EPE Special Opportunities Limited Investment (3513U)
02 Diciembre 2021 - 1:15AM
UK Regulatory
TIDMESO TIDMEO.P TIDMEC.P TIDMEL.P
RNS Number : 3513U
EPE Special Opportunities Limited
02 December 2021
EPE Special Opportunities Limited
Investment
EPE Special Opportunities Limited ("ESO" or the "Company") is
pleased to announce that ESO Alternative Investments LP (an
undertaking of ESO, in which it is the sole investor) ("ESO AI")
has committed to invest a total of EUR10 million into EPIC
Acquisition Corp ("EAC"), a newly incorporated special purpose
acquisition company ("SPAC") and EAC's sponsor, EAC Sponsor Limited
(the "Sponsor").
EAC today announced its intention to raise up to EUR150 million
and its expected admission to listing and trading on Euronext
Amsterdam on or around 6 December 2021 (the "IPO").
EAC intends to leverage the experience of EPIC Investment
Partners LLP ("EPIC"), TT Bond Partners ("TTB") and their
respective affiliates to identify, acquire and develop an
innovative company operating in the consumer sector in the European
Economic Area (the "EEA") or the United Kingdom which has the
potential for significant growth in Asian markets (the "Business
Combination"). EAC is targeting companies with an enterprise value
of between EUR500 million and EUR1 billion.
The Sponsor is jointly led by EPIC, a UK-headquartered
investment, advisory and administration firm which has 20 years'
experience of using publicly-listed vehicles to make private equity
investments, and TTB, a Hong Kong-based investment and advisory
business which has extensive local relationships across Asia and a
strong track record of helping global brands access and develop in
Asian markets. EPIC is the Investment Advisor to ESO.
EAC will be supported by dedicated teams within EPIC and TTB.
The combined platforms of EPIC and TTB span the UK, Hong Kong,
Guernsey, Ireland and India and include c.250 employees, with 30
investment and advisory professionals.
The Sponsor has been formed to provide EAC with institutional
leadership and resources, combining private equity and public
markets investing experience, broad and highly active deal sourcing
networks in Europe and Asia, operational leadership in the consumer
sector and a deep and proven understanding of how global companies
can succeed in Asian markets.
EAC will also benefit from the appointment of three independent
non-executive directors with outstanding operating and financial
track records. Stephan Borchert and Jan Zijderveld are both
experienced public markets chief executive officers (CEOs),
responsible for generating a collective c.$4 billion in shareholder
value in the last three years through the sale of GrandVision (of
which Mr Borchert is CEO) to EssilorLuxottica and the exit of Avon
Products (of which Mr Zijderveld was CEO) to Natura & Co. Prior
to his role at Avon Products, Mr Zijderveld was President and CEO
of Unilever Europe. They are complemented by Nisha Kumar, an
experienced CFO who will be the chair of EAC's Audit Committee. Ms
Kumar has deep expertise in financial leadership, operations and
corporate finance across public and private companies and private
equity.
In combination, the Sponsor's investing, advisory and operating
track record in Europe and Asia is expected to help EAC identify
and successfully complete a Business Combination with a
high-quality company in the EEA or the United Kingdom attracted by
the unusual combination of investment capital and a track record of
Asian market access and growth.
Subsequent to the Business Combination, the Sponsor will
continue to actively support the growth of EAC, both through the
implementation of organic initiatives and strategic acquisitions,
most notably in local Asian markets where such acquisitions offer
the potential to accelerate growth. The longer-term objective of
both EAC and the Sponsor is to build a business at the forefront of
consumer innovation, recognised in both its home markets and in
Asia.
Further information on EAC can be found on the company's
website, www.epicacquisitioncorp.com .
ESO's Investment
ESO is investing in both EAC and the Sponsor, which allows it to
access potentially enhanced returns versus an investment solely in
the IPO, as a result of the Sponsor's ownership of Class B ordinary
shares ("Founder Shares") and warrants ("Founder Warrants") in
EAC.
The Board of ESO believes that the potentially enhanced returns
profile, combined with the opportunity to access larger and more
geographically diverse companies through a liquid investment
structure, means that the investment in EAC is attractive for the
Company's shareholders.
Related Party Transaction
The transaction constitutes a related party transaction under
Rule 13 of the AIM Rules.
The Board of ESO considers, having consulted with Numis as the
Company's nominated adviser, that the terms of the transaction are
fair and reasonable in so far as the Company's shareholders are
concerned.
Inside Information
This announcement is made in accordance with Article 19 of the
EU Market Abuse Regulation 596/2014.
The person responsible for releasing this information on behalf
of the Company is Amanda Robinson of Langham Hall Fund Management
(Jersey) Limited.
Enquiries:
EPIC Investment Partners LLP +44 (0) 207 269 8860
James Henderson
Langham Hall Fund Management (Jersey) +44 (0) 153 488 5200
Limited Amanda Robinson
Cardew Group Limited +44 (0) 207 930 0777
Richard Spiegelberg
Numis Securities Limited +44 (0) 207 260 1000
Nominated Advisor: Stuart Skinner
Corporate Broker: Charles Farquhar
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December 02, 2021 02:15 ET (07:15 GMT)
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