Investor Presentaiton
Transaction Summary
☐
☐
DD3
ACQUISITION CORP.
Betterware
DD3
ACQUISITION CORP.
Experienced Teams Combined
+
Over 40 years of combined experience in the financial sector
Extensive network of privileged relationships and proven track
record
More than US$90bn in M&A, private equity and public offerings
Betterware
Management team with over 30 years of experience in the
direct-selling and consumer/retail sector
Leading direct-to-consumer selling company in Mexico, focused
on the home solutions and organization segment
Transaction Overview
DD3 Acquisition Corp (Nasdaq: DDMX) raised ~US$55.7mm through the IPO of a Special Purpose Acquisition Company (SPAC) in October 2018
DD3 has entered into a definitive transaction agreement with Betterware de Mexico ("Betterware" or the "Company"). Key transaction terms
include:
Purchase price represents an enterprise value of approximately US$367mm including net debt and implying a 2019P and 2020P EBITDA
multiples of 8.6x and 7.0x, a considerable discount to direct-to-consumer peers and significantly enriched when adjusted for growth
Existing Betterware shareholders to remain as operating owners with ~80%¹ of the consolidated business after closing the transaction
Betterware is a fast growing, mid-cap company with solid fundamentals and significant upside potential to materialize in public markets
Betterware's management team's expertise in the industry, combined with DDMX's management's broad financial experience, is expected to
yield outstanding results and attractive returns to investors
1. Assuming no redemptions from trust accountView entire presentation