Cyxtera SPAC Presentation Deck
Starboard Value Acquisition Corp. overview
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Starboard Value Acquisition Corp. (SVAC) is a $404mm blank check company sponsored by SVAC
Sponsor LLC, an affiliate of Starboard Value LP
Starboard has ~$6.7bn (¹) of AUM and an 18 Year History of Public Market Investing
Starboard's CEO Jeff Smith is the Chair of SVAC, and Starboard Managing Director MJ
McNulty is the CEO of SVAC; both are directors of SVAC
SVAC has also assembled an experienced team of Industry Advisors who have high-profile, long-term
track records of value creation in both private and public companies, and an independent board of
directors with complementary expertise
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Overview
The SVAC Team offers an optimal blend of experience in evaluating value creation opportunities and
participating in business transformations in the public and private markets
Key Structural elements:
1/3 Warrant (1/6 Warrant in unit, 1/6 tied to not redeeming) and a pro rata share of any
warrants not allocated following redemptions,
Up to $100mm forward purchase agreement backstop to offset redemptions provided by
certain clients of Starboard, and
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$75mm optional share purchase agreement to purchase stock of the combined company at
$10 for 6 months post-closing
Starboard has built a strong reputation and following in
the public markets, attracting significant fundamental
investor interest in the companies in which it invests
Value proposition
Network effects from a credible institutional sponsor with a strong reputation, a deep bench of proven
business leaders, and a unique, proven investment process
Exceptional TEAM of executives with a successful track record of operating public and
private businesses across sectors
Full backing of STARBOARD, including its resources and capital, providing public market
expertise
Differentiated STRATEGY focused on business transformation and partnership to drive
long-term value creation
Starboard
Team
SVAC
(1) Assets under management calculated as of 02/01/21; include the net asset value of existing investments, binding capital commitments, and non-binding capital commitments that are subject to opt-out
Cyxtera
Strategy
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SVACView entire presentation