Dave Richards Appointed Co-Head of Investment-Operating Team in North AmericaSergei Spiridonov Appointed Co-Head of Investment-Operating Team in EuropeStrategic Value Partners, LLC and its affiliates ("SVP"), a global investment firm focused on private credit opportunities with over $17 billion of assets under management, today announced the appointment of Dave Richards as Managing Director and Co-Head of its Investment-Operating Team in North America and Sergei Spiridonov as Managing Director and Co-Head of its Investment-Operating Team in Europe.The addition of Messrs. Richards and Spiridonov expands SVPs Investment-Operating Team to 15 professionals globally. Members of the Investment-Operating Team sit within and coordinate closely with SVPs Investment Team of more than 80 professionals, working to

<div>Dave Richards Appointed Co-Head of Investment-Operating Team in North America Sergei Spiridonov Appointed Co-Head of Investment-Operating Team in Europe Strategic Value Partners, LLC and its affiliates ("SVP"), a global investment firm focused on private credit opportunities with over $17 billion of assets under management, today announced the appointment of Dave Richards as Managing Director and Co-Head of its Investment-Operating Team in North America and Sergei Spiridonov as Managing Director and Co-Head of its Investment-Operating Team in Europe. The addition of Messrs. Richards and Spiridonov expands SVPs Investment-Operating Team to 15 professionals globally. Members of the Investment-Operating Team sit within and coordinate closely with SVPs Investment Team of more than 80 professionals, working to drive improvements in strategy, execution and performance across the firms portfolio, especially within the 15 companies with more than 70,000 employees where SVP-managed funds and accounts own a controlling interest or have significant influence. This close coordination between SVPs operations and financial investment professionals fosters a seamless exchange of insights throughout the ownership period. Mr. Richards joins SVP from Advent International, where he spent 14 years helping grow the firms global Portfolio Support Group, refining its broad set of capabilities focused on supporting management teams in the development and implementation of value creation plans. Prior to Advent, Mr. Richards was with Bain & Company, providing private equity clients with due diligence and portfolio company support. Earlier in his career, Mr. Richards worked at A.T. Kearney and Kraft Foods. Mr. Spiridonov joins SVP from Sun Capital, where he served as Managing Director of Operations, following his role as Group COO and Operating Partner at the firm, which he joined in 2015. Prior to Sun Capital, Mr. Spiridonov led the strategic transformation team at Tesco, focusing primarily on resetting the direction of the international business. Before Tesco, he was a partner at McKinsey & Company, where over the course of 11 years he worked with a wide range of consumer and retail businesses across Europe and the U.S. He previously held positions as Chairman of the Supervisory Board at CNC Holding BV and Non-Executive Board Member at Bonmarche. In their respective new roles, Mr. Richards will partner with Jonathan Waggoner, Managing Director and Co-Head of the Investment-Operating Team in North America, and Mr. Spiridonov will partner with Paul Marchand, Managing Director and Co-Head of the Investment-Operating team in Europe. "We are delighted that Dave and Sergei have joined Strategic Value Partners. They bring tremendous experience and strong records of achieving operational excellence through years of work at top global investment and consulting firms, as well as within companies," said Victor Khosla, SVPs Founder and Chief Investment Officer. "Our Investment-Operating team is a true differentiator in how we drive meaningful transformations within our portfolio companies. We are excited to scale our operating team with top talent to support the incredible opportunities ahead of us." About SVP SVP is a global investment firm that focuses on event-driven, special situations, private equity and financing opportunities. The firm uses a combination of sourcing, financial and operational expertise to unlock value in complex situations. Today SVP manages over $17 billion in assets under management, and since inception, has invested nearly $44 billion of capital, including more than $17 billion in Europe. The firm, established by Victor Khosla in 2001, has approximately 170 employees, including approximately 80 investment professionals, across its main offices in Greenwich (CT) and London, and a presence in Tokyo. Learn more at www.SVPGlobal.com.</div>

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Strategic Value Partners Adds Richards and Spiridonov to Leadership of Investment-Operating Team in North America and Europe

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Strategic Value Partners | Dave Richards | Co-Head of Investment-Operating, North America | Sergei Spiridonov | Co-Head of Investment-Operating, Europe | Americas | EMEA

Strategic Value Partners, LLC (together with its affiliates, "SVP" or the "firm"), a global alternative investment firm focused on opportunistic credit opportunities with over $18 billion of assets under management, today announced the appointment of Mike Ungari as Head of Real Estate to lead the firms global real estate business and portfolio. Mr. Ungari will also serve on SVPs Management Council and Investment Committee. Mr. Ungari joins SVP after 16 years at Goldman Sachs, where he held several leadership roles, including most recently as a Partner managing the firms opportunistic and value-add real estate portfolio in the U.S. While at Goldman, Mr. Ungari was involved in over $19 billion of complex real estate transactions across equity, development, opportunistic credit and take privates across all asset types. Mr. Ungari also spent over a decade in Goldman Sachs Special Situations Group, including leading the Asset Investing team which focused on commercial real estate, consumer and transportation assets. Prior to Goldman Sachs, Mr. Ungari was at GE Asset Management in the Real Estate Group. He began his career with Accenture. Over the past 20 years, SVP has substantially built out its real estate platform in the U.S. and Europe and now has a team of 10 dedicated professionals globally. Since the onset of the Global Financial Crisis in 2008, SVPs funds have deployed approximately $3.5 billion into distressed real estate opportunities, including approximately $2.4 billion since the start of COVID in 2020. In 2021, SVP funds led the restructuring and subsequent acquisition of Washington Prime Group, a U.S. REIT with a portfolio of approximately 90 retail assets. With $4.5 trillion of commercial real estate debt outstanding in the U.S. alone, SVP believes it is well positioned to leverage its differentiated sourcing, investing and operating expertise to build a leading global real estate franchise. "We are delighted that Mike has joined Strategic Value Partners. He brings significant expertise in sourcing and executing complex transactions across multiple cycles, as well as an intuitive understanding of the opportunistic credit space," said Victor Khosla, SVPs Founder and Chief Investment Officer. "His track record of building high-performing teams, alongside his robust network, makes him the ideal person to take our real estate business forward as we realize the ever-expanding opportunities ahead of us." About SVP SVP is a global alternative investment firm that focuses on special situations, private equity, opportunistic credit and financing opportunities. The firm uses a combination of sourcing, financial and operational expertise to unlock value in its portfolio companies. Today SVP manages over $18 billion in assets under management, and since inception, has invested more than $47 billion of capital, including more than $18 billion in Europe. The firm, established by Victor Khosla in 2001, has approximately 200 employees, including approximately 90 investment professionals, across its main offices in Greenwich (CT) and London, and a presence in Tokyo. Learn more at www.svpglobal.com.

Strategic Value Partners Appoints Mike Ungari to Lead Real Estate Expansion

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Advent International ("Advent"), one of the largest and most experienced global private equity investors, today announced the appointment of Tricia Rothschild as an Operating Partner. Rothschild will play a key role in helping Advent identify and support new investments in wealth and asset management, including related technology and data & analytics. Rothschild is a highly accomplished executive with decades of experience in financial services, with a focus on wealth and asset management, investment data, technology, and information services. Rothschild spent more than 25 years at Morningstar, transforming the company from startup to a leading, global and publicly-listed provider of investment research software, data, and index solutions. During her tenure at Morningstar, she held numerous senior leadership roles, including most recently serving as Chief Product Officer and Co-Head of Global Markets, where she was responsible for an $800 million portfolio of global software, data and research businesses serving both retail and institutional investors, and developed and led the firms global equity research business. Following Morningstar, Rothschild served as President for Apex Fintech Solutions, a digital B2B fintech platform providing custody, clearing and other services to leading brokerages, financial advisors, global institutional investors and fintech firms. "Tricia is one of the most established leaders in wealth services, with an incredible track record of building businesses with both innovative and cost-effective solutions that drive enhanced outcomes for investors and their advisors," said Gabriela Weiss, Principal at Advent. "Tricias insights and extensive network of industry relationships around the world will be instrumental as we pursue investments that capitalize on the opportunities presented by the global wealth creation megatrend, which includes increasing democratization of access to investment services, innovation in investment approaches, and the evolution of the financial advisor role. With this space poised for long-term growth, we are thrilled to partner with a seasoned executive like Tricia and look forward to growing Advents portfolio together." "I am excited to work with Advent due to its disciplined and selective investment strategy, its global reach and experience, and its focus on growth and true partnership with its portfolio companies," said Rothschild. "Technology continues to disrupt the wealth management industry, creating significant and unprecedented opportunity for investment, product innovation and transformational growth. I look forward to leveraging Advents global platform and expertise as we capitalize on strong industry tailwinds around professionalizing and democratizing access to investment services to meet investors needs." Rothschild currently sits on the boards of wealthtech and enterprise software firms, including Nitrogen and Canoe Intelligence, where she supports the leadership teams of both companies in their growth initiatives. Additionally, Rothschild serves on the CFA Institute Board of Governors, which oversees the investment industrys premier professional organization and credentialing program, with 200,000 charterholders around the world and a long-standing mission of promoting the highest standards of ethics and rigor in investment management globally. As an avid supporter of community engagement, Rothschild is also a co-founder of the Chicago Giving Circle (CGC). CGC brings together Chicago-area donors who collectively support a select group of innovative and high-impact nonprofit organizations focused on improving the lives of Chicago-area families in need. Rothschild also serves on the board of Rock the Street, Wall Street, a financial and investment literacy program that brings both gender and racial equity to the financial markets by educating high school girls and improving the pipeline of diverse talent entering the investment arena. During the course of her career, Rothschild has received several awards, including Financial Plannings "Most Likely to Change Wealth Management" list in 2021, and was named to Investment News "Women to Watch" list in 2020. Rothschild received her Master of Arts in Russian and eastern European economics from Indiana University and her Bachelor of Science in communication studies from Northwestern University. ABOUT ADVENT INTERNATIONAL Founded in 1984, Advent International is one of the largest and most experienced global private equity investors. The firm has invested in over 415 private equity investments across 42 countries, and as of June 30, 2023, had $92 billion in assets under management. With 15 offices in 12 countries, Advent has established a globally integrated team of over 295 private equity investment professionals across North America, Europe, Latin America and Asia. The firm focuses on investments in five core sectors, including business and financial services; health care; industrial; retail, consumer and leisure; and technology. For over 35 years, Advent has been dedicated to international investing and remains committed to partnering with management teams to deliver sustained revenue and earnings growth for its portfolio companies.

Strategic Value Partners | Dave Richards | Co-Head of Investment-Operating, North America | Sergei Spiridonov | Co-Head of Investment-Operating, Europe | Americas | EMEA

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