October, 2017

For 2017 YTD, strategic buyers accounted for 92% of the Transportation and Logistics M&A transactions with financial buyers
making up the difference; during 2016, strategic buyers accounted for approximately 91% of the transactions.

Select recent notable publicly announced M&A transactions:

– Penske Automotive Group, Inc. (NYSE:PAG); MBK USA Commercial Vehicles Inc. acquired Penske Truck Leasing Co., L.P. for approximately $670 million.

– EQT Partners AB acquired Global Gateway South Terminal for approximately $820 million.

– Scorpio Tankers Inc. (NYSE:STNG) acquired Navig8 Product Tankers Inc. for approximately $1.18 billion.

– Knight Transportation, Inc. (NYSE:KNX) acquired Swift Transportation Company (NYSE:SWFT) for approximately $2.97 billion.

– Grupo México Transportes S.A. de C.V. acquired Florida East Coast Holdings Corp. for approximately $2.1 billion.

October, 2017

For the 2017 YTD period, strategic buyers accounted for 90% of the Industrials and Manufacturing M&A transactions with
financial buyers making up the difference; during 2016, strategic buyers accounted for approximately 88% of the transactions.

Select recent notable publicly announced M&A transactions:

– Penske Automotive Group, Inc. (NYSE:PAG); MBK USA Commercial Vehicles Inc. acquired Penske Truck Leasing Co., L.P. for approximately $670 million.

– EQT Partners AB acquired Global Gateway South Terminal for approximately $820 million.

– Scorpio Tankers Inc. (NYSE:STNG) acquired Navig8 Product Tankers Inc. for approximately $1.18 billion.

– Knight Transportation, Inc. (NYSE:KNX) acquired Swift Transportation Company (NYSE:SWFT) for approximately $2.97 billion.

– Grupo México Transportes S.A. de C.V. acquired Florida East Coast Holdings Corp. for approximately $2.1 billion.

October, 2017

For the 2017 YTD period, Technology and Software transactions are on track with 2016 volume and are trading at significantly
higher multiples compared to 2016.

Select recent notable publicly announced M&A transactions:

– Cisco systems, inc. (nasdaqgs:csco) acquired appdynamics, inc. for approximately $4.03 billion.

– Inception parent, inc. acquired Rackspace hosting, inc. for approximately $4.95 billion.

– Micro focus international plc (lse:mcro) acquired Hewlett packard enterprise company, software business for approximately $8.73 billion.

– Oracle corporation (nyse:orcl) acquired netsuite inc. for approximately $7.08 billion.

– Siemens industry, inc. acquired Mentor graphics corporation for approximately $4.82 billion.

October, 2017

For the 2017 YTD period, strategic buyers accounted for 78% of the Home Décor M&A transactions with financial buyers making
up the difference; during 2016, strategic buyers also accounted for approximately 78% of the transactions.

Select recent notable publicly announced M&A transactions:

– Legrand North America, Inc. acquired Milestone AV Technologies, LLC for approximately $1.2 billion.

– Mill Road Capital LP acquired Lifetime Brands, Inc. (NasdaqGS:LCUT) for approximately $380 million.

– Stanley Black & Decker, Inc. (NYSE:SWK) acquired Newell Brands Inc., Tool Business including Irwin, Hilmor and Lenox Brands for approximately $1.95 billion.

– Stanley Black & Decker, Inc. (NYSE:SWK) acquired Sears Holdings Corporation, Craftsman for approximately $780 million.

– Steinhoff International Holdings N.V. (JSE:SNH) acquired Mattress Firm Holding Corp. for approximately $2.98 billion.

– Vitro, S.A.B. de C.V. (BMV:VITRO A) acquired PPG Industries, Inc., Flat Glass facilities in US and Canada and PPG Canada Inc. (Calgary) for approximately $750 million.

October, 2017

For 2017 YTD, total U.S. F&B announced transactions of 365 deals are on track to exceed 2016 record levels of 380.

Select recent notable publicly announced M&A transactions:

– Kellogg’s acquired Chicago Bar Company for approximately $600 million.

– Peakstone advises Labriola on sale of company to J&J Snack Foods for an undisclosed amount.

– Amazon.com, Inc. (NasdaqGS:AMZN) acquired Whole Foods Market, Inc. for approximately $14.62 billion.

– Peakstone advises PepperJax Grill on sale of company to TA Associates for an undisclosed amount.

– Peakstone advises Clearbrook Farms on sale of company to Glencoe for an undisclosed amount.

October, 2017

For the 2017 YTD period, strategic buyers accounted for 92% of the E-Commerce M&A transactions with financial buyers making
up the difference; during 2016, strategic buyers accounted for approximately 93% of the transactions.

Select recent notable publicly announced M&A transactions:

– Bain Capital Private Equity, LP; Bow Street, LLC acquired Blue Nile, Inc. for approximately $500 million.

– Bed Bath & Beyond Inc. (NasdaqGS:BBBY) acquired PersonalizationMall.com, Inc. for approximately $190 million.

– Hangzhou Lianluo Interactive Information Technology Co.,Ltd (SZSE:002280) acquired Newegg Inc. for approximately $180 million.

– QVC Group (NasdaqGS:QVCA) acquired HSN, Inc. (NasdaqGS:HSNI) for approximately $1.83 billion.

– Samsonite LLC acquired eBags, Inc. for approximately $110 million.

October, 2017

For 2017 YTD, strategic buyers accounted for 68% of Consumer and Retail M&A transactions. During 2016, strategic buyers
accounted for 85% of the transactions.

Select recent notable publicly announced M&A transactions:

– American Axle & Manufacturing Holdings, Inc. (NYSE:AXL) acquired Metaldyne Performance Group Inc. for approximately $3.42 billion.

– BPS Direct, L.L.C. acquired Cabela’s Incorporated (NYSE:CAB) for approximately $8.67 billion.

– Circle K Stores Inc. acquired CST Brands, Inc. (NYSE:CST) for approximately $6.09 billion.

– Rye Parent Corp. acquired Panera Bread Company (NasdaqGS:PNRA) for approximately $7.66 billion.

– Samsung Electronics America, Inc. acquired Harman International Industries, Incorporated for approximately $9.38 billion.

– Sycamore Partners acquired Staples, Inc. (NasdaqGS:SPLS) for approximately $7.85 billion.

October, 2017

For the 2017 YTD period, strategic buyers accounted for 89% of the automotive M&A transactions with financial buyers making up the difference; during 2016, strategic buyers accounted for approximately 88% of the transactions.

Select recent notable publicly announced M&A transactions:

– American Axle & Manufacturing Holdings, Inc. (NYSE:AXL) acquired Metaldyne Performance Group Inc. for approximately $3.42 billion.

– Winnebago Industries, Inc. acquired Grand Design RV for approximately $500 million.

– Polaris Industries Inc. (Delaware) acquired TAP Automotive Holdings, LLC for approximately $670 million.

– Thor Industries, Inc. (NYSE:THO) acquired Jayco, Inc. for approximately $580 million.

– Vitro, S.A.B. de C.V. (BMV:VITRO A) acquired Pittsburgh Glass Works LLC for approximately $310 million.

October, 2017

For announced transactions, Restaurant multiples saw a modest increase from 9.6x EBITDA in 2016 to 10.4x EBITDA in
year-to-date 2017.

Select recent notable publicly announced M&A transactions:

– NRD Capital Management, LLC acquired Ruby Tuesday, Inc. for approximately $360 million.

– L Catterton acquired Uncle Julio’s Corporation for an undisclosed sum.

– FAT Brands Inc. acquired Homestyle Dining, LLC for approximately $10 million

– J. Alexander’s LLC acquired Ninety Nine Restaurant, Inc. for approximately $200 million.

– Kelly Companies of Southern California, LLC acquired Ignite Restaurant Group, Inc. for approximately $170 million.

– Rye Parent Corp. acquired Panera Bread Company for approximately $7.7 billion