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Company Links |
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Major Stock Holders
(Prior To
Offering) |
Name |
Class A |
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Berggruen Holdings North America Ltd. |
49.40% |
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Marlin Equities |
49.40% |
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Martin E. Franklin |
49.40% |
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Nicolas Berggruen |
49.40% |
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Major Stock Holders
(After Offering) |
Name |
Common Stock |
Class A |
Class B |
Class C |
Class L |
ADS |
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Berggruen Holdings North America Ltd. |
0% |
9.90% |
0% |
0% |
0% |
0% |
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Marlin Equities |
0% |
9.90% |
0% |
0% |
0% |
0% |
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Martin E. Franklin |
0% |
9.90% |
0% |
0% |
0% |
0% |
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Nicolas Berggruen |
0% |
9.90% |
0% |
0% |
0% |
0% |
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Company Strategy |
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A Delaware blank check company formed on June 8, 2006 to complete a business combination with one or more operating businesses. |
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Product/Services Portfolio |
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The Company is not presently engaged in, and it will not engage in, any operations for an indefinite period of time following the offering. The Company intends to utilize the cash proceeds of the offering, its capital stock, debt or a combination of these as the consideration to be paid in a business combination. While substantially all of the net proceeds of this offering are allocated to completing a business combination, the proceeds are not otherwise designated for more specific purposes.
The Company may engage in a business combination with a company that does not require significant additional capital but is seeking a public trading market for its shares, and which wants to merge with an already public company to avoid the uncertainties associated with undertaking its own public offering. These uncertainties include time delays, compliance and governance issues, significant expense, a possible loss of voting control, and the risk that market conditions will not be favorable for an initial public offering at the time this offering is ready to be sold. The Company may seek to effect a business combination with more than one target business, although its limited resources may serve as a practical limitation on its ability to do so.
The Company does not have any specific business combination under consideration and it has not contacted any potential target business or had any substantive discussions, formal or otherwise, with respect to such a transaction.
Subject to the requirement that a target business or businesses have a fair market value of at least 80% of the balance in the trust account (excluding deferred underwriting discounts and commissions of $6.0 million or $6.6 million if the over-allotment option is exercised in full) at the time of its initial business combination, the Company has virtually unrestricted flexibility in identifying and selecting one or more prospective target businesses.
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Investment Analysis |
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The Company has neither engaged in any operations nor generated any revenues to date.
The Company expects its primary liquidity requirements to include approximately $2.1 million for expenses for the due diligence and investigation of a target business or businesses; approximately $2.0 million for legal, accounting and other expenses associated with structuring, negotiating and documenting an initial business combination.
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Income Data (Thousand $ Except EPS) |
| Year |
Revenues |
Costs |
Oper Income |
Taxes |
Net Income |
EPS |
| 2006
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0.00 |
0.00 |
0.00 |
0.00 |
2,281 |
0.00 |
| *For the period from June 8, 2006 to October 31, 2006
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Balance Sheet Data
(Thousand $) |
Year |
Cash |
Acct Recv. |
Inventory |
Total Cur Assets |
Total Cur Liability |
PPE |
Total Assets |
LT Debt |
SH Equity |
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2006 |
78,721 |
0.00 |
0.00 |
0.00 |
265,250 |
0.00 |
292,531 |
27,281 |
0.00 |
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*As of period ended October 31, 2006
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| Cash
Flow Summary
(Thousand $) |
Year |
Net Cash-Ops |
Net Cash-Inv |
Net Cash-Fin |
Net Change |
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2006 |
2,531 |
0.00 |
76,190 |
78,721 |
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*For the period from June 8, 2006 to October 31, 2006
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- Value Gap 
- Short-Term Growth
- Long-Term Growth 
- Long-Term Value 