Despegar Mergers and Acquisitions Presentation Deck
DESPEGAR
New deal conditions allow Despegar to preserve liquidity
No cash disbursement at closing
Enterprise Value ¹
& Ownership
Acquired
Payment Terms
Board and Key
Executives
Expected Closing
Original Purchase & Sale
Agreement
$136 M
100% ownership
1st Payment -65% @ Closing
2nd Payment - 6.3% @ 24 months after Closing
3rd Payment - 28.7% @ 36 months after Closing
Continuity of the CEO and Key Executives
Current Board President will continue as Member of
the Board of Best Day
Closing expected during 1H20, subject to
customary closing conditions, including approval
of relevant antitrust authorities
Revised Terms Purchase &
Sale Agreement
Base consideration $56.5 M
Additional earnout from $0 to $20 M
100% ownership
Zero disbursement at closing
100% of Purchase Price to be paid @ 36 months
Earnout (if any) to be paid @ 48 months
No changes
Closing expected in 3020, subject to customary
closing conditions, including approval of relevant
antitrust authorities
1: The Purchase price will be adjusted for net indebtedness and working capital, as of the closing date, which will be set in U.S. dollars and payable 36 months following the closing date.
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