Vince Investor Presentation
Transformative Strategic Partnership to
Position Vince for Long-Term Success
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Vince Holding Corp. ("VNCE") and Authentic Brands Group
("Authentic") to enter into a licensing arrangement whereby VNCE
contributes its intellectual property to a newly formed "ABG Vince"
entity for a total consideration of $76.5 million in cash from Authentic
and a 25% membership interest in ABG Vince.
In connection with the Transaction, VNCE will enter into an exclusive,
long-term license agreement to use the contributed intellectual
property for VNCE's existing business in a manner consistent with the
Company's current wholesale, retail and e-commerce operations. The
License Agreement contains an initial ten-year term and eight ten-
year renewal options allowing VNCE to renew the agreement.
Transaction strengthens and deleverages VNCE's balance sheet
allowing for greater flexibility to accelerate strategic growth
initiatives.
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