Case File
efta-01369724DOJ Data Set 10OtherEFTA01369724
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DOJ Data Set 10
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efta-01369724
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vlINFOR INFOR Acquisition Corp.
A(-QU's'TN)NCORV
CAD230mm Canadian SPAC IPO
Deutsche Bank, BMO
Capital Markets and CIBC
and acted as bookrunners
for INFOR Acquisition
Corp, which is sponsored
by INFOR Financial
Group, an independent
merchant bank based in
Toronto
Key management
Name
Position
Neil M Selle
CEO
Dennis PeHann
CFO
Greg Lewis
SVP
Deutsche Bank
Corporate Banking & Securities
Summary IPO terms
Announcement date:
rI ps1,F9R
April 22, 2015
Transaction size:
CAD200mm • 15% Over-Allotment Option
23mm units
Securities offered:
- Each unit consisting or one Class A Restricted
Voting Share and % Warrant
Amount held in trust:
Equal to 103% of the oftering proceeds
Sponsor "at risk"
investment:
Sponsor promote:
CADS Omm investment in shares al CAD10.00 per
share (direct purchase of 8.0mm Class B shares)
Shares issued to sponsor al formation equivalent to
20.0% of common equity ownership (including Class A
shares and Class B shares) post-public raise
Bookrunners
Deutsche Bank. BMO Capital Markets and CIBC
Sponsor highlights
Ye
kit
Significant xperience in providing advisory services on
transformative transactions and related capital markets activity
Completed transactions across all industry segments. and
specializing in TMT and financial services
•
Experienced team has been directly involved in originating and
1.
executing over 400 transactions totaling over $150bn
Directors have strong relationships throughout the North
V
American capital markets to identifying new opportunities
Proven expertise in advising and executing on strategic growth
and value creation initiatives for North American businesses
(
Robust track record of realizing significant value through the
-1
execution of roll-up and consolidation strategies
Company data
INFOR Acquisition Corp overview
• INFOR Acquisition Corp is a newly organized special purpose
acquisition corporation formed for the purpose of effecting a business
combination with a premier Canadian business
• Target business would not be limited to a particular industry. although
the Company intends to target businesses that operate in the financial
senaces, industrial. discretionary, infrastructure. staples and
healthcare technology industries
• Affiliated with Element Financial Corp. which invested 52 4mm out of
the SPACs $8 0mm of 'at-risk' capital
Strong alignment of interest with SI 6mm of -at-risk" capital contributed
by SPAC board of directors and an additional option by independent
directors to invest an additional $0 8mm in commitments pan-passu with
investors on closing
• Will have active engagement from board of directors who are industry-
leaders in Canada with deep financial services and political connections
Key offering highlights
O
O
0
First Canadian SPAC IPO
Upstzed from CAD100mm to CAD200mm during marketing
process
Extremely high quality order book with meaningful presence of
many premier long-only's
Meaningful over-subscription
Strong access to credit markets for acquisition financing
Entrance and extensive participation from Canadian investors
Support and investor conviction for SPACs continue to
grow, even in non-US markets such as Europe and Canada
39
CONFIDENTIAL - PURSUANT TO FED. R. CRIM. P. 6(e)
CONFIDENTIAL
DB-SDNY-0062159
SDNY_GM_00208343
EFTA01369724
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