Vince Investor Presentation
Transaction Overview
Purchase Price &
Structure
Key Terms
Use of Proceeds
Timing
• VNCE will contribute 100% of its intellectual property to a newly formed "ABG Vince" partnership
VNCE will receive a total consideration of:
- $76.5 million in cash from Authentic
- 25% membership interest in ABG Vince
VNCE will remain a publicly-traded entity and continue its existing operations
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• VNCE will enter into a long-term license agreement with ABG Vince, in which it will retain the rights to the VNCE IP for
its current operations
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- % Royalty rate on wholesale net sales: mid-single digit
- % Royalty rate on direct-to-consumer net sales (retail and e-commerce): low-single digit
VNCE will receive quarterly cash distributions from ABG Vince, equal to 25% of ABG Vince's net cash
VNCE to strengthen balance sheet and overall liquidity position and increase working capital
Plans to repay in full the outstanding balance of $27.7 million under its Term Loan Credit Facility
— Plans to repay a portion of the outstanding borrowings under its Revolving Credit Facility
Transaction expected to close within calendar Q2 2023, subject to customary closing conditionsView entire presentation