FL Entertaiment SPAC
PIPE overview
Issuer
Listing venue at
Business Combination
PIPE size¹
Use of proceeds
Selected anchors
investors
Lock-up at listing²
• FL Entertainment
Euronext Amsterdam
c. €220m PIPE commitments by anchor investors as of announcement of the transaction
• Target to increase PIPE up to €250m
To provide FL Entertainment with an optimal capital structure and financial flexibility to
pursue its organic and inorganic growth strategy
• To ensure a sufficient minimum free float post business combination
Exor
LOV
GROUP Sponsors
36 months
PEGASUS
ENTREPRENEURS
Investment
AXA Managers
1. Excluding €250m investment from LOV Group and €50m from Sponsors already committed
2. Lock-up excluding shares subscribed in the PIPE
vivendi
18 months
MERIT
HOLDING
(Saadé family office)
MONTE CARLO
SOCIÉTÉ DES BAINS DE MER
Fimalac
12 months
Arjo
(Investment vehicle of
Didier le Menestrel)
DE AGOSTINI
6 months
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