Case File
efta-01374923DOJ Data Set 10OtherEFTA01374923
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DOJ Data Set 10
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efta-01374923
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SRLP102 Alpha Group Capital
PCi: Summary Transaction Overview at Entry
SIR1S
Ot en ivy\
Business
1)e sc ri pt ion
lo, ina I tale
Capital
Structure at
Entry
CYr-Incestot',
Executive
Partners
• Leading provider of audio conferencin& web
and video collaboration solutions for over 50,000
businesses globally
• Acquisition: December 8, 2015
• Total Equity & Debt:
$1,097 DM
Total Equity:
$447 mm
Fund Bridge Financing())
$100 mm
Total Debt:
$550 mm
• LPs co-invested $136mm (31% of equity)
• Hubert de Pesquidoux, Bob Aquiline, Rod
Randall, Michael Seedman, Ted Schell
Entry Valuation & Liquid ityii
el erage
Transaction Structure
Acquisition
Financing
Holding Company
Premiere Global (PGi)
.Au lin
oar
env in!;
("Bondi
2015E Bond
Revenue. 5461 mm
SaaS Products
Retest
("Call Option") ,`"q"" 1(nts„
( 'Call Option )
2015E Cali
Revenue $110 mm
I n t ry Sum ma ry Financials (FY December 2015E)
• TEV(2) / PF2015E Total EBITDA: 6.0x
Projected Cost
Valuation
Total
Savings
PT Total
•
$23.5 mm of minimum cash on balance sheet
Revenue
$571
5571
•
$38 mm of cash for non-recurring expenses,
Liquidity/
Leverage
including restructuring expense, earn-outs and
PF EBITDA(4)
$106
$60(4)
$166
certain tax settlements
% Margin
18.6%
29.1%
■ Net Debt(3) / PF2015E Total EBITDA: 3.8x
Nang Please we Angwarths-Pootrgam! ad 'Sat. Maclaine! and "Cabe Stadia" for anporiari informs:en, additional consideration and dot enders
Ill Totai Debt in:hidesSIC° rnm m Sins Bridge Lom (Fund II & Hilt:von difficult credit financing rnarlas. Sins Bridge Loan was refinanced in November 2016, eleven months after *ennui esquisition.
12) Total Erarrgrm Value 'TE%"') s $447.3cren total equity • SlCOmm bridge Ammons • %WO men total debt -131.5mm of transaction engnte• • $234 nun drank.. 50•92:Arsin / SI 66.4 mm PF20I51: Taal ElilTI/A a 6.0x.
IJI Net Debt - SIOOrnenbndge financing + SSW nun total debt - fat S mm nu:diatom cads -Se e3 min net debt / BB:0.4mm IT2015E Total EBI1DA a lac
PO Pro Forma EBITDA figments Total EBITDA including Su-n' 'rejected Mat saving fore‘ocere‘l over ennui two years as if realized mot eery. Then can be ro amines.° suchcost se, min will be achieved.
32
CONFIDENTIAL - PURSUANT TO FED. R. CRIM. P. 6(e)
CONFIDENTIAL
DB-SDNY-0069875
SDNY_GM_00216059
EFTA01374923
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