Minnetonka, MN– APPLIED Adhesives, a premier adhesive solutions provider in North America, today announced that it has completed its acquisition of Engineered Adhesive Systems (EAS), a North American supplier of adhesives and adhesive dispensing equipment solutions located in Grandville, MI. This acquisition strengthens the Company’s commitment to providing industry-leading products, technical expertise, and relentless service to its customers.

“Engineered Adhesive Systems shares APPLIED’s commitment to providing customized adhesive and equipment solutions that support our customers’ unique needs and continued growth,” said John Feriancek, President and CEO of Applied Adhesives. “We are pleased to welcome Engineered Adhesive Systems’ to the APPLIED team and look forward to continuing to deliver outstanding service, support, and expertise to all of Engineered’s customers.”

“Engineered Adhesive Systems built its customer base on unmatched service and personal relationships with our customers. During a new era where these seem to be taking a back seat, we have been able to expand with a company that shares our same values and goals,” said Josh Lambert, President of Engineered Adhesive Systems. “Our existing and new customers will be pleased with the service and attention that they will continue to receive daily from APPLIED. We look forward to a bright future with a service-oriented partner.”

About APPLIED Adhesives
APPLIED Adhesives, founded in 1971, is a premier custom adhesive solutions provider in North America. The company is a value-added distributor of hot melt, water-based, and reactive adhesives as well as dispensing equipment. APPLIED Adhesives serves as a critical supply chain partner to leading adhesive manufacturers and formulators by offering reach and high service levels to an expansive customer base. For more information, please visit appliedadhesives.com or find us on LinkedIn.

About Engineered Adhesive Systems
Engineered Adhesive Systems, founded in 2007, has been solving adhesive & dispensing problems by taking the time to understand customers’ needs and delivering trusted solutions. The company prides itself on implementing adhesive solutions that are fully customized, no matter the complexities. For more information, please visit engineeredadhesivesystems.com.

APPLIED Adhesives Media Contact:
David Posadas
Vice President of Marketing
dposadas@appliedproducts.com

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