First, our track record. Cognetas Fund I has delivered top quartile returns driven
by earnings growth rather than financial engineering. Two thirds of the value created
in this fund is the result of earnings growth and cash generation.

Second, the way we make investment decisions. All decisions are taken by a
European team, marrying local market expertise with a broad European perspective.

Third, the way we work with management and our Operating Partners to
create value. Operating Partners help us assess potential investment opportunities.
They support management teams in achieving their aspirations for growth and
development of their businesses.