                                            30,00%         nd Filippo Di Carlo                   (Coffee Holding)                 BeBeez

                January 2021 - EdiBeez srl - operational headquarters Corso Venezia, 8 - 20121 Milan - registered office Corso Italia, 22 - 20122 Milan            15
Article
                                           Revenues                                         Who sold
Company                  Sector                     Date              % capital        EV                                     Investors                     by
                                               2018                                         or diluted
                                                                                                                                                            BeBeez
                         Fashion, luxury                                                   Lapo Grassellini, Roberto     Club deal (Italian Design
Flexalighting srl                                 4,6 18/02/2020        majority
                         and design                                                     nd Mantovani, Simone Francalanci Brands and Paolo Pagani)      BeBeez
                                                                                                                         Fondo Italiano d'Investimento
Fonderia Scaranello                                                     100,00%
                         Metalworker              8,5 28/04/2020                        nd Scaranello family             sgr (Fonderia Montorso)       BeBeez
Futura Robotica          Metalworker              8,2 09/06/2020       Maj-Gen          nd Fulvio Granelli, other investors Progressio sgr (Gampack)        BeBeez
                                                                                                                            Triton Capital (Bormioli
GCL Pharma
                         Manufacturing              9 19/03/2020        100,00%         10 Guala Closures                   Pharma)                         BeBeez
                         Shipping and                                                                                       Ania-F2i Fund and Terzo
Geasar                                          52,7*                    80,00%
                         logistics                      26/10/2020                      nd Alisarda                         Fondo F2i (F2i Airports2)       BeBeez
                         Pharmaceutical                                                                                     Investindustrial VII
Genera                                                  30/07/2020      100,00%            Filippo Maria Ubaldi
                         and medical              9,6                                   nd                                  (GeneraLife)                    BeBeez
                         Pharmaceutical                                                                                     CVC Capital Partners (DFE
Genetic
                         and medical               42 20/07/2020       Maj-Gen         125 Pavese family                    Pharma)                         BeBeez
                                                                                                                            Vam Investments,
                         Fashion, luxury
Giuntini                                         76,1                   100,00%                                             Italmobiliare, Fondo Italiano
                         and design
                                                        10/11/2020                      nd Giuntini family                  (Florence Group)                BeBeez
                                                                                                                            Triton Capital (All4Labels
GPS Label - Rotomet Manufacturing               19,6*                   100,00%
                                                        07/08/2020                      nd Grotto family, Andrea Cerisara Global Packaging Group)           BeBeez
                         Fashion, luxury                                                   Paolo Grosso, Matteo Iualé,
Grosso                                                  17/12/2020      100,00%                                             Lion Capital (Menghi)
                         and design              5,8*                                   nd Marco Maurizi                                                    BeBeez
                                                                                           Daniele Gorini,Giovanna
Gruppo Caravelli         Pharmaceutical            2*                    80,00%            Cenni,Silvia Naldi,Vanessa       Investindustrial (Lifebrain)
                         and medical                    23/09/2020                      nd Cerisano                                                         BeBeez
                                                                                           Cristian Taormina,Elena and
Giacomo Milano                                                                                                              Fidim (Tearose)
                         Retail                   1,7 03/08/2020            min.        nd Giulia Monti                                                     BeBeez
                                                                                                                            Westport Capital (Newcold
Gruppo Pacaro                                           31/12/2020      100,00%            Alessio family
                         Shipping                3,1*                                   nd                                  Coöperatief)                    BeBeez
                                                                     5% (option                                             Hellman&Friedman
Habblle
                         Software & ICT           1,8 11/06/2020      for 55%)          nd Gellify                          (Teamsystem)                    BeBeez
Finlibera                                                                                  Dario Vittorio Mortini,
                                                                                                                            Tikehau Capital (DoveVivo)
(Milanostanze)           Real estate              3,9 04/06/2020        100,00%         nd Pierpaolo Zampini                                                BeBeez

                 January 2021 - EdiBeez srl - operational headquarters Corso Venezia, 8 - 20121 Milan - registered office Corso Italia, 22 - 20122 Milan         16
Article
                                          Revenues                                          Who sold
Company                 Sector                     Date              % capital        EV                                     Investors                    by
                                              2018                                          or diluted
                                                                                                                                                          BeBeez
                                                                                                                         Fondo Italiano Tecnologia e
Hopenly                 Software & ICT          0,6*                    70,00%
                                                       10/11/2020                      nd Barbara Vecchi, Roberto Grassi Crescita (Seco)                  BeBeez
                                                                                                                         Arcadia sgr (Grafiche
Idea Grafica            Manufacturing           12,7                   Majority
                                                       10/07/2020                      nd Pettinari family               Favillini)                       BeBeez
                                                                                                                         Stirling Square (Itelyum
Idroclean
                        Chemistry               14,4 04/03/2020        100,00%         nd Zonca family                   Purification)                    BeBeez
                                                                                                                         Xenon Private Equity
Il Faro Quality Fish
                        Food                       - 07/05/2020        Majority        nd Massimo Raffaell               (Panapesca)                      BeBeez
                                                                                          partner-managers (reinvest in  Gradiente sgr (Argos Surface
Impreglon Italia srl    Metalworker                    17/06/2020                                                                                         BeBeez
                                                3,5*                   100,00%         nd holding company)               Technologies)
Intereco                Other services          12,3 09/07/2020        100,00%         nd Tiziano Fontanesi, Mario Botti     Stirling Square (Itelyum)    BeBeez
                                                                                          140 members,includ. Managing       LFPI and Montefiore
Interflora Italia                                      22/12/2020      100,00%
                        Other services         17,7*                                   nd Director Luca Iannarone            Investment (MyFlower)        BeBeez
                                                                                          Davide Bettio, Dario Freddi,
Ispirata                Software & ICT            nd                    70,00%                                               FII Tech Growth (Seco)
                                                       28/07/2020                      nd Marco Oggioni                                                   BeBeez
JV Systems Sunlight-                                                                                                         Olympia Group (Systems
                                                       23/12/2020      100,00%              (joint-venture startup)
BMG Energy           Electronics                                                       nd                                    Sunlight) and BMG Energy     BeBeez
                                                                                                                             Fondo Agroalimentare
La Nuova Tradizione
                        Food                    2,5* 17/07/2020        Majority        nd nd                                 Italiano I (Agrimola)        BeBeez
                        Financial                                                                                            Riello Investimenti (First
Life&Wealth                                     0,5*                   100,00%
                        services                       14/10/2020                      nd Renato Lot                         Advisory)                    BeBeez
                                                                                          Franco D'Agostino, Franco
                                                                                                                             Investindustrial VII
Livet                   Pharmaceutical                 30/08/2020      100,00%            Ghigonetto, Johann Gunnar
                                                                                                                             (GeneraLife)
                        and medical             2,1*                                   nd Holte, other investors                                          BeBeez
                        Shipping and                                                      Paradisi family, Andrea Nardo
Logifarma                                                                                                                    ArchiMed (Bomi)
                        logistics                 6* 29/05/2020        100,00%         nd and Roberto Pucci                                               BeBeez
                                                                                                                             Neuberger Berman, Fondo
                                                                                            Giorgio and Giuseppe Ghezzi,
                                                                                                                             Agroalimentare Italiano I,
Logistica 2                                            05/10/2020      100,00%              Remo Joris and Mauro
                        Shipping and                                                                                         Intesa Sanpaolo (Trasporti
                                                                                            Zancanella
                        logistics              34,7*                                   nd                                    Romagna)                     BeBeez
Lombardi                Manufacturing          16,4* 29/06/2020         66,00%         nd Lombardi family                    Equinox (Radix)              BeBeez

                January 2021 - EdiBeez srl - operational headquarters Corso Venezia, 8 - 20121 Milan - registered office Corso Italia, 22 - 20122 Milan        17
Article
                                           Revenues                                         Who sold
Company                  Sector                     Date              % capital        EV                                     Investors                       by
                                               2018                                         or diluted
                                                                                                                                                              BeBeez
                         Pharmaceutical                                                                                       Investindustrial Growth
Luc&Bel                                          8,1*                   majority
                         and medical                    15/09/2020                      nd Luca Ferrari                       (Benvic)                        BeBeez
                         Energy and
Maierà Gas                                                                                                                F2i (2i Rete Gas)
                         utilities                  - 07/05/2020        100,00%         nd Bonatti spa                                                        BeBeez
                                                                                           Taddei family, Mirko Baldi and Invision and Nord Holding
Margherita srl                                  42,1*
                         Food                           21/04/2020      majority        nd Werner Furre                   (KADI ag)                           BeBeez
                                                                                                                          Hellman&Friedman
Mbm Italia
                         Software & ICT             5 22/04/2020         61,00%         nd Private investors              (Teamsystem)                        BeBeez
                         Pharmaceutical                                                    Judith and Matthew Anna        Atlnte Private Equity(Service
Medi-H-Art
                         and medical             4,5* 01/06/2020        100,00%         nd Rossetti                       Med)                                BeBeez
                         Pharmaceutical                                                                                   Dws Pan-European
Medipass                                        32,3*                   100,00%
                         and medical                    08/09/2020                     169 KOS                            Infrastructure III(Inframedica)     BeBeez
Megic Pizza              Food                  10*** 23/11/2020          80,00%         nd Gerardo Acampora                   Aksìa Capital (Valpizza)        BeBeez
                         Fashion,                                                                                             Vam Investments,
Mely’s Maglieria         Luxury &               15,4*                   100,00%                                               Italmobiliare, Fondo Italiano
                         Design                         10/11/2020                      nd Sanarelli family                   (Florence Group)                BeBeez
                                                                                           founding members and               Alpha Private Equity (AMF
Mimest                   Manufacturing
                                                  4,3 08/06/2020        100,00%         nd managers                           Snaps)                          BeBeez
Mobert                   Metalmechanics         14,4* 15/10/2020        100,00%         nd Napoleon Trezzi                    Ambienta sgr (Amutec)           BeBeez
                                                                                           Digital Magics spa, Reale          Sequotia Capital and other
Moneymour
                         Fintech                   nd 14/02/2020         18,40%         nd Mutua Assicurazioni                vennures (Klarna Bank)          BeBeez
                         Energy and                                                                                           F2i, APG and Ardian ( 2i
Montelungo Gas srl
                         utilities                 nd 07/05/2020        100,00%         nd Bonatti spa                        Rete Gas spa)                   BeBeez
N.B. Service             Software & ICT          3,8* 07/09/2020        100,00%         nd Davide Bocchino                    Wise Equity (Innovery)          BeBeez
                                                                                                                              Auctus Capial (Oleodinamica
                         Metalworker                    26/06/2020
Naldoni Biondi                                     4*                   100,00%         nd Giuseppe Biondi                    Marchesini)                     BeBeez
                                                                                                                              NB Renaissance Partners and
Nuova Osba
                         Chemistry                8,5 02/07/2020        100,00%         nd Famiglietti family                 NB Aurora (Rino Mastrotto)      BeBeez
Obiectivo                Services to                                                       Massimo Lo Monaco, Pamela
                                                 0,7*                   100,00%                                               Wise Equity (Innovery)
Technology               companies                      06/08/2020                      nd Pace, other investors                                              BeBeez

                 January 2021 - EdiBeez srl - operational headquarters Corso Venezia, 8 - 20121 Milan - registered office Corso Italia, 22 - 20122 Milan           18
Article
                                         Revenues                                         Who sold
Company                Sector                     Date              % capital        EV                                     Investors                         by
                                             2018                                         or diluted
                                                                                                                                                              BeBeez
Onoranze Funebri                                                                                                            Augens Capital (Impresa San
                       Other services
Lombarda (Bertini)                             1,5* 25/06/2020         80,00%         nd Massimo and Raffaele Bertini       Siro)                             BeBeez
Onoranze Funebri                                                                                                            Augens Capital (Impresa San
                       Other services
Serpi                                           1,4 20/01/2020         70,00%         nd Serpi family                       Siro)                             BeBeez
Oranfrizer             Food                    39* 03/11/2020         100,00%         nd Alba family                        Carlyle (Unifrutti)               BeBeez
Ortofrutticola del
                                              10,6*                   100,00%                                               Investindustrial (Italcanditi)
Mugello                Food                           05/08/2020                      nd Gaetano De Feo                                                       BeBeez
                                                                                                                            Bluegem (Beauty Nova-
Panzeri Diffusion                             38,9*                   100,00%
                       Chemistry                      13/10/2020                      nd Ivano Panzeri                      Poolservice Medavita)             BeBeez
                       Shipping and                                                      Cristian Mavilla, Enrico
Peterlini                                             06/10/2020      100,00%                                               IGI and Siparex (Bracchi)
                       logistics               3,3*                                   nd Mavilla, Nerella Peterlini                                           BeBeez
Pibiplast              Plastics                  nd 05/08/2020        100,00%         nd Ambienta                           FSI (Lumson)                      BeBeez
                       Media &                                                                                              Oaktree (Asacha Media
Picomedia
                       Entertainment          14,7* 17/04/2020         75,00%         nd Roberto Sessa                      Group)                            BeBeez
                                                                                                                            SK Capital (Ascend
Poliblend
                       Plastics                74,8 17/02/2020        100,00%         nd Giancarlo D'Ottavio                Performance Materials)            BeBeez
Poligof                Plastics             118,4* 11/12/2020         100,00%         nd 21 Invest and the Gatti family     Portobello Capital (Ceo)          BeBeez
                                                                                         Fermo Vitali, Luigi Cavenati,      Mistral Capital (Etichettificio
Prisma                                                21/12/2020      100,00%
                       Manufacturing           3,3*                                   nd Patrizia Premoli                   LGL)                              BeBeez
                                                                                         partner-managers (reinvest in      Xenon Private Equity
Progel                 Ict                     9,8*
                                                      15/06/2020      100,00%         nd holding company)                   (Impresoft)                       BeBeez
                                                                                         Constantin Wiethaus, Giulio        Highland Capital Partners
Prooqui                Internet and                                                      Valiante, Ivan De Liguori, Milo    Europe and various ventures
                       ecommerce                  2 19/05/2020        100,00%         nd Zagari                             (DoveConviene)                    BeBeez
Ramo azienda
odontoiatrico del      Pharmaceutical                                                                                       Aksìa Capital IV (Primo
                                                 nd                   100,00%
Centro Medico I        and medical                                                       Centro Medico I Mulini (Serra      Group)
Mulini                                                25/11/2020                      nd family)                                                              BeBeez
                       Fashion, luxury                                                                                      Industrial Holding Company
RBS                                           11,1*                   100,00%
                       & Design                       03/08/2020                      nd Federico Sambinello                (Holding Moda)                    BeBeez

               January 2021 - EdiBeez srl - operational headquarters Corso Venezia, 8 - 20121 Milan - registered office Corso Italia, 22 - 20122 Milan             19
Article
                                        Revenues                                         Who sold
Company               Sector                     Date              % capital        EV                                     Investors                     by
                                            2018                                         or diluted
                                                                                                                                                         BeBeez
Riunione Industrie                                                                                                         Portobello Capital (Angulas
Alimentari            Food                    54,6 10/02/2020        Majority        nd Coppola family                     Aguoinaga)                    BeBeez
Roberto Industria                                                                                                          Aliante Equity Investments
                      Food                    57,1                   100,00%
Alimentare                                           29/06/2020                      nd Canzian family                     (Morato Pane)                 BeBeez
Scae Europe           Metalworker              6,6 19/06/2020        100,00%         nd bankruptcy proceedings             Ambienta (Amutec)             BeBeez
Scatolificio
                                                                                                                           HIG Europe (Cadicagroup)
Cartotecnica Giorgi   Manufacturing            5,7 23/01/2020        Majority        nd Giorgi family                                                    BeBeez
                                                                                        Nazzaro Serino and Enrico
Sevecom                                      26,6*                   100,00%                                               Cinven (Barentz)
                      Food                           13/11/2020                      nd Pigorini                                                         BeBeez
                                                                                                                           Advent International, Bain
Sia                   Financial                      05/10/2020                                                            Capital, Clessidra, market
                      services               614,8                   100,00%         nd Cdp Equity and FSIA                (Nexi)                        BeBeez
                      Transport,
Società Progetto                                                                                                           IFM Global Infrastructure
                      shipping &
Brebemi                                                                                                                    (Aleatica)
                      logistics               92* 28/10/2020          44,70%       2400 Intesa Sannpaolo                                                 BeBeez
Soprad                Plastics                13,6 12/03/2020        100,00%         nd Fiorenzo Roncari                   Warburg Pincus (Pregis)       BeBeez
Specchiasol           Chemistry               25,4 08/07/2020        100,00%         nd Giuseppe Maria Ricchiuto           White Bridge Investments      BeBeez
                                                                                        Simonetta Ercolani, Francesco
                      Media &                                                                                              Oaktree (Asacha Media
Stand by me                                                                             Nespega and Giuliano
                      Entertainment                                                                                        Group)
                                             12,2* 17/04/2020         75,00%         nd Tranquilli                                                       BeBeez
Studio Besana e                                                                         Arturo Besana and Tiziana
                      Other services                 26/06/2020                                                            Ardian (F2A)                  BeBeez
Cantù                                           nd                   100,00%         nd Cantù
T&J Vestor            Manufacturing           17,1 06/02/2020        100,00%         nd Jelmini family, Torrani family     FSI (Missoni)                 BeBeez
TCX                   Manufacturing          20,6* 02/10/2020        100,00%         nd Keyhaven Capital Partners          Investcorp (Dainese)          BeBeez
                      Services to                                                                                          Icon Infrastructure
Tecnoambiente                                28,8*                   100,00%
                      companies                      02/11/2020                      nd Bertini family                     (EcoEridania)                 BeBeez
                      Pharmaceutical                                                                                       Aksìa Capital IV (COC
TubiLux Pharma                               34,2*                   100,00%
                      and medical                    02/10/2020                      nd Emidio Fedeli                      Pharmaceuticals)              BeBeez
                                                                                                                            Europe Capital Partners VI
Verve
                      Plastics                13,5 09/01/2020        Majority        nd Versiglia family                   (Innduplast)                  BeBeez

              January 2021 - EdiBeez srl - operational headquarters Corso Venezia, 8 - 20121 Milan - registered office Corso Italia, 22 - 20122 Milan         20
Article
                                          Revenues                                        Who sold
Company               Sector                       Date             % capital       EV                                     Investors                     by
                                              2018                                        or diluted
                                                                                                                                                         BeBeez
Vidiemme Consulting Software & ICT               5,6 13/03/2020      100,00%         nd Luca Valsecchi                     Apax Partners (Bip)           BeBeez
                      Pharmaceutical
Villa Armonia Nuova                                                                                                        (KOS)
                      and medical                4,3 18/03/2020      100,00%         nd Finoro Immobiliare srl                                           BeBeez
Villa Pedemonte
                      Manufacturing                                                                                        Equinox (Radix)
Atelier                                        23,8* 29/06/2020       66,00%         nd Arzani family                                                    BeBeez
                      Consumer                                                                                             Cornell Capital (Knowlton
Zobele
                      goods                     69,4 21/02/2020      100,00%         nd DH Private Equity Partners         Development)                  BeBeez
Total add-on on Italian companies 125
Add-on on foreign companies
                                                                                           Who
                                                     Reven                                                                                                 Article
                                                                                           sold
Company               Country      Sector              ues Date                      EV         Investors                   Investors                      by
                                                                                             or
                                                      2018                                                                                                 BeBeez
                                                                                        diluted
                                                                                                                            BeMyCompany Capital (Aceaia
7 Import&Export
                                                                                                                            Fondo Montebello)
                      US           Food                 nd        04/02/2020    100,00%       nd nd                                                      BeBeez
                                   Media &                                                       Amedeo Guffanti, Marco
77agency              UK                                                                                                Ardian, other investors (Jakala)
                                   entertainment        nd        03/03/2020    100,00%       nd Corsaro                                                 BeBeez
business software of
                                                                                                                            Ardian (Daedalus)
DXC Technologies       US          Software            230        21/07/2020    100,00%      525 DXC Techologies                                           BeBeez
Brosacor Correduría                Financial
                       Spain                                                                                                Tikehau Capital (Assiteca)
de Seguro                          services          7,5***       07/07/2020    100,00%       2,7 nd                                                       BeBeez
Salted bakery products                                                                                                      Aliante Equity Investments
                       Spain       Food                                         100,00%
of Cerealto-Siro                                        nd        29/06/2020                  nd Cerealto-Siro              (Morato Pane)                  BeBeez
Create Flavours       UK           Chemistry            nd        12/05/2020    100,00%       nd Jonathan Jones             Nactarome (Ambienta sgr)       BeBeez
Industrial Papelera
                      Mexico       Manufacturing                                                                            Fedrigoni (Bain Capital)
Venus                                                  15*        07/12/2020    100,00%       nd nd                                                        BeBeez
Iso                                                                                                                         Triton Capital (Bormioli
                      Germany      Glass
Arzneiverpackungen                                      nd        10/12/2020    100,00%       nd Marc Jeanrichard           Pharma)                        BeBeez

              January 2021 - EdiBeez srl - operational headquarters Corso Venezia, 8 - 20121 Milan - registered office Corso Italia, 22 - 20122 Milan         21
Who
                                                         Reven                                                                                                    Article
                                                                                               sold
Company                 Country       Sector               ues Date                      EV         Investors                   Investors                         by
                                                                                                 or
                                                          2018                                                                                                    BeBeez
                                                                                            diluted
                                                                                                                                Fondo Italiano Tecnologia e
Make Helsinki           Finland       Other services
                                                            nd        03/12/2020     100,00%      nd Petteri Kolehmainen        Crescita (Healthware Group        BeBeez
                                                                                                     Hellman & Friedman,
                                                                                                                                Advent, Bain Capital, Clessidra
Nets                    Denmark       Fintech                                                        GIC, Bain Capital e
                                                                                                                                and market (Nexi)
                                                         1100*        15/11/2020     100,00%    7800 Advent International                                         BeBeez
Renovalia Energy                      Energy &                                                       Cerberus Capital
                        Spain                                                                                                   F2i (EF Solare)
Group                                 Utilities             nd        24/04/2020     100,00%     700 Management                                                   BeBeez
T&J Installations       UK            Other services        nd        24/03/2020     30,00%       nd nd                         Consilium sgr (Celli)             BeBeez
T&J Installations       UK            Other services        nd        17/11/2020     70,00%       nd nd                         Consilium sgr (Celli)             BeBeez
Total add-on on foreign companies 13

Club deal
                                           Revenues                                            Who sold
Company                 Sector                      Date                % capital        EV                                 Investors              Article by BeBeez
                                               2018                                            or diluted
                                                                                                                            Aqua Vera spa
                                                                                            San Pellegrino (Nestlé          (Quagliuolo family
Acqua Vera              Food                      80*    30/11/2020       100,00%        75 Group)                          and managers)          BeBeez
                                                                                                                            Club deal organised by
Crippa spa                                      37,5*    18/06/2020       Majority       nd Crippa family                   Astaco srl             BeBeez
                        Internet and e-                                                                                     AM Capital and
Deghi                                                    22/09/2020        20,00%              Alberto Paglialunga
                        commerce                38,1*                                    nd                                 private investors      BeBeez
Dierre                  Metalworker                47    20/01/2020         4,70%        nd NB Aurora                       Megainvest             BeBeez
                        Transport and                                                       Enrico Grassi and Vittorio      Club deal Ruck (H14,
Elettric80              logistics                 300*   09/07/2020        25,00%        nd Cavirani                        private investors)     BeBeez
                        Fashion, luxury,                                                                                    Como (Costamagna
Fope spa                                          31,3   18/02/2020        71,20%       49,3 Diego Nardin                                          BeBeez
                        design                                                                                              and Morante)
                                                                                                                            Club deal of private
Gruppo CMC              Metalworker               61*    29/05/2020          min.        nd Francesco Ponti                 investors              BeBeez

                January 2021 - EdiBeez srl - operational headquarters Corso Venezia, 8 - 20121 Milan - registered office Corso Italia, 22 - 20122 Milan              22
Revenues                                         Who sold
Company                  Sector                     Date               % capital        EV                                Investors                 Article by BeBeez
                                               2018                                         or diluted
Lanificio dell'Olivo                                                                        Gradiente and Taddeucci       Ethica Global
                         Textile                 20,1   04/02/2020      100,00%
spa                                                                                      15 family                        Investments               BeBeez
                                                                                                                          Orienta Partners and
LMA                      Metalmechanics        24,5*    04/11/2020           min.        nd Boscolo family                private investors         BeBeez
                         Internet and e-                                                                                  Ortigia Investments
Mediashopping            commerce              16,4*    04/11/2020      100,00%          nd RTI (Mediaset group)          and private investors     BeBeez
                                                                                            Federico Soncini Sessa,
MIA Platform             Software & ICT          3,7*   23/10/2020           min.        nd Giulio Roggero                Growth Club Capital       BeBeez
                                                                                                                          Private investors club
Pietribiasi                                                                                 Mario and Antonio             deal organised by Deal
Michelangelo             Metalworker             11*    07/12/2020        70,00%         nd Pietribiasi                   Source Italia             BeBeez
                                                                                                                          Club deal organised by
                                                                                                                          Cherry Bay Capital
Poggipolini              Metalworker           15,1*    02/06/2020         min. a        nd Poggipolini family            Group                     BeBeez
                                                                                                                          Ethica Global
Restiape                 Plastics                 7,6   31/01/2020        67,50%         nd Clara Poli, Noel Murray       Investments               BeBeez
                                                                                                                          Cold Chain Capital
Roen Est                 Metalworker             35,7   05/02/2020      100,00%          nd The D.E. Shaw Group           Holdings Europe           BeBeez
                         Media &                                                                                          Carlo De Benedetti
Skira                    entertainment           11,3   26/05/2020        22,50%         nd Massimo Vitta Zelman          and Massimo Moratti       BeBeez
                                                                                                                          Francesco Baggi
                                                                                                                          Sisini, Gerardo
                                                                                                                          Braggiotti, Investitori
                                                                                                                          Truck, Vitaliano
Spare Partners           Automotive                 -   21/04/2020      100,00%          nd newco                         Borromeo Arese            BeBeez
                                                                                                                          Cherry Bay Capital
Tecnomatic               Metalmechanics        30,2*    23/10/2020           min.        nd Giuseppe Ranalli              and private investors     BeBeez
                         Fashion,                                                           Mario Righes, Luca
                         Luxury &                                                           Meneghin, Caterino
TrisOttica               Design                22,6*    21/10/2020        75,00%         nd Coppe, Ruggero Stramare       VeNetWork                 BeBeez
Total club deal 20

                 January 2021 - EdiBeez srl - operational headquarters Corso Venezia, 8 - 20121 Milan - registered office Corso Italia, 22 - 20122 Milan          23
Business combination with Spac
                                                                                                                                                           Article
                                                Revenue                       %                Who sold
Company                    Sector                        Date                            EV                                 Investors                      by
                                                  s 2018                  capital              or diluted
                                                                                                                                                           BeBeez
Franchi Umberto
Marmi                  Manufacturing                65,2* 05/10/2020      20,30%         290 Franchi family                 The Spac                       BeBeez
Total business combination with Spac 1

Restructuring or special situation operations
                                                                                                                                                           Article
                                                Revenu                        %                Who sold
Company                  Sector                         Date                             EV                                 Investors                      by
                                                es 2018                   capital              or diluted
                                                                                                                                                           BeBeez
Acque Minerali                                                                                                              Clessidra sgr, Magnetar
d'Italia (A)             Food                     102,5* 23/12/2020       80,00%          nd Pessina family                 Capital                        BeBeez
Corneliani               Fashion                     108 23/07/2020      minority         nd Investcorp,Corneliani fam. MISE                               BeBeez
Fenice Holding           Real estate                  nd 11/12/2020 100,00%               nd group of banks                 Negentropy Capital             BeBeez
                                                                                                                            Angelomario Moratti and
Inca Cosmetici srl       Chemistry                  26,1 22/04/2020 100,00%               nd Faverio family                 managers                       BeBeez
                                                                                                                            Cheyne European Strategic
Irplast                  Plastics                  97,1* 16/09/2020      majority        100 credit conversion              Value Credit Fund              BeBeez
Kipre                    Food                         nd 28/10/2020 100,00%               nd Dukcevich family               Wrm Group                      BeBeez
Mare Nostrum Romae Entertainment                      nd 22/10/2020       90,00%          nd Domenico Ricciardi             Zetland Capital                BeBeez
Bulk carrier LDN
                                                           06/10/2020 100,00%                  Liberty Navigation           Taconic Capital
Fortuna             Shipping&Logistics                nd                                  nd                                                               BeBeez
Officine Maccaferri
spa (A)             Construction                   490* 22/05/2020        96,00%          nd Seci (Maccaferri family)       Carlyle and co-investors       BeBeez
                                                                                             Felix srl (Tabacchi family
Perini Navi              Luxury                      55* 30/10/2020 100,00%               nd and Lamberto Tacoli)           Blue Skye,Arena Investors      BeBeez
Pieralisi Maip           Metalworker                 100 22/06/2020 51,00%                nd Pieralisi family               Idea CCR II                    BeBeez
                                                                                             families Bottiglieri, Rizzo,
Rbd Armatori spa         Shipping, transport               24/01/2020                                                       Reuben Brothers
                                                      nd                  75,00%          nd De Carlini                                                    BeBeez

                 January 2021 - EdiBeez srl - operational headquarters Corso Venezia, 8 - 20121 Milan - registered office Corso Italia, 22 - 20122 Milan             24
Article
                                               Revenu                        %               Who sold
Company                 Sector                         Date                             EV                                Investors                       by
                                               es 2018                   capital             or diluted
                                                                                                                                                          BeBeez
                                                                                                                          Clessidra sgr and Magnetar
Sisma spa (A)                                      57,2 31/03/2020 100,00%
                        Manufacturing                                                    59 Lotti family                  Capital                         BeBeez
                                                                                            Trevisani family, MTA
Trevifin               Other services            624* 30/05/2020 100,00%                 nd market                FSI, Polaris Capital, banks             BeBeez
Zoom Immersive         Media&Entertainme
Experience             nt                          7,4 16/11/2020 majority         nd Casetta family              Magnetar Capital                        BeBeez
Total restructuring or special situation 15 - Note: A = announced but pending green light from creditors and/or Court approval

Investments in energy production facilities
                                                     Revenues                          %                                  Who sold
Company                           Sector                                   Date            EV                                                          Investors
                                                     2018                          capital                                or diluted
14.5 MW photovoltaic plants in
Lombardy, Umbria and           Energy &                                                   Susi Sustainable Energy and
Piedmont                       Utilities               02/03/2020      100,00%         nd Plenium Partners            Tages Helios II                  BeBeez
                               Energy &                                                   jv Canadian Solar-Manni
5 photovoltaic systems         Utilities               27/03/2020      100,00%         nd Energy                      Sonnedix (JP Morgan)             BeBeez
a biomethane production plant Energy &
in Lombardy                    Utilities               03/06/2020      Maj-Gen         nd Lazzari & Lucchini              Green Arrow                  BeBeez
a photovoltaic system of about Energy &
2MWp                           Utilities               20/07/2020      100,00%         nd Vei Green                       ForVei II                    BeBeez
                               Energy &
photovoltaic system in Abruzzo Utilities               20/07/2020      100,00%         nd Vei Green                       ForVeiII                     BeBeez
3 MW photovoltaic plants in    Energy &
Apulia                         Utilities               27/07/2020      100,00%         nd Melfin                          Sonnedix (JP Morgan)         BeBeez
                                                                                                                          Ubs Asset Management
                                  Energy &                                                FPCI Infragreen III and         Ltd ed Econergy
18.4 MW photovoltaic plants       Utilities            30/07/2020      100,00%         nd Econergy Systems                Renewable Energy             BeBeez
2 power stations in Parma and     Energy &
Udine                             Utilities            07/09/2020      100,00%         3,8 nd                             Renaio Infrastruktur-Fonds BeBeez
10 MW photovoltaic systems        Energy &             28/09/2020      100,00%         nd InfraRed Capital Partners       SR Investments               BeBeez

                January 2021 - EdiBeez srl - operational headquarters Corso Venezia, 8 - 20121 Milan - registered office Corso Italia, 22 - 20122 Milan             25
Revenues                          %                                  Who sold
Company                         Sector                                   Date            EV                                                         Investors
                                                   2018                          capital                                or diluted
                                  Energy &
a 1.3 MW photovoltaic plant       Utilities          29/10/2020      100,00%         nd Genergy                         Sonnedix (JP Morgan)        BeBeez
Bisaccia Wind and Torretta        Energy &                                                                              Cubico Sustainable
Wind (16 MW)                      Utilities          03/11/2020      100,00%         nd Carlo Maresca Group             Investments                 BeBeez
                                  Energy &
4 photovoltaic systems in Sicily Utilities           12/11/2020      100,00%         nd ICS                             Sonnedix (JP Morgan)        BeBeez
23 photovoltaic plants of         Energy &                                              Energy 1 fund (EOS
around 17 MW                      Utilities          13/11/2020      100,00%         nd Investment Management)          Obton                       BeBeez
photovoltaic systems in           Energy &                                              Horus Green Energy
Piedmont and Basilicata           Utilities          02/12/2020      100,00%         nd Investment                      Sonnedix (JP Morgan)        BeBeez
200 MW of wind farms and          Energy &
projects in Italy                 Utilities          07/12/2020       majority       nd Engie                           Predica Energies Durables   BeBeez
                                  Energy &
10 MW Fast Reserve Project        Utilities          14/12/2020      100,00%         nd Terna                           F2i (Solar EF)              BeBeez
a 4.5 MW photovoltaic plant in Energy &
Sicily                            Utilities          22/12/2020      100,00%         nd nd                              Tages Helios II             BeBeez
43 Italian photovoltaic plants of Energy &
33 MW                             Utilities          22/12/2020      100,00%         nd E2E                             Obton                       BeBeez
2 MW photovoltaic systems in Energy &                                                   Glaros srl and Leonardo
Emilia-Romagna                    Utilities          22/12/2020      100,00%         nd Energy Ltd                      Sonnedix (JP Morgan)        BeBeez
15 4.3 MW photovoltaic plants
on public buildings and           Energy &
greenhouses in Sardinia           Utilities          31/12/2020      100,00%         nd Equiter                         Tages Helios II             BeBeez
Total investments in renewable energy plants 22

Divestments from renewable energy installations
                                                   Revenues                      %                              Who sold
Company                        Sector                                    Date        EV                                                             Investors
                                                   2018                      capital                            or diluted
20.4 GWh wind farm in        Energy &                                                Equiter Energia and Barone
Castelpagno                  Utilities           17/12/2020          100,00%     nd Costruzioni                 A2A                                 BeBeez
Total divestments from renewable energy plants 1

              January 2021 - EdiBeez srl - operational headquarters Corso Venezia, 8 - 20121 Milan - registered office Corso Italia, 22 - 20122 Milan           26
Disinvestments (hypo, ABB, trade sale or buyback by entrepreneurs)****
                                                   Revenues                                             Who sold                                           Article
Company                   Sector                            Date                  % capital         EV                               Investors
                                                       2018                                             or diluted                                         by BeBeez
                                                                                                        Raptors Holdco (James
                                                                                                        Pallotta), James Pallotta,   Romulus and
                                                                                                        Michael Ruane, Thomas        Remus
                                                                                                        Dibenedetto, Richard         Investments (The
                          Media &                                                                       D'Amore, Starwood            Friedkin Group)
AC Roma                   Entertainment              141,25*      06/11/2020          86,8%         567 Capital Group, market                              BeBeez
Amissima                                                                                                                             Talanx (HDI
Assicurazioni             Financial services               nd     23/10/2020       100,00%           nd Amissima (Apollo)            Group)                BeBeez
Artebianca Natura &                                                                                                                  Panealba
Tradizione                Food                           10,6     13/01/2020       100,00%           nd Alto Partners sgr            Campiello             BeBeez
                                                                                                        Centerbridge (down to
                                                                                                                                     market
BFF Banking Group         Financial services          204,6*      08/10/2020          4,00%          nd 7.9%)                                              BeBeez
                                                                                                        Centerbridge (down to
BFF Banking Group         Financial services          204,6*         03/06/20        10,00%          nd 11.9%)                       MTA market            BeBeez
                                                                                                                                     Fratelli Puri Negri
                                                                                                                                     sapa, Carlo
                                                                                                                                     Clavarino, Cassa
Blue sgr (ex Sator                                                                                        Sator Private Equity       Nazionale del
                                                                                                     nd
Immobiliare sgr)                                                                                          Fund and Unodueerre        Notariato,
                                                                                                                                     Stoneweg sa,
                                                                                                                                     Vertex srl,
                          Financial services               nd     16/07/2020         68,10%                                          Morning Capital       BeBeez
Business unit trasporti                                                                                                              Mermec (Angel
                                                                  06/11/2020       100,00%           nd Sirti (Pillarstone Italy)
Sirti                   Telecommunications                 nd                                                                        Group)                BeBeez
Capital Brands            Electronics                 290***      24/11/2020       100,00%          420 Centre Lane Partners         De' Longhi            BeBeez
                                                                                                        Headway Capital
Castaldi lighting                                                                                                                    Penta group
                          Manufacturing                  15,8     16/07/2020       100,00%           nd Partners                                        BeBeez
                                                                                                                                     First Capital,
                                                                                                          L Catterton Europe         Christian Aleotti,
Cellularline              Electronics                 140,4*      31/12/2020         10,40%          nd                              Alberto L.Tazartes BeBeez

                 January 2021 - EdiBeez srl - operational headquarters Corso Venezia, 8 - 20121 Milan - registered office Corso Italia, 22 - 20122 Milan            27
Revenues                                             Who sold                                           Article
Company                  Sector                            Date                  % capital         EV                            Investors
                                                      2018                                             or diluted                                         by BeBeez
                                                                                                       Sici sgr, Next Holding, X Berni Gamberini
Corpo Vigili Giurati     Other services                 60*      22/12/2020         40,00%          nd Capital                   family                   BeBeez
                                                                                                                                 Bio Initiatives and
                                                                                                       Red Circle
EcorNaturaSì             Retail                      396,1*      27/08/2020         14,00%          nd                           Luisante                 BeBeez
                                                                                                       Fondo Italiano
                                                                                                       d'Investimento (NB
Elco Group               Electronics                      42     14/04/2020         29,76%          nd Aurora)                   Carlo Guidetti           BeBeez
                                                                                                       Vei Capital (Palladio
Finproject                                                                                                                       Versalis
                         Manufacturing                  94,9     27/02/2020         40,00%          nd Finanziaria Holding spa)                           BeBeez
Focus Italia             Retail                         14,9     10/01/2020         45,00%          nd BeMyCompany Capital         Pon Holdings           BeBeez
H-Farm                   Financial services            55,7*     27/08/2020         11,00%          nd Red Circle              Riccardo Donadon BeBeez
                         chain of hamburger                                                                                    Franco Manna and
Ham Holy Burger          shops                           0,4     30/03/2020       100,00%           nd OpCapita (Sebeto Group) Giuseppe Montella BeBeez
Masi Agricola            Food                           65*      15/05/2020          5,00%          nd Alcedo sgr                  Red Circle             BeBeez
New Crazy Colors         Services to companies          10,6     13/02/2020         80,00%          nd Palladio Financial          Cingolani family       BeBeez
                                                                                                       Advent, Bain Capital and
                                                                                                       Clessidra (down to
Nexi                     Financial services          984,1*      28/05/2020          8,80%          nd 43.4%)                      MTA Market             BeBeez
                                                                                                       Bain Capital, Advent
                                                                                                       International and           market
Nexi                     Financial services          984,1*      08/10/2020         13,40%          nd Clessidra (down to 20%)                            BeBeez
                                                                                                       Mutares Holding, Postsl
Nexive Group             Other services                                                                                            Italian Post Office
                                                       19,9*     17/11/2020       100,00%           60 European Mail Holdings                       BeBeez
Pastificio di                                                                                                                   San Remo
Chiavenna                Food                           13,5     11/02/2020         24,00%          nd Alto Partners sgr        Macaroni Group      BeBeez
                                                                                                                                Commercial Steel
Raccortubi               Metalmechanics                 62,8     26/10/2020         24,50%          nd Synergo Capital          Tubes               BeBeez
                                                                                                                                CarSafe
Belron Italy bodywork                                                                                  Clayton Dublier Rice and (Mucciante family
asset (Carglass and                                                                                    D'Ieteren (Belron)       and Lercari family)
Origlass)             Automotive                          nd     17/12/2020       100,00%           nd                                              BeBeez

                January 2021 - EdiBeez srl - operational headquarters Corso Venezia, 8 - 20121 Milan - registered office Corso Italia, 22 - 20122 Milan            28
Revenues                                             Who sold                                           Article
Company                   Sector                            Date                  % capital         EV                              Investors
                                                       2018                                             or diluted                                         by BeBeez
Ramo IT e R&S                                                                                           Corvallis (Alkemia
                                                                                                                                    Tinexta
Corvallis                 Software & ICT                   nd      13/10/2020        70,00%          nd Capital Partners)                                  BeBeez
Savio Macchine
                                                                                                          Alpha Private Equity      Vandewiele
Tessili                   Metalworker                   260*       31/12/2020      100,00%           nd                                                    BeBeez
                                                                                                        Fondo Agroalimentare
Sfoglia Torino                                                                                                                      Perrino family
                          Food                           26,3      22/01/2020       minority         nd Italiano                                           BeBeez
                                                                                                        Sinergo sgr and
                                                                                                        Alessandro Mennucci
Toscotec                  Metalworker                   148,1      14/05/2020        90,00%          nd (who holds 10%)             Voith GmbH             BeBeez
Unieuro                Retail                      1873,8      23/01/2020     17,60%          nd Rhone Capital             market             BeBeez
Total divestments 30 - Note ****: trade sale = sale to industrial company; ABB = accelerated bookbuilding; divestments to funds are included under direct
investments

                                                            The data in this report are extracted from

                                                                http://www.privatedata.bebeez.it/en

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                 January 2021 - EdiBeez srl - operational headquarters Corso Venezia, 8 - 20121 Milan - registered office Corso Italia, 22 - 20122 Milan            29
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