EFTA01374904.pdf

SRLP102 Alpha Group Capital Siris Capital Group Overview Differentiated Strategy. Effective Execution. Operational Focus. Sims C .0pn riti (i/OU/ 1. t Firm Strategy • New York-based investment firm targeting value technology businesses in • Research driven alternative investment manager that targets value transition technology businesses in transition • Founders Frank Baker. Peter Berger and Jeffrey Hendren have worked • Study specific silos within the tech space together for over 18 years — Bond / Call investment strategy creates multiple ways to win, ■ Experienced group of operating executives ('Executive Partners') deployed driving alignment for value creation to help execute strategic and operational objectives • Disciplined purchase price and conservative use of leverage • Currently investing out of —$1.8 billion Siris III; —$5.5 billion of cumulative • Drive strategic operational improvements post closing Fund capital commitments • Focused strategy with concentrated portfolio (target —2 deals I year) • Invested $4.7 billion' of equity in 14 investments Performance Summary Sifis I - Core3 Siris Partners II Siris Partners III • Vintage: 2007 ■ Vintage: 2012 • Vintage: 2015 • Fund Size: $500 million • Fund Size: $641 million • Fund Size: $1.81 billion Core -Gross / Net IRR: 50% / NA Cote • Oros l Net MOIC: 2.9x/ NA Gross/Net IRR: 26% 116% Gross/Net IRR: 27%! 17% Total Gross / Net IRR: 10% I NA Gross/NM MOIC: 1.6x 1.4x 9 Gross/Net MOIC: 1.6x 11.9x Total Gros I Net Lim: 1.4x I NA —.... .. Executive Partners Operational Excellence Team Capital Markets • Cost savings execution experience at • Seeks to apply best practices portfolio- • Coordinates and negotiates debt Siris portfolio companies wide raising across the portfolio • Tech, telecom, and tech-enabled B2B • Facilitates cross-portfolio initiatives • Seeks economies ot scale and scope services experience to lower capital markets associated • Initiates and quarterbacks third party costs • Leverage deep operational experience engagements ahvot•I h 1211.urs mewl On 3. •-• Ow rm.. sal albeabonef Ales ertailid barman, 1.1n.A.A. el km...* odes .. I.Alet Ow A.A.. rm. H.* ler air.l no telailliS regodos•••••isana NI mynah ir.l.mont• esi N. me sea NM SAW Cat te. A. AAA tikann "Atrol. rehen 1.1....1.••••••••••• 11.0o.h..41nhen tOwl, Inn Im.11. MIAs. looleabdt..., t.d prison Is esi S Amu alhitwociolh.•ans hank •• Yu .p.p. r•Imme kreal..1•1•••••••• I ••••••n .41p•Able eempAny (esp.. Ir.A•sA an Ass stinlo OANI•ke MAK rcc, e.r...kr. owch ....bnewb Aim' erhnirs. lowtonalterriliendltl CAW al es• IMP 4.1i• 0. re. 'two r ere. advm•lan rAgettnitn. 14.n I Ce.m•turs urkuk 'al •Ahdiletihani.d.le C... Bad sousthe agtasateses......S.. • C.A.S.DIEFRamINVIC SIRIS wet.... Ars 'Arry.L. with ea • MTh) es wx•avine halo. (*nu, NA. .131 11. pl v.1 p.111. ill•al-Ita tanc...4 h., • ... 1 AV., Nei MA' a• mei rya Ana I. en et h. I mehdatCeatike• a AN 41,4 48. reths In netwenni• woo / 4.6.11.1.0. lay•Sset "mulls Immo,*.1 fat hall. dotal nLtry{IMYu ..11JOICI.An• I NIOCOV.1.6 Can. It.1 ph.... 4 A4 A.A. pet Awl •• avonaprnmIls...4 can.alann 2 CONFIDENTIAL - PURSUANT TO FED. R. CRIM. P. 6(e) DB-SDNY-0069845 CONFIDENTIAL SDNY_GM_00216029 EFTA01374904