Deal Pricing Survey 2016 Question Title * 1. Welcome to a 5-minute survey on deal pricing in the North American middle market! As our thank you for participating we will send you a copy of the results before anyone else and as soon as they are available.Tell us your name, firm name and email address so we can send you the results (Note: we will not publish individual names or firms in our report; the data collected will be used for statistical analysis only) Your Name: Firm Name: Email Address: Question Title * 2. Please pick the term that best describes your firm: Buyout firm/sponsor Institutional investor/LP advisor/Fund of Funds Senior lender Mezzanine lender Investment bank Law firm Accounting firm Other (please specify) Question Title * 3. Pick the title that most closely describes your role there: Managing GP/CEO Partner/senior executive Vice president Senior associate Associate Analyst Question Title * 4. What size buyout deals do you tend to work on? (pick all that apply) Deals up to $25 million in enterprise value Deals of $25 million to $100 million in enterprise value Deals of $100 million to $250 million in enterprise value Deals greater than $250 million in enterprise value Question Title * 5. What industries are the deals you work on in? (pick all that apply) Technology/Software Financial services Consumer products and services Industrials Healthcare Media and entertainment Energy and power Consumer staples Retail Real estate Materials Telecommunications Government and agencies Other (please specify) Question Title * 6. How would you describe deal pricing in the North American middle market right now? Bubble territory High About average Low Question Title * 7. What is the biggest factor sustaining prices right now? Sponsors with dry powder to deploy Competition from strategic buyers Borrower-friendly credit markets Public equity valuations Supply of companies on the market Prevalence of auctions/lack of proprietary deals Strong performance by target companies Other (please specify) Question Title * 8. Where do you see prices heading in the North American middle market over the next 18 months? Much higher Higher About the same Lower Much lower Question Title * 9. How would you describe the strength of the credit markets over the past 12 months? Borrower-friendly Creditor-friendly Balanced Question Title * 10. How do you anticipate the credit markets to be over the next 12 months? Borrower-friendly Creditor-friendly Balanced Question Title * 11. If you work for a sponsor, in what ways is your firm dealing with high prices? (check all that apply) Lowering return expectations Finding ways to add value, such as through add-ons, to justify prices Stepping up efforts to find proprietary/limited auction deals Looking for more complicated deals at lower prices Waiting for prices to settle down Seeking investments in out-of-favor industries Targeting under-performing companies Moving into more regulated industries Other (please specify) Thank you for taking our brief survey. We will send you the results as soon as they are available. If you have any questions about our survey please contact David Toll at dtoll@buyoutsinsider.com Done