Includes 2013 Revenue and Employees for the Top 25 European companies. For the full list of top 150 European Private Companies - please go to http://www.privco.com/the-privco-150-europe-2014-report

1. Top 25 European Private
Companies in 2014
August 5, 2015

2. Private Company Financial Intelligence
PrivCo’s Top 25 European Companies 2015 2
PrivCo chooses its Top 25 European companies based on a comprehensive
analysis which takes into account multiple factors affecting the top European
companies privately held today. Among a multitude of pertinent,
information PrivCo chooses candidates based upon (but not limited to)
 Most current year revenues
 Company partnerships and potential revenue generators
 Employee figures
 Historical growth & trend rates
This year, the top company was Trafigura which employs over 5,000 and had
revenues reaching above €110 billion Euros.
About the PrivCo Top 25 European Companies PrivCo Top 10 IPO Candidate Winner

3. Private Company Financial Intelligence
PrivCo’s Top 25 European Companies 2015 3
Trafigura Beheer is an independent commodity trading and logistics house
which sources, stores, blends, and delivers oil, petroleum, materials, and
minerals.
Trafigura Beheer B.V., [TRABEHP], Amsterdam, NL
Initial Summary Majority owners of the company1
Owners
Employee Owned
Recent revenue & employee figures2
Key Figures: Year End 2013
Revenue €111,422,793,000
Employees 5,326
1 – Majority owner based upon estimates and press release at time of publication
2 – Financial and historical growth trend based on public information at time of publication

4. Private Company Financial Intelligence
PrivCo’s Top 25 European Companies 2015 4
Schwarz Group is a German retail group, which owns and operates
the Lidl and Kaufland brands.
Schwarz Gruppe., [SCHZGRP], Neckarsulm, DE
Initial Summary Majority owners of the company1
Owners
Schwarz Family
Recent revenue & employee figures2
Key Figures: Year End 2013
Revenue €64,000,000,000
Employees N/A
1 – Majority owner based upon estimates and press release at time of publication
2 – Financial and historical growth trend based on public information at time of publication

5. Private Company Financial Intelligence
PrivCo’s Top 25 European Companies 2015 5
Ineos Group is a chemical manufacturer which provides products for many
markets including: Fuels and Lubricants, Packaging and Food, and
Construction.
INEOS Group., [TRABEHP], Rolle, CH
Initial Summary Majority owners of the company1
Owners
Jim Ratcliffe
Recent revenue & employee figures2
Key Figures: Year End 2013
Revenue €54,000,000,000
Employees 17,000
1 – Majority owner based upon estimates and press release at time of publication
2 – Financial and historical growth trend based on public information at time of publication

6. Private Company Financial Intelligence
PrivCo’s Top 25 European Companies 2015 6
Louis Dreyfus Group is a French global conglomerate company that is
involved in agriculture, oil, energy and commodities, as well as international
shipping.
Louis Dreyfus Group., [LDSYFUP], Amsterdam, NL
Initial Summary Majority owners of the company1
Owners
Dreyfus Family
Recent revenue & employee figures2
Key Figures: Year End 2013
Revenue €53,290,880,000
Employees 36,306
1 – Majority owner based upon estimates and press release at time of publication
2 – Financial and historical growth trend based on public information at time of publication

7. Private Company Financial Intelligence
PrivCo’s Top 25 European Companies 2015 7
Edeka Zentrale consists of several independent supermarkets. There are
approximately 4,100 stores under the Edeka name that range from small
corner stores to hypermarkets.
Edeka Zentrale., [EDEZENP], Hamburg, DE
Initial Summary Majority owners of the company1
Owners
Employee Owned
Recent revenue & employee figures2
Key Figures: Year End 2013
Revenue €46,200,000,000
Employees 327,900
1 – Majority owner based upon estimates and press release at time of publication
2 – Financial and historical growth trend based on public information at time of publication

8. Private Company Financial Intelligence
PrivCo’s Top 25 European Companies 2015 8
PrivCo’s Top 25 European Companies 6-10
# Company Initial Summary Revenue 20131
6. Robert Bosch GmbH, Stuttgart, DE Bosch's core products include automotive components, industrial, and
building products.
€46,100,000,000
7. E. Leclerc SA, Levecourt, FR E.Leclerc SA owns and operates hypermarkets, supermarkets, and specialist
shops. The company also operates automobile service centers, cafeterias,
jewelry shops, logistics centers, pharmacies, and travel stations.
€45,600,000,000
8. Groupe BPCE, Paris, FR Groupe BPCE is a banking institution that offers products such as savings and
investment solutions, cash management services, financing solutions,
insurance, and wholesale banking services.
€43,200,000,000
9. Aldi Einkauf GmbH, Essen-Kay, DE Aldi Einkauf is an international discount supermarket chain headquartered in
Germany with a significant market presence in North America. It is also the
parent company of Trader Joe's.
€39,063,000,000
10. Franz Haniel & Cie. GmbH, Duisburg,
DE
Franz Haniel is a conglomerate with several divisions involved in the
distribution of washroom hygiene products, textile services, trading and
processing of raw materials for the stainless steel industry, and business-to-
business mail order services for business equipment.
€27,870,749,000
1 – Financial information based on public information at time of publication

9. Private Company Financial Intelligence
PrivCo’s Top 25 European Companies 2015 9
PrivCo’s Top 25 European Companies 11-15
# Company Initial Summary Revenue 20131
11. Ingka Holding B.V. (IKEA) Leiden, NL INGKA Holding B.V., does business as "IKEA", designs, develops,
manufactures, and sells home furnishings.
€28,731,850,000
12. Rabobank Group, Utrecht,
Netherlands
Rabobank Group is a Dutch multinational banking and financial services
company which provides food and agricultural financing and sustainability-
oriented banking.
€23,877,000,000
13. Mercadona SA, Tavernes Blanques, ES Mercadona is a Spanish family-owned supermarket chain with locations in
46 provinces.
€19,812,000,000
14. Heraeus Metallhandelsges, Hanau,
DE
Heraeus Metallhandelsges is a precious metal and technology company. It
manufactures products used in several industries such as medical,
electronics, and automobiles. The company operates over 25 development
centers globally.
€17,040,000,000
15. Marquard & Bahls, Hamburg, DE Marquard & Bahls operates automatic service stations for commercial
trucking fleets, such as oil trading and storing, diesel, lubricants, bitumen,
and pool stations. It also has service stations in Germany, Austria,
Switzerland, and Moldova.
€16,977,000,000
1 – Financial information based on public information at time of publication

10. Private Company Financial Intelligence
PrivCo’s Top 25 European Companies 2015 10
PrivCo’s Top 25 European Companies 16-20
# Company Initial Summary Revenue 20131
16. Argos Group Holding B.V., Rotterdam,
NL
Argos Group is an oil company that provides maritime oil terminals, logistics,
and transport services. The company has operations in Netherlands, France,
Germany, Belgium, and Luxembourg.
€16,522,000,000
17. Bertelsmann, Guetersloh, DE Bertelsmann is a mass media corporation operating in over 50 countries.
Bertelsmann owns BMG, Penguin, Gruner & Jahr, and the T.V. operator RTL
Group.
€17,289,580,000
18. Frere-Bourgeois, Gerpinnes, BE Frere-Bourgeois is the Frere family's investment management firm. €16,393,000,000
19. CMA CGM, Marseille, FR CMA CGM is a containerization, transportation, and shipping company. €15,901,000,000
20. Greenergy, London, UK Greenergy manufactures and blends fuels, including petrol and diesel fuels,
biofuels and off-road fuels.
€14,558,366,000
1 – Financial information based on public information at time of publication

11. Private Company Financial Intelligence
PrivCo’s Top 25 European Companies 2015 11
PrivCo’s Top 25 European Companies 21-25
# Company Initial Summary Revenue 20131
21. El Corte Ingles, Madrid, ES El Corte Ingles is a Spanish department store and supermarket chain with
additional operations in gas stations, convenience stores, and travel
agencies.
€14,291,680,000
22. Groupe Artemis, Paris, FR Groupe Artemis is a holding company which has a variety of investments in
vineyards, real estate, art, and apparel companies among others.
€11,031,768,000
23. Wurth Group, Kunzelsau, DE The Wurth Group is a wholesaler of fasteners, screws and screw accessories,
dowels, chemicals, electronic components, furniture and construction
fittings, tools, machines, automotive hardware, inventory management,
storage and retrieval systems.
€9,745,000,000
24. Danish Crown, Randers, DK Danish Crown produces and markets pork and beef, processed food, and
other products.
€8,991,404,000
25. DTEK Energy, Kieve, UKR Greenergy manufactures and blends fuels, including petrol and diesel fuels,
biofuels and off-road fuels.
€8,210,500,000
1 – Financial information based on public information at time of publication

12. Private Company Financial Intelligence
PrivCo’s Top 25 European Companies 2015 12
Thank you for your consideration
For the full list of the PrivCo Top European companies for 2015
please visit
http://www.privco.com/the-privco-150-europe-2014-report