EFTA Document EFTA01374904

SRLP102 Alpha Group Capital Siris Capital Group Overview Differentiated Strategy. Effective Execution. Operational Focus. Sims C .0pn riti (i/OU/ 1. t SIRIS Firm • New York-based investment firm targeting value technology businesses in transition • Founders Frank Baker. Peter Berger and Jeffrey Hendren have worked together for over 18 years ■ Experienced group of operating executives ('Executive Partners') deployed to help execute strategic and operational objectives Currently investing out of - $1.8 billion Siris III; - $5.5 billion of cumulative Fund capital commitments Invested $4.7 billion' of equity in 14 investments Strategy • Research driven alternative investment manager that targets value technology businesses in transition Study specific silos within the tech space - Bond / Call investment strategy creates multiple ways to win, driving alignment for value creation Disciplined purchase price and conservative use of leverage • Drive strategic operational improvements post closing • Focused strategy with concentrated portfolio (target - 2 deals I year) Performance Summary Sifis I - Core3 Vintage: 2007 • Fund Size: $500 million Core -Gross / Net IRR: 50% / NA Cote • Oros l Net MOIC: 2.9x/ NA Total Gross / Net IRR: 10% I NA Total Gros I Net Lim: 1.4x I NA Executive Partners Cost savings execution experience at Siris portfolio companies Tech, telecom, and tech-enabled B2B services experience Leverage deep operational experience Siris Partners II ■ Vintage: 2012 • Fund Size: $641 million Gross/Net IRR: 26% 116% Gross/NM MOIC: 1.6x 1.4x 9 Siris Partners III Vintage: 2015 Fund Size: $1.81 billion Gross/Net IRR: 27%! 17% Gross/Net MOIC: 1.6x 11.9x Operational Excellence Team Seeks to apply best practices portfoliowide • Facilitates cross-portfolio initiatives Initiates and quarterbacks third party engagements Capital Markets • Coordinates and negotiates debt raising across the portfolio Seeks economies ot scale and scope to lower capital markets associated costs 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 .41 p•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 wet.... Ars 'Arry.L. ere. advm•lan rAgettnitn. 14.n I Ce.m•turs urkuk 'al •Ahdiletihani.d.le C... Bad sousthe agtasateses......S.. C.A.S.DIEFRamINVIC with ea • MTh) es wx•avine halo. (*nu, NA. .131 11. pl v.1 AV., Nei MA' a• mei rya Ana I. en et h. I mehdatCeatike• a AN 41,4 48. reths In netwenni• woo pet Awl •• avonaprnmIls...4 can.alann p.111. ill•al-Ita tanc...4 h., • ... 1/4 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.... A4 A.A. 2 CONFIDENTIAL - PURSUANT TO FED. R. CRIM. P. 6(e) DB-SDNY-0069845 CONFIDENTIAL PROT1 PROT0