OVERVIEW

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HLD OVERVIEW

CONTENTS

HLD Group

Our Values

02

Figures

02

Our Investments

07

Our Partners

04Our Offices

20

03Our Team

18

Our Vision

06

HLD OVERVIEW

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FIGURES 2016

HLD GROUP

Created by Jean-Bernard Lafonta, Jean-Philippe Hecketsweiler and Philippe Donnet, HLD was born from their will to support the development of European companies, with no given time restriction, in all business sectors. Since 2010, several leading businessmen have joined the project as shareholders.

From then on, in real partnership, we have been investing in companies, over the long term, willing to support their growth in Europe and worldwide, to reinforce their leadership.

Creation of

Takeover of Filorga

Acquisition of Interflora

Transfer of Interflora

Creation of

Europe

2010 20142011 2015 20172012 2013 2016

Bonds issue for € 70M

IPS and AMS became

Cellfish became

HLD is an investment group created by entrepreneurs for entrepreneurs.

+12%Average organic growth

of portfolio turnover

€ 1,100 M Consolidated

turnover

10,000Employees

€ 200 M/yearInvestment

capacity

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OUR VALUESHLD is a partner supported by people with shared values which inspire us.

ENTREPRENEURIAL SPIRIT

You can’t create without taking risks. Taking risks is in the DNA of HLD, created by entrepreneurs.

HLD is concerned by companies that have an entrepreneurial interest offering potentials of organic or external growth, operating performance improvement and international development.

THE COMMITMENT

We give our companies time to develop by providing them with all human, technical and financial means they need over time.

In investing time and means, we engage ourselves in supporting managers, we accompany them, allowing us to construct a long-term partnership. Only in this way is it possible to lead an ambitious project.

TRUST

Goes both ways. It is created from the beginning of the investment project due to attentiveness, transparency and fluidness in the exchange with the management team. Relations are simple, direct and frank.

AMBITION

As we think big, we aim to make our companies leaders in their sector. And to do so, time and trust in managers are essential.

Based on trust, commitment and shared ambition we help managers create the companies of tomorrow.

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OUR PARTNERS An experienced group

to support you today and grow together tomorrow.

OUR SHAREHOLDERS

HLD has the finest leading shareholders, notably Claude Bébéar (Founder of AXA Insurance company), Norbert Dentressangle (Founder of the eponymous group), Philippe Donnet (CEO of Generali), Jean Pierre Mustier (CEO of UniCredit), as well as the families Decaux (Founder of street furniture JC Decaux), De Agostini in Italy (Founder of the eponymous group), and Cathiard in Switzerland (Founder of Poma Group).

Our shareholders allow us to have at our disposal a permanent cash flow for long term investments and to accord the necessary time to enable companies for development and to reinforce their competitive position in the long term.

Jean-Philippe began his career in the Mergers and Acquisitions department of J.P Morgan. After the creation of an internet platform for second-hand professional material, he took over the companies Nature (food supplement) and GSX (software edition). Since 2010, he is devoted to the development of HLD.

JEAN-PHILIPPE HECKETSWEILER

Founding Partner

Jean-Hubert began his career in Arthur Andersen in 1994, he then joined the Mergers and Acquisitions department of The Société Générale in 1998 and Rothschild & Co. in 2000. In 2006, he joined Astorg Partners (investments in Staci, Trescal and Metalor and realisation of 13 external growth operations worldwide).

JEAN-HUBERT VIAL

Partner

Having earned his stripes in government ministerial office, Jean-Bernard joined the Lazard investment bank in 1993. He joined the BNP as CEO of Banque Directe. Wendel recruited him in 2001 as a Managing Director then as Chairman of the Management Board. He straightened out Wendel and realized investments notably in Legrand, Editis or Bureau Veritas.

JEAN-BERNARD LAFONTA

Founding Partner

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The Board of Directors is responsible for the development of HLD in accordance with its long-term investment philosophy. The diversity of its members and their international entrepreneurial experience is its strength.

Xavier Buck

Chairman of Luxembourg ICT Cluster, Founder of EuroDns

Anne Canel

Chief Financial Officer, HLD

Robert Dennewald

Former Chairman of FEDIL Luxembourg, Owner of Eurobeton

Jean-Philippe Hecketsweiler

Managing Director, Founding Partner

Jean-Bernard Lafonta

Chairman of the Board, Founding Partner

Based on our strategic, financial and operational

expertise seconded by our large network of connections

we offer companies development or transmission

solutions assuring their integrity, sustainability and

growth potential.

We share the conviction that it is in the long term that

ambitious projects can be deployed. We work alongside our partners to support their

ambitions.

Jean-BernardLAFONTA

- Founding Partner -

Jean-PhilippeHECKETSWEILER

- Founding Partner -

THE BOARD OF DIRECTORS

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OUR VISION

The vocation of HLD is to invest, in the long-term, in European companies by supporting their international growth and to strengthen their leadership.

HLD is interested in companies with an entrepreneurial approach offering potentials of organic and external growth, operating performance improvement and in-ternational development. HLD has leading entrepre-neurs as shareholders.

Today, HLD owns mainstream brands such as Filorga, SVR, Le couvent des Minimes, Sarenza, Coyote and the health group Elivie, Tranoï fashion trade show organiser, Tessi the leader for data processing market and digital platforms such as Gekko, Alchimie and Funbridge.

HLD has a long-term vision concerning its investments, willing to support without restraint companies in which it invests. This philosophy makes HLD stand out from other investment funds in private equity.

PROUD OF OUR INVESTMENTS

HLD is a catalyst for success:The association of the

ambitions of our partners and the resources we put at their disposal to realise them

creates a perfect alchemy. We work together in a long-

term perspective, enabling our partners to become market

leaders, focusing on the integrity and stability of their teams.

Jean-Hubert VIAL

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PROUD OF OUR INVESTMENTS

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LABORATOIRESFILORGA

Conception, making and selling of medical and anti-ageing cosmetic products.

My ambition when I took over the reins of Laboratoires Filor-ga in 2006 was to make this aesthetic medicine available to the largest number of peo-ple. We were the first medical laboratory, in 2007, to launch

an anti-ageing cosmetic product range for public con-

sumers.

DidierTABARY

- Laboratoires Filorga -

Pioneer laboratory in aesthetical medical technics for almost forty years, Filorga conceives and sells a wide range of anti-ageing products in pharmacy, parapharmacy and throughout selected networks in France and around sixty countries in the world.

The Laboratoires Filorga have developed a global anti-ageing solution answering all the problematics linked to skin ageing (wrinkles, radiance, firmness, pigmentation marks).

Thanks to sustained innovation of products, new partnerships in export and the opening of new branches, Filorga has benefited from accelerated growth for several years.

In 2016 the Laboratoires Filorga are represented in 75 countries and have opened 10 branches including 3 new ones in 2016, notably in China.

CEO: Didier TABARY | Turnover: € 100 M | Investment: 2010 | www.filorga.com

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LABORATOIRES SVR

Manufacture and market dermatological products.

A family company for three generations, the SVR group conceives, manufactures and sells dermo-cosmetics sold in pharmacies, parapharmacies and selected networks.

Key brand in the prescription domain, the company has a trade network in France, five branches abroad (Italy, Spain, Belgium, Morocco and Tunisia). It exports its products to more than 35 countries. The company makes a turnover of almost 40 million euros and has 300 employees in France and worldwide.

Since 2015, the image of the firm has been totally rethought to propose a new range of innovating products with a very high concentration of active ingredients for all types of skin, even the most sensitive ones.

LE COUVENT DES MINIMES

Natural cosmetics based on medicinal herbs.

Chairman : Didier TABARY | Turnover: € 8 M | Investment: 2017 | fr.lecouventdesminimes.com

Le Couvent des Minimes is a brand of cosmetics and natural care that offers a full range of balms, Cologne and natural and traditional toiletries.

Built in 1613 in the village of Mane, in the South of France, Le Couvent des Minimes was turned into a hospice in 1862. Le Couvent des Minimes was created in 2004 by L’Occitane Group to perpetuate this tradition of care, simplicity and generosity.

Their products are sold over fifteen countries, mainly in selective distribution (pharmacies and perfumeries).

Managing Director: Benoît BEYLS | Turnover: € 40 M | Investment: 2014 | www.labo-svr.com

I am delighted to have found Didier Tabary and HLD as shareholders. These long

term investors will enable the realization of the French and international ambition which

drives the SVR team.

Benoît BEYLS- Laboratoires SVR -

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TRANOÏ

Professional trade show organizer for fashion creators.

The Tranoï Group is specialized in professional trade show organization dedicated to international top-of-the range creators.

Every year, Tranoï gathers more than 1 500 exhibitors, 70% from abroad.

The group organizes four exhibitions per year: Men, Women, Preview and an international exhibition in New-York.

These exhibitions take place in prestigious places : Carrousel du Louvre, Palais Brongniart, Cité de la mode et du design (since 2016).

Tranoï benefits from several growth areas, in France with the recent launch of the Preview salon, and internationally with the development in New-York and opening projects in Asia.

CEO: Armand HADIDA | Turnover: € 20 M | Investment: 2013 | www.tranoi.com

HLD have shown a common interest and a desire to sup-port our expansion project.

ArmandHADIDA

- Tranoï -

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COYOTE

French driving assistant leader.

Founded in 2006, by Fabien Pierlot and Jean-Marc Van Laethem, Coyote has developed the first real time-road information systems based on data given by users.

The patented technology of Coyote is available through connected devices, applications and solutions directly inbuilt in cars (Renault, Citroën, and Peugeot). The company benefits from a strong position in two historical markets: France and Belgium, the loyalty of its community of nearly 5 million members and a strong reputation thanks to its innovation capacity. In October 2014, the company launched the first warning with integrated camera the “Coyote S” allowing the recording of the last ten minutes of your journey in the event of a crash.

The shared aim of the founders and HLD is to continue the development of the company in France and Belgium; to reinforce the Europeanization of the company especially in Italy and Spain; and to help the development of innovating services linked to the connected car.

CEO: Fabien PIERLOT | Turnover: € 100 M | Investment: 2014 | www.moncoyote.com

We are now confident of meeting the challenge of the Europeanization of our ser-

vice and extending it into new innovating offers.

FabienPIERLOT

- Coyote -

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SARENZA

Online French shoe retail market leader.

Founded at the end of 2005, Sarenza is one of the pioneers of online shoe retailers in Europe with more than 4 million customers.

By offering a range of middle to high range shoes SARENZA has set itself apart. The proposed range of products adds to more than 740 brands, 7 house brands and 70 exclusivities therefore offering more than 55 000 models.

Sarenza has reinforced its service quality during the last years, by being the first brand to commit itself to a 24 hour delivery service after order.

Since HLD took a controlling stake in the company, organic growth is over 20%. In 2016, the company treated more than 3,2 million orders and recorded an organic growth of 30% in France and also in Europe where the brand is present in more than twenty countries.

The investment of HLD enabled Sarenza to speed up its international development and to strengthen its leadership in France at the same time.

CEO: Stéphane TREPPOZ | +3,2 million orders and 4 million clients | Investment: 2014 | www.sarenza.com

HLD is a group of entrepre-neurs who think like entrepre-neurs and involve themselves

on a daily basis to help us improve.

StéphaneTREPPOZ

- Sarenza -

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ELIVIE

Third French actor on the home health market.

Elivie is the third healthcare provider in France.

Born in 2016 from the merger of IP Santé Domicile and AMS Medical, the company installs the necessary medical material for homecare and delivers a set of complementary services.

It assists more than 90 000 patients and employs almost 1 100 professionals.

Elivie has a network of more than 50 proximity agencies and mainly operates in respiratory assistance, perfusion, nutrition and insulin therapy.

CEO: Larbi HAMIDI | Turnover: € 130 M (consolidated accounts) | Investment: 2015 | www.elivie.fr

Today, our company project is to engage in an ambitious and long term development

cycle. The consortium HLD, UI Gestion and DV France gives us time, resources and exper-tise to achieve our project: it’s

a major opportunity for the company.

LarbiHAMIDI

- Elivie -

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GROUPE GEKKO

BtoB hotel reservation platform.

Created in 2010, the GEKKO group is composed of two hotel booking platforms for professionals, Teldar Travel and Hotel Corporate System. The first one is for travel agencies and the second one for key accounts (companies and administrations).

Gekko has also created the very first hotel wholesaler exclusively dedicated to the French market: Infinite Hotel

The group has developed a new technology enabling it to monitor the needs of its market and to adapt to it.

Gekko disposes of 300 000 hotels worldwide.

The company has seen a growth of its business volume of almost 40% per year over the 3 last years, on a fast-growing market.

CEOs : Olivier DELOUIS and Stéphane de LAFORCADE | Turnover: € 150 M | Investment: 2015 | www.gekko-holding.com

We have major ambitions of growth, diversification and internationalization for our

group. HLD is clearly the best partner to help us reach our

goals because of its strategic vision and the entrepreneurial spirit that motivates the group

and its partners.

Olivier DELOUIS & Stéphane de LAFORCADE

- Groupe GEKKO -

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ALCHIMIE

Create and supply entertainment apps for mobiles and tablets.

HLD support allows us to speed up our ambitions, espe-cially in streaming video, and international growth enabling us to become a major Euro-

pean actor.

NicolasD’HUEPPE

- Alchimie -

Alchimie is an e-merchant, leader in the distribution of dematerialized goods by micro-subscription in entertainment, creativity and cultural areas.

For 10 years, its 150 mobile experts have been sourcing from the best developers of innovating apps. Based in France, Germany, Australia and Mexico, Alchimie operates in almost ten countries and generates a turnover of 70 million euros. Thanks to its technological platform, Alchimie offers multi-screen music, videos, TV, personalisation and gaming through telecom operators.

CEO: Nicolas D’HUEPPE | Turnover: € 70 M | Investment: 2015 | www.alchimie.com

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FUNBRIDGE

French leader of bridge online, available on Mac, PC, tablets and mobiles.

The resources of HLD, the know-how of the GOTO

GAMES teams, my experience of sportive marketing, and our partners, together, open new horizons for growth, develop-

ment and expansion in Europe where Funbridge is already

leader as they are in America and Asia.

Laurent DAMIANI

- Funbridge -

Available on smartphones, tablets and computers, Funbridge is the biggest bridge club on internet. This bridge game gathers over 50 000 worldwide players with 1 million games being played daily.

At any given time of the day this app give to players the choice of playing different deals from anywhere in the world.

Available in 13 languages, Funbridge has a community of 400 000 members.

CEO: Laurent DAMIANI | + 400 000 members, from 167countries | Investment: 2016 | www.funbridge.com

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TESSI

France’s leading provider of document automation solutions, payment systems, gold and currency

transactions and promotional marketing.

We share with HLD the same entrepreneurial spirit and

the same proactivity that are essential to accelerate our

development momentum at European level.

ClaireFISTAROL

- Tessi -

Founded in 1971, Tessi is specialist in the outsourced management of documentary and payment flows, back office operations and promotional marketing. The company also provides, through CPoR Devises, services for buying and selling physical gold for investment purposes and currency in France, francophone Africa and Cuba. Listed on Euronext, Tessi now employs more than 7,500 people and produces 1/3 of its turnover outside of France.

Already well established internationally, particularly in Spain and Switzerland, Tessi’s ambition is to consolidate its positions and become the leading BPO operator at European level for the digital transformation of business processes.

HLD’s investment in Tessi aims to support the company to reinforce its leading position in France and to support its growth in Europe through acquisitions (Spain, Italy, Germany, Switzerland…).

Managing Director: Claire Fistarol | Turnover: € 400 M | Investment: 2017 | www.tessi.fr

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PROUD OF OURTEAM

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A team, always by your side, to support your ambitions and guide you.

All our informations on www.groupehld.com

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LUXEMBOURG

25 rue Philippe llL-2340 Luxembourg

TEL : +352 20 40 26 60

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OUR OFFICES

PARIS

41-43 rue Saint Dominique75007 PARIS

TEL : +33 1 80 48 06 70

MILAN

Via Giuseppe Mengoni 4.20 121 Milano

TEL : +39 02 30 31 52 05

ZURICH

Schnabelweg 518832 Wilen bei Wollerau

TEL : +41 7 94 21 03 30

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2017/01