Clearview Capital Fund III, L.P. (“Fund III”), an affiliate of Clearview Capital, L.P.
(“Clearview Capital”), today announced the sale of its majority interest in NCL
Acquisition Corp. and its subsidiaries (collectively “Elevation Labs” or the “Company”),
a leading formulator and manufacturer of premium beauty products. The transaction
closed on June 30, 2022.

With a reputation for exceptional product quality and breakthrough innovation,
Elevation Labs provides extensive formulation and filling capabilities to more than 100
industry-leading beauty brands across more than 80 distinct product categories. The
Company operates state-of-the-art facilities in both Idaho Falls, Idaho, and Denver,
Colorado, with a deep bench of experienced chemists and lab technicians. With more
than 20 manufacturing certifications and end-to-end capabilities spanning product
formulation, sourcing, regulatory support, logistics, manufacturing, and packaging,
Elevation Labs is a go-to provider for complex and innovative products. The Company
has further distinguished itself with its commitment to ESG through a variety of key
initiatives, including powering its facilities entirely with renewable energy.

“We initially invested in Elevation Labs with the goal of creating a leader in the
prestige and natural beauty market. Through a combination of strategic add-on
acquisitions, investments in new and upgraded facilities and state-of-the-art
equipment, and the addition of several key management team members, Elevation
Labs has achieved this goal. The Company is now widely known as a premier
formulator and developer for some of the world’s most dynamic, high-growth beauty
brands,” said Bill Case, Managing Partner of Clearview Capital. “Under Fund III’s
ownership, Elevation Labs’ revenue and EBITDA more than tripled.”

“Clearview Capital has been a trusted and valuable strategic partner for our management team,” commented Michael Hughes, Elevation Labs’
CEO. “The Clearview team understood and supported our vision for the Company and provided the necessary resources to allow us to achieve
our goal of delivering Phenomenal Customer Experiences every day, including making significant investments to expand our capabilities, build
our team and pursue our strategic growth initiatives. We are grateful for their support and partnership.”
“The sale of Elevation Labs marks our seventh successful exit from Fund III,” commented Calvin Neider, Managing Partner and Co-Founder of
Clearview Capital. “We want to credit Michael Hughes and the entire Elevation Labs team for their impressive accomplishments, leadership,
and dedication in helping us build a world-class company. We wish all the best for this team and the Company as it moves to its next phase of
growth.”
Elevation Labs and Clearview Capital were advised by William Blair & Company, L.L.C. and Alston & Bird LLP.

About Elevation Labs
Elevation Labs is a leading formulator and manufacturer of premium skincare, haircare and color products, focused on exceptional product
quality, breakthrough innovation and an unwavering commitment to solving client challenges. Headquartered in Idaho Falls, Idaho, the
Company offers custom development and comprehensive contract manufacturing solutions in both traditional and high-performance clean
beauty. Since 2018, more than 170 products innovated by Elevation Labs in collaboration with partner brands have been recognized by Allure
and other beauty awards around the country. For more information, please visit www.elevationlabs.com.
About Clearview Capital
Founded in 1999, Clearview Capital is a private investment firm specializing in the acquisition and recapitalization of lower-middle market
companies in North America in the business services, healthcare services, consumer, manufacturing and specialized distribution sectors. Since
inception, the Clearview Capital team has completed more than 150 transactions in a wide variety of industries. Clearview Capital is currently
making investments from Clearview Capital Fund IV, L.P. and its affiliate, a $550 million vehicle. The firm is headquartered in Stamford,
Connecticut and has an additional office in Los Angeles, California. For more information, please visit www.clearviewcap.com.

Anders Invest has today completed a 100% participation in the Noord Nederlandse Draadindustrie (NNDI) from Dokkum. NNDI specializes in the production of wire for a wide range of industrial applications, including reinforcing steel. NNDI has a turnover of approximately €50-55 million and employs more than 55 employees.

NNDI is a continuation of the Leeuwarden Wire Industry, which was founded in 1928. The company has developed into a specialized production company for the production of drawn bare wire and reinforcing steel on coils and bars. The company also produces wire nails. Bare wire is used, for example, in hinge pins, car seats, wire baskets, nails, suspension brackets and shopping trolleys.

NNDI has a spacious and modern production facility in Dokkum. Due to the variety of finishing operations, flexibility in the machinery and qualified employees, NNDI is able to quickly serve customers with deviating wishes regarding finishing, dimensions and order size. Customers throughout Europe are served from Dokkum.

Anders Invest has acquired its interest from the current owners of NNDI and will continue to work actively with the current management to continue the growth and further professionalize the organization.

Proprietary technology to reproduce structured surfaces and optical devices is used in a wide array of industries

June 30, 2022

Bolton, MA- Headwall Photonics,a leading manufacturer of master holographic gratings, spectrographs, and spectrometers for OEM customers, announced today the acquisition of Holographix LLC. For over 25 years Holographix has focused on micro- and nano-structure replication of high performance, custom designed photonic solutions for the life sciences, semiconductor, aerospace & defense, and metrology markets.

“Headwall’s holographic master gratings are core to both our OEM and Hyperspectral Imaging businesses,” stated Don Battistoni, President of Headwall. “Adding Holographix’s replication technology immediately opens channels to new customers and markets as well as new products and capabilities for existing customers of both companies, while expanding our manufacturing capabilities to address future growth. Further, the added ability to fabricate high precision micro-lens arrays, structured diffusers, waveguides, and replicated mirrors facilitates value-add within our current customer base and opens the door to adjacent high-volume applications.”

“Headwall’s mastering expertise and Holographix’s replication capabilities go hand-in-hand. Therefore, it is clear to us that Headwall is the perfect complementary partner for Holographix,” David Rowe, President and CEO of Holographix added. “In addition to the close geographic proximity of our respective manufacturing facilities, Headwall and Holographix share a common company culture that is committed to excellence for our customers. Access to Headwall’s master holographic gratings and OEM assembly capabilities, as well as their commercial infrastructure, will help Holographix realize the inherent scalability of our replication technology.”

About Headwall
Headwall, headquartered in Bolton, MA, designs and manufactures hyperspectral solutions and technologies for the industrial, government, academic, and research end markets. The company’s products operate across the spectral range to analyze complex hyperspectral images and provide actionable insights to its customers. For more information, please visit www.headwallphotonics.com

About Holographix
Holographix LLC produces state-of-the-art structured surfaces and optical devices that are used in a wide array of industries including life sciences, semiconductor, aerospace, display, telecommunication, and precision measurement. The company’s proprietary replication technology enables high performance, yet lower-cost, components for OEM customers. Holographix’s 15,000 square foot facility in Marlborough, MA is equipped with high-end coating and sputtering systems, metrology instrumentation, and a variety of custom cleanrooms to accommodate high-volume manufacturing. For more information, please visit www.holographix.com

For more information, please contact:
Ross Nakatsuji
Headwall Marketing Communications Manager
580 Main Street
Bolton, Massachusetts 01740
Tel: +1-978-353-4051
E-Mail: rnakatsuji@headwallphotonics.com

Alkegen acquires controlling ownership in leading Chinese specialty materials platform

BUFFALO, N.Y. and SANTA MONICA, C.A. – June 28, 2022 – Alkegen, one of the largest specialty materials platforms in the world that provides high performance materials used in advanced applications such as filtration media, battery technologies, high temperature insulation and fire protection, announced today that it has successfully completed a tender offering resulting in Alkegen obtaining a controlling ownership interest in Luyang Energy-Saving Materials Co. Ltd. (“Luyang” or the “Company”), a Shenzhen A-share listed platform headquartered in Yuquan, Shandong province, China.

Luyang produces energy-saving materials in the fields of ceramic fibers, soluble fibers, alumina fibers, and other high temperature insulating materials, and has been partnered with Alkegen since 2015.

“From the very start of our partnership with Luyang seven years ago, we have been continuously impressed by the Company’s management team and their ability to deliver on financial and commercial performance targets” said John Dandolph, President and Chief Executive Officer of Alkegen. “With this increased investment, we plan to leverage Luyang as our platform in Asia to extend and cross-sell many of Alkegen’s other products and technologies that are core to the strategic direction of our global economy. These include systems that are defining our collective future such as filtration media, battery technologies, electric vehicle products, and specialty insulation materials. We are excited to continue investing in Luyang and deploying the Company’s resources to help our customers live greener, breathe easier, and go further than ever before.”

“This transaction marks another milestone in Alkegen’s journey toward becoming the global leader in advanced materials focused on lowering energy usage, reducing emissions and pioneering innovative solutions for the future of attractive high growth industries such as lithium-ion batteries and advanced filtration,” said José E. Feliciano, Co-Founder and Managing Partner, and Colin Leonard, Partner and Managing Director, at Clearlake.

“We couldn’t be more excited to sponsor John and the Alkegen team in this complex, transformative transaction that we believe will create meaningful value for customers and stakeholders globally, and is a great example of Clearlake’s O.P.S.^® value creation playbook in action,” added Nate Mejías, Principal at Clearlake.

About Alkegen

Alkegen creates high performance specialty materials used in advanced applications including electric vehicles, energy storage, filtration, fire protection and high temperature insulation, among many others. Alkegen’s products are designed with the ultimate goal of saving energy, reducing pollution, and improving safety for people, buildings and equipment by delivering on our mission of helping the world breathe easier, live greener and go further than ever before. Alkegen has 75 manufacturing facilities operating in 12 countries with 9,000+ employees globally. More information is available at www.alkegen.com.

About Clearlake

Clearlake Capital Group, L.P. is an investment firm founded in 2006 operating integrated businesses across private equity, credit, and other related strategies. With a sector-focused approach, the firm seeks to partner with management teams by providing patient, long-term capital to businesses that can benefit from Clearlake’s operational improvement approach, O.P.S.^® The firm’s core target sectors are technology, industrials, and consumer. Clearlake currently has over $72 billion of assets under management, and its senior investment principals have led or co-led over 400 investments. The firm is headquartered in Santa Monica, CA with affiliates in Dallas, TX, London, UK and Dublin, Ireland. More information is available at www.clearlake.com and on Twitter @Clearlake.

Media Contacts:

Kristen Weiss

Alkegen

kweiss@alkegen.com

352.424.3169

Jennifer Hurson

Clearlake

jhurson@lambert.com

845.507.0571

Last week Anders Invest realized a 70% participation in Arte Holding from Helmond. Arte is a top player in the production of sustainable worktops in granite, composite, Dekton and ceramics. Arte has a turnover of approximately € 15-20 million and offers employment to 65 employees.

Arte started in 1995 in Deurne and since the move to Helmond in 2001, production has been carried out with high-quality machinery and advanced automation. Arte produces kitchen worktops and stone applications for interior projects. Sale is to a wide circle of kitchen specialists, interior designers and architects in the middle and high segment.

Arte has a modern and highly automated production facility with CNC machines, polishing machines, water jets and robotized transport and storage systems.

The company has a strong eye for sustainability and CSR and has been nominated for the Koning Willem I prize for this. In addition to an independent foundation, Arte has set up a project: ‘Arte Right To Education’ (A.R.T.E.) with the aim of creating a child labor free zone around the quarries where Arte purchases its granite.

Anders Invest acquires its interest from founder and general manager Hugo van Osch. Niels van den Beucken will retain an interest in the company and will manage the company together with new shareholder Froukje van Osch. Anders Invest will continue to work actively with the current management to continue growth and further professionalize the organization.

All employee owners receive significant payouts from their stakes and contribution to C.H.I.’s growth story

Hear from KKR’s Pete Stavros, Co-Head of Americas Private Equity, and C.H.I. Overhead Doors employees discussing employee payouts and shared ownership

NEW YORK & ARTHUR, Ill. – June 24, 2022 – KKR, a leading global investment firm, today announced that KKR has completed the previously announced sale of C.H.I. Overhead Doors (“C.H.I.” or “the Company”), a leader in the garage door industry, to Nucor Corporation.

In connection with closing, all 800 C.H.I. employees have received a substantial cash payout – on average approximately $175,000 – on their equity in the Company. With Nucor’s acquisition, C.H.I.’s leadership team, led by CEO Dave Bangert, is expected to remain in place and continue to run the business under the C.H.I. name.

“We are tremendously proud of everything the C.H.I. team has accomplished over the past seven years and we believe the Company’s future as part of Nucor is equally bright,” said Pete Stavros, Co-Head of Americas Private Equity at KKR and Founder of the nonprofit Ownership Works. “The substantial cash payouts earned by all C.H.I. employees are a testament to the incredible growth and value they have created by showing up every day and thinking like owners. We want to thank all of the employees, community members and strategic partners who have supported this great outcome and contributed to building a movement for greater shared ownership.”

Since 2011, KKR has implemented broad-based employee ownership and alignment programs throughout its portfolio, first throughout KKR’s U.S. Industrials private equity investments and more recently expanding across sectors. To date, KKR has awarded billions of total equity value to over 45,000 non-senior employees across over 25 companies, and has committed to deploying this model in all control investments across its entire Americas Private Equity platform. In April 2022, KKR joined more than 60 organizations in becoming a founding partner of Ownership Works, a nonprofit created to support public and private companies transitioning to shared ownership models.

KKR and C.H.I. were advised by Goldman Sachs as lead financial and M&A advisor, UBS as M&A co-advisor, and Kirkland and Ellis as legal advisor on the transaction.

About KKR

KKR is a leading global investment firm that offers alternative asset management as well as capital markets and insurance solutions. KKR aims to generate attractive investment returns by following a patient and disciplined investment approach, employing world-class people, and supporting growth in its portfolio companies and communities. KKR sponsors investment funds that invest in private equity, credit and real assets and has strategic partners that manage hedge funds. KKR’s insurance subsidiaries offer retirement, life and reinsurance products under the management of Global Atlantic Financial Group. References to KKR’s investments may include the activities of its sponsored funds and insurance subsidiaries. For additional information about KKR & Co. Inc. (NYSE: KKR), please visit KKR’s website at www.kkr.com and on Twitter @KKR_Co.

Contacts

Miles Radcliffe-Trenner

212-750-8300

media@kkr.com

Ratos has signed an agreement to acquire 70% of the consulting company Knightec, thereby entering into a partnership with co-founder and CEO Dimitris Gioulekas. Over the past 12 months, Knightec had sales of SEK 941m, with adjusted EBITA of SEK 140m. The cash-free, debt-free purchase price for 100% of the company (enterprise value) amounts to SEK 1,625m, corresponding to a multiple of 11.6 (EV/EBITA).

Knightec was founded in 2003 and has experienced strong growth ever since, mainly generated organically but also through strategic acquisitions. The company stands out thanks to its rapid rate of change and industry-leading profitability. Through its unique customer offerings and strong community involvement, Knightec has established a strong market position in technology, design and digitalisation of products and services.

“I am impressed by Knightec’s development in recent years, and Ratos is proud to have been entrusted to enter into a partnership with CEO and co-founder Dimitris Gioulekas and thereby contribute to the company’s continued growth. Knightec currently holds a strong position in the market and is an excellent start to our focus on this sector, which will be an important area for Ratos going forward. Through this acquisition, we will gain exposure to the growing consultancy industry, where we already have solid experience,” says Jonas Wiström, President and CEO, Ratos.

“Knightec will remain a driving force in the digital transformation towards sustainable products and services. Our ability to establish partnerships with key customers and partners has been crucial to our success. This partnership with Ratos will create excellent opportunities to continue investing in new areas in order to strengthen our market position and continue to deliver industry-leading growth and profitability,” says Dimitris Gioulekas, co-founder and CEO, Knightec.

With over 800 employees across Sweden, Knightec specialises in advanced projects that straddle technology, design and digitalisation. Its customers include large corporations with a leading position in various sectors, such as automotive, pharmaceutical, medical technology, finance, telecom, media and security.

Financing and impact on Ratos
The acquisition was financed with Ratos’s own funds and bank financing. For the Ratos Group, the acquisition corresponds to a pro forma increase in sales of just over 4% and an increase of 7% in adjusted EBITA for LTM May 2022. The Ratos Group’s leverage in April 2022 amounted to 0.8x EBITDA and will increase pro forma to 1.4x EBITDA. The CEO and other key employees of Knightec will make a reinvestment in conjunction with the transaction, with their holding amounting to approximately 30% of the shares in the company. After a certain period of time and at the earliest in full after five years, both these key employees and Ratos have a customary right to demand that Ratos acquire the shares at market value.

The acquisition of Knightec is conditional on customary competition clearance.

Press briefing
Representatives of the media are welcome to a press briefing at 09.45 a.m. CEST at Ratos’s office, Sturegatan 10 in Stockholm. Participants will be Jonas Wiström, President and CEO at Ratos and Dimitris Gioulekas, CEO at Knightec. It is also possible to participate digitally via Teams. Mandatory registration, contact VP communication Josefine Uppling, +46 76 114 54 21 or e-mail josefine.uppling@ratos.com.

For further information and media contact:
Jonas Wiström, President and CEO, Ratos, +46 76 114 54 21
Dimitris Gioulekas, CEO, Knightec, +46 70 569 96 88
Josefine Uppling, VP Communication, Ratos, +46 76 114 54 21

This is information that Ratos AB is obliged to make public pursuant to the EU Market Abuse Regulation. The information was submitted for publication, through the agency of the contact persons set out above, at 07:00 a.m. CEST on 16 June 2022.

About Ratos
Ratos is a business group consisting of 14 companies divided into three business areas: Construction & Services, Consumer and Industry. In total 2021, the companies have approximately SEK 25 billion in net sales. Our business concept is to own and develop companies that are or can become market leaders. We have a distinct corporate culture and strategy – everything we do is based on our core values: Simplicity, Speed in execution and It’s All About People. We enable independent companies to excel by being part of something larger. People, leadership, culture and values are key focus areas.