M&A 2019 Annual Review

Terms Not Disclosed Acquisition of Maxta Assets Counsel to Huayun Data Group Terms Not Disclosed Investment in PayClip Counsel to SoftBank Terms Not Disclosed Joint Venture with Japan Business Systems Counsel to rhipe Limited Terms Not Disclosed Sale to Integrated Specialty Coverages Counsel to Safebuilt Insurance Systems Terms Not Disclosed Acquisition of a Majority Stake in jane iredale Counsel to San Francisco Equity Partners Terms Not Disclosed Investment in Buser Counsel to SoftBank Terms Not Disclosed Sale of Ownership Interest in HatchBeauty to Lion Capital Counsel to Co-Founder of HatchBeauty Terms Not Disclosed Acquisition of a Significant Minority Equity Stake in Sunrise Foods International Counsel to Hassad Food $275 Million Ashford’s Acquisition of the Hotel Management Business of Remington Holdings Counsel to Janney Montgomery Scott, Financial Advisor to Board of Directors of Ashford $270 Million Acquisition of Global Water Services, a holding company of U.S. Water Services Counsel to Kurita Water $255 Million Acquisition of Zoosk Counsel to Spark Networks Terms Not Disclosed Acquisition of Southern Air, Inc. and its Affiliates Counsel to Alpine Investors and its Portfolio Company, Apex Service Partners Terms Not Disclosed Acquisition of Frank Gay Services Counsel to Alpine Investors Terms Not Disclosed Acquisition of Best Home Services Counsel to Alpine Investors $11 Million Sale to CPSI Counsel to Get Real Health €7.5 Million Acquisition of Ariva de AG and its Subsidiary ZV Zertifikate Verlag GmbH Counsel to wallstreet:online AG $3.2 Billion Merger with CVMC REIT I Counsel to CVMC REIT II $3.7 Billion Acquisition of ZOZOTOWN Counsel to Z Holdings, Parent of Yahoo! Japan $4.5 Billion Investment in WeWork Counsel to SoftBank $4.3 Billion Acquisition of LogMeln by Francisco Partners and Elliott Management Counsel to Qatalyst Partners, Financial Advisor to LogMeln $430 Million Acquisition of a Fabrication Facility from GlobalFoundries Counsel to ON Semiconductor $380 Million Acquisition of CEZ Group’s Assets in Bulgaria Counsel to EuroHold Bulgaria AD $5 Billion Divestiture of Certain Assets to DISH Network Counsel to Sprint and SoftBank, Controlling Shareholder of Sprint 31 MORRISON & FOERSTER 2019 M&A ANNUAL REVIEW 2019 REPRESENTATIVE DEALS Terms Not Disclosed Acquisition of SpatialKey Counsel to Insurity, a GI Partners Portfolio Company Terms Not Disclosed Investment in Concord Technologies Counsel to Excellere Partners