Perella Weinberg Partners and FinTech IV Announce Execution of Definitive Business Combination Agreement
Transaction Includes Commitments for a $125 Million Common Stock Private Placement from Leading Institutional Investors Including Fidelity Management & Research Company LLC, Wellington Management and Strategic Investor Korea Investment & Securities
Perella Weinberg Partners’ Working Partners and Employees Will Own Approximately 50% of the Company Post-Closing
The transaction reflects an implied equity value for the Company of approximately $975 million.
Established, Diversified Franchise in the U.S. and Europe With approximately 560 employees.
Culture and Alignment Positioned to Drive Shareholder Value
The cash component of the consideration will be funded by FinTech IV’s $230 million cash in trust
At closing of the transaction, PWP expects to have a debt-free balance sheet with access to additional liquidity under an undrawn revolving credit facility.
The business combination is expected to close in the first half of 2021
finance.yahoo.com/ne...ch-iv-120000749.html
Transaction Includes Commitments for a $125 Million Common Stock Private Placement from Leading Institutional Investors Including Fidelity Management & Research Company LLC, Wellington Management and Strategic Investor Korea Investment & Securities
Perella Weinberg Partners’ Working Partners and Employees Will Own Approximately 50% of the Company Post-Closing
The transaction reflects an implied equity value for the Company of approximately $975 million.
Established, Diversified Franchise in the U.S. and Europe With approximately 560 employees.
Culture and Alignment Positioned to Drive Shareholder Value
The cash component of the consideration will be funded by FinTech IV’s $230 million cash in trust
At closing of the transaction, PWP expects to have a debt-free balance sheet with access to additional liquidity under an undrawn revolving credit facility.
The business combination is expected to close in the first half of 2021
finance.yahoo.com/ne...ch-iv-120000749.html