Landcadia Holdings, Inc. (NASDAQ: "LCAHU")
$250 million SPAC !PO
Key management Landcadia Holdings offering terms Transaction overview
- Intends to find a target in the dining, hospitality, entertainment and gaming sectors
Name Landcadia Holdings, Inc.
in the US
- Management learn led by Taman Riddle. sole shareholder. Chairman a CEO of
Pricing date May 25, 2016
Fortifier Enlodainment Inc. (FEI) and Richard Handler, CEO of Leucadia National
Inman Feititta
Transaction size $250 million Corporation and its largest operating subsidiary. Jeflenes Group LLC
Co-Chairmen 8 CEO
25 million units - over 50 years of collective operating and investing experience across multiple
- each unit consisting of 1 share of Class A common sectors. most notably in ruslaurants
Richard Handler Securities offered
stock and 1 warrant to purchase has a share of - under Fertittas leadership, FEI has executed over 20 acquisitions since the
Co-Chairman 8 President ClassA common stock formation of the company and generated sales in excess of $3.2bn in 2015
Amount held in trust: Equal lo 100% of offering proceeds Potential benefits to Landcadta:
Richard Liem
- opportunity to leverage deep industry /transaction knovAedge to scale
CFO 8 VP Sponsor "at risk" 57.0 million investment in warrants at $0.50 per warrant
businesses and maximize full grovah potential
Investment: (purchase of 14.0mm warrants)
- alignment of interests with a significant slake lied to the future performance of
Shares issued to sponsor al formation equivalent to the Company in an all-Nock or stookfcash business combination
Sponsor ownership:
Sponsor investing 20.0% of common equity ownership post - public raise - opportunity to monetize proprietary deal flew
experience DB role: Joint bookrunner (highest economics) - potential monetary benefits from appreciation of any stock that may be
received in the initial business combination
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Strategic alliance
Landcadia s spon6nrs sh.no sambr,- invesinient pinIottophy focused on Identifying
Transaction benefits to potential target / sellers
Partnership valh the Landcadia team including access to its global network
ilk/Was' undervaluedassets through proton:ion of fire business fundanientus and the
Yet•eins opportunity for operations( antler capital structure improvements 0 and opendionattlinancial expertise
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Experience in creating
Landoadpa
Holdings. Inc. sots Itucadla National
Corporation
- Global reach and braid
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Potential for owners to receive stock in the initial business combination
and create substantial liquidity and realization of value through publicly
traded securities of Landcadia
"Fast track' to becoming a Nasdaq listed company while minimizing
value through operational knonledge base disruptions to the Company and its employees
initiatives
aNationalBad TilE W ESTIN - Resources and expertise
for ptatform and add-on Leticadm
- Access to proprietary
deal flow
Access to US capital markets and a public currency that can be used to
M&A, value investing fund acquisitions and organic expansion
acquisitions
and corporate finance
Deep industry knonledge expertise
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with extensive network of
Hilton Abely to structure a transaction to meet specific target needs
contacts
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Deutsche Bank Source: Company Nods 6
Corporate Banking Z. Socuraies
CONFIDENTIAL - PURSUANT TO FED. R. CRIM. P. 6(e) DB-SDNY-0062123
CONFIDENTIAL SDNY_GM_00208307
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