Olimpia Partners acted as exclusive financial advisor to Matera in the acquisition of Infotreasury, a banking software company focused on treasury systems. Matera is a leading player in core banking and digital payment solutions in Brazil.

Olimpia Partners acted as exclusive financial advisor to Matera in the acquisition of a majority stake in Cinnecta, a leading-edge AI company renowned for its solutions in customer retention, loyalty and enhancing digital experiences. Matera is a leading player in core banking and digital payment solutions in Brazil

• In July 2023, Olmix Group ("Olmix"), a portfolio company of Motion Equity Partners, acquired a majority stake in Yes Sinergy ("Yes"), a portfolio company of Aqua Capital

– The acquisition represents a partial exit for Aqua Capital, which has been a majority shareholder in the company since 2016

• The Olmix Group is specialized in developing, producing and distributing biosourced solutions to reinforce the natural functions of soils, plant and animal nutrition

– With the acquisition Olmix will reinforce its global business development, positioning as a major supplier of agricultural livestock solutions

– Olmix is poised to expedite its expansion in Latin America and venture into the pet care market, strategically enhancing its array of natural solutions

• Yes is a Brazilian biotechnology company dedicated to the development and commercialization of animal feed additives

– Yes Sinergy’s portfolio includes natural antibiotic-free products based on sugar-cane yeasts. Yes Sinergy serves all livestock species (ruminants, swine, poultry and aquatic organisms), as well as pets

– Through the collaboration with Olmix, Yes will secure the seamless continuation of its growth trajectory, forging a global powerhouse in natural food additives by capitalizing on robust product and commercial synergies

• The strategic alliance reaffirms the company's dedication to innovation and the advancement of solutions derived from biological sources

• In February 2023, 23S Capital completed the acquisition of a minority stake in Ademicon, which already has the presence of the private equity fund Treecorp – The entry of 23S Capital strengthens Ademicon's governance and expansion agenda, combining the long-term investment expertise and governance best practices knowledge of the new partner with the company's 30+ year trajectory – 23S Capital's investment in Ademicon was driven by the company's accelerated growth and positive results in the consortium segment, where it holds a leading position and competitive advantages in a high-growth potential sector. Furthermore, Ademicon's services contribute to democratizing the financial sector by enabling greater access to high-ticket products such as real estate and vehicles • Ademicon was the first investment of a newly launched fund with a capital of R$3.6 billion, created through the strategic partnership between Votorantim and Temasek (a global investor headquartered in Singapore) with the aim of investing in high-growth companies in Brazil • Ademicon was established in 1991 and ranks among the top five companies in the active credit segment, including banks. In 2022, it traded R$12 billion in credits, a 46% increase compared to the previous year and over the last five years, the company has experienced approximately 40% growth, nearly double the market average

• In February 2023, Enghouse Systems Limited (TSX: ENGH) has acquired Mobi All Tecnologia S.A. ("Navita"), a provider of SaaS based Enterprise Mobility Management solutions ("EMM") and telecom expense management (“TEM”)

– Navita was part of the Oria Capital portfolio of companies

– The solutions include Telecom Expense Management (TEM) for controlling and optimizing telecom expenses, Enterprise Mobility Management (EMM) for connecting mobile devices to enterprise workflows/controls and IT Expense Management (ITEM) for managing and optimizing IT corporate expenses

– The solutions ensure the compliant use of mobile assets by its users according to the customers' internal governance policies

• With this acquisition, Enghouse intends to pursue an expansion of this business in Latam through existing and new relationships with other telecom service providers and other partners

• Enghouse Systems is a Canadian publicly traded company (TSX: ENGH) that provides vertically focused enterprise software solutions focusing on contact centers, video communications, healthcare, telecommunications, public safety and the transit market

– Enghouse has a two-way growth strategy that focuses on organic growth and acquisitions

• On December 20th, 2022, Companhia Riograndense de Saneamento (“Corsan”) was auctioned at B3, São Paulo’s stock exchange. The Aegea Consortium was the winner of the dispute with an offer of R$ 4.15 billion

– The Aegea Consortium is led by Aegea with Perfin and Kinea Investimentos as co-investors

– The transaction involves the acquisition of 99.5% Corsan’s shares

– With the transaction, Aegea will promote the investments required to achieve the universalization of sanitation services targets by 2033 in all municipalities served by Corsan - targets established by the new regulatory framework of the sector

– This is the first privatization of a state-owned sanitation company in Brazil, and the goal is to ensure compliance with the new legal framework for basic sanitation in Brazil

• With the acquisition of Corsan, Aegea will operate in 489 municipalities in Brazil distributed in 13 states, providing water and wastewater services to more than 30 million people

– Aegea currently operates in the State of Rio Grande do Sul with a public-private partnership which provides wastewater services to more than 1.6 million people in 9 cities in the metropolitan region of Porto Alegre

• Founded in 2010, Aegea is the leading private operator in the water and wastewater treatment sector in Brazil

• Corsan operates in 317 municipalities in the State of Rio Grande do Sul, providing water and wastewater services to more than 6 million people

• In November 2022, Eliane Revestimentos, a wholly owned subsidiary of Mohawk Industries (NYSE:MHK), announced the acquisition of Elizabeth Revestimentos

– The transaction will create the largest ceramic tiles group in Brazil, the second largest ceramic market in the world

– Elizabeth's advanced ceramic manufacturing assets should improve Eliane's product offering as well as increase its operational efficiency and service capacity

• Founded in 1984, Elizabeth has 4 production units in the Northeast and South regions of Brazil. The company produces ceramic floors and tiles, which are mainly sold to retailers, in home centers and to construction companies

• Founded in 1960, Eliane is one of the main producers of ceramic tiles in Brazil, with 6 productions units that manufacture +40 million m2 of tiles per year. The company has been a wholly owned subsidiary of Mohawk since its acquisition in 2018

• Mohawk Industries (NYSE:MHK) is the global leader in flooring manufacturing, with a portfolio of brands that include American Olean, Daltile, Durkan, Eliane, Felte and Godfrey Hirst

• In June 2022, Matera (“Matera”) completed the acquisition of a majority stake in Onidata (“Onidata”)

– This operation is aligned with Matera's strategy to offer a comprehensive portfolio of core banking products, payment and credit solutions to the Brazilian banking software market

– The deal value was undisclosed

• Founded in 2018, Onidata offers a B2C credit management software for banks and fintechs. The acquisition will also enable Matera to offer specific types of corporate credit solutions such as FINAME

• Matera is the most relevant provider core banking and digital payment solutions in Brazil

– Matera processes more than 1.2 billion Pix transactions per year

– In 2020, Kinea – a Brazilian private equity firm – invested R$100 million in Matera

• Olimpia Partners acted as exclusive financial advisor to SulAmérica in its sale to Rede D'Or in a deal of approximately R$ 15 billion. The transaction sets a landmark in the sector and unites Brazil's leading hospital network with a major insurance provider, creating the largest national private healthcare ecosystem.

• The strategic move was aimed at integrating SulAmérica's robust insurance operations with Rede D'Or's extensive healthcare to enhance the efficiency of service delivery, improve patient care quality, and expand Rede D'Or's footprint in the health insurance sector, reflecting a significant step towards vertical integration in the industry.

• In December 2021, Evino completed the acquisition of Grand Cru (“Company”)

– The private equity firm Aqua Capital was the majority shareholder of Grand Cru since 2014 and concluded the divestment of the asset with the transaction

– The transaction value was not disclosed

• Grand Cru opened its first store in Brazil in 2002 and currently has 110 stores in the country. The Company is the only true omnichannel player in Brazil, operating via 4 business segments: B2B, digital, own stores and franchises

– Grand Cru focuses on premium labels and has a comprehensive and global portfolio

• Founded in 2013, Evino is one of the main e-commerce players in Brazil and has a large subscription club

– With the transaction, Evino will become the third largest wine importer in Brazil

– Both brands will be kept separate as each has loyal and targeted consumers

• In April 2021, Itaúsa S.A. (“Itaúsa”) completed the acquisition of an 8,53% stake in Aegea Saneamento e Participações S.A. (“Aegea” or “Company”) for R$1.3 billion

– Acquisition of 10.2% of Aegea’s ordinary shares, including an 8.32% secondary sale from Grupo Equipav and a capital increase of R$274.8 million

– GIC followed the capital increase (R$64.8 million), maintaining 19.08% of the ordinary shares

– After the closing of the transaction, Aegea’s shareholder structure (ordinary shares) was the following: Grupo Equipav (70.72%), GIC (19.08%) and Itaúsa (10.20%)

• In addition to strengthening Aegea's capital structure, the transaction contributes to the continued improvement in governance and compliance and reinforces the Company's commitment to reduce the sanitation deficit in Brazil

• The acquisition is aligned with Itaúsa’s strategy to invest in strategic partners with long-term vision and proven sector experience and leadership

• Founded in 2010, Aegea is the leading private sanitation concession operator in Brazil

• Itaúsa is one of the largest holding companies in Brazil, controlling several companies in different sectors, including: Itaú Unibanco, Duratex, Alpargatas, Copagaz and NTS

• In June 2021, Topaz (“Topaz” or “Stefanini”) completed the acquisition of a 60% stake in CRK Participações S.A. (“CRK”)

– The acquisition is aligned with Topaz’s recent strategy of acquiring new solutions to its technological banking platform

– The deal value was undisclosed

• With the acquisition, Topaz strengthens its customer base with the addition of more than 100 financial institutions and reinforces its position as a full-banking platform

• Founded in 1985, CRK is the market leader and has a well-recognized brand in the financial treasury management systems segment

• Topaz is the Stefanini Group’s company focused in financial solutions

– The Stefanini Group (17 companies) is present in 40 countries and is one of the main IT companies in the world, with more than 25 thousand employees

• In May 2021, Elfa Medicamentos S.A. (“Elfa”) completed the acquisition of 100% of Anbioton Importadora Ltda. and Natbio Importadora Ltda. (“Grupo Anbioton”) for R$65.2 million

– Additional purchase price contingent to the achievement of certain financial targets

– This transactions is aligned with Elfa’ strategy to increase its presence in the Southeast region of Brazil

• Founded in 2009, Grupo Anbioton is a pharmaceutical distributor to institutional, non-retail healthcare facilities

– Supplier to more than 1,400 private hospitals and 200 public entities in Brazil

• Elfa is a leading pharmaceutical distributor in Brazil focused on the distribution of specialty medicines, generic and branded generic drugs, and hospital materials and high value-added solutions

– Since Patria acquired Elfa in 2014, the company has been leading the consolidation of the distribution sector in Brazil via the acquisition of several regional distributors

• In April 2021, Claranet Technology S/A (“Claranet”) completed the acquisition of Mandic Cloud Solutions (“Mandic”)

– The acquisition is aligned with Claranet’s expansion strategy to become the leader in hybrid cloud, cybersecurity and digital platform’s market

– Riverwood Capital, which has been Mandic’s main investor since 2012, will retain a minority stake in Claranet

– The deal value was undisclosed

• Founded in 1990 by Aleksandar Mandić, Mandic is considered a pioneer in Bulletin Board System (BBS) and Internet in Brazil. Currently, Mandic provides specialized cloud solutions in Infrastructure as a Service and Software as a Service

• Founded in 1996, in England, Claranet was first known as a network provider. The company evolved into a fullservice provider integrating network, hosting and managed application services

– Claranet arrived in Brazil in 2017, through the acquisition of CredibiliT Tecnologia Ltda

– After the transaction, Claranet starts to serve more than 5,000 corporate customers

• In Nov/20, Easynvest concluded the acquisition of Vérios operations

– Easynvest is an independent investment 100% digital platform focused on retail customers

• This transaction expands Easynvest portfolio by adding Vérios robot advisory solutions, within a highly scalable product

– Vérios complementary technology and innovative team will enhance Easynvest’s investment solutions to over one million accounts

• Vérios is an automated financial advisor, with over 8 years of experience

– The only company capable to provide an algorithmenabled individual customization of buy/sell orders

– 100% quantitative based investment portfolio with solid historical risk-weighted returns

– Over R$400 million in assets under management (AuM), over 5 thousand clients with solid deposit recurrence

– Accelerated by Startup Farm in 2017 and in 2018 e.Bricks was leader in its Series A round

• Founded in 1968, Easynvest was one of the first companies to offer financial services through internet. Today it counts with almost R$25 billion of assets under custody and 400 employees

– Broad portfolio offering over 400 products

– Easynvest was an Advent International portfolio company and was recently acquired by Nubank

• In November 2020, Brasil Bio Fuels S.A. (“BBF”) completed the acquisition of 100% of Biopalma S.A. (“Biopalma”)

– The transaction consolidates BBF's integrated business model, adding 56k ha of planted area and 2 crushing facilities in the state of Pará to its portfolio securing fuel supply for all its current and future power generation needs

– Biopalma was acquired from Vale, a multinational publicly traded Brazilian company engaged in metals and mining

• Founded in 2007, Biopalma is Brazil’s largest palm oil producer, with operations in the Vale do Acará and Baixo Tocantins regions (State of Pará)

– In December 2019, Biopalma’s planted area totaled 63 thousand of hectares: 56 thousand hectares on Biopalma land and 7 thousand hectare on third party land operated by families (family agriculture program)

• Founded in 2008, BBF is a Brazilian fully integrated bioenergy producer, with palm production and oil processing, biofuel production and power generation

• On October 27th, Apex Group Ltd and Banco Modal S.A. announced jointly that Apex will acquire Banco Modal’s Alternative Fund Administration business in Brazil following completion of the unit’s spin-off to Banco Modal’s shareholders

• MAF is one of Brazil’s largest alternative fund administration providers with nearly BRL70 billion of assets under administration and custody, servicing some of the largest fund managers in Brazil, including leading global fund managers investing in the country

• Headquartered in Bermuda, Apex Group Ltd. is a global financial services provider and a top 10 global fund administrator, with 45 offices around the world and over 4,000 employees

• This latest acquisition brings the Apex Group to US$1 trillion of assets managed and serviced across its platform, including fund administration, custody, depositary and asset management, and a significant expansion of its franchise in Latin America

• In August 2019, SulAmérica S.A. (“SulAmérica”) announced the sale of its automobile and property & casualty businesses to Allianz Seguros S.A. (“Allianz”) for R$3.0 billion

– The transaction value was based on a net equity of R$700 million

• Founded in 1890 and based in Germany, Allianz Group is among the top three property & casualty insurers globally

– With this transaction, Allianz will become one of the largest insurance companies in the automobile and property & casualty segments in Brazil

– The Allianz investment also illustrates its confidence in Brazil

• The transaction reinforces SulAmérica’s strategic positioning focused on the health, dental, and life and pension segments, as well as its relevant position in asset management

– Furthermore, the transaction will provide additional liquidity to take advantage of organic and inorganic growth opportunities going forward

• Sul América S.A. has agreed to acquire a 25% stake in Órama DTVM through a R$100 million primary capital increase

– The investment will be made by Sul América Investimentos in O10 Participações S.A., Órama’s controlling entity

• Founded in 2011, Órama is a pioneer in offering investment products and services through a digital platform in Brazil

– Órama’s platform is 100% online and serves clients throughout the entire country, and is recognized as one of the most innovative companies in the financial services sector

– Órama’s shareholders include the founders of Ágora, a brokerage firm acquired by Bradesco in 2008, and Grupo Globo, the largest Brazilian media conglomerate

• SulAmérica is the largest independent insurer in Brazil, with over R$20 billion in revenues

– SulAmérica Investimentos is one of the leading independent asset managers in Brazil with over R$40 billion in assets under management

• Sul América S.A. has agreed to sell 100% of its saving bonds portfolio to Icatu for R$100 million with the possibility of an earn-out of up to R$83 million

– The sale is part of SulAmérica’s goal to focus on segments where the Company has competitive advantages and that present higher growth potential

• SulAmérica is the largest independent insurer in Brazil with over R$20 billion in revenues

– Sulacap operates the second largest independent savings bonds operation, being the leader and pioneer of the rent guarantee market

– In 2018, the saving bonds portfolio had R$737 million in collections

• In October 2018, SulAmérica S.A. (“SulAmérica”) announced the acquisition of 100% of Prodent Assistência Odontológica Ltda. (“Prodent”) for R$145.7 million

– This acquisition allowed SulAmérica to add over 400,000 beneficiaries to its dental client base, reaching 1.5 million dental beneficiaries

– The acquisition was concluded in July 2019

• Founded in 1989, Prodent is the eighth largest dental care operator in Brazil

– In 2017, Prodent had operating revenues of approximately R$100.0 million, a oss ratio of 30% and a gross margin of 45%

• SulAmérica, the largest independent insurer and the third largest health and dental care operator in Brazil in terms of revenues, has focused on increasing its dental care segment

– Currently, the company has 2.2 million health insurance members and over 1 million dental beneficiaries

– SulAmérica is a publicly-traded company listed on B3 (SULA) with a market value of R$9.6 billion in October 2018

• In June 2019, Getronics concluded the acquisition of Resource’s South American operations

– Resource is an IT services company focused on system integration and application development

• This transaction expands Getronics presence in the Brazilian and South American ICT markets

– Resource’s platform will allow Getronics to explore its diversified product portfolio in the local markets

– Both companies are focused on the ICT services segment

• Founded 27 years ago, Resource has approximately 3,000 employees

– In 2018, Resource had total revenues of over R$450 million

– Strong presence in the financial sector

– One of the largest Brazilian IT companies, with 15 offices in Brazil and presence in Chile and Colombia

• Getronics is a global ICT service company founded in 1887, with nearly 9,000 employees in 23 countries across Europe, Asia Pacific, North and Latin America

– In 2018, Getronics had total revenues of over US$1.3 billion

• In April 2019, Vivisol announced the acquisition a 85% equity stake at Global Care and Unitcare

– Headquartered in the city of São Paulo, Global Care and Unictcare are home care service providers with combined annual revenues of approximately R$100 million

• The transaction is part of Vivisol’s strategy to expand its operations in Brazil. In addition to the acquisitions of Global Care and Unitcare, Vivisol has announced investments in Brazil of up to R$200 million over the next 5 years

– Vivsol expects that rapid aging population and increasing demand for specialty medical care will continue to boost the home care sector in Brazil

• Vivisol is one of the largest home care providers in Europe. The company operates in Brazil since 2015 leasing medical equipment to local home care providers

– Vivisol is part of the SOL Group, an Italian group with operations in several sectors, such as energy, biotechnology and healthcare. The SOL Group has presence in 24 countries, more than 3,500 employees and generated revenues of approximately €750 million in 2017

• In March 2019, Gávea Investimentos concluded the sale of its minority stake in Chilli Beans

– Caito Maia, Chili Beans’ founder, reacquired the minority stake owned by Gávea Investimentos, which exited after the conclusion of the investment cycle from its fourth fund

• Founded in 1997 by Caito Maia, Chilli Beans sells eyewear, watches and accessories through a wide network of franchises, multi-brand stores and its e-commerce platform

– Chilli Beans is the national leader in the sunglasses market and the second largest company in the overall Brazilian eyewear market

• In October 2018, Mohawk Industries, Inc. (“Mohawk”) announced the acquisition of 100% of Eliane S/A Revestimentos Cerâmicos (“Eliane”) for approximately US$250 million

– This transaction represents Mohawk’s first acquisition in the Brazilian ceramic tile industry

• Located in Cocal do Sul (SC), Eliane is one of the largest manufactures of ceramic tile in the country

– Eliane has a diversified portfolio of products, including wall tile, floor tile, glazed and unglazed porcelain tile and other specialty products

– The company has 4 industrial facilities in Santa Catarina and 1 in Bahia, with total production capacity of over 36 million m2 per annum

– The company’s products are distributed through more than 15,000 points of sale in Brazil

– Eliane is Brazil’s largest ceramic tile exporter, with presence in more than 80 countries

– Eliane had gross revenues of R$942 million in 2017

• Mohawk is the largest manufacturer, distributor and marketer of ceramic tile in the world, with total production capacity of approximately 250 million m² per annum and gross revenues of U$3.4 billion in this segment

– Additionally, Mohawk is a leading global producer of carpet, laminate and sheet vinyl

– In October 2018, Mohawk had a market value of US$11.1 billion

• In September 2018, RGE Pte LTD (“RGE”) concluded the acquisition of Brazil’s pulp producer Lwarcel Celulose from Lwart Group

– Lwarcel will be managed as a member of Bracell Group, which operates RGE’s cellulose businesses in Brazil. Bracell Group will now comprise Lwarcel and Bahia Specialty Cellulose (BSC), one of the largest specialty cellulose producers in the world

– The acquisition is in line with RGE’s strategy to increase its global pulp capacity for competitive advantage

• Founded in 1986 and located in Lençóis Paulista (SP), Lwarcel operates a 250,000 ton pulp mill (eucalyptus)

– The company also has a project to expand capacity to 1 million ton per year

• Headquartered in Singapore, RGE manages a group of resource-based manufacturing companies with global operations. The assets held by RGE companies exceeds US$18 billion

– With more than 60,000 employees, RGE has operations in Indonesia, China, Brazil, Spain and Canada

• In March 2018, Lennox International concluded the sale of its Brazilian subsidiary Heatcraft do Brasil to Elgin

– Lennox International is a publicly traded company (NYSE: LII) and one of the world leading providers of climate control products for heating, ventilation, air conditioning, and refrigeration markets

 Market cap of US$8.3 billion as of March 2018

• The sale is part of Lennox’s divestment of its refrigeration businesses in Australia, Asia and South America in order to focus on its strong market positions in North America and Europe

• With the acquisition of Heatcraft do Brasil Elgin became one of the leading players in the Brazilian refrigeration market

• Located in São José dos Campos (SP), Heatcraft do Brasil has a diversified portfolio of condensing units, racks, evaporators and others

– Heatcraft do Brasil commercialize its products through 3 brands: Bohn, Flexcold and Interlinks

• Elgin manufactures and sells products in the areas of home and office, commercial automation, computing, refrigeration, and furniture. The company, exports its products to Argentina, Venezuela, Paraguay, Bolivia, Colombia, Chile, Peru, Mexico, Saudi Arabia, and African countries. Elgin was founded in 1952 and is based in São Paulo

– In 2016, Elgin had total sales of approximately R$480 million

• In October 2017, the shareholders of Vila Velha negotiated the end of the agreement with Estáter Assessoria Financeira which granted controlling power over Unipar Carbocloro

• Founded in 2003, Estáter is an investment banking boutique in Brazil

• Established in 1969, Unipar Carbocloro is a Brazilian publicly traded company that operates in the chemical sector, focused on the segments of soda, chlorine and derivatives

– The Company is controlled by Vilha Velha, the holding company of the Geyer Abubakir family

– In 2016, Unipar Carbocloro had revenues of R$2.9 billion, EBITDA of R$435.0 million and Net Income of 100.0 million

• In October 2017, U.S. Steel Tubular Producuts sold a 50% equity stake in Apolo Tubulars to Apolo Tubos

– U.S. Steel Tubular Products is an indirect subsidiary of United States Steel Corporation, the leading manufacturer of steel sheets and tubular products in North America

– In 2012, U.S. Steel acquired Lone Star, the former owner of Apolo Tubulars

• Established in 1938, Apolo Tubos is a leading manufacturer of welded steel pipes and tubes utilized in several industries including construction, automotive, agricultural, chemical, petrochemical, sugarcane and, through its subsidiary Apolo Tubulars, oil and gas

– The Company is a subsidiary of GPC (Grupo Peixoto de Castro)

• Formed in 2006 through a joint venture between Apolo Tubos and Lone Star Steel, Apolo Tubulars is the main manufacturer of onshore oil and gas pipes in Brazil

– In 2016, Apolo Tubulars had revenues of R$122.2 million, EBITDA of R$28.2 million and Net Income of 24.2 million

• In July 2016, Merck Animal Health announced an agreement to acquire a 93% equity stake in Vallée for approximately US$400 million

– The transaction was the largest acquisition in the Brazilian animal health industry

– The transaction was closed in March 2017

• With the acquisition, Merck became the leader in the animal health sector in Brazil with combined sales of R$833 million in 2015

• The transaction allowed Merck to return producing the FMD vaccine in Brazil, one of the largest protein producing countries in the world

– Merck had closed its only production facility in Fortaleza in 2012. The company maintained its presence in the market by acquiring products which were outsourced to third party suppliers

• Merck Animal Health, known as MSD Animal Health outside the United States and Canada, is Merck’s global animal health division, one of the largest pharmaceutical companies in the world with US$39.5 billion revenues in 2015

• Vallée is a leading privately-held producer of animal health products in Brazil, holding an extensive portfolio of more than 100 products spanning parasiticides, anti-infectives and vaccines

• In December 2016, Marsh announced the acquisition of 100% of AD Corretora de Seguros’ capital stock

– AD Corretora de Seguros is one of the largest privately-held insurance brokers in the country and is a leader in the corporate segment in the countryside of the State of São Paulo

• The acquisition further demonstrates Marsh’s commitment to expanding its footprint in Brazil, specially in the State of São Paulo, one of the most dynamic regions in the country

• AD Corretora de Seguros businesses are complimentary to Marsh’s and will allow the buyer to expand its services to mid and small companies, especially in the sugarðanol and infrastructure sectors

• AD Corretora de Seguros’ key executives will continue to lead the company’s business that will be integrated into Marsh’s

• Formed in 1980, AD Corretora is a highly regarded insurance broker specializing in mid-market business with particular expertise in the sugar refining, agri-business and infrastructure sectors. Headquartered in Bauru, it also has offices in Ribeirão Preto, Araçatuba and São Paulo

• Marsh is a global leader in insurance broking and risk management. Marsh is a wholly owned subsidiary of Marsh & McLennan Companies, a global professional services firm offering clients advice and solutions in the areas of risk, strategy, and people. Marsh & McLennan Companies has more than 60,000 employees worldwide and annual revenues of R$13 billion

– Marsh began its operations in Brazil in 1955 and is currently one of the largest insurance brokerage and risk management companies, with more than 1,200 employees in eight offices

• In August of 2016, Michelin announced the acquisition of 100% of Levorin’s capital stock

– Founded in 1943, Levorin is a leading manufacturer of tires and inner tubes for motorcycles and bicycles in Brazil

• The acquisition has two strategic objectives for Michelin: to consolidate its presence in Brazil and strengthen the global development of its 2-wheel tire offering

– With the transaction, Michelin will strengthen its position in the expanding commuter segment, complementing the range of tires it already offers in the high-end 2-wheel leisure market

• Levorin has approximately 2.000 employees and operates two industrial facilities located in Guarulhos/SP and Manaus/AM

• Michelin is one of the world’s largest tire manufacturers with global revenue totaling US$23.5 billion in 2015. Currently, Michelin operates five industrial plants in Brazil manufacturing tires for passenger cars, light and heavy trucks, motorcycles and agricultural machineries

• In December 2016, Bupa concluded the acquisition of 100% Care Plus’s capital stock

– Care Plus is a managed care organization in Brazil focused on high-end corporate healthcare and dental plans

• This transaction enables Bupa to establish its presence in the Brazilian healthcare market

– Care Plus’s local platform will allow Bupa to explore its diversified product portfolio in the Brazilian market

– Both companies are focused on the high-end healthcare segment

• Founded 24 years ago, Care Plus has more than 100,000 members

– Its clients are mainly located in the southeast of Brazil

– The company owns 3 clinics focused on prevention and dental treatments located in São Paulo and Rio de Janeiro

• Bupa is a global health and care company present in 4 continents, serving 2 million customers

– In 2015, Bupa had total revenues of £9.8 billion

– 70% of Bupa’s revenue is from health insurance

• In May 2015, JJ Martins Group received initial approval of its judicial recovery plan and creditor restructuring

– At its peak, the JJ Martins Group had market share of 13% in the Metropolitan area of Rio de Janeiro

• Olimpia Partners acted as adviser to JJ Martins Group to structure and negotiate its judicial recovery plan, including:

– Model and evaluate the financial feasibility of the plan

– Assisted the management on negotiations with creditors

– Worked together with legal council on negotiation and documentation

• Summary of the plan:

– Total Indebtedness of R$406,5 million

– Creditors will be paid with resources from JJ Martins Group operating cash flow and from the sale of properties which were valued at R$137.6 million

• JJ Martins Group is one of the largest automotive retailers in the Rio de Janeiro Metropolitan area with significant assets in real estate enterprises

– JJ Martins Group has Chevrolet, Renault, Kia and Ford automobile dealerships

– R$427 million in revenues and 8 thousand vehicles sold in 2015

– The group has also been extensively involved in residential real estate development in the city of Rio de Janeiro

• In July 2011, Indian crop protection company United Phosphorus Ltd (currently UPL Limited) acquired a 51% stake in DVA Agro do Brasil S.A. for US$150 million

– The transaction included a primary issuance in DVA Agro Brasil together with a secondary purchase of shares from the existing shareholders

– DVA Agro do Brasil changed its name to UPL do Brasil S.A.

• In March 2015, UPL acquired the remaining share of DVA Agro do Brasil’s original shareholders

• DVA Agro do Brasil is engaged in the production, marketing, selling and distribution of crop protection products and specialties in the Brazilian agrochemicals market

– The Company has a highly diversified product offering and has invested heavily in several product registrations in preparation for significant growth for the next several years

• Established in 1969, UPL is a leading global producer of crop protection products, intermediates, specialty chemicals and other industrial chemicals

– UPL is the third largest global producer of patented crop protection products

– The company is also the 7th largest producer of crop protection products

• SULASAPAR shareholders signed an agreement to acquire 100% of ING’s shares in SULASAPAR

• In connection with the above mentioned transaction, the Larragoiti family and ING signed an agreement to sell a portion of their SulAmérica UNITs to Swiss Re, representing 14.9% of SulAmérica

– The Larragoiti family sold 13.1 million UNITs and ING sold 37.6 million UNITs representing 3.8% and 11.1% respectively of SulAmerica

• Upon approval of the transactions:

– The Larragoiti Family retained control of the Company and raised their stake in SulAmérica from 24.8% to 28.1%

– ING reduced its stake in SulAmérica from 28.2% to 10.0% and will remain with one board seat

 ING’s stake will consist only of SulAmérica UNITs

– Swiss Re became a minority shareholder with 14.9% of the Company and is now entitled to one board seat

• This transaction is part of the ING Group restructuring plan for the divestment of all its Insurance and Investment Management operations as agreed upon with the European Commission in exchange for the public financing of €10 billion during the financial crisis in 2008

• SulAmérica is the largest independent insurance group in Brazil, with operations in diverse insurance lines. Its business lines are supported by diversified distribution capabilities that includes a network of more than 30,000 independent insurance brokers. SulAmérica also has partnerships with more than 20 financial- and retail institutions, adding a further 16,000 points of sale

• ING is a major Dutch financial institution with presence in over 40 countries

• Swiss Re Group is a leading wholesale provider of reinsurance, insurance and other insurance-based forms of risk transfer

• Olimpia Partners acted as financial advisor to Silimed to structure and negotiate a 5 year syndicated loan with the the four largest banks in Brazil in order to re-profile the company’s existing debt

– Silimed’s indebtedness was concentrated on short term lines of credit with several mid-sized banks in Brazil, and with interest rates significantly above of companies of similar size

• Olimpia Partners worked with the company to develop a business plan to be presented to the banks and advised Silimed during all stages of the negotiation with the new creditors

• Silimed is the largest manufacturer of silicone implants in Latin America and the third largest producer in the world

– Silimed produces breast, gluteus, calf, facial, urology and obesity implants, among other products, and sells its products in more than 60 countries around the world

• In December of 2013, the holding company GPC Participações S.A received formal approval of its judicial recovery plan and creditor restructuring, including its subsidiaries GPC Química S.A. and Apolo Tubos e Equipamentos S.A.

– GPC Química S.A. is one of the main manufacturers of methanol and methanol derived products including resins and varnishes. The company had been under financial pressure from the increasingly high cost of natural gas and more competitive imports of lower cost methanol

– Apolo Tubos e Equipamentos S.A. is a manufacturer of welded steel tubes. The company also had been under financial pressured as a result of heavy price competition in both galvanized pipes and the black tubes segments

• Olimpia Partners acted as adviser to the GPC group to structure and negotiate its judicial recovery plan and creditor restructuring, including:

– Model and evaluate the financial feasibility of the plan

– Assisted the management on negotiations with creditors

– Worked together with legal council on negotiation and documentation

• Founded in 1929, GPC is a family controlled group with investments in several sectors of the economy, including industrial, chemical, oil & gas, renewable energy and tubes. The 3 companies under the recovery plan totaled annual sales of R$883.8 million at their peak in 2008

• SULASAPAR shareholders signed an agreement to acquire 100% of ING’s shares in SULASAPAR

• In connection with the above mentioned transaction, the Larragoiti family and ING signed an agreement to sell a portion of their SulAmérica UNITs to Swiss Re, representing 14.9% of SulAmérica

– The Larragoiti family sold 13.1 million UNITs and ING sold 37.6 million UNITs representing 3.8% and 11.1% respectively of SulAmerica

• Upon approval of the transactions:

– The Larragoiti Family retained control of the Company and raised their stake in SulAmérica from 24.8% to 28.1%

– ING reduced its stake in SulAmérica from 28.2% to 10.0% and will remain with one board seat

 ING’s stake will consist only of SulAmérica UNITs

– Swiss Re became a minority shareholder with 14.9% of the Company and is now entitled to one board seat

• This transaction is part of the ING Group restructuring plan for the divestment of all its Insurance and Investment Management operations as agreed upon with the European Commission in exchange for the public financing of €10 billion during the financial crisis in 2008

• SulAmérica is the largest independent insurance group in Brazil, with operations in diverse insurance lines. Its business lines are supported by diversified distribution capabilities that includes a network of more than 30,000 independent insurance brokers. SulAmérica also has partnerships with more than 20 financial- and retail institutions, adding a further 16,000 points of sale

• ING is a major Dutch financial institution with presence in over 40 countries

• Swiss Re Group is a leading wholesale provider of reinsurance, insurance and other insurance-based forms of risk transfer

• In November of 2013, the shareholders of PGS Participações signed an agreement to sell an 80% stake in PGS Participações to Bloomin’ Brands, equivalent to 40% of PGS, the controlling entity of Outback Steakhouses in Brazil.

• Upon the transaction conclusion:

– Bloom Participações, a fully owned subsidiary of Bloomin’ Brands, assumed control and increased its stake in the Outback Steakhouse operations in Brazil from 50.0% to 90.0%

– The Brazilian Shareholders reduced their indirect stake in PGS from 50.0% to 10.0%

– The main executives will remain with the company after the transaction

• The transaction was in line with Bloomin’ Brands’ global expansion strategy to increase their operations in highmargin and fast-growing countries

• Bloomin’ Brands, Inc. is one of the largest casual dining restaurant companies in the world. The portfolio of five founder-inspired brands is comprised of Outback Steakhouse, Carrabba's Italian Grill, Bonefish Grill, Fleming's Prime Steakhouse & Wine Bar and Roy's with nearly 1,500 restaurants in 48 states, Puerto Rico, Guam and 21 countries

• The Outback operations in Brazil operates 47 restaurants in 10 States and has been recognized with numerous awards

– Nine of Outback’s 10 highest grossing restaurants are located in Brazil

• In August of 2013, the private equity fund Pátria Investimentos acquired a controlling equity stake in Natulab

– In order to continue its robust performance and high growth rate, Natulab needed to improve its capital structure through an equity capital injection

– The management team was seeking a financial partner with a hands-on approach to contribute to the Company’s audacious expansion plan

• Challenges to the transactions included:

– A diverse shareholder’s structure with foreign investors, founding-partners and officers based in Brazil and Italy

– The negotiation of a complex shareholder’s agreement contemplating different demands from the different parties

• Highlights that attracted Pátria Investimentos include:

– Investment in an attractive fast-growing sector

– Robust product pipeline and aggressive business plan

• Founded in the late 90’s, Natulab is a manufacturer of phytotherapic formulations, branded-generic medications, vitamins and supplements located in Santo Antonio de Jesus, Bahia

– With a product portfolio of over 130 items, Natulab targets Brazil’s high growth income classes (C & D)

• Founded in 1988, Pátria Investimentos has over US$7.2 billion of assets under management

– Pátria Investimentos offers a wide range of investments options, including private equity investment funds, real estate investment funds, infrastructure investment funds and multi-market investment funds

• In November of 2012 the shareholders of Marcosa, the second largest Caterpillar dealer in Brazil, sold 100% of their shares to Grupo Sotreq

• For Grupo Sotreq transaction highlights included:

– Opportunity for Sotreq to consolidate its existing business by adding the northeastern region of Brazil, the region within Brazil that has the highest growth rate, particularly in the heavy construction segment

– Operational synergies and scale

– Opportunities in the expanding mining & oil sectors

• Marcosa was a family run Caterpillar dealer for 65 years that sold, leased and provided technical support for machinery, equipment, heavy engines, and power generators, and was the exclusive Caterpillar representative in the northeastern region of Brazil

• Founded in 1941, Grupo Sotreq is family controlled and is the largest Caterpillar dealer and equipment supplier in Latin America, maintaining exclusivity rights in the North, Mid-West, and Southeast regions of Brazil

• In June of 2012, Vinci Partners concluded the acquisition of a 70% stake in Cecrisa S.A.

– Vinci Partners is an independent investment company, specializing in the management of alternative investments

– Cecrisa is one of the largest ceramic tile manufacturers in Brazil

• The transaction included a primary capital injection and a secondary share purchase

• Cecrisa is the largest ceramic tile manufacturer in Brazil in revenues and offers a diversified product portfolio with high value-added products

– Over 1,800 different products

• Founded in October 2009, Vinci Partners has approximately US$2.0 billion of capital under management

– The firm has currently 10 companies in its portfolio

• In July 2011, Indian crop protection company United Phosphorus Ltd (currently UPL Limited) acquired a 51% stake in DVA Agro do Brasil S.A. for US$150 million

– The transaction included a primary issuance in DVA Agro Brasil together with a secondary purchase of shares from the existing shareholders

– DVA Agro do Brasil changed its name to UPL do Brasil S.A.

• In March 2015, UPL acquired the remaining share of DVA Agro do Brasil’s original shareholders

• DVA Agro do Brasil is engaged in the production, marketing, selling and distribution of crop protection products and specialties in the Brazilian agrochemicals market

– The Company has a highly diversified product offering and has invested heavily in several product registrations in preparation for significant growth for the next several years

• Established in 1969, UPL is a leading global producer of crop protection products, intermediates, specialty chemicals and other industrial chemicals

– UPL is the third largest global producer of patented crop protection products

– The company is also the 7th largest producer of crop protection products

• On October 20, 2010 Olimpia Partners acted as sole financial advisor on an inaugural U$100.0 million senior secured notes offering for Ceagro Agrícola Ltda (“Ceagro”)

• Ceagro was the largest corn originator and among the largest soybean originators in Brazil at the time of the transaction

• The $100.0 million transaction priced at the initial guidance of 11.0%

• Proceeds was used to repay existing indebtedness, working capital, and for general corporate purposes

• Ceagro’s unique business model, experienced management, in addition to a debt service reserve account and offshore collection account gave investors comfort on the only inaugural Brazilian single-B issue in 2010

General Shopping Brasil S/A concluded the sale of a 48.0% stake in the Barueri Mall project to VBI GSBR Empreendimentos e Participações Ltda for R$68.7 million
• The Barueri Mall will have 32,000 m2 of gross leasable area in its first phase, constructed on a 60,000 m2 terrain
• The project includes the potential future construction of business towers as well as additional expansion
• General Shopping will retain its management role following the transaction
• General Shopping is one of the largest shopping center management companies in Brazil, with 190,100 m2 of own gross leasable area
• At the time of the transaction, the Company owned 13 shopping centers in which it had a proportional interest of 84.3%
– Together these shopping centers have a gross leasable area of 225,400 m2
– 11 of these malls are located in the State of São Paulo, 1 in Paraná and 1 in Rio Grande do Sul
• General Shopping actively participates in the site search, planning, development and construction of shopping centers
• The Company leases and manages its shopping centers, provide parking management services and also manages the supply of electricity and water
• General Shopping is uniquely qualified to manage smaller and “neighborhood”-type malls focused on the B and C socio-economic classes