Brief: Vinci Partners And Compass Announce Business Combination

Vinci Compass Investments

07/03/2024 22:16

March 7 (Reuters) - Vinci Partners Investments Ltd
 VINP.O :
    * VINCI PARTNERS AND COMPASS ANNOUNCE BUSINESS COMBINATION,
CREATING THE GATEWAY TO ALTERNATIVE ASSET MANAGEMENT IN LATIN
AMERICA
    * VINCI PARTNERS INVESTMENTS LTD: TRANSACTION IS EXPECTED TO
BE
IMMEDIATELY ACCRETIVE TO FRE PER SHARE
    * VINCI PARTNERS INVESTMENTS LTD - COMBINED PLATFORM WILL
HAVE
MORE THAN US$50 BILLION IN ASSETS UNDER MANAGEMENT
    * VINCI PARTNERS: DEAL WILL HAVE TOTAL UPFRONT CONSIDERATION
OF
11.8 MILLION SHARES OF VINP CLASS A COMMON STOCK, CASH
CONSIDERATION OF US$31.3 MILLION
    * VINCI PARTNERS INVESTMENTS LTD: UNDER AGREEMENT, COMPASS
PARTNERS ARE ENTITLED TO AN EARN-OUT OF UP TO AN ADDITIONAL 7.5%
STAKE IN COMBINED ENTITY
    * VINCI PARTNERS INVESTMENTS-  UPON TRANSACTION CLOSING,
MANUEL
BALBONTÍN, PARTNER, FOUNDER AND CHAIRMAN OF COMPASS WILL JOIN
VINCI'S BOARD OF DIRECTORS
    * VINCI PARTNERS INVESTMENTS LTD - UPON TRANSACTION CLOSING
JAIME
DE LA BARRA, PARTNER, FOUNDER AND VICE CHAIRMAN OF COMPASS, WILL
JOIN VINCI'S BOARD

Source text for Eikon:  ID:nPn9tFX7Ca 
Further company coverage:  VINP.O