Experienced financial leader brings strong
background in capital markets and strategic planning
One Madison Corporation (NYSE:OMAD, OMAD.U, OMAD.WS) (“One
Madison”) and Ranpak Corp. (“Ranpak”) today announced the
appointment of Trent Meyerhoefer as Senior Vice President and Chief
Financial Officer (“CFO”), effective as of, and contingent on, the
consummation of the business combination between One Madison and
Ranpak (collectively, the “Company”), which is expected to occur in
the second quarter of 2019. Mr. Meyerhoefer will oversee all
financial aspects of the Company, including financial planning and
analysis, accounting and financial reporting, tax, internal audit,
investor relations and treasury and risk management. Mr.
Meyerhoefer will report to Mark Borseth, Ranpak’s Chief Executive
Officer.
Mr. Meyerhoefer comes to the Company following a 24-year career
at Eaton Corporation (“Eaton”), where he served most recently as
Senior Vice President and Treasurer. During his time at Eaton, Mr.
Meyerhoefer also served as Vice President and Assistant Treasurer;
Director, Capital Markets; Director, Corporate Planning; Director,
Business Development; and Manager, Strategic Planning. Prior to
joining Eaton, he was a Senior Consultant at Accenture Ltd. (then
doing business as Andersen Consulting). Mr. Meyerhoefer received an
MBA from Tuck School of Business at Dartmouth College and a BA in
Economics & Management from Albion College.
“Trent has tremendous experience in the financial operations of
a public company. His background combines capital markets and
financial expertise with a deep understanding of corporate planning
and business development to make him the perfect fit for One
Madison and Ranpak. I look forward to working with Trent and the
entire Ranpak team as we embark on this new chapter in Ranpak’s
long and successful history,” said Omar Asali, the current Chairman
and Chief Executive Officer of One Madison who will become the
Executive Chairman of the Board of Directors of the Company
following the business combination.
Mr. Borseth added, “We are delighted to have Trent join our
team. He is a strategic and innovative leader with extensive
financial experience. We couldn’t be more excited to have Trent’s
help as we bring Ranpak to the next level following our business
combination with One Madison by building on our existing product
portfolio, creating new paper packaging solutions for our end
users, and expanding our business into new geographies.”
“I am honored to join Ranpak and look forward to working with
Omar, Mark and the entire Ranpak team to further enhance the
Company’s financial and operational performance, expand the
Company’s businesses, and help spread the word on the importance of
sustainable packaging solutions for increasing business and
consumer applications,” Mr. Meyerhoefer said.
About One Madison Corporation
One Madison is a special purpose acquisition company launched in
2018 for the purpose of effecting a merger, share exchange, asset
acquisition, share purchase, reorganization or similar business
combination with one or more businesses. One Madison began trading
on NYSE in January 2018 and its Class A ordinary shares, units and
warrants trade under the ticker symbols OMAD, OMAD.U, and OMAD.WS,
respectively. One Madison is sponsored by One Madison Group LLC, an
investment firm founded by Omar Asali, formerly President and Chief
Executive Officer of HRG Group. One Madison’s investors and
strategic partners include JS Capital and Soros Capital (the family
offices of Jonathan Soros and Robert Soros, respectively), as well
as entities managed by Blackstone Alternative Solutions L.L.C. On
December 12, 2018, One Madison entered into a definitive agreement
with affiliates of Rhône Capital, pursuant to which One Madison
will combine with Ranpak.
About Ranpak Corp.
Founded in 1972, Ranpak's goal was to create the first
environmentally responsible system to effectively protect products
during shipment. The development and improvement of materials,
systems and total solution concepts have earned Ranpak a reputation
as an innovative leader in e-commerce and industrial supply chain
solutions. Ranpak is headquartered in Concord Township, Ohio and
has approximately 550 employees.
Additional Information
In connection with the proposed acquisition, One Madison filed a
registration statement on Form S-4 (File No. 333-230030) (the
“Registration Statement”) with the Securities and Exchange
Commission (the “SEC”), which includes a preliminary proxy
statement/prospectus, that is both the proxy statement to be
distributed to holders of the Company’s ordinary shares in
connection with the Company’s solicitation of proxies for the vote
by the Company’s shareholders with respect to the business
combination and other matters as described in the Registration
Statement, as well as the prospectus relating to the offer of the
securities to be issued to the Company’s equityholders in
connection with the Company’s proposed domestication as a Delaware
corporation in connection with the completion of the business
combination. The Registration Statement has not yet been declared
effective. After the Registration Statement is declared effective,
the Company will mail a definitive proxy statement/prospectus and
other relevant documents to its shareholders. STOCKHOLDERS ARE
ADVISED TO READ THE PROXY STATEMENT/PROSPECTUS WHEN IT BECOMES
AVAILABLE BECAUSE IT WILL CONTAIN IMPORTANT INFORMATION.
Stockholders may obtain a free copy of the proxy
statement/prospectus (when available) and any other relevant
documents filed with the SEC from the SEC’s website at
http://www.sec.gov. In addition, stockholders will be able to
obtain, without charge, a copy of the proxy statement/prospectus
and other relevant documents (when available) at One Madison’s
website at
http://www.onemadisoncorp.com/corporate-governance--investor-relations.html
or by contacting One Madison’s investor relations department via
e-mail at info@onemadisongroup.com.
Participants in the Solicitation
One Madison and its directors, executive officers and other
members of its management and employees may be deemed to be
participants in the solicitation of proxies from One Madison’s
stockholders with respect to the proposed acquisition. Information
about One Madison’s directors and executive officers and their
ownership of One Madison’s common stock is set forth in One
Madison’s filings with the SEC, including (i) the Annual Report on
Form 10-K for the fiscal year ended December 31, 2018, which was
filed on February 28, 2019 and (ii) the Registration Statement on
Form S-4 initially filed on March 1, 2019, as amended on April 8,
2019. Stockholders may obtain additional information regarding the
direct and indirect interests of the participants in the
solicitation of proxies in connection with the proposed
acquisition, including the interests of One Madison’s directors and
executive officers in the proposed acquisition, which may be
different than those of One Madison’s stockholders generally, by
reading the proxy statement/prospectus and other relevant documents
regarding the proposed acquisition, which will be filed with the
SEC.
Forward-Looking Statements
The information in this press release may contain
“forward-looking statements” within the meaning of Section 27A of
the Securities Act of 1933, as amended (the “Securities Act”), and
Section 21E of the Securities Exchange Act of 1934, as amended (the
“Exchange Act”). Our forward-looking statements include, but are
not limited to, statements regarding our or our management team’s
expectations, hopes, beliefs, intentions or strategies regarding
the future. Statements that are not historical facts, including
statements about the pending transaction among One Madison
Corporation (the “Company”), Rack Holdings L.P. and Rack Holdings
Inc. (“Ranpak”) and the transactions contemplated thereby, and the
parties, perspectives and expectations, are forward-looking
statements. In addition, any statements that refer to estimates,
projections, forecasts or other characterizations of future events
or circumstances, including any underlying assumptions, are
forward-looking statements. The words “anticipate,” “believe,”
“continue,” “could,” “estimate,” “expect,” “forecast,” “intend,”
“may,” “might,” “plan,” “possible,” “potential,” “predict,”
“project,” “should,” “would” and similar expressions may identify
forward-looking statements, but the absence of these words does not
mean that a statement is not forward-looking. Forward-looking
statements in this press release may include, for example,
statements about: our ability to complete our initial business
combination; our expectations around the performance of the
prospective target business or business; our success in retaining
or recruiting, or changes required in, our officers, key employees
or directors following our initial business combination; our
officers and directors allocating their time to other businesses
and potentially having conflicts of interest with our business or
in approving our initial business combination; the proceeds of the
forward purchase shares being available to us; our potential
ability to obtain additional financing to complete our initial
business combination; our public securities’ potential liquidity
and trading; the lack of a market for our securities; the use of
proceeds not held in the trust account or available to us from
interest income on the trust account balance; the trust account not
being subject to claims of third parties; or our financial
performance following this offering.
The forward-looking statements contained in this press release
are based on our current expectations and beliefs concerning future
developments and their potential effects on us taking into account
information currently available to us. There can be no assurance
that future developments affecting us will be those that we have
anticipated. These forward-looking statements involve a number of
risks, uncertainties (some of which are beyond our control) or
other assumptions that may cause actual results or performance to
be materially different from those expressed or implied by these
forward-looking statements. These risks include, but are not
limited to: (1) the occurrence of any event, change or other
circumstances that could result in the failure to consummate the
initial business combination; (2) the possibility that the terms
and conditions set forth in any definitive agreements with respect
to the initial business combination may differ materially from the
terms and conditions set forth herein; (3) the outcome of any legal
proceedings that may be instituted against the Company, Ranpak or
others following the announcement of the initial business
combination and any definitive agreements with respect thereto; (4)
the inability to complete the initial business combination due to
the failure to obtain approval of the stockholders of the Company,
to obtain financing to complete the initial business combination or
to satisfy other conditions to closing in the definitive agreements
with respect to the initial business combination; (5) changes to
the proposed structure of the initial business combination that may
be required or appropriate as a result of applicable laws or
regulations or as a condition to obtaining regulatory approval of
the initial business combination; (6) the ability to meet and
maintain NYSE’s listing standards following the consummation of the
initial business combination; (7) the risk that the initial
business combination disrupts current plans and operations of
Ranpak as a result of the announcement and consummation of the
initial business combination; (8) costs related to the initial
business combination; (9) changes in applicable laws or
regulations; (10) the possibility that Ranpak or the Company may be
adversely affected by other economic, business, and/or competitive
factors; and (11) other risks and uncertainties indicated from time
to time in filings made with the SEC. Should one or more of these
risks or uncertainties materialize, they could cause our actual
results to differ materially from the forward-looking statements.
We are not undertaking any obligation to update or revise any
forward looking statements whether as a result of new information,
future events or otherwise. You should not take any statement
regarding past trends or activities as a representation that the
trends or activities will continue in the future. Accordingly, you
should not put undue reliance on these statements.
View source
version on businesswire.com: https://www.businesswire.com/news/home/20190415005194/en/
Media:Sard Verbinnen & Co.Jamie Tully/David
Millar212-687-8080
One Madison Corp. Class A Ordinary Shares (NYSE:OMAD)
Gráfica de Acción Histórica
De May 2024 a Jun 2024
One Madison Corp. Class A Ordinary Shares (NYSE:OMAD)
Gráfica de Acción Histórica
De Jun 2023 a Jun 2024