EFTA01378220.pdf

SRLP1 02 Alpha Group Capital Airvana: Results Post-Close Key Achievements Post-Close Gross Realized & Unrealized Returns (Si,:::') r. 201 Total Gross MOIC Close Acquisition Fund + Co-Invest: 3.5x As 2010 Fund only: 3.3x Dividend Recap #1 • Returned $204 mm to investors 4.th • Represents 1.5x gross MOIC 5481 $481 Dec. 2010 Bond EBITDA Growth • Grew EBITDA from $97 mm to $217 mm 3.0% $186 $186 A r. 2011 Dividend Recap #2 • Returned $172 mm to investors • Incremental 1.3x gross MOIC, O 2.0x bringing total gross MOIC to 2.8x Dec. 2011 Bond EBITDA Growth • Further grew EBITDA from $217 mm $295 $295 1.0x to $344 mm O I Se r. 2013 Bond Sold Apr-2010 • Ericsson acquired for $200 mm Acquisition • Incremental 0.7x gross MOIC, 0.0x Realized Total bringing total gross MOIC to 3.5x ($80) Value Value Dee. 2014 Call Option Turnaround I I-.56 Co-Investor Share • 2014 EBITDA of $2.3 mm; up from (1.0x) a Fund Share ($55) mm in FY 2009 entry ($136) Sep. 2015 Call Option Sold • CommScope acquired for $50 mm Noto: Return Maud* SIS nulhon a arrow proceedsthat would be ml September 2017. The actual realund mum a such unrealized investments may dant materially from the niuren and ceded. Pleas. n. • SIRIS Cc-ad..... ter "Appendu-Fecencees" kr adddiOna tOniedershoos Ind defurhors. Pat performance S net nett-madly indkative a future Inuits. 37 CONFIDENTIAL - PURSUANT TO FED. R. CRIM. P. 6(e) DB-SDNY-0075381 CONFIDENTIAL SDNY_GM_00221565 EFTA01378220