Information provided by the nominee

In 2017, WEG invested in Clearcode (software services) and its subsidiary, Piwik PRO, in the product business. Later, the group was split into two separate entities with separate management teams. At the time of exit in 2023 to Cookie Information (Danish tech vendor), Piwik PRO reached EUR 14 million (annual recurring revenue) - over a 7x increase since the initial investment. Clearcode was sold a year earlier. WEG realized 4.1x cash-on-cash return and 25% IRR on the joint transaction (Piwik PRO and Clearcode).