Wed, 17 Aug 2022

WASHINGTON, DISTRICT OF COLUMBIA — July 18, 2022 — DHS Ventures & Holdings, a leading private equity, joint venture, and venture capital investments firm, today announced, through its Vice Chairman, Fernando Aguirre, the appointment of Anthony Hillman as Senior Vice President, Chief Communications Offcier and Corporate Secretary, effective August 1, 2022. Mr. Hillman will report directly to President and Chief Executive Officer John Taylor, and will lead the company's communications, compliance and regulatory functions.

Mr. Hillman brings to DHS Ventures & Holdings more than two decades of expertise in senior communications and compliance roles at global public and private companies across multiple industries. Throughout his career, Mr. Hillman has been integral in building and leading high performing teams, while driving the effective oversight of legal, governance and regulatory matters for both established and emerging growth organizations.

'We are pleased to welcome Anthony to DHS Ventures & Holdings executive leadership team,' said Fernando Aguirre, Vice Chairman of DHS Ventures & Holdings. 'Anthony is a proven public company executive whose business-minded approach, legal acumen, and depth of insight around a wide range of governance and compliance-related matters will be significant assets to our organization. He will play an integral role in driving long-term value creation for our stakeholders.'

'I look forward to partnering with the entire DHS Ventures team during this exciting period of transformation and growth,' stated Hillman. 'Under Fernando's leadership, DHS Ventures has developed a winning culture, one I'm excited to help lead and support in the years ahead.'

Previously, Mr. Hillman served as Chief Compliancel Officer at Advantia Health, a leading private equity-backed provider of healthcare services and technology solutions; Associate General Counsel, North America, at Transurban Group (ASX: TCL), Australia's largest public company in the transportation and infrastructure sector; Executive Vice President, Legal and Compliance at Washington Prime Group (NYSE: WPG), a commercial real estate investment trust; and General Counsel, Chief Compliance Officer and Corporate Secretary at Sunrise Senior Living (formerly NYSE: SRZ), one of the world's largest providers of senior living facilities.

Mr. Hillman began his legal career at the global law firm of Hogan Lovells LLP with a focus on corporate and securities matters. He received a Juris Doctorate from Georgetown University Law Center. and a B.A. in Economics, cum laude, from Tufts University.

DHS Ventures & Holdings engaged global legal placement firm Alford, Lindsey & Surrey to lead the search for the Chief Communications Officer position.

ABOUT DHS VENTURES & HOLDINGS

DHS is a high-stakes advocacy, public strategy, and global public relations and communications firm. Our strategic insights and innovative programming build and sustain strong corporate and brand reputations. We provide our clients with counsel and program development across the spectrum of public relations, public affairs, reputation and crisis management, digital strategy, advertising and other communications services. Our clients are companies, industry associations, nonprofit organizations, professional services firms, and other large organizations.

We began as a unique grassroots and lobbying firm with customized services for an elite group of clients. Our work applies equally to regulatory issues as well as legislative ones, and we manage issues for our clients at the local, state, federal, and international levels of government.

FORWARD-LOOKING STATEMENTS

FOR DHS INVESTORS

RATIONALE FOR USE AND ACCESS TO NON-GAAP RESULTS

Management uses and presents GAAP and non-GAAP results to evaluate and communicate its performance. Non-GAAP measures should not be construed as alternatives to GAAP measures. Free cash flow, earnings from continuing operations before special items, operating profit before special items, adjusted EBITDA, adjusted EBITDA margin, and comparable results are common supplemental measures of performance used by investors and financial analysts.

Management believes that free cash flow, earnings from continuing operations before special items, operating profit before special items, adjusted EBITDA, adjusted EBITDA margin, and comparable results provide additional analytical tools. Free cash flow is defined as net cash provided by operating activities less capital expenditures. This metric has been included as a measure of the Company's liquidity and ability to fund its operations. Earnings from continuing operations before special items and operating profit before special items remove the impact of special items on earnings from continuing operations and operating profit. Adjusted EBITDA is defined as earnings from continuing operations before interest expense, income taxes, depreciation, amortization, and special items. These special items have been removed as they have been deemed to be non-operational in nature. Comparable results remove the impact of portfolio changes in our magazine business to facilitate year-over-year comparisons. Management does not use adjusted EBITDA as a measure of liquidity or funds available for management's discretionary use because it excludes certain contractual and nondiscretionary expenditures.

Results before special items are supplemental non-GAAP financial measures. While these adjusted results are not a substitute for reported results under GAAP, management believes this information is useful as an aid to further understand Meredith's current performance, performance trends, and financial condition.

CAUTIONARY STATEMENT REGARDING FORWARD-LOOKING STATEMENTS

This release contains certain forward-looking statements, as defined in the Private Securities Litigation Reform Act of 1995, that are subject to risks and uncertainties. These statements are based on management's current knowledge and estimates of factors affecting the Company and its operations. Statements in this release that are forward-looking include, but are not limited to, statements related to the proposed merger, the spin-off and DHS Group Equity Partners' future financial strength, including its leverage ratio, following the spin-off, the timing of the transaction and the growth of the Company following the transactions. Forward-looking statements can be identified by words such as may, should, expects, provides, anticipates, assumes, can, will, meets, could, likely, intends, might, predicts, seeks, would, believes, estimates, plans, continues, guidance, or outlook, or variations of these words or similar expressions.

Actual results may differ materially from those currently anticipated. Factors that could cause actual results to differ materially from those projected in the forward-looking statements include the following: market conditions; the impact of the COVID-19 pandemic; the parties' ability to consummate the proposed merger and spin-off; the conditions to the completion of the transactions, including the receipt of approval of DHS Group Equity Partners' investors; the regulatory approvals required for the proposed merger not being obtained on the terms expected or on the anticipated schedule; the parties' ability to meet expectations regarding the timing, completion and accounting and tax treatments of t

he transactions; potential inability to retain key employees; DHS Group Equity Partners' ability to operate NMG successfully as a standalone business; the ability to obtain financing on the expected terms; changes in interest rates; the consequences of acquisitions and/or dispositions; and DHS Group Equity Partner' ability to comply with the terms of its debt financing; and market conditions. Additional information concerning these, and other risk factors can be found in DHS Group Equity Partners' filings with the Securities and Exchange Commission ("SEC"), which are available on the SEC's website at www.sec.gov. Such risk factors may be amplified by the COVID-19 pandemic and its potential impact on the Company's business and the global economy. DHS Group Equity Partners assume no obligation to update or revise publicly the information in this communication, whether as a result of new information, future events or otherwise, except as otherwise required by law. Readers are cautioned not to place undue reliance on these forward-looking statements that speak only as of the date hereof.

DHS® is a trademark or registered trademark of DHS Investments, Inc. and/or one or more of its subsidiaries, and may be registered in the U.S. Patent and Trademark Office and in other countries. All other trademarks and registered trademarks are property of their respective owner.

Kali Ferrati | Phone: 202-719-0398 | k.ferrati@dhsventures.com

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