Value Creation Approach

INVESTMENT SUMMARY Uroviva -GEP IV uroviva SPEZIALISTEN FÜR UROLOGIE Location: Website Sector: Investment Period: Cash Investment: GEP IV Ownership at Entry: 69.0% uroviva E CM ECM SPEZIALISTEN FÜR UROLOGIE た Bülach, Switzerland www.uroviva.ch Healthcare Dec-17 - today €20.4m Business Description - Integrated Swiss network of eight out-patient practices and one in-patient clinic specialised in urology Investment Type Primary (ownership succession) - Buy-and-build Origination Limited auction process by Swiss M&A boutique. Bidders were pre-qualified based on prior experience in healthcare - Developed strong relationship with founders early-on. Existing GEP IV investment in Dermatologikum important reference case Investment Thesis - Leading market position and strong competitive advantages - Non-cyclical, favorable market environment Highly diversified customer base Established buy-and-build platform Attractive growth opportunities The examples have been selected to illustrate the types of investments which may be entered into by the Fund. They are not indicative of future performance and do not represent a complete history of the ECM's investment activities but rather only illustrate and expand upon certain themes, processes and strategies that ECM believes to be characteristic of its investment approach. 19/21

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