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Committed Capital
is led by BCM principals and is the primary vehicle through which an investment of approximately $40 - $70 million
will be made in a private company as part of the target's "going public" transaction.
BCM acted as sole lead manager of CCAC's IPO in October 2011.
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KEY FEATURES & ADVANTAGES |
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- Committed Capital is a publicly traded vehicle with:
- $38.75 to $67.5 million in cash
- Minimum of $10 million co-investment from initial shareholders
- Clean capital structure
- Warrants will be excercised or forfeited within 45 days of the effectiveness of a post-transaction registration statement
- CCAC has the ability to close a business combination:
- without shareholder vote
- without shareholder redemption
- without warrant overhang
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TARGET TRANSACTION FOCUS |
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- World-class management who have previously built successful public companies
- $100 million to $300 million private business
- All stock merger; target utilizes vehicle as their 'going public' solution
- Opportunity to become a multi-billion dollar enterprise
- Target will retain control of the business post-transaction
- Target should have organic growth and acquisition opportunities
- Industry agnostic
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MANAGEMENT & SHAREHOLDERS |
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- Michael Rapp, chairman and CEO, and Philip Wagenheim, secretary and director,
are also co-founders of boutique investment banking firm Broadband Capital Management LLC
- Initial shareholder group includes world-class entrepreneurs with a proven record of success
- Management team and initial shareholders will invest $10 million at the close of the business combination
- Diverse public investor base includes high quality mutual funds, institutions and high net worth investors
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Link to Committed Capital's SEC filings
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