riverside ar 2010 uk english

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EVOLUTION. THE RIVERSIDE COMPANY 2010 YEAR IN REVIEW

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2010 Annual report Riverside

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Page 1: Riverside Ar 2010 Uk English

EvoLUTIon. ThE RIvERSIdE ComPAny2010 Year in review

Page 2: Riverside Ar 2010 Uk English

“It is not the strongest of the species that survives, nor the most intelligent that survives. It is the one that is the most adaptable to change.”CHarLeS Darwin

Page 3: Riverside Ar 2010 Uk English

www.riverSiDeeurope.Com partnerSHip . growtH . integritY

2010 at a gLanCe 4

aSia-paCifiC growtH 6

SpeCiaLiSeD inveSting 7

2010 aCquiSitionS 8

Creating LaSting vaLue 11

2010 exitS 12

CHaLLengeS anD CHange 15

funD aCtivitY 16

CaSe: Summit meDiCaL group 17

ContaCt uS 18

ConTEnTS2010 Year in review

Page 4: Riverside Ar 2010 Uk English

4 5

AT A GLAnCE

2010 In nUmbERS

2010 Year in review

Riverside continued to evolve in 2010 by growing and increasing the value of its portfolio, expanding globally, and by achieving unprecedented realisations.

With a record-setting december, positioning the firm for another remarkable year of growth for its portfolio and investors, Riverside had one of the best years in its history. For the year, Riverside completed 24 acquisitions and exited 11 platforms, numbers which included the 300th overall transaction for the 23-year-old company.

HigHLigHtS inCLuDe:

• Closing 24 acquisitions, including 13 platforms

• Returning €440 million to investors thanks to 11 exits that generated a combined gross cash-on-cash return of 3.0x

• Closing the 4th Riverside Europe Fund (REF Iv) at €420 million and Riverside Asia-Pacific Fund I (RAF I) at $28 million

• Opening an office in Melbourne, Australia to support the growth of RAF I

• Growing geographically and making the firm’s first investments in Australia, France, Spain, Italy and Turkey

• Completing the 20th education and training investment and the 50th healthcare investment

All figures as of 31 december 2010 unless otherwise stated.

aCquiSitionS

exitS

inveSteD

returneD

“Our results speak for

themselves. For the second

year in a row we overcame

challenges to deliver superior

returns for our investors.

Our track record in good

times and bad clearly

demonstrates the effectiveness

of our commitment to buying

and building outstanding

companies at the smaller

end of the middle market all

around the world.”

BéLa SzigetHY, riverSiDe Co-Ceo

Page 5: Riverside Ar 2010 Uk English

www.riverSiDeeurope.Com partnerSHip . growtH . integritY

oUR PoRTFoLIo In nUmbERSThe Riverside Company is a global private equity firm that acquires growing enterprises valued at up to €200 million. The firm partners with strong management teams and enhances its investments through acquisitions and organic growth. Since its founding in 1988, Riverside has invested in over 245 transactions with a total enterprise value of more than €4.6 billion.

Riverside practices a rigorous and consistent deal selection process. by evaluating thousands of deals every year, Riverside gets to know markets well and selects only truly special companies.

The firm’s portfolio in north America, Europe and the Asia-Pacific region includes over 70 companies with roughly 13,000 employees. Riverside completes acquisitions smoothly thanks to €2.5 billion in assets under management, more than 195 professionals in 19 offices, and longstanding relationships with partner lenders.

Current portfoLio CompanieS

gLoBaL empLoYeeS

riverSiDe offiCeS CountrieS CovereD BY riverSiDe

aSSetS unDer management*

*aS of 30/09/2010

Page 6: Riverside Ar 2010 Uk English

6 7

ASIA-PACIFIC GRoWTh2010 Year in review

Riverside expanded to the Asia-Pacific region by establishing the Riverside Asia-Pacific Fund (RAF) and opening its first Asian office in Tokyo, Japan in 2007. The firm has since opened offices in Seoul, South Korea and hong Kong, China. In 2010, Riverside established its first Australian office in melbourne. The RAF portfolio includes five platform investments, with more working their way through the deal pipeline.

Riverside’s Asian efforts go beyond investments, however. Riverside has long recognised the value of adding resources in Asia to help its global portfolio source customers, providers and opportunities on a pan-Asian basis.

Riverside’s dedicated resources on the ground allow its 70+ global portfolio companies to successfully leverage opportunities in Asia, by working with them to tailor effective Asia-Pacific strategies. This can involve facilitating market research, providing manufacturing and sourcing advice, and sharing sales and distribution recommendations. These efforts have produced myriad successes for Riverside’s portfolio, including new factories, partnerships, acquisitions, and countless other benefits.

Riverside looks forward to deepening its presence in the Asia-Pacific region with both new deals and further expansion of its Asian operating strategy.

“The opening of our

Australian office fits our

business model, which

emphasises a local presence

backed by a powerful global

network of offices, professionals

and capabilities. It allows us to

clearly understand the markets

in which we invest, which allows

us to capitalise on possibilities

whenever and wherever they

may arise.”

Stewart KoHL, riverSiDe Co-Ceo

Page 7: Riverside Ar 2010 Uk English

www.riverSiDeeurope.Com partnerSHip . growtH . integritY

After completing more than 245 transactions since 1988, Riverside is a well-established generalist investor. however, the firm also recognises the importance of developing specialties in several sectors where it has built a wealth of experience.

Riverside has developed extensive experience in select industries, and has built teams of experts to focus on healthcare, education and training, clean technology, franchising and software. Riverside’s intense focus allows the firm to see more deals in these select industries, then evaluate them more effectively, and bid on them more quickly. After purchase, these industry specialisation experts bring decades of executive experience in their respective industries to provide crucial advice, skill and guidance that drives growth at portfolio companies, captures potential, and helps source and integrate add-on opportunities.

HealthcareRiverside seeks products or services centred on patient preference, improving quality of care, or taking cost out of the healthcare system. healthcare is Riverside’s most active specialisation, with 50+ acquisitions to date.

education and trainingRiverside is a sophisticated education and training investor, having made more than 20 investments in the segment. Some of the firm’s most-successful investments, including its largest gain ever with the sale of ATI Enterprises, a post-secondary career training provider, have come through its expertise in adding value to education and training companies.

Clean technologyAs environmental regulations and concerns escalate globally, Riverside anticipates strong growth in alternative energy and energy efficiency markets. Riverside is expanding its targeted efforts to invest in clean technology and energy efficiency companies, which has already produced several successful exits, including danish oil services company Welltec.

franchisingFranchises can provide virtually any service imaginable. Though a widely varied field, Riverside’s long experience in franchising helps the firm understand common challenges and capitalise on the compelling opportunities that successful franchises offer, such as recurring fee revenues and broad expansion potential.

SoftwareAs innovations in technology continue, the development of specialised software represents an attractive area of growth. Past and current Riverside software investments typically help companies control costs while enhancing productivity, efficiency and customers’ experiences.

Riverside believes strong specialisations are a critical element in the future of the firm. As new and diverse opportunities present themselves, Riverside will continue to evolve and develop specialities to achieve deeper industry knowledge and to successfully compete in global markets.

“We do all kinds of deals, but by being specialised and focused in select areas, we gain a better understanding of transactions we are considering, as well as more credibility with management teams; this extra horsepower at the smaller end of the middle market separates us from the pack in areas with strong growth potential.” pam HenDriCKSon, riverSiDe Coo

2010 Year in review

SPECIALISEd InvESTInG

Page 8: Riverside Ar 2010 Uk English

2010 ACqUISITIonS2010 Year in review

pLatformS

retail zoo Acquired: April 2010 Location: Australia

mansell group Acquired: April 2010 Location: United States

naKaAcquired: may 2010Location: Japan

mLCoaAcquired: may 2010Location: Australia

tropikalAcquired: July 2010Location: Turkey

the arena groupAcquired: September 2010Location: Italy

the Lumen Dynamics groupAcquired: october 2010Location: Canada

g&H wire CompanyAcquired: december 2010Location: United States

Sunrise windowsAcquired: december 2010Location: United States employment Law training Acquired: december 2010Location: United States

DiSa, inc.Acquired: december 2010Location: United States

orlimanAcquired: december 2010Location: Spain

aDD-onS

advocate medical Services [activStyle]Acquired: January 2010Location: United States

positive options [Crisis prevention institute]Acquired: march 2010Location: United States

reed Business information [media Source]Acquired: march 2010Location: United States

eska implants [Summit medical Limited]Acquired: April 2010Location: Germany

Lewis Computer Services [HeaLtHCarefirst]Acquired: June 2010Location: United States

proSchools [onCourse Learning]Acquired: June 2010Location: United States

Celvitae Biomedica [Crioestaminal]Acquired: July 2010Location: Spain

orthomed [the Summit medical group]Acquired: october 2010Location: France

whatCounts [the mansell group]Acquired: december 2010Location: United States

perkins products [Du Bois Chemicals]Acquired: december 2010Location: United States

Carefacts [HeaLtHCarefirst]Acquired: december 2010Location: United States

“Despite a tough time all round, Riverside has remained consistently active in the pan-European market over the past 18

months. In 2010 they acquired and exited several investments and due to successfully

raising new funds, are well positioned to continue this pace into 2011 and beyond.”

JuLian tunniCLiffe, LinCoLn internationaL LLp managing DireCtor

8 9

Page 9: Riverside Ar 2010 Uk English

ACqUISITIon hIGhLIGhTS2010 Year in review

retaiL zoo Acquired: April 2010 Location: Australiawww.boostjuicebars.com

CompanY Retail Zoo is the holding company that owns boost Juice bars and majority stake in Salsa’s Fresh mex Grill. boost Juice bars was born in 2000 in Australia, when mum of three, Janine Allis, decided there was a lack of healthy options available for her family. The first store opened in Adelaide, and over the following 10 years more than 250 stores have opened throughout Australia and the rest of the world.

inveStment rationaLe

• Market leader in juice and smoothie market in Australia

• Emerging leader in growing Mexican food segment

• Meaningful domestic and international growth prospects

www.riverSiDeeurope.Com partnerSHip . growtH . integritY

retaiL zoomeLBourne, auStraLia

manSeLL group Acquired: April 2010 Location: United Stateswww.mansellgroup.com

CompanY mansell Group’s principal service is web-based e-mail marketing through a software-as-a-service platform. The company also does SmS mobile marketing, broadcast voice messaging, database management, customer intelligence, and online lead generation services.

inveStment rationaLe

• Strong growth and attractive market trends

• Base of recurring revenue

• Significant opportunity to acquire add-on investments

• Compelling value proposition for customers and base of recurring revenues

“What a great way to get

started investing in

Australia. Retail Zoo is a

high-profile company that’s

enjoyed a great track record

of success. We look forward to

working with the Retail Zoo

team to make the company even

bigger and better.”

Simon feigLin, riverSiDe partner

Page 10: Riverside Ar 2010 Uk English

10 11

tHe Lumen DYnamiCS groupAcquired: october 2010Location: Canada www.ldgi.com

CompanY The Lumen dynamics Group (LdG) specialises in developing high-intensity Uv illumination and curing products by leveraging a unique portfolio of patented technologies and processes that use arc lamp, radiometry and light-emitting diode (LEd) technology. LdG had previously been a part of the Life Sciences and Industrial division of EXFo, Inc., a publicly traded Canadian corporation.

inveStment rationaLe

• Market leader with established brands and differentiated technology offering

• Proven technology development and commercialisation processes

• Strong customer retention and repeat revenues

tHe arena groupAcquired: September 2010Location: Italywww.arenainternational.com

CompanY Founded in 1973, Arena creates and markets waterwear products for competitive and recreational swimmers, and it is recognised as one of the premium brands for high-quality swimwear and equipment. A worldwide player in the competitive waterwear segment, with 2009 net sales of roughly €100 million, Arena distributes its products in over 100 countries.

inveStment rationaLe

• Stable business in a niche, non-cyclical industry

• Leading brand in waterwear sports market in France, Italy and Germany

• High barriers to entry due to technological knowhow in racing swimwear

tHe arena grouptoLentino, itaLY

“We are extremely

confident towards the

future, as we truly believe

that Riverside will be an

outstanding partner, able to

support Arena in its aim to

become the global leader

in the the waterwear sports

market.”

CriStiano portaS, arena group Ceo

Page 11: Riverside Ar 2010 Uk English

www.riverSiDeeurope.Com partnerSHip . growtH . integritY

CREATInG LASTInG vALUE2010 Year in review

Riverside begins adding value as soon as it invests in a company, and strives to leave companies poised for even more success upon exit. The results of the firm’s operating intensive approach are clear: In its 23-year history, Riverside has grown EbITdA by an average of over 24% for all portfolio companies. This focus on growth has in turn resulted in a 53% gross IRR and a 3.5x cash-on-cash return for investors through the firm’s 61 lifetime exits.

Riverside’s talented operating team of 25 professionals worldwide improves portfolio companies from the time of due diligence all the way through to exit. Riverside does this by adding new products, services, markets and talent to portfolio companies. The operating team also digs deeper, professionalising and improving processes like financial reporting, marketing and sales. Riverside boosts the effectiveness of management teams by giving them access to ongoing training and education resources through Riverside University.

Add-on acquisitions, which maximise benefits through synergies and additional customers, talent and products, are another key growth driver. more than 100 of Riversides 245+ lifetime investments have been valuable add-on acquisitions that clearly amplify performance at exit. of Riverside’s 61 exits, the gross cash-on-cash return for the 33 companies with one or more add-on was 3.7x while the return for the other 28 was 2.9x.

This operating expertise and commitment helped steer Riverside portfolio companies through the worst of the global economic crisis. by focusing on value rather than leverage, Riverside’s team helped portfolio companies realign strategies and prosper at a time when others had to fold.

The Riverside operating team’s tireless efforts and constant monitoring reduces risk and creates EbITdA. It’s all part of Riverside’s commitment to build shareholder value the right way.

“Thanks to the involvement

of the operating team and strong

management cooperation, we

were able to drastically improve

performances at Agens: in

terms of EBITDA, from negative

to more than €7 million, and

company value from zero to €40

million. This is a prime example

of our ability to intervene in

a troubled situation and fix

the issues using our model of

operational excellence - a model

that we apply consistently

in each of our portfolio

companies.”

faBio peSiri, riverSiDe operating partner

riverSiDe LeaDerSHip Summit 2010

Page 12: Riverside Ar 2010 Uk English

12 13

2010 EXITS2010 Year in review

entrixAcquired: February 2003Exited: June 2010

teufel Speakers gmbHAcquired: october 2006Exited: July 2010

veritextAcquired: August 2005Exited: July 2010

Commonwealth Laminating & CoatingAcquired: April 2006Exited: August 2010

whitney automotive groupAcquired: June 2002Exited: August 2010

Computer pressAcquired: June 2005Exited: September 2010

Stoffel SealsAcquired: october 2004Exited: September 2010

Hardware resourcesAcquired: october 2004Exited: november 2010

maverickAcquired: September 2004 Exited: december 2010

gti DiagnosticsAcquired: July 2008 Exited: december 2010

the Dwyer groupAcquired: october 2003Exited: december 2010

“A heartfelt thanks to The

Riverside Company for

believing in our Code of

Values, for investing in our

business, for supporting the

acquisition of additional

franchise brands, for assisting

us in the improvement and

expansion of our corporate

headquarters and for being

the right partner at the right

time.”

Dina DwYer-owenS, DwYer Ceo anD CHairperSon

2010 exitS: ComBineD groSS irr

2010 exitS: ComBineD groSS CaSH-on-CaSH return

Page 13: Riverside Ar 2010 Uk English

www.riverSiDeeurope.Com partnerSHip . growtH . integritY

veritextveritext provides court-reporting services to law firms, insurance

companies, and corporations.

Acquired: August 2005

Exited: July 2010

KeY StatiStiCS: • 5.1x Gross Cash-on-Cash Return

• 38% Gross IRR Riverside grew veritext aggressively through the acquisition of 13 strategic add-ons, which were integrated rapidly and benefited greatly from veritext’s reputation in the market and its strong infrastructure. Additionally, the add-ons deepened veritext’s penetration of existing markets and helped increase revenue by adding customers that required veritext for large, complex and costly cases. Riverside also helped the company develop its infrastructure, technology, capabilities, and expertise. The net result of these efforts was consistently strong organic growth throughout the ownership period. by doubling its national sales force under Riverside’s ownership, veritext gained new blue-chip clients while deepening existing relationships. Strategically, Riverside helped veritext to increase revenues by expanding services, capturing more complex, high-end litigation, and introducing value-added technical services and features, such as an online database that provides easier access to the company’s extensive library of transcripts.

teufeL SpeaKerS gmBH BerLin, germanY

EXIT hIGhLIGhTS2010 Year in review

teufeL SpeaKerS gmBH Teufel is a berlin-based industry leader in the design, development and direct sale of audio and speaker systems, with a pure eCommerce business model. Acquired: october 2006 Exited: July 2010

KeY StatiStiCS: • 6.5x Gross Cash-on-Cash Return

• 61.6% Gross IRR After almost four years of successful ownership, Riverside sold

berlin-based Teufel to hgCapital. At the time of purchase,

Riverside recognised the opportunity to acquire an attractive,

privately owned company with strong growth prospects

supported by the positive market dynamics. With the support

of Riverside, Teufel expanded its portfolio and began to

successfully sell into other European countries outside of its

core market in Germany. Through the implementation of a

succession plan with Thorsten Reuber, the CEo who started

shortly after acquisition, Riverside worked with management

to more than double Teufel’s earnings in this period, from €16

million to €41 million. The number of employees also tripled

from 26 to 72, reflecting the true growth in the business.

“Teufel is a success story for

all parties involved. The

management of the company

has developed a very dynamic

business and the offering to

Teufel’s customers is now more

comprehensive than ever before.

The Teufel case is a great

example on how private equity

can add value to small/mid-cap

companies.”

voLKer SCHmiDt, riverSiDe partner

Page 14: Riverside Ar 2010 Uk English

14 15

gti DiagnoStiCSGTI diagnostics develops, manufactures and markets specialty

test kits for the in vitro diagnostics industry.

Acquired: July 2008

Exited: december 2010

KeY StatiStiCS: • 2.6x Gross Cash-on-Cash Return

• 46% Gross IRR

during its ownership period, Riverside concentrated on

improving GTI’s sales, and boosted its presence in Europe,

Australia and Asia while expanding the company’s product

offerings and growing organically. GTI also benefited from

Riverside’s operational expertise, which helped improve the

company’s profitability, improved inventory control, reduced

working capital requirements, and optimised pricing.

CommonweaLtH Laminating & Coating virginia, uniteD StateS

CommonweaLtH Laminating & CoatingCLC designs, manufactures and distributes window film for the

automotive, residential and commercial markets.

Acquired: April 2006

Exited: August 2010

KeY StatiStiCS: • 10.0x Gross Cash-on-Cash Return

• 68% Gross IRR

Riverside purchased CLC in April 2006, and during its hold

period supported management in a number of initiatives that

drove rapid organic growth. Under Riverside’s stewardship,

CLC made capital investments that significantly boosted the

company’s production capacity and invested in a new dyed

film line that improved product quality and strengthened the

company’s competitive position. The company expanded

its international presence during Riverside’s ownership period

by opening three new international distribution centres and

relocating a fourth. during this time, CLC also expanded

its product line, most notably in flat glass applications in

residential and commercial buildings.

“Riverside played

a crucial role in a

remarkable expansion at

CLC that allowed us to take

market share and prepare

for the future in the midst

of one of the worst economic

downturns in modern

history.”

StepHen pHiLLipS, CLC preSiDent anD Ceo

Page 15: Riverside Ar 2010 Uk English

www.riverSiDeeurope.Com partnerSHip . growtH . integritY

ChALLEnGES And ChAnGE2010 Year in review

Since the beginning of the global economic crisis, the private equity industry has experienced worldwide efforts to implement additional regulatory measures. This regulation aims to mitigate a number of perceived risks within the sector, including excessive leverage and risk-taking, lack of investor protection, market abuse and conflicts of interest, and social imbalances.

From the outset, Riverside has embraced the opportunity to be part of this process and is well prepared to comply with all new regulations. The firm has proactively assumed senior industry leadership roles in Europe, worked with the U.S. Congress, and joined key private equity organisations internationally. Riverside is proud of its way of practising private equity, and has been pleased with the opportunity to add its voice of support for the private equity industry. The firm supports the global monitoring of the industry, increased transparency and the overall need for the industry to become less private as it matures.

Riverside believes in growth. With this in mind, the firm continues to stress the importance of small- to medium-sized enterprises and their critical role in sustaining and growing economies globally. Increased regulation and monitoring must recognise private equity’s role in sponsoring and promoting growth and should not inhibit the ability for companies to access stable, affordable financing. This objective must be kept in mind as new regulation is implemented at the practical level globally.

Ultimately, Riverside welcomes the conclusion of regulation discussions so that critical investment can continue at pace.

Lifetime exitS

Lifetime: 53% ComBineD groSS irr

Lifetime: 3.5x ComBineD groSS CaSH-on-CaSH

“Two important things

stood out this year: First,

deal volumes started to climb

again and the private equity

industry showed that it is still

in business and can be a very

relevant force in reigniting

economic growth. Secondly,

we became a regulated

industry both in Europe and

and the USA. Now it’s time to

look forward.”

tonY CaBraL, riverSiDe managing partner

Page 16: Riverside Ar 2010 Uk English

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16 17

FUnd ACTIvITy 2010 Year in review

In 2010 Riverside put €192 million to work on behalf of its investors, and returned €440 million - making it the second year in a row and the fifth time in the past six years that Riverside has returned more money than it has invested. Riverside’s 11 exits generated a 3.0x gross cash-on-cash return, including eight exits that achieved over 2.5x gross cash-on-cash return.

Riverside invests through four fund families around the world:

• riverside Capital appreciation fund (rCaf) invests in north American-based platform companies with EbITdA of $5 million to $20 million.

• riverside europe fund (ref) invests in leading companies throughout Europe with EbITdA of between €3 million to €20 million.

• riverside micro-Cap fund (rmCf) seeks fast-growing U.S.-based “micro” companies with up to $5 million in EbITdA.

• riverside asia-pacific fund (raf) targets the developed economies of the Asia-Pacific region, focusing on companies with less than $10 million in EbITdA.

in 2010, riverside celebrated the closing of the following funds:

• Riverside Europe Fund IV (REF IV) – Closed at €420 million, a 31% increase from the previous vintage. Investors included existing and new LPs from Europe, the U.S. and Asia-Pacific, and included pension funds, asset managers and family offices.

• Riverside Asia Fund I – Inaugural Asia fund closed at $28 million, and has already invested over $70 million in five platform companies using both fund capital and co-invest.

As the market continues to thaw, Riverside will leverage its global presence and €2.5 billion under management to pursue attractive investment opportunities throughout north America, Europe and developed Asia-Pacific economies.

0%

-5%

5%

10%

15%

20% 10-Year return CompariSon

All figures as of 31 december 2010 unless otherwise stated.

“Riverside is well-known in the limited partner community as one of the premier middle market private equity managers.

As a repeat investor in Riverside funds, CFIG recognises the Riverside team as an

experienced manager that adds value to its portfolio companies and consistently

delivers strong returns to its clients.” KeLLY wiLLiamS,

managing DireCtor anD HeaD of tHe CreDit SuiSSe CuStomizeD funD inveStment group

Page 17: Riverside Ar 2010 Uk English

www.riverSiDeeurope.Com partnerSHip . growtH . integritY

The results have been impressive; group annual turnover for 2010/2011 is projected

to be £29.3 million which represents growth of 60% from the prior year.

2010 Year in review

CASE: SUmmIT mEdICAL GRoUP

Acquired by Riverside in 2008, Summit medical Group focuses on orthopaedics and infection control and has a strong reputation in implants, disposable accessories and blood management. Its products include cement mixing devices, autologous blood transfusion and wound drainage devices, disposable anti-bacterial hospital privacy curtains, specialist implants used in knee and hip replacements and soft-tissue repair products.

In April 2010, Riverside completed the strategic add-on of ESKA orthodynamics Gmbh to the group. This acquisition increased Summit’s international presence and export activities while enhancing its product offering.

The add-on of orthomed in october 2010 further strengthened Summit’s product portfolio, reinforcing its research and development capabilities and providing an entry point for the wider range of Summit products into emerging markets like brazil.

In addition to acquisitions, Riverside has helped implement operating improvements, restructure the sales organisation, continue product innovation and accelerate organic growth, mostly through new exports.

The Summit Medical Group exemplifies Riverside’s approach to adding value to mid-sized firms.

Page 18: Riverside Ar 2010 Uk English

18 19

ConTACT US2010 Year in review

uniteD StateS of ameriCa

atlanta 2746 dover RoadAtlanta, GA 30327United StatesT: +1 770 948 4256

Chicago4545 n. hermitage AvenueChicago, IL 60640United StatesT: +1 773 334 7518

ClevelandTerminal Tower50 Public Square, 29th FloorCleveland, oh 44113United StatesT: +1 216 344 1040

Dallas3131 mcKinney AvenueSuite 160dallas, TX 75204United StatesT: +1 214 871 9640

Los angeles1453 3rd Street PromenadeSuite 305Santa monica, CA 90401United StatesT: +310 499 5080

new York45 Rockefeller Centre,630 Fifth Avenue, Suite 2400new york, ny 10111United StatesT: +1 212 265 6575

San francisco455 market Street Suite 1520San Francisco, CA 94105United StatesT: +1 415 348 9560

europe

Brussels, Belgium7. Avenue Lloyd Georgeb-1000 brusselsbelgiumT: +322 626 21 21

Budapest, Hungary1015-budapestbatthyány u. 49. hungaryT: +361 224 9050

Luxembourg, Luxembourg46A, Avenue J.F. KennedyL-1855 LuxembourgLuxembourgT:+ 352 271729 1

madrid, SpainSerrano 120-3°dcha28006, madridEspañaT:+34 91 590 1337

munich, germanyAlter hof 580331 münchendeutschlandT:+49 89 242 248 90

prague, Czech republicváclavské náměstí 832/19110 00 Praha 1 Česká RepublikaT:+420 224 890 166

Stockholm, Swedenblasieholmsgatan 4A114 48 StockholmSverigeT: +46 8 545 0 3030

warsaw, polandul. Zielna 37/c00-108 WarszawaPolskaT:+48 22 320 4820

aSia

Hong Kong, ChinaTimes SquareRoom 2912 Shell Tower1 matheson StreetCauseway bay, hong KongChinaT: +85 2 2159 7492

Seoul, South Korea21FL, Seoul Finance CenterTaepyeongro 1-ga, Jung-gu100-768 SeoulSouth KoreaT: +82 2 3782 6820

tokyo, JapanLevel 9, Kamiyacho Prime Place4-1-17, Toranomon, minato-kuTokyo 105-0001 JapanT: +81 3 5408 1230

auStraLia

melbourne, australiaLevel 35, 140 William Streetmelbourne vIC 3000AustraliaT: +61 3 9678 9145offiCeS, in 13 CountrieS aCroSS 4 ContinentS

YearS experienCe

empLoYeeS

Page 19: Riverside Ar 2010 Uk English

“We will continue to evolve. Because the world demands it. Because the race never ends. And because it is fun and rewarding - for you and for us.”BéLa SzigetHY, riverSiDe Co-Ceo

Page 20: Riverside Ar 2010 Uk English

© The Riverside Company 2011. Riverside and The Riverside Company are trademarks or registered trademarks of Riverside Partners L.L.C. in the USA and other countries and may not be used without permission. Although Riverside uses reasonable efforts to obtain information from reliable sources, Riverside makes no representation that the information or opinions contained in this brochure are accurate, reliable, complete or up to date, and such information and opinions are subject to change without notice. Information regarding the past performance of Riverside’s portfolio companies is not necessarily indicative of future results, and there can be no assurance that Riverside will achieve comparable results

on subsequent investments.