Executive summary - Udo Bullmann

1. Company description .............................................................................................................302. Economic and social effects...................................................................................................302.1 Private equity fund description ........................................................................................302.2 Effects on job creation, investments in training and education of labour force,investments in innovation.......................................................................................................302.3 Management policies and shareholder activism: stock option programs, effects on boardand CEO´s, management fees, employee information...........................................................303. LBO exit (secondary LBO, IPO, listing)................................................................................311. Company description .............................................................................................................322. Economic and social effects...................................................................................................322.1 Private equity fund description ........................................................................................322.2 Debt structure, alteration of company capital management fees requested by LBO .......322.3 Effects on job creation, investments in training and education of labour force,investments in innovation.......................................................................................................332.4 Management policies and shareholder activism: stock option programs, effects on boardand CEO´s, management fees, employee information...........................................................33References ......................................................................................................................................341. Company description .............................................................................................................352. Economic and social effects...................................................................................................352.1 LBO description (offshore base, activity focus, etc.).......................................................352.2 Effects on job creation, investments in training and education of labour force, investmentin innovation...........................................................................................................................352.3 Corporate governance and economics..............................................................................352.4 Management policies and shareholder activism: stock option programmes, effects onboard and CEO’s, management fees, employee information.................................................363. LBO exit (secondary, LBO, listing)......................................................................................361. Company description .............................................................................................................372. Economic and social effects...................................................................................................372.1 LBO description (offshore base, activity focus, etc.).......................................................372.2 Debt structure, alteration of company capital management fees requested by LBO .......372.3 Effects on job creation, investments in training and education of labour force, investmentin innovation...........................................................................................................................372.4 Corporate governance and economics..............................................................................372.5 Protection of minority shareholders .................................................................................382.6 Effects on public finances ................................................................................................383. LBO exit (secondary, LBO, listing).......................................................................................381. Company description .............................................................................................................392. Economic and social effects...................................................................................................392.1 LBO description (offshore base, activity focus etc.)........................................................392.2 Debt structure, alteration of company capital management fees requested by LBO .......392.3 Effects on job creation, investments in training and education of labour force,investments in innovation.......................................................................................................392.4 Corporate governance and economics..............................................................................392.5 Management policies and shareholder activism: stock option programmes, effects onboard and CEO´s, management fees, employee information.................................................401. Company description .............................................................................................................412. Economic and social effects...................................................................................................412.1 Private equity fund description ........................................................................................412.2 Debt structure, alteration of company capital management fees requested by LBO .......42