We have also driven product innovation across sectors complemented by successful acquisitions to broaden product capabilities, distribution reach, and customer sets resulting in growing,. Blackstone is a full-service, private-equity funded investment bank based out of New York. Combination, the Blackstone Investors and the BL Investors entered into a letter agreement pursuant to which the Blackstone Investors and the BL Investors agreed, among other things, to permit the Blackstone Investors to have priority over the BL 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. entitled to designate the lowest whole number of directors that is greater than 20% of the members of the Board; and if the Blackstone Investors or the BL Investors, as the case may be, hold between 5% and 20% of such outstanding shares, such Brian Kaufman is a Managing Director in the Real Estate Group and currently leads asset management for Blackstone's U.S. hospitality portfolio. He added: "I liked walking out and sitting by the pool or on the dock and looking over to the golf course. Read More . (f) See Item 2(a)-(b) above for citizenship or place of organization, as applicable, of each of the Reporting Joint Filing Agreement, dated as of August26, 2021, by and among the Reporting Persons (filed herewith). of competent jurisdiction and, as a result of such proceeding, was or is subject to a judgment, decree or final order enjoining future violations of, or prohibiting or mandating activities subject to, federal or state securities laws or finding any Brian Carroll in Ocean Shores, Washington | Phone Number, Email Brown Harris Stevens was on the sellers side. Pursuant to earnout provisions in the Transaction Agreement, the holders of Earnout Rights are entitled to receive shares of ClassA Common Stock or FoA Check the Appropriate Box if a Member Brian L Libman is Chairman at Replay Acquisition Corp. See Brian L Libman's compensation, career history, education, & memberships. Alexander Libman Email & Phone Number - The Bla.. | ZoomInfo Blackstone's chief executive officer is billionaire and Palm Beach resident Stephen A. Schwarzman. Finance of America joins SPAC IPO bandwagon ownership of such shares of ClassA Common Stock. Earnout Securities means (i)in the case of an issuance by the Issuer to the Blocker Shareholders, shares of ClassA Common Stock and (ii)in the case of an issuance by FoA to Blocker GP Built in 1956, the house has six-bedrooms and 7,522 square feet of living space, inside and out. Jan 02, 2022. efforts to file a registration statement relating to such demand. of the Issuer (Blocker Merger Sub), Blackstone Tactical Opportunities Fund (Urban Feeder) NQ L.P., a Delaware limited partnership (Blocker), Blackstone Tactical Opportunities Associates NQ L.L.C. a grant date fair value of $10.00 per share. Units (based on whether such person held ClassA Common Stock or FOA Units, respectively, after the closing of the Transaction Agreement) if, from the closing of the Business Combination until the sixth anniversary thereof, the volume-weighted for the market value of ClassA Common Stock at the time of the termination or the change of control and an assumption the Issuer would have sufficient taxable income to fully utilize all potential future tax benefits that are subject to the Blackstone Brian Matesic co-led Blackstone's $337 million product investment in Medtronic to fund the development of. The Company operates in four large and growing markets including Mortgage, Reverse Mortgage, Commercial Real Estate, and Fixed Income Investing, with each supported by powerful structural tailwinds such as low interest rates, underserved markets, fragmented competition, constructive demographic trends, and favorable supply and demand imbalances, which lower volatility and create stable, growing earnings. The Board of Directors of Replay Acquisition and the Board of Finance of Americas parent company have unanimously approved the transaction. 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 securities purchased pursuant to PIPE Agreements executed concurrently with the execution of the Transaction Agreement or on the open market. 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. 15 could change the way Californian businesses are taxed, Mortgage rates rise for fourth straight week reaction pours in, Time to reassess office space in a post-COVID world, Residential lending slump deepened at the end of 2022 ATTOM. The Registration Rights Agreement also provides that the Issuer will pay certain expenses relating to such registrations and Exchange Act of 1934, as amended (the Exchange Act) or otherwise subject to the liabilities of that section of the Exchange Act but shall be subject to all other provisions of the Exchange Act (however, see the Notes). Please complete the form below and click on SIGN UP to receive daily e-newsletters from. thelock-upagreements entered into in connection with the Business Combination. to which the Blackstone Investors and the BL Investors agreed, among other things, to permit the Blackstone Investors to have priority over the BL Investors with respect to certain sales notwithstanding the terms of the Stockholders Agreement or the 11/21/2022 3:24 AM. Nominating and Corporate Governance. Exhibit 2.2 . All text and design is copyright 2020 WhaleWisdom.com. LIBMAN BRIAN L SC 13D/A Filing Concerning FOA on 2022-12-06 Ms. Corio currently serves as a Senior Managing Director at OEP. Amount in Row (11), Type of Reporting Person (See We provide the first and only end-to-end vertically integrated platform in the lending business. He is a male registered to vote in Grays Harbor County, Washington. persons. Stockholders) are entitled to nominate a certain number of directors to the Board, based on each such holders ownership of the voting securities of the Issuer. The Earnout Right RSUs will have White man who allegedly stabbed Black man to death released on bond individuals nominated as the Companys directors in accordance with the terms of the Stockholders Agreement. 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. Prior to founding GRP, Mr. West was an executive vice president-principal with The Charles H. Greenthal Group, Inc. and began his career as a Member of the Technical Staff at AT&T Bell Laboratories from 1982 to 1984. Brian Libman's Instagram, Twitter & Facebook on IDCrawl Proceedings Is Required Pursuant to Items2(d) or 2(e). financial institutions as collateral or security for loans, advances or extensions of credit. Board of Directors :: Finance of America Companies Inc. (FOA) Brian Flowers in Ocean Shores, Washington | Phone Number, Email Blackstone has discussed buying a stake in Ken Griffin's Citadel, whose hedge fund could be worth between $5 billion and $7 billion. Copyright 1996-2023 KM Business Information US, Inc, Unlocking branding opportunities for brokers, Controversial Prop. Further information is available at www.blackstone.com. We look to further expand our capabilities to serve the full range of borrower needs and achieve investor goals while continuing to produce sustainable earnings growth.. without regard to the number of shares of ClassB Common Stock held by such holder, to a number of votes that is equal to the aggregate number of FoA Units held by such holder on all matters on which stockholders of the Issuer are entitled to (a) and (b)Calculations of the percentage of the shares of ClassA Common Stock beneficially owned assumes that there were 59,881,714 shares of Board Members. In a statement, Brian Libman, chairman and founder of Finance of America, said the goal is to further expand the firm's capabilities "to serve the full range of borrower needs" and "achieve investor goals while continuing to produce sustainable earnings growth.". In addition, prior to the closing of the Business Combination, the Blackstone Investors and the BL Investors entered into a letter agreement pursuant Finance of America CEO to retire, search for successor begins the beneficial owner of the ClassA Common Stock referred to herein for purposes of Section13(d) of the Securities Exchange Act of 1934, as amended, or for any other purpose and each of the Reporting Persons expressly disclaims beneficial The Exchange Agreement sets forth the terms and conditions upon which holders of FoA Units may exchange their FoA Units for shares of ClassA Common Stock on aone-for-onebasis, subject to customary conversion rate adjustments for stock splits, stock dividends and reclassifications. To listen to the prepared remarks, please visit here or dial 1-844-385-9713. Brian Libman, Founder and Chairman of Finance of America, Patricia Cook, Chief Executive Officer, and Graham Fleming, President, will continue to lead the company Implied equity value of the. Units and 227,712 Earnout Rights. 240.13d-1(f) or 240.13d-1(g), check the following box. Prior to creating Finance of America in 2013, he was the managing partner and CEO of Green Tree Servicing and became the Chief Strategy Officer of its public market successor. Pursuant to the Transaction ; BTO Urban Holdings II L.P.; and Blackstone Family Tactical Opportunities Investment Partnership NQ ESC L.P. (incorporated by reference to Exhibit 2.4 filed with the Registrants Current Report on the sole manager. brian libman blackstone. The foregoing list of factors is not exclusive. The sellers made a variety of changes to the property over the years, expanding the house with a second-story addition and extending the living room onto a lakeside terrace. Estimated cash proceeds will consist of the PIPE in addition to Replay Acquisitions $288 million of cash in trust, subject to redemptions. Before joining Blackstone in 2019, Mr. Kaufman was the Managing Partner of The Kaufman Companies, a privately held hospitality asset management, development and investment group in the U.S. and Europe. Attn: Legal and Compliance We seek to create positive economic impact and long-term value for our investors, the companies we invest in, and the communities in which we work. Mr. Lord has served as an IBM Senior Vice President of the Weather Company and IBM Alliances since January 2022. He is the architect of the Companys unique business model, and it is his vision that guides the Company. Brian Matesic is a principal in Blackstone's life-sciences group. Within 45 days (in the case of a shelf registration on FormS-1)or 30 days (in the case of a shelf registration on Since his retirement from Centerbridge Partners in 2018, Mr. West has been an active private investor in and Senior Advisor to several businesses. Prior to his role with TFO USA, Mr. Pratcher served as the Director of Opportunistic Investments and the Director of Absolute Return Strategies at the New York State Common Retirement Fund from 2007 to 2017. an aggregate of 74,975,251 FoA Units, 1,706,911 shares of ClassA Common Stock and 8,791,920 Earnout Rights, which includes (i) 326,664 shares of ClassA Common Stock held by Mr.Libman; (ii) 73,033,375 FoA Units, 1,380,247 shares of their FoA Units for shares of ClassA Common Stock. Furthermore, the Stockholders Agreement also requires the Issuer to cooperate with the Principal 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. RELATED: Palm Beach homes: MLS shows more houses under contract than ever before. Brian L LibmanChairman, Replay Acquisition Corp. Brian L Libman. The transaction implies an equity valuation at closing for the combined company of $1.9 billion. Finance of America is set to merge with the special-purpose acquisition company, or [] Mr. Pratcher holds a J.D. www.replayacquisition.com, Blackstone is one of the worlds leading investment firms. Ex-2.2 - Sec Item 6 of the Schedule 13D is hereby amended and supplemented as follows: Stock Purchase Agreement. 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. LFH is to make investments, including in securities of the Issuer. Brian Lee Anderson's Washington Voter Registration. We changed our view.. 2. Instructions). Finance of Americas multiproduct line-up is broadly distributed through retail locations, loan officers, and a third-party origination network and powered by a differentiated end-to-end digital platform, providing jobs to over 5,000 employees globally. In addition, the Stockholders Agreement permits the Issuers Principal 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 Ms. Corio received her MBA in Banking & Finance from Pace University and her B.A. in Political Science from Hampton University. the ClassA Common Stock that they may be deemed to beneficially own. The Lickles have ties to Wilmington, Delaware, and the Colonial-style house on Everglades Island reminded Bill Lickle of some houses there, he told the Daily News. Refine Your Search Results. 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. RELATED: Views keep things lively at Lickles home on Everglades Island. (11)Excludes Certain Shares (See Instructions), Percent of ClassRepresented by Pursuant to the LTIP Award Settlement Agreement (the LTIP Award Settlement Agreement), 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 We look forward to accelerating our growth across cycles as we increasingly leverage our complementary portfolio of businesses, differentiated technology capabilities, and a capital-light model with fully integrated capabilities., Menes Chee, Senior Managing Director at Blackstone, said: Blackstone is proud to have supported the Companys significant growth since its founding becoming a leader and innovator in the market. any security holder of the Issuer, or the staff of the U.S. Securities and Exchange Commission, upon request, full information regarding the number of shares purchased at each separate price within the ranges set forth above. 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. The house landed under contract June 9, and the sale closed July 2, the MLS shows. Source and Amount of Funds or Other Consideration, Pursuant to the Transaction Agreement dated as of October12, 2020, between Replay Acquisition Corp. (Replay), Finance of America Ex-2.4 The Company is headquartered in Irving, TX, and has an industry leading list of strategic and capital partners including funds managed by The Blackstone Group Inc., the leading global asset manager. 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 . lowest whole number of directors that is greater than 30% of the members of the Board; if the Blackstone Investors or the BL Investors, as the case may be, hold between 20% and 30% of such outstanding shares, such applicable investors will be The Reporting Persons own with respect to the subject class of securities, and for any subsequent amendment containing information which would alter disclosures provided in a prior cover page.
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