C2 Capital Partners

We invest in a new generation of entrepreneurs and accompany the growth of pioneering business models in strategic sectors in order to generate value for our country, so that it can regain the propulsive role that has always distinguished it in the creative, science, technology and creation fields. We are CDP Venture Capital. Shaping Future. PURPOSE We are the largest Venture Capital manager in Italy and among the largest in Europe. We were born thanks to a systemic approach in the management of public and private resources aimed at creating a market operator able to combine aims of return on investment and support for market development. We operate on strategic sectors for the future by investing directly and indirectly in startups, innovative SMEs and Venture Capital funds for the creation of a market infrastructure that can support the entire life cycle of startups. We are subject to specific regulations and are held to norms and standards of financial transparency and prudence to protect investors' interests. Investment evaluations are carried out by experienced managers who are geared to maximize returns within the constraints and objectives defined for each fund or portfolio under management. MISSION Our goal is to build the Italy of tomorrow, putting innovation at the center of the country's economic development, investing in a new generation of entrepreneurs, to regain the driving role in all creative fields, science and technology that has always distinguished us. OUR VALUES We operate by following the best international market standards, investing selectively, mainly together with other market participants, in order to achieve sustainability and returns sufficient to attract subscriptions from third-party investors, to consolidate a long-term ecosystem. We attach great importance to environmental, social, and governance factors, inspiring the substantive aspects of our business with ESG responsibility principles, both for investment opportunities and financial and economic value generation and for attracting top talent. Leadership We are pioneers: purposefully leading the path of innovation. Our leadership is based not only on decisions, but on the ability to inspire new ways of doing business and lead the country into the future. Solidity Soundness is the foundation on which we build our commitment. We have deep roots to grow, ensuring reliability, continuity and sustainability in everything we do. Integrity Integrity is our beacon. We operate with honesty and transparency toward investors and all our stakeholders. We are objective in choosing investments: rational data analysis, unbiased assessment of risk and return are key elements of this approach. Competence Expertise is the engine that fuels our growth and the tool with which we intercept opportunities and meet the challenges of tomorrow every day. In turn, we work to strengthen our distinctive competencies in our various business areas. Selectivity Selectivity is our strength. Each investment is carefully evaluated, consistent with our guidelines, to generate a return of value with the ultimate goal of preserving and enhancing the country's innovation.

Headquartered in Boston, Devonshire manages investments on behalf of FMR and its shareholders in businesses outside of the financial services industry. Devonshire invests in directly-held real estate, venture capital and later-stage private equity. Devonshire actively participates in its direct investments, while leveraging expertise across a global platform of holdings in the United States, Europe and Asia. The portfolio targets the telecommunications, technology, natural resources, and life sciences industries. Devonshire has approximately $20 billion in assets under management. The Natural Resources platform consists of holdings in traditional and renewable energy, timber and agriculture real asset investments and comprises more than $2 billion of committed and invested capital across one directly held operating asset and two captive private equity funds. The platform continues to grow and is seeking additional resources to support the current portfolio and underwrite new investments.

Gaw Capital Partners is a uniquely positioned private equity fund management company focusing on real estate markets in Asia Pacific and other high barrier-to-entry markets globally. Specializing in adding strategic value to under-utilized real estate through redesign and re-positioning, the firm’s investments span the entire spectrum of real estate sectors, including residential development, commercial offices, retail malls, hospitality, logistics warehouses and IDC projects. Since its inception in 2005, GCP has raised seven commingled funds targeting Asia Pacific regions. The firm also manages value-add/opportunistic funds in the US, a Pan-Asia hospitality fund, a European Hospitality Fund, a Growth Equity Fund, and it also provides services for credit investments and separate account direct investments globally. Gaw Capital has raised equity of US$23 billion since 2005 and commanded assets of US$36 billion under management as of Q1 2023.

As a member of the Nemzeti Tőkeholding group, MFB Invest Befektetési és Vagyonkezelő Zrt. invests capital to support the growth of companies facing expansion and capital-intensive investments, as well as to development projects that are particularly important to the national economy, especially energy and green field projects. It operates within the group of the Hungarian Development Bank and Nemzeti Tőkeholding. Its aim to increase the integration of the Hungarian economy into Europe. In collaboration with market investors and international organizations, it establishes and oversees registered capital funds in Hungary, directing investments towards domestic companies. Through this, it efficiently allocates state resources, while catalysing the engagement of Hungarian private and international co-investors to ensure the successful implementation of numerous projects. It is also involved in traditional industries but places particular emphasis on the green economy, real estate development and achieving energy independence. It engages in tight professional and economic collaboration with the Hungarian Development Bank. Our investment operation in capital funds MFB Invest follows an indirect investment strategy. It establishes capital funds and guides them through their 5–15-year trajectory, securing resources within the funds with co-investors. It delegates the allocation of funds to private fund managers with a focus on various sub-markets so that: capital is distributed more efficiently in the economy, leading to improved aggregated success and returns on investments, with the addition of co-investor capital, state resources can offer amplified financing to enterprises for their development and growth, projects with the goal of correcting or eliminating market deficiencies and gaps, while contributing to the development of the economy, are successfully implemented. Investment areas Real estate investments: The growth rate of infrastructural and real estate investments significantly impacts overall economic growth. Through our investment funds focused on real estate development, we are dedicated to supporting developments and greenfield investments targeting domestic industrial, logistics and service facilities. Energy and innovation: Our investment funds, with a focus on energy efficiency and prioritizing renewable alternative energy sources, network development, and the country's innovation performance offer long-term capital financing through a predictable business model. Green investments: Apart from adhering to ESG compliance and strict regulations, our investment funds dedicated to green investments concentrate on renewable energy, green transport, sustainable cities, eco-friendly construction industry and real estate development, environmental protection, and on those agricultural areas which are particularly susceptible to the impacts of climate change. Agriculture: Our agriculture-focused investment funds are designed to support and develop the entire value chain of agricultural activities, including related supply, processing and distribution processes. International cooperations: Capital funds that strengthen the Hungarian economy's international relations system effectively support the inflow of foreign capital into key domestic industries. Collaborations, such as .the capital fund jointly established by the European Investment Fund and MFB Invest, accelerate the inflow of international capital. Traditional industries: Fortifying traditional industries is not merely an option; it is an economic and sustainability necessity. Through strategic capital funds, we support companies engaged in traditional sectors, including the machine industry, automobile industry, pharmaceutical and chemical industry, process manufacturing, tourism, and the food industry. About the Nemzeti Tőkeholding MFB Invest operates under the coordination of Nemzeti Tőkeholding Zrt., which is responsible for establishing a harmonized and predictable operational framework and norm system for capital funds with partial or full state backing. Additionally, it defines a unified strategic direction for the sufficient capital financing of domestic enterprises. The collective mission of the group members of Nemzeti Tőkeholding is to contribute capital to achieve the goals set by the Ministry for National Economy. In pursuit of this mission, they possess both direct and "fund of funds" investor competencies.

We are hands-on investors, taking operational responsibility wherever needed and work closely with our portfolio companies to ensure their success. Our vision is to create lasting and impactful change, not only in the companies we invest in, but in the communities they serve. Join us in shaping the future of technology and business in Central Europe. A distinctive approach. Founded by seasoned entrepreneurs, Sparring Capital Partners has gathered a group of family offices and industry professionals in Central Europe to support private businesses in need of capital and complementary expertise. We back established companies with ambitious growth trajectories that employ transformative technologies as part of their business activities or need such technologies to maintain their competitive advantage. A distinctive approach. With supply chains still largely disrupted after the pandemic, high levels of inflation, increasing interest rates and cautious banks, we see vast potential for private equity to support companies in pursuing their growth trajectories. We firmly believe, however, that the current market conditions require a non-traditional investment approach. We see ourselves as sparring partners to both, entrepreneurs, and investors, always taking operational responsibility in our investment projects. Furthermore, we strive to align business backgrounds of our investors with the specific needs of the portfolio companies. Investment approach. Entrepreneurial Investing. Hands-On. At Eyelevel. We are active investors that like to engage on operational level. We see ourselves as well as our investors as active sparring partners for the management teams of our portfolio companies. Our investment focus comprises the following criteria Revenue: 3-30M. € Growth Potential: >20% P.A. Transaction Types: Growth, Buy-and-Builds, Recapitalizations Technological aspects: Businesses that employ transformative technologies as part of their USP or are in need of such technology to gain competitive advantage Our Culture Culture is important. We love to work as a team and value analytical rigor, passion, and integrity. In all our work you will find the effects of these core beliefs: Integrity: The news we share with you may not always be good, but you can always be sure to hear the full story. We are committed to transparency, good governance and full alignment of interest. Careers are long and reputation is built over decades. Collaboration: We see all the people we work with as sparring partners and want to create an ecosystem that allows for joint growth and development. We like to have “all-hands-on-deck” and every team member has a voice. We appreciate the opinion of a young team member as much as the one of senior management. Passion: We love what we do and we are grateful to be working with passionate and highly skilled people, visionary entrepreneurs and professional investors. Life is too short to work with jerks. We work with good people to build great businesses – it’s as simple as that.

Chenel Capital Partners thrives on versatility, investing across a broad spectrum of industries. By being sector agnostic, we focus on identifying high-potential opportunities wherever they arise - whether in technology, healthcare, real estate, or beyond. Our flexible approach allows us to adapt to emerging trends and deliver impactful results, regardless of the market.