VC AND PE FUNDRAISING FOR SAAS Pitchbook data up to September 2022 indicates that $348 billion has been raised in PE funding in 2022. This would mean that the amount raised is likely to be in line with 2020, which was the third highest raising year on record. PE Funding Raised ($B) $538.5 $543.0 $462.7 $420.0 $385.3 $364.6 $354.3 $347.9 $336.7 $168.6 $315.8 $272.4 $112.4 $269.0 $177.6 $180.0 2007 2008 2009 2010 2011 2012 2013 2014 2015 2016 2017 2018 2019 2020 2021 2022* FE International served as the exclusive M&A advisor on the sale of The Systems House, Inc to Aptean. The Systems House, Inc. was launched in 1979 as one of the largest IBM vendor partners to serve the Distribution Industry. Over the past 40+ years, the Company focused its attention on CASE the needs of the Medical Distribution Industry and successfully transformed its solution from on-premise to the cloud. The Company now offers a holistic ERP system that covers every phase of distribution management in the medical and healthcare supply chain. STUDY: The Seller had previously tried to sell the Company in 2021 and was in conversations with several North American vertical software acquirers. No deal was struck and the Seller engaged FE International in early 2022 to conduct a formal M&A process. As part of the M&A process, FE International reached out to institutional and strategic buyers, executed dozens of NDAs, and received 13 IOIs in the first round of bidding. FE International invited six bidders back for a second/final round of bidding and an LOI was executed with Aptean. The deal FE International secured represents a 122% price improvement when compared to the initial bids submitted by the buyers that the Seller brought to the table. FE INTERNATIONAL PAGE 07