Venture-backed exit activity (#) Venture-backed exit activity (#) by type in Europe by type in Europe Q2’17 Q1'17 11% 10% Strategic Acquisition 17% 21% Buyout IPO 69% 72% Venture-backed exit activity ($B) Venture-backed exit activity ($B) by type in Europe by type in Europe Q2’17 Q1'17 12.8% 0.2% Strategic 38% Acquisition Buyout 61% IPO 1% 87.0% Source: Venture Pulse, Q2'17, Global Analysis of Venture Funding, KPMG Enterprise. Data provided by PitchBook, July 13, 2017. © 2017 KPMG International Cooperative (“KPMG International”). KPMG International provides no client services and is a Swiss entity with which the independent member firms of the KPMG network are affiliated. #Q2VC