Adelis Equity Partners becomes the new majority owner in Knightec together with founders Dimitris Gioulekas and Håkan Jarnbjer. Mr Gioulekas and Mr Jarnbjer remain significant shareholders and will continue in their current roles, CEO and Business Unit Manager Technology, respectively. In conjunction with the transaction, management and other key employees will also become owners in the company. With Adelis as its new partner, Knightec will take the next step in its growth strategy.

Since inception in 2003, Knightec has grown significantly and today employs over 500 consultants with revenues of SEK 500 million. Together with Adelis, Knightec will continue its growth strategy, make necessary investments and position itself as the strategic partner to its customers and preferred employer for its employees.

”We are delighted with Adelis as our new partner. Adelis is an experienced owner who shares our values about entrepreneurship, creativity and teamwork. Their industrial network, experience and track record from developing professional services businesses make Adelis our ideal partner”, says Dimitris Gioulekas, CEO at Knightec.

”We see Knightec’s success story as the result of a unique culture, driven and technically skilled consultants as well as successful leadership. We look forward to developing Knightec into the market leader within product development together with the management team and the rest of the organisation”, says Erik Hallert at Adelis.

The transaction is subject to competition clearance.

For further information:

Dimitris Gioulekas, dimitris.gioulekas@knightec.se, +46 705 699 688

Erik Hallert, erik.hallert@adelisequity.com, +46 709 36 80 41

About Knightec

Knightec is a fast growing consultant company offering engineering specialist services for an increased product profitability, from idea to quality assured product. Knightec operates within Automotive, Life Science, Defense, Energy, Packaging and Machinery. Our vision is to drive change in the consultancy business by introducing new business models based on customer value. For further information please visit www.knightec.se/en .

About Adelis Equity Partners

Adelis is an active investor and partner in creating value at medium sized Nordic companies. Adelis was founded in 2012 with the goal of building the leading middle market investment firm in the Nordics. Adelis’ team members have extensive Private Equity experience, have invested in over 50 companies and have been members of the board in more than 50 middle market companies. Our current fund size is approximately €400 million. For more information please visit www.adelisequity.com .

Polaris Private Equity Fund III (“Polaris Fund III”), managed by Polaris Capital Group Co., Ltd. (“Polaris”), has agreed with Mitsui Matsushima Co., Ltd. on the sale of all of the shares of Clean Surface Technology Co., Ltd. (“CST”) (with 100% of the voting rights) owned by Polaris Fund III and other shareholder to Mitsui Matsushima Co., Ltd. and signed Share Purchase Agreement today.

Since its inception as Japan’s first specialist mask blank maker in 1977, CST has been manufacturing and distributing mask blank components to major photo mask manufacturers in Japan and abroad which in turn will be used to manufacture various end products such as LCDs, semiconductors and OLED and enjoys a high market share as one of the leading supplier in its field.

CST has accumulated globally top-notch technologies and know-hows through operating for many years within-house production of manufacturing machines/devices and secured a very high market shares in mask blanks for super-large LCDs and OLEDs. We expect a steady growth of the demand for mask blanks to be used in both LCDs and semi-conductors as well as a rowth of new market for super-large LCDs and OLEDs.

Polaris has decided to proceed with the sale since CST will be able to continue to grow by keeping its leading position in the mask blanks market through developing more advanced technologies and new products and accelerate its growth strategies as a core member of Mitsui Matsushima Group for creating a higher corporate value in the future.

The share transfer is expected to be completed on February 1, 2017.

For inquires:

Naohiko Ohno

Senior Vice President

Polaris Capital Group Co., Ltd.

Frankfurt / Übach-Palenberg, October 28, 2016.
Ardian, the independent private investmentcompany, today announces that it has signed an agreement with Cinven to acquire SLV, a provider of lighting fixtures for the residential and commercial space.
The parties have agreed not to disclose details of the transaction.The completion of the transaction is
subject to the approval of the responsible antitrust authorities.

Founded more than 35 years ago and headquartered in Übach-Palenberg Germany, SLV has
experienced significant growth over the past decades and became a leading provider of lighting fixtures
in its core markets. With its assets-light business model, SLV offers its customers a diversified and innovation-
driven product offering from functional towards decorative lighting fixtures for indoor and outdoor use with
immediate availability of its products. Cinven acquired SLV in May 2011 from its founder and HgCapital
and strengthened SLV’s management team with the appointment of a new CEO, Robert Fellner-Feldegg, in
February 2014 and the appointment of Jens Aertgeerts as new CSO. With the support of Ardian as an
international and financially strong partner, SLV intends to continuously innovate its diversified productportfolio, strengthen its market leading position in Germany, further develop its international footprint and
exploit the opportunities of digitalization and online sales channels. The company’s growth is aimed to be
realized both organically as well as through selected acquisition opportunities in its fragmented market.

Verwater, the global provider of industrial and petrochemical plants, confirms that it is in advanced talks with mid-market private equity fund Bregal Fresh Stream ( “Fresh Stream”) with respect to an investment in dilutive.

If these talks result in an agreement, it is anticipated that Fresh Stream will join as a shareholder in Verwater and Verwater Industrial Services. Independent investment Infestos, the current majority shareholder, which has invested in Verwater in 2014, will retain a significant share of Verwater and continue to play a role in the further operational development of the Group. All current minority shareholders will remain investors in the company.

An investment in Verwater would mark the next step in the continued growth of the company, after Infestos together with the operational board and the management team has implemented a successful turnaround in the past two years, making the company has stabilized and a solid platform for offers further growth.

• EQT Opportunity sells TitanX, a leading company in the global truck cooling market

• During EQT Opportunity´s ownership, TitanX has been developed from a carve-out of three factories to a global technology leader in the engine and oil cooling space

Tata AutoComp Systems Ltd (“Tata AutoComp”), EQT Opportunity (“EQT”) and Fouriertransform (“Fourier”) have entered into an agreement whereby Tata AutoComp will acquire TitanX Engine Cooling (“TitanX” or “The Company”).

TitanX is a world leading supplier of powertrain cooling solutions for commercial vehicles. The Company serves most of the western world’s OEMs, including Volvo Trucks, Scania, Iveco and Daimler. TitanX has a yearly turnover of SEK 1.6 billion and manufactures in Sweden, USA, Mexico, Brazil and China.

Tata AutoComp is part of the Tata Group of India, a conglomerate which includes companies such as Jaguar Land Rover in UK and Daewoo Motors in Korea. Tata AutoComp is one of India’s leading vehicle component groups with customers across automotive sectors, from passenger cars to heavy duty trucks and agriculture vehicles.

“Under EQT and Fourier’s ownership, TitanX has developed from a carve-out of three factories to a renowned and leading player in the global truck cooling market” says Magnus Hillestad, Director at EQT Partners and Investment Advisor to EQT Opportunity. “EQT is proud to sell TitanX to Tata AutoComp, a great strategic owner for the continued development and growth of TitanX.”

With Tata AutoComp as a new owner, TitanX will be able to leverage their Asian presence by establishing relationships with the leading commercial vehicle OEMs in Asia as well as working together with Tata AutoComp’s purchasing and R&D departments to drive efficiency and new product innovations.