Epstein Files Search

EFTA01414378Set 10

143p21,289w

81nidZpGqzkSDMpD This document is For Internal Use Only. Deutsche Bank Corporate & Investment Banking CONFIDENTIAL SPAC discussion materials August 2016 Deutsche Bank Securities Inc., a subsidiary of Deutsche Bank AG, conducts ... Deutsche Bank Corporate & Investment Banking EFTA01414380 81nidZpGqzkSDMpD Contents Section 1 Executive summary 1 2 SPAC market updates 3 SPAC 101 Appendix I II Deutsche Bank SPAC credentials Selected DB SPAC ... Corporate & Investment Banking Executive summary Section 1 EFTA01414382 81nidZpGqzkSDMpD Executive summary fit The U.S. SPAC market had a strong 2015, with several notable IPOs and completed business combinations fueling

https://www.justice.gov/epstein/files/DataSet%2010/EFTA01414378.pdf

EFTA01369689Set 10

1p436w

Integrated Deutsche Bank team dedicated to SPACs Tenured team with continuity and focus since the early 2000s SPAC Investment Banking Senior Equity Capital Markets Focus SPAC Capital Markets • 17+ years ... Mark Hantho Jeffrey Bunzel Eric Hackel and advisory services for both > Helped raise 25 SPACs. Managing Director Managing Director Managing Director pine-arol-posttcritosSPACs Carlos Alvarez both pre and post ... Equity Capital Head of Alternative Equity Americas Head of Equity • Helped raise -BO SPACs Managing Director > Helped complete 7 de- Markets 1- Helped complete 50+ dot Capital Markets SPACing transactions

https://www.justice.gov/epstein/files/DataSet%2010/EFTA01369689.pdf

EFTA00938143Set 9

2012-06-262p614w

From: Jeffrey Epstein <jeevacation@gmail.com> To: Julien Boillot Cc: karem Subject: Re: Spacs Date: Tue, 26 Jun 2012 11:40:04 +0000 not exactly , but there are many pros and cons ... already existing spac„ many are for sale the we are selling interests in the spc.. theree is no ipo involved ... Julien Boillot wrote: I had a close look at the various data on SPACs and I am not entirely certain it will work for us at least at the holding

https://www.justice.gov/epstein/files/DataSet%209/EFTA00938143.pdf

EFTA01879144Set 10

2012-06-263p620w

kareml From: Jeffrey Epstein Sent: Tue 6/26/2012 11:40:04 AM Subject: Re: Spacs not exactly , but there arc many pros and cons.. we buy an already existing spac ... Julien Boillot wrote: I had a close look at the various data on SPACs and I am not entirely certain it will work for us at least at the holding ... outline below the issues that I have (based on my understanding) for discussions purposes. SPACs are by definition a pot of cash raised via an IPO in order to make

https://www.justice.gov/epstein/files/DataSet%2010/EFTA01879144.pdf

EFTA02363695Set 11

2012-06-261p451w

Boillot Sent: Tuesday, June 26, 2012 9:46 AM To: Jeffrey Epstein; karem Subject: Spacs I had a close look at the various data on SPACs ... discussions purposes. =font class="Apple-style-span" face="Adobe Caslon Pro" size="3"> SPACs are by definition a pot of cash raised via an IPO in order to make ... fund, when necessary, its development. This raises=two questions: (i) can we use a SPAC to make acquisition of several companies i= various sectors

https://www.justice.gov/epstein/files/DataSet%2011/EFTA02363695.pdf

EFTA01369696Set 10

2016-02-241p482w

Recent SPAC debut performance Day 1 trading statistics and outperformance by DB-led SPACs I From structuring the First day Total Day 1 Closing % change Day 1 Maximum % change high ... trading SPAC IPOs since June 2014 transaction properly to of trading IPO (Smm) Price I unit on Day 1 Price I unit on Day 1 ! Vol. (thousands) ---------- marketing the deal ... Cluinpatio Acquisition Corp. 2 1116116 360.0 10.00 0.0% 10.01 0.1% 3,176 Recent SPAC IPOs AR Capital Acquisition Corp. 102/14 276 0 9.74 (2.6%) 9.83 (1.7%) 4.431 Terrapin 3 Acquisition

https://www.justice.gov/epstein/files/DataSet%2010/EFTA01369696.pdf

EFTA01878538Set 10

2012-06-262p480w

Subject: Specs I had a close look at the various data on SPACs and I am not entirely certain it will work for us at least at the holding level ... outline below the issues that I have (based on my understanding) for discussions purposes. SPACs are by definition a pot of cash raised via an IPO in order to make ... fund, when necessary, its development. This raises two questions: (i) can we use a SPAC to make acquisition of several companies in various sectors

https://www.justice.gov/epstein/files/DataSet%2010/EFTA01878538.pdf

EFTA01369699Set 10

1p482w

Partnering with a SPAC is the better solution for sellers right now than a regular-way IPO, which is challenging path SpAC Most Illustrative post de-SPAC trading themeP recently ... completed S 3- Or 11 de-SPACs have Achieve completed Si) - upfront structure and experienced virtually transactions post- Ability to pre-sound Efficient and expeditious process with pnce certainly from ... outstanding MIME rote work before announcement Flr the Mourn to terms post-public SPACs with 56bn+ accounts and Calico receive their buy-in • 2-3 month SEC renew announcement

https://www.justice.gov/epstein/files/DataSet%2010/EFTA01369699.pdf

EFTA01369706Set 10

1p286w

does a SPAC work? I A publicly listed A SPAC is a financing tool that allows an investor to co-invest 'publicly' side-by-side with a best-in-class ... sponsor, The SPAC is an acquisition SPAC investor benefits ►rom downside protections while the sponsor, if successful, is entitled to entrepreneurial vehicle whereby a economics sponsor team raises a blind ... pool of cash to acquire a private Listed 'successor' operating company Listed `SPAC' Target company company The SPAC structure gives 'de — SPACing'- Publicly Acquisition Target 'reverse IPO' of investors access

https://www.justice.gov/epstein/files/DataSet%2010/EFTA01369706.pdf

EFTA01369710Set 10

1p199w

Sizing a SPAC should be driven by the size of the targets Dilutive impact of SPAC structure is minimized with a larger deal size Illustrative dilution on a $200mm SPAC ... various transaction values The latest SPAC structure offers dramatically less Transaction value • TEV (multiple of IPO) 1.0x 3.0x 5.0x dilution compared to the legacy structure, which ... Additionally, by selecting EBITDA 20.0 60.0 100.0 targets with TEV much larger than the SPAC, the Fully diluted TEV w/ promote 5250.0 $650.0 $1,050.0 dilution hurdle can be Fully

https://www.justice.gov/epstein/files/DataSet%2010/EFTA01369710.pdf

EFTA01369694Set 10

2016-04-201p687w

first ever French SPAC listing "V MEDIAWAN Mediawan €250m IPC) yr On 20 April 2016, Deutsche Offer summary Company information Bank acting as Joint Global Price date - 20 April ... Niel, Matthieu entertainment industnes in Europe Bookrunner successfully Sponsors Pigasse priced the first ever SPAC Exchan.e - Euronext Paris (Professional segment) ✓ Mediawan Is sponsored by 3 successful. ezperrenced and complementary sponsors ... Iliad Group and the co-owner Deutsche Bank's No 1 SPAC share callable if share price above €18 of the French newspapers Le Monde Group and L'Obs Sponsor

https://www.justice.gov/epstein/files/DataSet%2010/EFTA01369694.pdf

EFTA01369697Set 10

1p241w

should premier Sponsors consider the SPAC market? 4, Deutsche Bank has been Benefits Considerations left lead on SPACs for the pre-eminent buyout firms ✓ Permanent public equity capital — Conflicts with ... capital are planning to raise — Finding the right deal that is appropriate for a SPAC money through blank- Significantly easier process to raise money than private check companies to make ... capital — Sizing the SPAC acquisitions outside of Private capital market remains constrained and fees their main buyout funds continue to compress A well-tailored SPAC ✓ Product is becoming more institutionalized

https://www.justice.gov/epstein/files/DataSet%2010/EFTA01369697.pdf

EFTA01369724Set 10

2015-04-221p475w

INFOR Acquisition Corp. vlINFOR A(-QU's'TN)NCORV CAD230mm Canadian SPAC IPO Deutsche Bank, BMO Summary IPO terms INFOR Acquisition Corp overview Capital Markets and CIBC • INFOR Acquisition Corp ... based in Amount held in trust: Equal to 103% of the oftering proceeds the SPACs $8 0mm of 'at-risk' capital Toronto Sponsor "at risk" CADS Omm investment in shares ... risk" capital contributed investment: share (direct purchase of 8.0mm Class B shares) by SPAC board of directors and an additional option by independent directors to invest an additional

https://www.justice.gov/epstein/files/DataSet%2010/EFTA01369724.pdf

EFTA01369700Set 10

1p209w

involved in every stage of the back-end The cornerstone of the DB SPAC franchise is its back-end strength I Key milestones Access to DB's industry banking ... assessment Access to DB's research capabilities, including up-to-date information on other SPAC transactions Access to DB's M&A advisory capabilities under NDA regarding proposed transaction Assistance ... educating sellers about the SPAC structure Announcement day: Target • Up-to-date color on SPAC market performance • investor call 0 interactions file roadshow • Advice on how to position a target

https://www.justice.gov/epstein/files/DataSet%2010/EFTA01369700.pdf

EFTA01369702Set 10

2016-03-211p443w

Recent U.S. SPAC M&A transactions (continued) Selected completed M&A deals and announced SPACs I Announced SPAC deals ROti l31.1)1V 'a 3 Astrkly TI1FIRAPIU SILV ER RuN 1113X60 ... 68mm - TEV ' EBITDA Ix) — 8.3x - NA - 104x - 3 tho - 12.6x % Cnvned by SPAC — 55% - 41% 29% - 53% - 27% Aarunce 1V•oui c Announce onnc,knze

https://www.justice.gov/epstein/files/DataSet%2010/EFTA01369702.pdf

EFTA01369714Set 10

2007-02-131p446w

Deutsche Bank's leading SPAC franchise Deutsche Bank is a Select new SPAC generation SPAC IPOs through 2009 thought and market share leader in structuring CAPITOL ACCIOISITIONM En Resolute ... Jowl*. drernee A TRIAN ACQUIMTION I CORP SPACs and marketing *shaman Capsol Pequnalon Cap. N axe Holdings Cap. Resolule NAOMI Resources Nana Moralise Acoulsebn Carp In an kquaboolCorp Caspar, them

https://www.justice.gov/epstein/files/DataSet%2010/EFTA01369714.pdf

EFTA01369722Set 10

1p513w

similar Pricing date: June 5. 2014 business combination in a single large transformational investment SPAC post-financial Public offering size: 4500 million • Management learn has in the aggregate over ... Securities offered: 50 million units investing in value-onented investment opportunities relevance of the SPAC - each consisting of 1 share of common stock • Offers public investors the opportunity to team ... capital solutions. distinguishing it President from other financial buyers Strong alignment of in101osls between SPAC sponse, end shareholders Wendy 17- Extensive experience creating ptatfom investments and often Teramoto consolidating meaningful

https://www.justice.gov/epstein/files/DataSet%2010/EFTA01369722.pdf

EFTA00071284Set 9

2021-08-10148p42,885w

Exchange Act [15 www.sec.gov No doubt the very sophisticated Nikola SPAC sponsors: Girsky/AQR: VectolQ and other sophisticated instutions like Sull Crom client CNH/Iveco will be filing MASSIVE lawsuits for being ... case of AQR: ALSO "fooled" by Steve Title Starts Online Burns: Workhorse/Lordstown: Diamondpeak SPAC sponsors et al. Let's take a look at the latest SEC fraud complaint brought ... massive fraud Nikola/Trevor Milton just last week for False and misleading statements. NKLA SPAC sponsors: VectolQ: AQR and Steve Girsky: Brookfield. ANOTHER fraud on the SDNY Courts Cheers! Chris EFTA00071290

https://www.justice.gov/epstein/files/DataSet%209/EFTA00071284.pdf

EFTA01369695Set 10

1p599w

SILVER Silver Run Acquisition Corp. (NASDAQ: "SRAQU") RUN $500 million energy-focused SPAC,-; IPO DB is serving as the left Silver Run Acquisition Corp offering terms Transaction highlights lead underwriter ... fifth YTD (with the previous four IPOs all being Acquisition Corp., a SPAC RUN Healthcare transactions. averaging $109mm in size) led by Riverstone Pricing date February ... warrant meaningful oversubscription and is tied for the largest post-crisis SPAC landmark transaction that Amount held In trust: Equal to 100% of offering proceeds • Silver Run is sponsored

https://www.justice.gov/epstein/files/DataSet%2010/EFTA01369695.pdf

EFTA01369687Set 10

1p49w

Contents Section 1 Executive summary 1 2 SPAC market updates 18 3 SPAC 101 22 Appendix I Deutsche Bank SPAC credentials 29 II Selected DB SPAC M&A case studies

https://www.justice.gov/epstein/files/DataSet%2010/EFTA01369687.pdf