Forum Private Equity GmbH

	First Priority	Opportunistic	Avoided Sectors
1	Consumer Goods and Retail	Any Business with one-of-a-kind Characteristics	Technology Companies
2	Direct Marketing, Direct Selling to Consumer, e.g. Internet-based Businesses		Telecommunication
3	Media, particularly on a subscription basis		Producers with <30% After-Sales Business
4	B-to-B Service Companies		Software Companies
5	Producers with >30% After-Sales Business (particularly Service)		Logistics Companies
6	Med Tech and Healthcare

Sector Focus