Case File
efta-01369722DOJ Data Set 10OtherEFTA01369722
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DOJ Data Set 10
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efta-01369722
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WL ROSS HOLDING CORP WL Ross Holding Corp. (NASDAQ: "WLRHU")
•
$500 million SHAG IPO
Deutsche Bank Securities
acted as lead underwriter
for WL Ross Holding
Corp, the largest US
SPAC post-financial
crisis, highlighting the
relevance of the SPAC
vehicle in the minds of
leading sponsors
Key management
Name
Position
Years of private
equity and
restructuring
experience
Wilbur Ross Jr
Chairman
CEO
40,
Stephen Toy
President
17-
Wendy
Teramoto
SW'
17-
Deutsche Bank
Corporate Banking & Securities
Summary IPO terms
WL ROSS VIOL JING CORP
Pricing date:
June 5. 2014
Public offering size:
4500 million
Securities offered:
50 million units
- each consisting of 1 share of common stock
and 1 warrant (exercisable for 'A share of
common stock)
Amount held in trust:
Equal to 103% of offering proceeds
Sponsor "at risk"
Sponsor 'at risk' investment of 511 .2 million in the
investment:
form of warrants ($0.50 per warrant)
Sponsor promote:
Shares issued to sponsor al formation equivalent
to 20.0% of common equity ownership post
public raise or 12.5 million shares
DB Role:
Lead Bcokrunnet
Sponsor highlights
0
Global private equity firm with 'vend-renowned management
team and proven track record of investment excellence
Value-oriented investment philosophy applied in a variety of
market cycles
Access to robust and consistent deal bow through dIflerentrated
origination network developed through senior management's 70+
years of private equity and restructuring advisory experience
Strong expertise in structuring complex transactions and
providing flexible. long-term capital solutions. distinguishing it
from other financial buyers
Extensive experience creating ptatfom investments and often
consolidating meaningful portions of large industries
Sauce. Companydala
WL Ross Holding Corp. overview
I
• WL Ross Holding Corp (WLRH) is a newly organized blank check
company formed for the purpose of effecting a merger, capital stock
exchange. asset acquisition, stock purchase. reorganization or similar
business combination in a single large transformational investment
• Management learn has in the aggregate over 70 years of experience
investing in value-onented investment opportunities
• Offers public investors the opportunity to team up with a management
team with the ability to source value-oriented investment opportunities
and create value through its distinctive distressed investing and
turnaround prowess
• WL Ross Holding Corp. benefits from the strong alignment of interest
that the shareholders share with Invesco Ltd. and WL Ross 8 Co. LLC
— Invesco Ltd. purchased 2.5 million units in the offering
— WL Ross 8 Co. LLC has the option to purchase 10 million shares at
the time of business combination
Investment highlights
O
Talky od public investniont Which, to profit hum thematic opportunities
alongsidean innovative and suxesslut management team
O
positioned to make an acquisition in the shipping, building materials.
energy at
Ideal vehicle to make a single Urge Irenslormational irwestmeM m the
$1.0-7.5 Salon range
Structure is Ideal for Value-Wonted' awastments. which will be a cons pad
of the investment sestina
Strong alignment of in101osls between SPAC sponse, end
shareholders
SPAC wall benefit from the deal flow generated at WL Ross & Co LLC and
the strong operational platform or Invesco.
37
CONFIDENTIAL - PURSUANT TO FED. R. CRIM. P. 6(e)
DB-SDNY-0062157
CONFIDENTIAL
SDNY_GM_00208341
EFTA01369722
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