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Investments

16

Portfolio Exits

51

Funds

41

Partners & Customers

2

Service Providers

3

About BC Partners

BC Partners is a private equity firm that specializes in buy-outs, principally investing in larger businesses through its established network of offices in London, Paris, Hamburg, and New York. BC Partners invests in the education, media and telecom, industrial, business, and healthcare sectors.

BC Partners Headquarter Location

40 Portman Square

London, England, W1H 6DA,

United Kingdom

+44 20 7009 4800

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Latest BC Partners News

Appgate, a Leading Cybersecurity Company Founded on Zero Trust Principles, Closes Merger with Newtown Lane Marketing

Oct 13, 2021

Combined Company to Trade on OTC Bulletin Board with Intention to Uplist to NYSE or Nasdaq in Q1 2022 October 13, 2021 08:00 AM Eastern Daylight Time MIAMI & NEW YORK--( BUSINESS WIRE )-- Appgate , Inc. (“Appgate” or the “Company”), the secure access company, today announced it successfully completed its merger with Newtown Lane Marketing, Incorporated (OTC BB: NTWN) (“Newtown”) on October 12, 2021. Upon closing of the merger, Newtown changed its name to Appgate, Inc., and the Company’s common stock is now quoted on the OTC Bulletin Board under the symbol “NTWN”. Appgate intends to have its symbol changed to “APGT” as soon as possible following completion of the merger. Appgate intends to seek to uplist to Nasdaq or the New York Stock Exchange as soon as possible following satisfaction of applicable listing requirements, which is expected to occur during the first quarter of 2022. Appgate also announced that Magnetar Financial LLC (“Magnetar”) made an investment of $25 million in convertible notes, which is in addition to Magnetar’s investment in February 2021 of $50 million in convertible notes. Magnetar’s total investment implies a $1 billion post-money valuation. “We’re thrilled to begin this new chapter for Appgate and believe we are positioned for tremendous growth as a leader in Zero Trust security,” said Barry Field, Appgate’s CEO. “The legacy methods of security, such as VPNs and firewalls, are no longer effective in keeping companies and networks secure. Today’s threat landscape is forcing executives to rethink how they secure their businesses, their data and their users. Grounded in the principles of Zero Trust, Appgate’s industry-recognized solutions are replacing outdated, easily compromised traditional network security. Appgate is a partner of choice for enterprises, financial institutions and federal customers seeking to adopt a Zero Trust strategy and take actions designed to prevent today’s catastrophic attacks.” Serving over 600 customers, Appgate enables rapid, effective and scalable Zero Trust cybersecurity for private enterprises, financial institutions and government entities. Its secure access solutions include software-defined perimeter (SDP), risk-based authentication and digital threat protection, as well as threat advisory services. Appgate offers best-in-class security solutions, being named a Leader in The Forrester New Wave™ Zero Trust Network Access, Q3 2021 and The Forrester Wave™ Zero Trust eXtended Ecosystem, Q3 2020 . Appgate’s software-defined perimeter solution, Appgate SDP, is also recognized as a top performer by customers, receiving 4.7 out of 5 stars from customer reviews on Gartner Peer Insights . “We believe that Appgate is disrupting the cybersecurity industry and we are excited to complete the merger to bring the Company to the public markets,” said Jon Ledecky, former President and controlling shareholder of Newtown. “Despite billions of dollars of investments in cybersecurity tools and technologies, breaches are more prevalent and costlier than ever. Newtown spent years searching for businesses that were truly innovative with a unique technology that could solve problems on a mass scale. We found an exceptional partner in Appgate, which is led by a world-class management team, including an incredibly successful and innovative technology entrepreneur in Manny Medina and backed by premier global investment firm and strategic partner, BC Partners.” “There is a heightened sense of urgency for organizations to modernize their security with a Zero Trust strategy given recent recommendations from the U.S. federal government and high-profile breaches of critical infrastructure and the supply chain,” said Manuel D. Medina, Appgate’s Executive Chairman and Founder of Medina Capital. “Today’s announcement is the next step in Appgate’s evolution in its effort to become the go-to provider of Zero Trust solutions. As a public company, we believe that we can fuel our growth and innovation plans and provide organizations with the best-of-breed options for securing their environments.” “We have been long-time supporters of Appgate and its world-class management team and we are excited to retain our entire ownership interest in the Company following the Merger,” said Fahim Ahmed, Appgate director and Partner and Chief Administrative Officer at BC Partners. “We believe that Appgate is poised to be the winner in the burgeoning Zero Trust cybersecurity landscape and this transaction is intended to accelerate the Company’s efforts to help organizations protect themselves from today’s rapidly changing threat environment.” Additional information about the merger and Magnetar funding will be available in a Current Report on Form 8-K to be filed by Appgate with the Securities and Exchange Commission and which will be available at www.sec.gov . Advisors DBO Partners LLC acted as financial advisor to Appgate and Canaccord Genuity acted as financial advisor to Newtown. Greenberg Traurig, LLP acted as legal counsel to Appgate and Graubard Miller acted as legal counsel to Newtown. About Appgate Appgate is the secure access company that provides cybersecurity solutions for people, devices and systems based on the principles of Zero Trust security. Appgate updates IT systems to combat the cyber threats of today and tomorrow. Through a set of differentiated cloud and hybrid security products, Appgate enables enterprises to easily and effectively shield against cyber threats. Appgate protects more than 600 organizations across government and business. Learn more at appgate.com . Forward-Looking Statements This press release contains certain forward-looking statements within the meaning of Section 21E of the Securities Exchange Act of 1934, as amended, and Section 27A of the Securities Act of 1933, as amended. Statements that do not relate strictly to historical or current facts are forward-looking and can be identified by the use of words such as “anticipate,” “estimate,” “could,” “would,” “should,” “will,” “may,” “forecast,” “approximate,” “expect,” “project,” “seek,” “predict,” “potential,” “intend,” “plan,” “believe,” the negatives of such terms and other words of similar meaning. Without limiting the generality of the foregoing, forward-looking statements contained in this press release include statements regarding the Company’s future plans, including the potential listing of its common stock on a national securities exchange, Appgate’s ability to replace traditional network security solutions, growth plans and similar matters. The forward-looking statements included in this press release involve risks and uncertainties that could cause actual results to differ materially from projected results. Accordingly, investors should not place undue reliance on forward-looking statements as a prediction of actual results. Appgate has based these forward-looking statements on current expectations and assumptions about future events, taking into account all information currently known by Appgate. While Appgate considers these expectations and assumptions to be reasonable, they are inherently subject to significant business, economic, competitive, regulatory and other risks and uncertainties, many of which are difficult to predict and beyond our control. These risks and uncertainties include, but are not limited to, our ability to achieve and maintain future profitability; the effects of increased competition in our markets and our ability to compete effectively; market acceptance of our products and services and our ability to increase adoption of our products; our ability to maintain the security and availability of our products; our ability to develop new products, or enhancements to our existing products, and bring them to market in a timely manner; our ability to maintain and expand our customer base, including by attracting new customers; the risk that we may never be accepted for a listing on a national securities exchange, and other risks set forth under the heading “Risk Factors” in the Company’s filings with the SEC. Forward-looking statements speak only as of the date on which such statements are made, and Appgate does not intend to update any forward-looking statement, whether as a result of new information, future events or otherwise, except as required by law. Contacts

BC Partners Investments

16 Investments

BC Partners has made 16 investments. Their latest investment was in Valtech as part of their Private Equity on July 7, 2021.

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BC Partners Investments Activity

investments chart

Date

Round

Company

Amount

New?

Co-Investors

Sources

7/13/2021

Private Equity

Valtech

Yes

5

5/10/2021

Private Equity

EAB

Yes

1

5/10/2021

Private Equity

Edgar Suites

$126.55M

Yes

2

2/2/2021

Series B - V

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$99M

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10

1/13/2021

Private Equity

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$99M

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10

Date

7/13/2021

5/10/2021

5/10/2021

2/2/2021

1/13/2021

Round

Private Equity

Private Equity

Private Equity

Series B - V

Private Equity

Company

Valtech

EAB

Edgar Suites

Subscribe to see more

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Amount

$126.55M

$99M

$99M

New?

Yes

Yes

Yes

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Co-Investors

Sources

5

1

2

10

10

BC Partners Portfolio Exits

51 Portfolio Exits

BC Partners has 51 portfolio exits. Their latest portfolio exit was Cyxtera Technologies on July 30, 2021.

Date

Exit

Companies

Valuation
Valuations are submitted by companies, mined from state filings or news, provided by VentureSource, or based on a comparables valuation model.

Acquirer

Sources

7/30/2021

Reverse Merger

$991

10

7/19/2021

Acq - Fin - II

$991

5

9/28/2020

Acq - Fin

2

00/00/0000

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10

00/00/0000

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10

Date

7/30/2021

7/19/2021

9/28/2020

00/00/0000

00/00/0000

Exit

Reverse Merger

Acq - Fin - II

Acq - Fin

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Companies

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Valuation

$991

$991

Acquirer

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Sources

10

5

2

10

10

BC Partners Acquisitions

120 Acquisitions

BC Partners acquired 120 companies. Their latest acquisition was Alsei on October 12, 2021.

Date

Investment Stage

Companies

Valuation
Valuations are submitted by companies, mined from state filings or news, provided by VentureSource, or based on a comparables valuation model.

Total Funding

Note

Sources

10/12/2021

Growth Equity - II

$15.1M

Acq - Fin

1

8/17/2021

Acq - Fin

1

3/16/2021

Private Equity

$991

Acq - Fin - IV

4

2/10/2021

IPO

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$991

$99M

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10

1/26/2021

Private Equity

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$99M

Subscribe to see more

10

Date

10/12/2021

8/17/2021

3/16/2021

2/10/2021

1/26/2021

Investment Stage

Growth Equity - II

Private Equity

IPO

Private Equity

Companies

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Valuation

$991

$991

Total Funding

$15.1M

$99M

$99M

Note

Acq - Fin

Acq - Fin

Acq - Fin - IV

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Sources

1

1

4

10

10

BC Partners Fund History

41 Fund Histories

BC Partners has 41 funds, including Single Asset Acquisition Fund.

Closing Date

Fund

Fund Type

Status

Amount

Sources

6/10/2021

Single Asset Acquisition Fund

$1,217.51M

1

1/6/2021

BCP Special Opportunities Onshore Feeder II

$166.15M

1

1/6/2021

BCP Special Opportunities Fund II (Lux)

$78.45M

1

1/6/2021

BCP Special Opportunities Fund II

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$99M

10

1/6/2021

BCP Special Opportunities Offshore Feeder II

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$99M

10

Closing Date

6/10/2021

1/6/2021

1/6/2021

1/6/2021

1/6/2021

Fund

Single Asset Acquisition Fund

BCP Special Opportunities Onshore Feeder II

BCP Special Opportunities Fund II (Lux)

BCP Special Opportunities Fund II

BCP Special Opportunities Offshore Feeder II

Fund Type

Subscribe to see more

Subscribe to see more

Status

Amount

$1,217.51M

$166.15M

$78.45M

$99M

$99M

Sources

1

1

1

10

10

BC Partners Partners & Customers

2 Partners and customers

BC Partners has 2 strategic partners and customers. BC Partners recently partnered with Medina Capital on April 4, 2019.

Date

Type

Business Partner

Country

News Snippet

Sources

4/4/2019

Partner

Medina Capital

United States

1

5/14/2014

Vendor

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10

Date

4/4/2019

5/14/2014

Type

Partner

Vendor

Business Partner

Medina Capital

Country

United States

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News Snippet

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Sources

1

10

BC Partners Service Providers

4 Service Providers

BC Partners has 4 service provider relationships

Service Provider

Associated Rounds

Provider Type

Service Type

Acq - Fin - II

Investment Bank

Financial Advisor

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Service Provider

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Associated Rounds

Acq - Fin - II

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Provider Type

Investment Bank

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Service Type

Financial Advisor

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Partnership data by VentureSource

BC Partners Team

39 Team Members

BC Partners has 39 team members, including current Chief Financial Officer, Alexander Borg.

Name

Work History

Title

Status

Alexander Borg

ICG, NBGI Private Equity, Palamon Capital Partners, GIC, and PwC

Chief Financial Officer

Current

Jason Roos

Chief Financial Officer

Current

Graeme Dell

Chief Operating Officer

Current

Lakshman Charanjiva

NextEra Energy, AES, Capgemini, and Arthur Andersen

Chief Technology Officer

Current

Andrew Devine

Chief Compliance Officer

Current

Name

Alexander Borg

Jason Roos

Graeme Dell

Lakshman Charanjiva

Andrew Devine

Work History

ICG, NBGI Private Equity, Palamon Capital Partners, GIC, and PwC

NextEra Energy, AES, Capgemini, and Arthur Andersen

Title

Chief Financial Officer

Chief Financial Officer

Chief Operating Officer

Chief Technology Officer

Chief Compliance Officer

Status

Current

Current

Current

Current

Current

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