SPAC Presentation
Procaps' Transaction Process
Transaction Summary / Process Overview
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PROCAPS
Procaps is a leading pharmaceutical and healthcare company based in Latin America with global reach and well
positioned to drive regional consolidation
Union Acquisition Corp. II ("UAC II" - NASDAQ: LATN) is a US-listed-SPAC that brings deep experience in
Consumer and Packaged Goods operating and investing throughout the Americas
GROUP
Procaps and UAC II have signed a definitive business combination agreement along with a fully-committed PIPE
financing agreement
The transaction values Procaps at US$1.1 bn on a post-merger basis, representing an attractive 10.75x multiple
on expected 2021 EBITDA of US$105 mm
Use of proceeds are three-fold: i) fund organic growth, ii) consummate accretive acquisitions, and iii) fund
redemption of certain shares held by the IFC
A group of leading investors has committed to participate in a common stock PIPE of US$100 mm at $10.00 per
share that will close simultaneously with the business combination
In a recently challenging SPAC PIPE market, we were able to complete this process one-week ahead of
schedule and over-subscribed, which we believe validates Procaps Group's and its unique growth prospects
Currently focused on raising additional institutional investor demand
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