The management of Verasol Holding B.V. ( “Verasol” ) and AAC Capital ( “AAC” ) today announced the acquisition of Verasol from Committed Capital. Verasol is a successful and fast growing manufacturer of residential verandas, garden rooms and carports in the Netherlands and Germany, with the ambition to become the leading European brand in residential outdoor living. With AAC as a new partner, management of Verasol look forward to accelerate its growth by leveraging on AAC’s extensive experience in brand development and roll-out strategies. The management team of Verasol, led by CEO Cor den Hartogh, will invest alongside AAC.

Verasol develops and produces made-to-order aluminium verandas, garden rooms, window frames, glass sliding systems, carports and accessories under the Verasol brand. The company was founded in 2001 with headquarters in Helmond (The Netherlands) and operates a state-of-art production facility and distribution centre in Wachtendonk (Germany). Over the last years, sales grew double digit supported by the consumer trend to spend more time outside and extend the outdoor season, through extending residential outdoor living space with high comfort levels. The company realizes EUR 25 million in sales and employs ca. 110 employees. Verasol’s distinguishes itself by a complete range of high quality products and related service, at attractive prices. Custom-fit finished products are delivered through selected dealers and own stores, primarily in the Netherlands and Germany.

This is the fifth platform acquisition for AAC’s Benelux focused Fund and fits AAC’s strategy to invest in companies with strong international growth potential.

Cor den Hartogh, CEO Verasol, says:

“Together with Committed Capital and the founder Mr. B. Verhoeven we have successfully expanded our product range and set up a new production facility. AAC’s investment is a validation of the course we have embarked on. In AAC we find a like-minded partner, who shares our ambition for strengthening the Verasol brand and accelerating international growth both in own stores and the dealer network. We have the ambition to become the leading brand in residential outdoor living in selected European countries including the Netherlands, Germany, France, Belgium and the UK. ”

Marc Staal, Chairman at AAC, says:

“We are very excited to have the opportunity to invest in Verasol alongside management. Cor den Hartogh and his team have built a solid business with a broad product portfolio of quality products, lean business processes and dual distribution strategy. We look forward to working with them and using our network and expertise to support the company in its next growth phase”

Albert van der Wal, Partner Committed Capital, says:

“During our investment period we have replaced the founder of Verasol by a new management team. Together with this team we implemented the dual distribution strategy, expanded to Germany, Belgium and France and set up the own production facilities in Germany. This all led to a strong growth of the business. We thank the management team of Verasol for the fruitful and pleasant cooperation and wish Verasol all the best with the new shareholder and the continued growth ambitions.”

Notes to Editors

About Verasol Holding B.V.

Verasol was founded by in 2001 and has grown to become a quality brand for outdoor living. Verasol produces 6.500 garden rooms on an annual basis and employs ca. 110 employees. The company sells a wide range of products in the Netherlands, Germany, France and Belgium through its own store network, selected dealers and distributors.

www.verasol.nl

About AAC Capital

With offices in Amsterdam and Antwerp, AAC is a leading Benelux mid-market buy-out firm, which has to-date completed 31 management buyouts. It targets opportunities for majority stakes in profitable, cash-generative companies headquartered in the Benelux. AAC’s deal size is typically between €10 and €150 million, and it is currently investing from its third, Benelux focussed fund. AAC is a growth-oriented investor, with such companies in its portfolio as Desotec, Corilus, Lubbers Transport Group and Hobré Instruments.

www.aaccapital.com

Axon Partners Group, through the Amerigo Ventures Pacífico Fund, invests in Boxi through a direct investment in the company Colchones REM S.A.S. with the objective of scaling local production and becoming the reference company within the mattress industry in South America.

Colchones REM is the first eCommerce of mattresses in Colombia and one of the first in the region. Since its inception the company has provided Colombian consumers with the possibility of accessing high quality products at prices below those seen on the market. Starting in 2016, the company turned the business around and developed the vertical Boxi (http://www.boxisleep.com/), which sells its own high-quality mattress manufactured using top technology and materials to provide the best rest and comfort. During 2016, Colchones REM gave a strong boost to its Boxi platform and the company adds several thousand mattresses sold since its inception in 2014.

About this transaction Mr.Alfonso De León, CEO of Axon Partners Group, commented “We are very excited about this transaction. We have closely followed this industry in several regions for some time and we believe that this business model, which we know well, with an interesting growth potential. In addition, the company is led by an exceptional entrepreneur, passionate and veteran in this industry.” This investment reaffirms Axon’s leadership position in the digital ecosystem in the Latin American region where it already has 9 investments made.

As per  Mr.Santiago Varenkow, founder and CEO of the company, he said “With this new investment, by one of the most recognized funds in the region, we can take the company to the next level and revolutionize the rest industry in Colombia and throughout Latin America. Our mission for this new stage is to democratize the good rest and to transform what until now was an unpleasant and boring experience, in an easy, fast, pleasant and even fun experience”.

About Axon Partners Group (www.axonpartnersgroup.com)

Axon Partners Group is a Spanish consulting and investment firm with a VC & PE division that manages funds in Europe, Asia, and Latin America. Through its Amerigo Ventures Private Equity Fund, Axon is actively involved in the digital ecosystem of the Latin American region.

About Colchones REM/Boxi (www.boxisleep.com)

BOXI is a premium mattress designed with the newest technologies and materials available currently. It is the first mattress in Colombia to combine high density foam, memory foam and latex, which recreates the perfect formula that guarantees maximum comfort and the best rest. Thanks to the quality of its materials, it was possible to compress, seal it to the void, roll it and pack it in a small and practical box, which is delivered in less than 2 hours in the city of Bogotá. In addition, innovating and optimizing every link in the supply chain, it was possible to offer this high-end mattress to the third part of the average market price.

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.