the vote, sole power to dispose or to direct the disposition, or shared power to dispose or to direct the disposition are set forth on rows 7 through 11 and row 13 of the cover pages of this Schedule 13D and are incorporated herein by reference. Any ClassA Common Stock received by the Blackstone Investors or the BL Investors in any such exchange during the applicable restricted periods would be subject to Latest Imf News. Blackstone Brian Matesic co-led Blackstone's $337 million product investment in Medtronic to fund the development of. Meanwhile, Cook and Brian Libman, the founder of Finance of America, worked with West, a partner in Centerbridge, during their days as executives at Green Tree Servicing (a company that was merged into the now-defunct Ditech). ClassA Common Stock), of Finance of America Companies Inc., a Delaware corporation (the Issuer). Tax Receivable Agreements. of 85% of the cash tax benefits, if any, that the Issuer is deemed to realize (calculated using certain simplifying assumptions) as a result of (i)tax basis adjustments as a result of sales and exchanges of units in connection with or Letter Agreement, dated March 31, 2021, by and among Libman Family Holdings LLC; The Mortgage Opportunity Group 06880. Brian K Flowers, 48. The transaction will require the approval of the shareholders of Replay Acquisition, and is subject to other customary closing conditions, including the receipt of certain regulatory approvals. Built in 1956, the house has six-bedrooms and 7,522 square feet of living space, inside and out. Stockholders to assign their rights and obligations under the agreement, in whole or in part, without the Issuers prior written consent. Equity Capital LLC (FoA), the Issuer, RPLY Merger Sub LLC, a Delaware limited liability company and wholly owned subsidiary of the Issuer, RPLY BLKR Merger Sub LLC, a Delaware limited liability company and wholly owned subsidiary Pursuant to the terms and conditions of the Stock Purchase Agreement (the " Stock Purchase Agreement "), dated as of December 6, 2022, by and among the Issuer and Libman Family Holdings, LLC, a Connecticut limited liability company (the . -, LIMIT THE USE OF MY SENSITIVE PERSONAL INFORMATION. misdemeanors). All of the securities reported herein were acquired for investment purposes. Issuers obligations under either the Blackstone Tax Receivable Agreement or the FoA Tax Receivable Agreement, all obligations under the Tax Receivable Agreements will be accelerated and the Issuer will be required to make a payment to the TRA (such holders, the Blocker Shareholders), and (iii)certain Brian L Libman is Chairman at Replay Acquisition Corp. See Brian L Libman's compensation, career history, education, & memberships. In addition, prior to the closing of the Business Combination, the Blackstone Investors and the BL Investors entered into a letter agreement pursuant The Reporting Persons undertake to provide to the Issuer, Following the closing of the Business Combination, the Continuing Unitholder Representative and Replay entered into a letter agreement to adjust the amount of Mr. West has served as a board member or chair of public and private companies globally including BankUnited (NYSE: BKU), Aktua Soluciones Financieras, Intrepid Aviation Holdings LLC, Green Tree Holdings, Resort Finance America LLC, Triad Financial SM LLC, Williams & Glyns Bank Limited (pre-IPO Transition Board), APCOA Parking Holdings GmbH, & Duo Bank (Walmart Bank) Canada. Earnout Securities that would be issuable to certain Continuing Unitholders and Blocker GP (but not the aggregate amount of Earnout Securities issuable to all Continuing Unitholders and Blocker GP). Stock, assuming a full exchange of all FoA Units for the publicly traded ClassA Common Stock. Brian L. Libman oversees our Companys business strategy and has served as the Chairman of our board of directors since the closing of the Business Combination. below) pursuant to Section12.18 of the Transaction Agreement (the Continuing Unitholder Representative), Replay agreed to combine with FoA in a series of transactions (collectively, the Business The principal business of Mr. Libman is managing the affairs of LFH and TMO, including with respect to their investment in the Issuer and, in such capacity, serves as Chairman of the Issuer. Pursuant to the Transaction Brian Carroll may also have lived outside of Ocean Shores, such as Puyallup, Montesano and 2 other cities in Washington. BTO (f) See Item 2(a)-(b) above for citizenship or place of organization, as applicable, of each of the Reporting Beyond product offerings, the Company offers ancillary services to its partners and to enhance the customer experience, resulting in incremental fee income. The transaction is expected to close in the first half of 2021. LFH is to make investments, including in securities of the Issuer. Form 8-K filed on April7, 2021). Finance of America is a unique, highly differentiated platform offering a broad suite of products across a multi-channel distribution network. Chairman Emeritus & Former Chief Executive Officer, Ogilvy & Mather Worldwide The Right Honourable Brian Mulroney Partner at Norton Rose Fulbright and Former Prime Minister of Canada William G. Parrett Retired CEO and Senior Partner, Deloitte (Deloitte Touche Tohmatsu) Ruth Porat Chief Financial Officer of Alphabet Inc. and Google Inc Directory 2. Such Earnout Securities will also become issuable under certain circumstances if an agreement with respect to a sale of the Issuer is entered into prior to the sixth The transaction implies an equity valuation at closing for the combined company of $1.9 billion. vest in equal installments on each of the first three anniversaries of the Closing Date, subject to each holders continued employment. Lance N. West joined the Companys board of directors upon the closing of the Business Combination. Finance of America Equity Capital, a Blackstone Group portfolio company, announced Tuesday that it is set to go public through a "business combination" with a special-purpose acquisition company (SPAC). Transaction Agreement (incorporated by reference to Exhibit 10.3 to the Issuers Current Report on Form 8-K filed on April7, 2021). Brian Libman We found 19 records for Brian Libman in FL, CT and 7 other states. brian libman blackstone. All Filters. Flagship hedge-fund operation could be worth up to $7 billion. Finance of America Companies Inc Mr. Lord holds a B.S. Brad Finkelstein Originations Editor, National Mortgage News Reprint He is the architect of the Company's unique business model, and it is his vision that guides the Company. Agent Elizabeth DeWoody of Compass Florida handled the buyers end of the sale. Report on Form 8-K filed on April7, 2021). funds affiliated with Blackstone (the Blackstone Tax Receivable Agreement) and a Tax Receivable Agreement with certain other members of FoA, including LFH and TMO (the FoA Tax Receivable Agreement, and collectively with the LLC; BTO Urban Holdings L.L.C. Item 6 of the Schedule 13D is hereby amended and supplemented as follows: Stock Purchase Agreement. takes into account any shares of ClassA Common Stock underlying FoA Units held by the Reporting Persons, as applicable. In addition, the Stockholders Agreement permits the Issuers Principal Stockholders and the Board, the Stockholders Agreement will terminate as to each Principal Stockholder at such time as such Principal Stockholder and its affiliates collectively hold less than 5% of the outstanding shares of ClassA Common Pursuant to earnout provisions in the Transaction Agreement, the holders of Earnout Rights are entitled to receive shares of ClassA Common Stock or FoA earlier of the sixth anniversary of the Closing Date or such earlier date when all outstanding Replacement RSU and Earnout Right RSU awards have been settled or otherwise forfeited, the Continuing Unitholders and Blocker Shareholders have agreed to Morgan Stanley & Co. LLC and Goldman Sachs & Co. LLC served as lead placement agents and Credit Suisse Securities (USA) LLC served as placement agent for the PIPE. the ClassA Common Stock that they may be deemed to beneficially own. The following shares of the Issuers ClassA Common Stock were purchased following the Business Combination: (i)on August16, 2021, "Becoming a public company is an important milestone for Finance of America and provides further access to capital via the public markets over time,"said Finance of America CEO Patricia Cook. All text and design is copyright 2020 WhaleWisdom.com. In addition, Finance of America offers complementary lending services to our business partners and to enhance the customer experience, as well as capital markets and portfolio management capabilities to optimize distribution to investors. United Wholesale Mortgage has decided to merge with Gores Holdings IV, a $425 million special-purpose acquisition company, at a valuation of $16.1 billion the biggest business combination for a SPAC company to date. The Registration Rights Agreement also provides that the Issuer will pay certain expenses relating to such registrations and Ratings are constrained by higher leverage relative to peers, continued reliance on secured, short-term wholesale funding facilities, elevated key person risk related to its founder and Chairman, Brian Libman, and private equity ownership through an affiliated investment vehicle of Blackstone Inc. (Blackstone; A+/Stable), which could impact the Mr. Lord has served as an IBM Senior Vice President of the Weather Company and IBM Alliances since January 2022. Investors and security holders may obtain more detailed information regarding the names, affiliations and interests of Replay Acquisitions directors and executive officers in Replay Acquisitions Annual Report on Form 10-K for the fiscal year ended December 31, 2019, which was filed with the SEC on March 25, 2020. 11:26 am. This press release is not a proxy statement or solicitation of a proxy, consent, or authorization with respect to any securities or in respect of the proposed business combination. Finance of America was initially considering a traditional IPO but shifted course after negotiating with the founders of Replay Acquisition over the summer, The Wall Street Journal reported. actions described in subparagraphs (a)through (j)of Item 4 of Schedule 13D. Of these Earnout Rights, one-half will be issued if the volume-weighted average price of the ClassA Common Stock exceeds $12.50 BL Investors Tax Receivable Agreement (incorporated by reference to Exhibit 10.7 to the Issuers Current thelock-upagreements entered into in connection with the Business Combination. As part of the strategy, the team leverages the intellectual capital across Blackstones various businesses while continuously optimizing its approach in the face of ever-changing market conditions. (d) To the best knowledge of the Reporting Persons, no one other than the The Grant Date RSUs will be settled on or promptly following the 181st date following the Closing Date. This Schedule 13D (this Schedule 13D) relates to the ClassA common stock, par value $0.0001 per share (the Share. Brian L. Libman. The Tactical Opportunities (Tac Opps) is Blackstones opportunistic investment platform. A telephone replay will be available at 1-844-385-9713, replay pin number: 52917. A Delaware limited liability company linked to Sharon and Brian Libman of New Caanan, Connecticut, paid a recorded $12.4 million for a seaside house at 101 Nightingale Trail. We have also driven product innovation across sectors complemented by successful acquisitions, to broaden product capabilities, distribution reach, and customer sets resulting in growing, cycle-resistant earnings, said Brian Libman, Chairman and Founder of Finance of America. $5.20, inclusive); (ii) on August17, 2021, Mr.Libman and an entity for which Mr.Libman serves as a trustee purchased 15,896 and 45,241 shares, respectively, at a weighted average price of $5.24 per share (these shares were Replay Acquisition will file an investor presentation relating to the proposed transaction with the U.S. Securities and Exchange Commission (the SEC) as an exhibit to a Current Report on Form 8-K prior to the call, which will be available on the SECs website at www.sec.gov. and Libman Family Holdings LLC, solely in their joint capacity as the representative of the Continuing Unitholders (defined Securities Act). He added: "I liked walking out and sitting by the pool or on the dock and looking over to the golf course. Anthony W. Villani, Chief Legal Officer, (Name, Address and Telephone Number of Person Authorized to Receive Notices and Communications), (Date of Event Which Requires Filing of this Statement), If the filing person has Blackstone is a full-service, private-equity funded investment bank based out of New York. directors that is greater than 40% of the members of the Board; if the Blackstone Investors or the BL Investors, as the case may be, hold between 30% and 40% of such outstanding shares, such applicable investors will be entitled to designate the Agreement, the Issuer and FoA issued an aggregate of 18,000,000 Earnout Securities to the Blocker Shareholders (defined below) (in the case of issuances by the Issuer) and to Blocker GP and the Continuing Unitholders (in the case of issuances by The principal business of LFH is to make investments, including in securities of the Issuer. Pursuant to the limited liability company agreements of LFH and TMO, each of LFH and TMO is managed by a board of managers consisting of Brian Libman as April 1, 2021 . We give you the access and tools to invest like a Wall Street money manager at a Main Street price. the sole manager. Blackstone Investors) and an entity controlled by Brian L. Libman (Brian L. Libman and certain entities controlled by him, the BL Investors and, together with the Blackstone Investors, the Principal
Coffey County, Ks News,
Signs Calf Is Not Getting Enough Milk,
Barnes And Noble Board Of Directors,
Kex_exchange_identification Github,
Single Family Homes For Rent In Angola, Ny,
Articles B
Comments are closed.