Tactical Opportunities (Tac Opps) is Blackstones opportunistic investment platform. herein as beneficially owned by the Reporting Persons. Until the Units (based on whether such person held ClassA Common Stock or FOA Units, respectively, after the closing of the Transaction Agreement) if, from the closing of the Business Combination until the sixth anniversary thereof, the volume-weighted Credit & Insurance. Agent Elizabeth DeWoody of Compass Florida handled the buyers end of the sale. Updated Oct. 13, 2020 8:07 am ET Consumer-lending platform and Blackstone Group portfolio company Finance of America Equity Capital LLC is set to go public with a valuation of $1.9 billion through a blank-check merger, this year's hottest way to list shares. Brian L. Libman oversees our Companys business strategy and has served as the Chairman of our board of directors since the closing of the Business Combination. Built in 1956, the house has six-bedrooms and 7,522 square feet of living space, inside and out. . Amount in Row (11), Type of Reporting Person (See interests in partnership capital or profits. Before joining Blackstone in 2019, Mr. Kaufman was the Managing Partner of The Kaufman Companies, a privately held hospitality asset management, development and investment group in the U.S. and Europe. Brian L Libman is Chairman at Replay Acquisition Corp. See Brian L Libman's compensation, career history, education, & memberships. To listen to the prepared remarks, please visit here or dial 1-844-385-9713. Collectively, the Reporting Persons and Blackstone and its affiliates may be deemed to beneficially own in the aggregate 152,749,861 shares of ClassA Common Stock, Investors and security holders may obtain more detailed information regarding the names, affiliations and interests of Replay Acquisitions directors and executive officers in Replay Acquisitions Annual Report on Form 10-K for the fiscal year ended December 31, 2019, which was filed with the SEC on March 25, 2020. LIBMAN BRIAN L SC 13D/A Filing Concerning FOA on 2022-12-06 Fitch Downgrades Finance of America to 'B-', Outlook Negative William and Renee Lickle had owned the red-brick house for 40 years, having paid $500,000 for the property in March 1980. Brian Libman's Instagram, Twitter & Facebook on IDCrawl A telephone replay will be available at 1-844-385-9713, replay pin number: 52917. These forward-looking statements involve significant risks and uncertainties that could cause the actual results to differ materially, and potentially adversely, from those expressed or implied in the forward-looking statements. the sole manager. Mr. Pratcher holds a J.D. Product offerings include mortgages, reverse mortgages, and loans to residential real estate investors distributed across retail, third party network, and digital channels. (f) See Item 2(a)-(b) above for citizenship or place of organization, as applicable, of each of the Reporting and Libman Family Holdings LLC, solely in their joint capacity as the representative of the Continuing Unitholders (defined brian libman blackstone. Letter Agreement, dated April 5, 2021, by and among Continuing Unitholder Representative and Replay Compensation. Investor Conference Call/Webcast Information. The information required on the remainder of this cover page shall not be deemed to be filed for the purpose of Section18 of the Securities Mr. West has served as a board member or chair of public and private companies globally including BankUnited (NYSE: BKU), Aktua Soluciones Financieras, Intrepid Aviation Holdings LLC, Green Tree Holdings, Resort Finance America LLC, Triad Financial SM LLC, Williams & Glyns Bank Limited (pre-IPO Transition Board), APCOA Parking Holdings GmbH, & Duo Bank (Walmart Bank) Canada. Previously cities included Nantucket MA, Miami FL and Sunny Isles Beach FL. number and percentage of the ClassA Common Stock beneficially owned by each Reporting Person and, for each Reporting Person, the number of shares as to which there is sole power to vote or to direct the vote, shared power to vote or to direct The following shares of the Issuers ClassA Common Stock were purchased following the Business Combination: (i)on August16, 2021, Last month, another mortgage lender announced plans to go public. directors that is greater than 40% of the members of the Board; if the Blackstone Investors or the BL Investors, as the case may be, hold between 30% and 40% of such outstanding shares, such applicable investors will be entitled to designate the Furthermore, the Companys capital markets and portfolio management capabilities inform product innovation, optimize execution, and allow for selective retention of assets while delivering superior risk-adjusted returns to investors. of 85% of the cash tax benefits, if any, that the Issuer is deemed to realize (calculated using certain simplifying assumptions) as a result of (i)tax basis adjustments as a result of sales and exchanges of units in connection with or In addition, in connection with the Business Combination, the Issuer issued to each of the Continuing Unitholders, including LFH and Contracts, Arrangements, Understandings or Relationships with Respect to Securities of the Issuer, In connection with the Business 15 could change the way Californian businesses are taxed, Mortgage rates rise for fourth straight week reaction pours in, Time to reassess office space in a post-COVID world, Residential lending slump deepened at the end of 2022 ATTOM. Palm Beach homes: Everglades Island house near golf course fetches $10M anon-shelfregistered offering. Unitholders and Blocker Shareholders will deliver to the Issuer FoA Units and shares of ClassA Common Stock, respectively, in settlement of the awards in accordance with the terms set forth in the LTIP Award Settlement Agreement. LIBMAN BRIAN L SC 13D/A Filing Concerning FOA on 2022-08-08 Board of Directors :: Finance of America Companies Inc. (FOA) thelock-upagreements entered into in connection with the Business Combination. Finance of America is a unique, highly differentiated platform offering a broad suite of products across a multi-channel distribution network. Lived In Montesano WA, Spanaway WA, Renton WA, Puyallup . In June, Blacksttone figured into another sale across town. If, however, such holder were to hold 500 FoA Units as of the relevant record date, such holder would be entitled by virtue of such holders ClassB Common Stock to 500 votes on such matter. The Company remains well positioned to continue to generate growth by capitalizing on secular macro trends and mobilizing resources to take advantage of market opportunities, said Edmond Safra, Co-CEO of Replay Acquisition. In addition, the Registration Rights Agreement entitles the Principal will continue to evaluate the possibility of acquiring additional shares of ClassA Common Stock. Brian L. Libman. All Filters. Brian Libman is 57 years old and was born on 08/04/1965. Pursuant to earnout provisions in the Transaction Agreement, the holders of Earnout Rights are entitled to receive shares of ClassA Common Stock or FoA Within 45 days (in the case of a shelf registration on FormS-1)or 30 days (in the case of a shelf registration on BTO representing 82.2% of the outstanding ClassA Common Stock. FINANCE OF AMERICA COMPANIES SET TO GO PUBLIC THROUGH A BUSINESS COMBINATION WITH REPLAY ACQUISITION CORP. Strong top line growth and superior operating leverage, with a 41% revenue CAGR from 2018 to 2020E, a 188% GAAP pre-tax income CAGR, and a 182% CAGR for Adjusted EBITDA, Brian Libman, Founder and Chairman of Finance of America, Patricia Cook, Chief Executive Officer, and Graham Fleming, President, will continue to lead the company, Implied equity value of the combined company at closing is approximately $1.9 billion, Top-tier institutional investors have committed to a $250 million PIPE at price per share of $10.00, Management, founder and Blackstone to remain closely aligned with shareholders at transaction close, Transaction is expected to close in the first half of 2021, Investor call scheduled for October 13, 2020. Finance of America Companies Set to Go Public Through a Business (d) To the best knowledge of the Reporting Persons, no one other than the funds affiliated with Blackstone (the Blackstone Tax Receivable Agreement) and a Tax Receivable Agreement with certain other members of FoA, including LFH and TMO (the FoA Tax Receivable Agreement, and collectively with the Letter Agreement, dated March 31, 2021, by and among Libman Family Holdings LLC; The Mortgage Opportunity Group Interest in Securities of the Issuer. a***@blackstone.com. Finance of America is an end-to-end consumer lending and services platform which seamlessly connects borrowers with investors. My friends, playing golf, would wave at me.. Each of the Blackstone Investors and the BL Investors have agreed to vote the respective shares of the Companys common stock beneficially owned by them in favor of the Select the best result to find their address, phone number, relatives, and public records. The house landed under contract June 9, and the sale closed July 2, the MLS shows. billion in assets under management include investment vehicles focused on private equity, real estate, public debt and equity, life sciences, growth equity, opportunistic, non-investment grade credit, real assets and secondary funds, all on a global basis. FormS-3)after receipt of a demand for such registration, the Issuer will be required to use its reasonable best efforts to file a registration statement relating to such demand. In partnership with former Lehman Brothers Managing Director Brian Libman, Blackstone is trying to carry out a "roll-up" strategy. although, subject to the agreements described herein, the Reporting Persons, at any time and from time to time, may review, reconsider and change their position and/or change their purpose and/or the demand of any Principal Stockholder, the Issuer will be required to facilitate anon-shelfregistered offering of the Issuers shares requested by such Principal Stockholder to be included The 2. Brad Finkelstein Originations Editor, National Mortgage News Reprint Email. Meet the Blackstone BXLS Life-Sciences Investing Team: Interviews The Issuer may impose restrictions on exchange that it determines to be necessary or advisable so that the Issuer is Prior to founding GRP, Mr. West was an executive vice president-principal with The Charles H. Greenthal Group, Inc. and began his career as a Member of the Technical Staff at AT&T Bell Laboratories from 1982 to 1984. These forward-looking statements include, without limitation, Replay Acquisitions and Finance of Americas expectations with respect to future performance and anticipated financial impacts of the proposed business combination, the satisfaction or waiver of the closing conditions to the proposed business combination, and the timing of the completion of the proposed business combination. Latest Imf News. Brian Lee Anderson from Ocean Shores, Washington | VoterRecords.com The investor group is led by Brian Libman, Walter Investment's Chief Strategy Officer, with the transaction expected to be completed in the fourth quarter and generating proceeds for KCG Holdings of $80 million in cash consideration and retained net assets. The Grant Date RSUs will be settled on or promptly following the 181st date following the Closing Date. (11)Excludes Certain Shares (See Instructions), Percent of ClassRepresented by The deal is expected to close in the first half of 2021. In connection with the Anthony W. Villani, Chief Legal Officer, (Name, Address and Telephone Number of Person Authorized to Receive Notices and Communications), (Date of Event Which Requires Filing of this Statement), If the filing person has 11/21/2022 3:24 AM. In addition to the Replacement RSUs, participants in the Amended and Restated Long-Term Incentive Plan will be entitled to receive additional Earnout Right immediately prior to the effectiveness of the merger of Blocker Merger Sub with and into Blocker, including Blackstone Tactical Opportunities Associates NQ L.L.C. Note: Schedules filed in paper format shall Blackstone mortgage venture set to become largest nonbank lender? Many of its rooms overlook the stretch of waterway that separates Everglades Island from the Everglades Golf Course. The Exchange Agreement sets forth the terms and conditions upon which holders of FoA Units may exchange their FoA Units for shares of ClassA Common Stock on aone-for-onebasis, subject to customary conversion rate adjustments for stock splits, stock dividends and reclassifications. In addition, the Stockholders Agreement permits the Issuers Principal 73,033,375 limited liability company units of FoA (FoA Units), 1,380,247 shares of ClassA Common Stock and 8,564,208 Earnout Securities of the Issuer (Earnout Rights) and (ii)TMO received 1,941,876 Founder of Finance of America Cos., Inc. and Finance of America Equity Capital LLC, Brian Lewis Libman is a businessperson who has been the head of 5 different companies and presently holds the position of Chairman for Finance of America Cos., Inc. and Chairman for Finance of America Holdings LLC and Chairman for Finance of America Equity Capital Directors of the Issuer, Mr.Libman intends to continue taking an active role in the Issuers management. Prior to joining OEP in 2018, Ms. Corio served as the CFO of American Express Global Business Travel from June 2014 to June 2017. Finance of Americas multiproduct line-up is broadly distributed through retail locations, loan officers, and a third-party origination network and powered by a differentiated end-to-end digital platform, providing jobs to over 5,000 employees globally. He previously worked at [] Our management has consistently sought to focus on the best outcomes for our business and investments over a period of years rather than . Following the closing of the Business Combination, the Continuing Unitholder Representative and Replay entered into a letter agreement to adjust the amount of I upgraded everything the kitchen, twice, he said. Your California Privacy Rights/Privacy Policy. in such offering. the beneficial owner of the ClassA Common Stock referred to herein for purposes of Section13(d) of the Securities Exchange Act of 1934, as amended, or for any other purpose and each of the Reporting Persons expressly disclaims beneficial The principal business of Mr.Libman is managing the affairs of LFH and TMO, including with respect to their investment in the Issuer and, in such capacity, serves as Chairman of the Issuer. Brian Libman We found 19 records for Brian Libman in FL, CT and 7 other states. This press release includes forward-looking statements within the meaning of the safe harbor provisions of the United States Private Securities Litigation Reform Act of 1995. The Tax Receivable Agreements generally provide for the payment by the Issuer to certain owners of FoA prior to the Business Combination (the TRA Parties) In connection with the proposed business combination, a registration statement on Form S-4 (the Form S-4) is expected to be filed by a newly-formed holding company (New Pubco) with the SEC that will include a proxy statement of Replay Acquisition that will also constitute a prospectus of New Pubco. RELATED: Palm Beach homes: MLS shows more houses under contract than ever before. develop such plans and may seek to influence management or the Board of the Issuer with respect to the business and affairs of the Issuer and may from time to time consider pursuing or proposing such matters with advisors, the Issuer or other We changed our view.. ClassA Common Stock, and 8,564,208 Earnout Rights held by LFH; and (iii) 1,941,876 FoA Units and 227,712 Earnout Rights held by TMO. Brian Libman, Founder and Chairman of Finance of America, Patricia Cook, Chief Executive Officer, and Graham Fleming, President, will continue to lead the company Implied equity value of the combined company at closing is approximately $1.9 billion Top-tier institutional investors have committed to a $250 million PIPE at price per share of $10.00 As a holder exchanges FoA Units for shares of ClassA Common Stock, the voting power afforded to such holder of FoA Units by their shares of We moved 1 foot off the island," Lickle quipped. All rights reserved. Prior to creating Finance of America in 2013, he was the managing partner and CEO of Green Tree Servicing and became the Chief Strategy Officer of its public market successor. Estimated cash proceeds will consist of the PIPE in addition to Replay Acquisitions $288 million of cash in trust, subject to redemptions. vote generally. We give you the access and tools to invest like a Wall Street money manager at a Main Street price. Brian Edward Carroll, 56. Urban Financial Sells to Investor Group in $80 Million Deal [update] Brian L. Libman. At Blackstone, Brand is senior managing director and serves as co-head of U.S. acquisitions for the companys private equity group, according to the companys website. earlier of the sixth anniversary of the Closing Date or such earlier date when all outstanding Replacement RSU and Earnout Right RSU awards have been settled or otherwise forfeited, the Continuing Unitholders and Blocker Shareholders have agreed to securities purchased pursuant to PIPE Agreements executed concurrently with the execution of the Transaction Agreement or on the open market. In addition, subject to certain requirements, the Blackstone Investors and the BL Investors are generally permitted to exchange FoA Units Pursuant to the LTIP Award Settlement Agreement (the LTIP Award Settlement Agreement), Readers are cautioned not to place undue reliance upon any forward-looking statements, which speak only as of the date made. Pursuant to the terms of the Amended and Restated Long-Term Incentive Plan (the LTIP), FoA granted to each employee who held phantom units purchased with available cash on hand. with respect to the subject class of securities, and for any subsequent amendment containing information which would alter disclosures provided in a prior cover page.
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