VISITORS TO THE BOYNE CAPITAL WEBSITE ARE REQUESTED TO READ THE FOLLOWING

Use of Website and Content

All content and information, and all trademarks, logos, copyrights and other intellectual property displayed on the website is owned by Boyne Capital Management, LLC (“Boyne Capital” or the “Firm”) or others. By visiting this website you agree to not use any website content commercially, forward it as a mass distribution, post it on another site, or otherwise copy, distribute, download or modify any portion of it without advance permission. Other trademarks, service marks, images and logos may be owned by other parties, who may or may not be affiliated with Boyne Capital. Nothing on this website shall be interpreted as granting, by implication, estoppel or otherwise, any license or right to use any content on this website without the written permission of Boyne Capital or such other third party that may own such content. All rights not expressly granted are reserved.

Investment Adviser Disclosure

Boyne Capital is a registered investment adviser with the United States Securities and Exchange Commission (“SEC”). Registration of an investment adviser with the SEC does not imply a certain level of skill or training.

All information contained on this website, including any transaction described herein, is for informational and/or illustrative purposes only. Statements contained on this website that are not historical facts are based on current views, forward-looking expectations, estimates, projections, opinions and/or beliefs of the Boyne Capital team. Such statements involve risks, uncertainties and other factors. You should not rely on these statements as if they were facts. Further information about Boyne Capital and its affiliates is also available at https://www.adviserinfo.sec.gov.

No Solicitation or Investment Advice

The investments and strategies discussed throughout the website may not be suitable for all investors and are not obligations of or guaranteed by Boyne Capital or any of its affiliates. Nothing on this website is to be construed as a solicitation to offer investment advice or services. Information about investing in Boyne Capital funds is only available in the form of private placement memoranda and other offering documents. These documents contain information to help investors evaluate Boyne Capital funds’ investment objectives, risks, fees and expenses, among other factors, before considering an investment. By using this website, you agree that Boyne Capital is not liable for any action you take or decision you make in reliance on any website content.

Past performance is no guarantee of future results and no representation is made that Boyne Capital’s funds will achieve their investment objectives or that the strategies will be successful. Prior investments may have been made under different market, economic or other conditions than those in which future investments and/or strategies will be pursued, and as a result may not be replicated. Investors may lose part or all of their investment capital. or face various other risks as described in the applicable offering documents. There can be no guarantee that any portfolio investment will exhibit all of the investment criteria listed herein or that an investment with such criteria will ultimately be successful. Further, such investment criteria may change over time pursuant to the authority granted to Boyne Capital within the relevant fund governing documents.

Details on selected active and realized investments have been included for illustrative purposes only and have been selected in order to provide examples of the types of investments made by Boyne Capital and do not purport to be a complete list of investments. A complete list of active and realized Boyne Capital investments is available upon request.

The discussion contained on each of the “Perspectives” pages represents the views and opinions of certain Boyne Capital professionals, notably Derek McDowell, the Firm’s Managing Partner as well as certain other members of Boyne Capital’s senior management team. However, such views and opinions (i) generally represent thoughts based on his experience in the industry; (ii) are not intended as investment advice, advice with regard to selecting legal counsel, valuing a business or engaging in a business transaction; (iii) do not represent a guarantee of any future performance; and (iv) are subject to change. Visitors should consult with their own legal, tax, business and financial advisors before making decisions related to the sale of their business or the structuring or valuation of any such transaction.

ESG

Neither Boyne Capital, nor its funds are centered on environmental, social or governance (“ESG”) considerations. While Boyne Capital may take certain ESG factors into consideration in its investment or ongoing management decisions, such considerations will not be considered determinative and will always be subject to Boyne Capital’s fiduciary duty to act in the best interests of the Boyne Capital Funds.

Testimonials and Awards

Certain statements made in embedded video reflect Boyne Capital’s and portfolio company management’s opinions and beliefs regarding the company and the investment. Such opinions and beliefs are subjective, do not represent a complete assessment of the company, the market or Boyne Capital’s overall investment performance and cannot be independently verified. Such statements are being offered as references for purposes of demonstrating the benefits of working with the Boyne Capital team and not for the purpose of soliciting investors. Portfolio company executives receive/received a salary and economics from the portfolio company. No executives were paid for their testimonial or endorsement. There is a conflict of interest in these unpaid testimonials and endorsements in that all speakers stand to benefit from Boyne Capital’s success and they work/worked for a Boyne Capital portfolio company.

Top 50 PE Firms in the Middle Market– Awarded to leading private equity firms in the middle market as determined by Grady Campbell, a branding and marketing firm specializing in servicing financial sectors. The criteria for the award are management team, market position, track record, growth, cash flow and differentiating culture, product and/or service. Grady Campbell is unaffiliated with Boyne Capital. Boyne Capital did not pay a fee to participate in the award selection process but does pay a fee to use the collateral associated with the award. This rating may not be representative of any one client’s or investor’s experience. Further, this recognition is not to be construed as indicative of Boyne Capital’s future performance. Boyne Capital received this award in 2023, 2022, 2021, 2020, 2019, 2018 and 2017.

List of Founder-Friendly Investors– Published by Inc. business magazine, the list honors private equity and venture capital firms with the best track record of success backing entrepreneurs. To compile the list, Inc. went straight to the source: entrepreneurs who have sold to private equity. Founders filled out a questionnaire about their experiences partnering with private equity firms and shared data on how their portfolio companies have grown during these partnerships. Inc. is unaffiliated with Boyne Capital. Boyne Capital paid a fee to participate in the award selection process and for the collateral in reference to the award. This rating may not be representative of any one client’s or investor’s experience. Further, this recognition is not to be construed as indicative of Boyne Capital’s future performance. Boyne Capital received this award in 2022, 2021 and 2020.

BluWave’s “Top 50 Private Equity Innovator” award is a program designed by BluWave consulting firm to recognize what it considers to be the top 2% of private equity firms for proactive due diligence practices, transformative value creation, embracement of ESG and modern private equity firm operations. Recipients were selected based on consultation with limited partners, investment bankers and others in the private equity industry. The award is based on BluWave’s review of more than 5,000 private equity firms in the U.S. and Canada from which 69 private equity firms were selected as award recipients. BluWave, LP has not received investment capital from and holds no ownership interest in the private equity firms evaluated or recognized under the Top Private Equity Innovator awards program. Boyne did not pay a fee to receive the award but is a client of BluWave. This award is not to be construed as indicative of Boyne’s future performance. Reference to an award is only one piece of information relevant to an evaluation of an investment adviser such as Boyne. BluWave is not affiliated with Boyne. Boyne received this award in 2023.

Ratings/awards/rankings represent information as of a specific date and time and may not reflect important information which has occurred prior to, or subsequent to, the rating/award/ranking.

Linked Sites and Third-Party Information

Certain links, including links to portfolio company websites, are provided on this website. These links are provided as a convenience and do not imply Boyne Capital’s sponsorship or approval of any of these websites or their content. Boyne Capital has no control over or responsibility for other websites that may be accessible from this website, the contents thereof, their security or privacy policies, or any products/services that may be offered by them. If you access any third party website through this website or because it is referred to in this website, you do so at your own risk. Links to or from this website do not constitute an endorsement by Boyne Capital of the parties or businesses which are so linked, nor do they necessarily indicate any affiliation between us and such parties or businesses.

Website Security and Account Management

Certain areas of the website require registration or otherwise ask you to provide information to participate in certain features or access certain content. Do not share your password or login ID with anyone, including anyone from Boyne Capital. If you share your password with a third party, you assume all responsibility for all such party’s activity related to this website. You must notify Boyne Capital immediately of any breach of security or unauthorized use of your account. If Boyne Capital determines you have violated these Terms of Use or applicable law, Boyne Capital may terminate your access to this website and its features, cancel any related user accounts and/or delete all information associated with such accounts.