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## S.M. Group International 

Business Description: SMi is a privately owned company founded in 1972 which specializes in the delivery of integrated scientific, engineering and IT solutions dedicated to the areas of buildings, energy, energy efficiency, environment, industry, infrastructure, natural resources, power, security, telecommunications and materials testing. In addition, SMi operates microbiological and chemical analysis labs in the areas of environmental protection, agriculture, food security and their manufacturing processes, as well as cosmetics and certain pharmaceutical industry products. Active in more than 30 countries, SMi has over 1,600 professionals and specialists who are dedicated to delivering innovative and fully integrated solutions. SMi provides its services to a broad scope of clients including local corporations, multinationals, institutions, as well as government bodies at every level, including state owned enterprises. 

Industry: Industrials: Engineering and construction services 

Capital Invested: $30.00m 

Annualized Distribution: $4.80m 

Distribution collar: +/- 6% 

Year end: December 31 

Website: www.groupesm.com 

Partner since: November 2013 

## Solowave 

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Business Description: Solowave is a manufacturer of residential, ready-to-assemble wooden play centers as well as modular wooden structures for the DIY home owner. Solowave's products are sold under the brand names Big Backyard, Cedar Summit Premium Play Sets and Yardistry. Through new product development, quality and innovation, as well as its decades of experience in the industry, Solowave has established itself as one of the leading manufacturers of wooden play centers worldwide. Solowave has operations in Canada, the United States and Asia, and sells globally in North America, Europe, Australia, and the United Arab Emirates. Solowave sells its play sets to major retail dealers such as Toys R Us, Costco, Target, Rona, and Canadian Tire. 

Industry: Consumer Discretionary: Outdoor wooden play set manufacturing 

Capital Invested: $32.50m 

Annualized Distribution: $4.83m 

Distribution collar: +/- 6% 

Year end: October 31 

Website: www.solowave.com 

Partner since: December 2010 

## Note: 

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Please refer to the Annual Information Form dated March 31, 2014 for more information on Private Company Partners, including, without limitation, how the annualized distribution is calculated. 

