Initiatives include the Finance of America Foundation in partnership with former Congressman Barney Frank providing support, education and relief to distressed borrowers, and Finance of America Cares, a nonprofit organization created in partnership with employees to serve local community needs. Replay Acquisition will file an investor presentation relating to the proposed transaction with the U.S. Securities and Exchange Commission (the SEC) as an exhibit to a Current Report on Form 8-K prior to the call, which will be available on the SECs website at www.sec.gov. In addition, in his capacity as Chairman of the Board of Directors and as a member of the Issuers compensation committee, LFH is to make investments, including in securities of the Issuer. directors that is greater than 40% of the members of the Board; if the Blackstone Investors or the BL Investors, as the case may be, hold between 30% and 40% of such outstanding shares, such applicable investors will be entitled to designate the Brian Libman, Founder and Chairman of Finance of America, Patricia Cook, Chief Executive Officer, and Graham Fleming, President, will continue to lead the company Implied equity value of the. Palm Beach homes: Everglades Island house near golf course fetches $10M In the deal on. Mr. Pratcher previously served as a member of the board of directors of Organix Recycling, Inc. from 2018 to 2020 and on the boards of directors of Citizens Parking and GripInvest from 2017 to 2019. Ms. Corio previously worked for JPMorgan Chase from October 1982 to March 2013 where she held various positions, including Treasurer and, separately, Head of Restructuring within the Investment Banking division, where she led corporate financings from June 1995 to August 2008. securities purchased pursuant to PIPE Agreements executed concurrently with the execution of the Transaction Agreement or on the open market. Finance of America is set to merge with the special-purpose acquisition company, or [] average price of the ClassA Common Stock exceeds certain thresholds. Finance of America is a unique, highly differentiated platform offering a broad suite of products across a multi-channel distribution network. trading day period. The Lickles have moved to a condominium in downtown West Palm Beach, Bill Lickle, a retired banker, told the Daily News in a February article. Simpson Thacher & Bartlett LLP is acting as legal advisor to Finance of America. immediately prior to the effectiveness of the merger of Blocker Merger Sub with and into Blocker, including Blackstone Tactical Opportunities Associates NQ L.L.C. Item 6 of the Schedule 13D is hereby amended and supplemented as follows: Stock Purchase Agreement. Unitholders., As a result of the Business Combination and the transactions contemplated by the Transaction Agreement, (i)LFH received The sellers made a variety of changes to the property over the years, expanding the house with a second-story addition and extending the living room onto a lakeside terrace. William and Renee Lickle had owned the red-brick house for 40 years, having paid $500,000 for the property in March 1980. below) pursuant to Section12.18 of the Transaction Agreement (the Continuing Unitholder Representative), Replay agreed to combine with FoA in a series of transactions (collectively, the Business 73,033,375 limited liability company units of FoA (FoA Units), 1,380,247 shares of ClassA Common Stock and 8,564,208 Earnout Securities of the Issuer (Earnout Rights) and (ii)TMO received 1,941,876 A Delaware limited liability company linked to Sharon and Brian Libman of New Caanan, Connecticut, paid a recorded $12.4 million for a seaside house at 101 Nightingale Trail. Investor Conference Call/Webcast Information. Brian Lin - Blackstone In partnership with former Lehman Brothers Managing Director Brian Libman, Blackstone is trying to carry out a "roll-up" strategy. $5.20, inclusive); (ii) on August17, 2021, Mr.Libman and an entity for which Mr.Libman serves as a trustee purchased 15,896 and 45,241 shares, respectively, at a weighted average price of $5.24 per share (these shares were Exchange Agreement (incorporated by reference to Exhibit 10.5 to the Issuers Current Report on Form 8-K filed on April7, 2021). (d) To the best knowledge of the Reporting Persons, no one other than the Brian L LibmanChairman, Replay Acquisition Corp. Brian L Libman. Additional information concerning certain of these and other risk factors is contained in Replay Acquisitions most recent filings with the SEC and will be contained in the Form S-4, including the proxy statement/prospectus expected to be filed in connection with the proposed business combination. Updated Oct. 13, 2020 8:07 am ET Consumer-lending platform and Blackstone Group portfolio company Finance of America Equity Capital LLC is set to go public with a valuation of $1.9 billion through a blank-check merger, this year's hottest way to list shares. His coverage areas included monetary policy, the European economy and the ECB's response to . funds affiliated with Blackstone (the Blackstone Tax Receivable Agreement) and a Tax Receivable Agreement with certain other members of FoA, including LFH and TMO (the FoA Tax Receivable Agreement, and collectively with the the sixth anniversary of the Closing Date; and (ii) 9,000,000 Earnout Securities, in the aggregate, in the event that the average trading price of the ClassA Common Stock is $15.00 or greater for any 20 trading days within a period of 30 lowest whole number of directors that is greater than 30% of the members of the Board; if the Blackstone Investors or the BL Investors, as the case may be, hold between 20% and 30% of such outstanding shares, such applicable investors will be We provide the first and only end-to-end vertically integrated platform in the lending business. Blackstone has discussed buying a stake in Ken Griffin's Citadel, whose hedge fund could be worth between $5 billion and $7 billion. Resides in Ocean Shores, WA. Before joining Blackstone, Mr. Lin worked at Bank of America Merrill Lynch in the commercial real estate lending business. Any demandednon-shelfregistered offering may, at the Issuers option, include Issuer shares to be sold by the Issuer for its own account and will also include registrable purchased 7,611 and 21,660 shares, respectively, at a weighted average price of $5.07 per share (these shares were purchased in multiple transactions ranging from $5.025 to $5.10, inclusive). consequences to the Issuer of the obligation to settle such awards Accordingly, in connection with the settlement of each vested Replacement RSU award and any related Earnout Right RSUs for which the earnout condition is achieved, the Continuing Audit. Lived In Aberdeen WA, Lacey WA, Seattle WA, Huntsville AL . Also, subject to applicable approvals from the compensation committee of the board of directors of the Board, Mr.Libman Blackstone Announces Appointment of Brian X. Tierney as Global Head of Infrastructure Portfolio Operations and Asset Management; Steve Bolze to Retire and to Become Executive Advisor July 26, 2021 . Blackstone Tactical Opportunities, a subsidiary of Blackstone Group, will own 70% of the combined company, which is valued at $1.9 billion. and the Continuing Unitholders, FoA Units. previously filed a statement on Schedule 13G to report the acquisition that is the subject of this Schedule 13D, and is filing this schedule because of 240.13d-1(e), When available, the definitive proxy statement/prospectus will be mailed to shareholders of Replay Acquisition as of a record date to be established for voting on the proposed business combination. In addition, in connection with the Business Combination, the Issuer issued to each of the Continuing Unitholders, including LFH and Stockholders in connection with certain future pledges, hypothecations, grants of security interest in or transfers (including to third party investors) of any or all of the FoA Units held by the Principal Stockholders, including to banks or Finance of America is an end-to-end consumer lending and services platform which seamlessly connects borrowers with investors. Engage via Email. Built in 1956, the house has six-bedrooms and 7,522 square feet of living space, inside and out. Personal details about Brian include: political affiliation is unknown; ethnicity is Middle Eastern . He is the architect of the Company's unique business model . Holders of shares of ClassB Common Stock will vote together with holders of ClassA Common Stock as a single class on all matters on which stockholders are entitled to vote generally, except as otherwise required by law. Why Finance of America was not initially looking to go public via SPAC Board Committees :: Finance of America Companies Inc. (FOA) The Lickles have ties to Wilmington, Delaware, and the Colonial-style house on Everglades Island reminded Bill Lickle of some houses there, he told the Daily News. "We are in a building with 27 stories, and I can look all the way across Palm Beach to the Atlantic. Mr. West earned his M.S. (Blocker GP), BTO Urban Holdings L.L.C., Blackstone Family Tactical Opportunities Investment Partnership NQ ESC L.P., a Delaware limited partnership, LFH, TMO, L and TF, LLC, a North Carolina limited liability 767 Fifth Ave., 46th Floor . The principal business of Brian Carroll may also have lived outside of Ocean Shores, such as Puyallup, Montesano and 2 other cities in Washington. (f) See Item 2(a)-(b) above for citizenship or place of organization, as applicable, of each of the Reporting Share. (c) Pursuant to the limited liability company agreements of LFH and TMO, each of LFH and TMO is managed by a board of managers consisting of Brian Until the Brian Lewis Libman, 57 - New Canaan, CT - MyLife Cash proceeds for the new company will include the PIPE capital and $288 million of cash in trust from Replay Acquisition. the same service-based vesting conditions as the Replacement RSUs to which they relate, as discussed above. Mr. West has served as a board member or chair of public and private companies globally including BankUnited (NYSE: BKU), Aktua Soluciones Financieras, Intrepid Aviation Holdings LLC, Green Tree Holdings, Resort Finance America LLC, Triad Financial SM LLC, Williams & Glyns Bank Limited (pre-IPO Transition Board), APCOA Parking Holdings GmbH, & Duo Bank (Walmart Bank) Canada. Pro forma for the transaction, assuming no redemptions by Replay Acquisitions public shareholders, Management, entities managed by Finance of Americas founder and funds managed by Blackstone Tactical Opportunities will own approximately 70% of the combined company. Brian Edward Carroll, 56. At Blackstone, Brand is senior managing director and serves as co-head of U.S. acquisitions for the companys private equity group, according to the companys website. FoA entered into a Stockholders Agreement (the Stockholders Agreement). a grant date fair value of $10.00 per share. actions described in subparagraphs (a)through (j)of Item 4 of Schedule 13D. Blackstone mortgage venture set to become largest nonbank lender? It recently touted the strength of the housing market and helped make the REO-to-rental market a bona. shares to be sold by holders that exercise their related piggyback rights in accordance with the Registration Rights Agreement. In a statement, Brian Libman, chairman and founder of Finance of America, said the goal is to further expand the firm's capabilities "to serve the full range of borrower needs" and "achieve investor goals while continuing to produce sustainable earnings growth.". We have also driven product innovation across sectors complemented by successful acquisitions to broaden product capabilities, distribution reach, and customer sets resulting in growing,. FoA) as follows: (i) 9,000,000 Earnout Securities, in the aggregate, in the event that the average trading price of the ClassA Common Stock is $12.50 or greater for any 20 trading days within a period of 30 consecutive trading days prior to United Wholesale Mortgage has decided to merge with Gores Holdings IV, a $425 million special-purpose acquisition company, at a valuation of $16.1 billion the biggest business combination for a SPAC company to date. Units and 227,712 Earnout Rights. Over half of the sponsors founder shares of Replay Acquisition will be deferred and subject to share price hurdles. vest in equal installments on each of the first three anniversaries of the Closing Date, subject to each holders continued employment. of 85% of the cash tax benefits, if any, that the Issuer is deemed to realize (calculated using certain simplifying assumptions) as a result of (i)tax basis adjustments as a result of sales and exchanges of units in connection with or Report on Form 8-K filed on April7, 2021). He is the architect of the Companys unique business model, and it is his vision that guides the Company. We have built an integrated lending platform which seamlessly connects borrowers with investors. Best Match Powered by Whitepages Premium AGE 50s Brian Mitchell Libman Delray Beach, FL (Kings Point) Aliases Brian M Lebman View Full Report Addresses Morgan Stanley & Co. LLC and Goldman Sachs & Co. LLC served as lead placement agents and Credit Suisse Securities (USA) LLC served as placement agent for the PIPE. Dr. Brian Lipman, MD is a Infectious Disease Specialist in Henderson, NV and has over 39 years of experience in the medical field. the sole manager. Finance of America CEO to retire, search for successor begins demand of a Principal Stockholder, the Issuer will be required to facilitate in the manner described in the Registration Rights Agreement a takedown off of an effective shelf registration statement of registrable shares requested by such Our management has consistently sought to focus on the best outcomes for our business and investments over a period of years rather than . Lived In Montesano WA, Spanaway WA, Renton WA, Puyallup . The transaction implies an equity valuation at closing for the combined company of $1.9 billion. www.replayacquisition.com, Blackstone is one of the worlds leading investment firms. Brian L Libman is Chairman at Replay Acquisition Corp. See Brian L Libman's compensation, career history, education, & memberships. The Grant Date RSUs will be settled on or promptly following the 181st date following the Closing Date. Email. He is the architect of the Company's unique business model, and it is his vision that guides the Company. Beyond product offerings, the Company offers ancillary services to its partners and to enhance the customer experience, resulting in incremental fee income. Pursuant to the Transaction Form 8-K filed on April7, 2021). Business Combination, concurrently with the Closing, the Issuer and the Principal Stockholders entered into a Registration Rights Agreement (the Registration Rights Agreement). Brian Libman We found 19 records for Brian Libman in FL, CT and 7 other states. for any 20 trading days within any 30 trading day period, and one-half will be issued if the volume-weighted average price of the ClassA Common Stock exceeds $15.00 for any 20 trading days within any 30 Blackstone's 'New' Mortgage Company Can't Take Apps Over the Web Until Brad Finkelstein Originations Editor, National Mortgage News Reprint The Reporting Persons undertake to provide to the Issuer, misdemeanors). Replay Acquisition, Finance of America, New Pubco and their respective directors, executive officers and other members of their management and employees, under SEC rules, may be deemed to be participants in the solicitation of proxies of Replay Acquisitions shareholders in connection with the proposed business combination. Brian K Flowers, 48. Mr. Libman has spent his entire career in the specialty finance area and has been involved in structuring and consummating the acquisitions of more than twenty businesses. He began his career at Lehman Brothers and spent more than a decade developing the loan acquisition, servicing and lending businesses there, including the creation of Aurora Loan Services, one of the nations leading alternative mortgage originators and servicers. than 40% of the outstanding shares of ClassA Common Stock, assuming a full exchange of all FoA Units for the publicly traded ClassA Common Stock, such applicable investors will be entitled to designate the lowest whole number of [Finance of America Companies Inc. Schedule 13D]. Brian Flowers in Ocean Shores, Washington | Phone Number, Email Finance of America and Replay Acquisition will host a joint investor conference call and webcast to discuss the proposed transaction today, October 13, 2020 at 8:00 am ET. The principal executive offices of the Issuer are located at 909 Lake Carolyn Parkway, Suite and Libman Family Holdings LLC, solely in their joint capacity as the representative of the Continuing Unitholders (defined In connection with the proposed business combination, a registration statement on Form S-4 (the Form S-4) is expected to be filed by a newly-formed holding company (New Pubco) with the SEC that will include a proxy statement of Replay Acquisition that will also constitute a prospectus of New Pubco. Contact Number Words such as expect, estimate, project, budget, forecast, anticipate, intend, plan, may, will, could, should, believes, predicts, potential, continue, and similar expressions (or the negative versions of such words or expressions) are intended to identify such forward-looking statements.
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