The Tac Opps team invests globally across asset classes, industries and geographies, seeking to identify and execute on attractive, differentiated investment opportunities. We provide the first and only end-to-end vertically integrated platform in the lending business. Within 45 days (in the case of a shelf registration on FormS-1)or 30 days (in the case of a shelf registration on Tax Receivable Agreements. Alexander Libman Email & Phone Number - The Bla.. | ZoomInfo in Electrical Engineering from Tufts University in 1982. The Firm - Blackstone 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 Mr. West previously served as Partner and Senior Managing Director of Centerbridge Partners and former Chairman & CEO of Centerbridge Partners Europe from 2006 to 2018. Tyson A. Pratcher joined the Companys board of directors upon the closing of the Business Combination. Neither the filing of this Schedule 13D nor any of its contents shall be deemed to constitute an admission that any Reporting Person is Simpson Thacher & Bartlett LLP is acting as legal advisor to Finance of America. Such persons can also read Replay Acquisitions Annual Report on Form 10-K for the fiscal year ended December 31, 2019, for a description of the security holdings of Replay Acquisitions officers and directors and their respective interests as security holders in the consummation of the proposed business combination. consecutive trading days prior to the sixth anniversary of the Closing Date. Brian L. Libman oversees our Company's business strategy and has served as the Chairman of our board of directors since the closing of the Business Combination. These shares were Jan 02, 2022. Over half of the sponsors founder shares of Replay Acquisition will be deferred and subject to share price hurdles. 2. He added: "I liked walking out and sitting by the pool or on the dock and looking over to the golf course. Report on Form 8-K filed on April7, 2021). Brian Blackstone wrote about the European Central Bank from The Wall Street Journal's Frankfurt office. interests in partnership capital or profits. Our daily newsletter is FREE and keeps you up to date with the world of mortgage. Ocean Shores, Washington. Note: All figures as of December 31, 2022, unless otherwise indicated. 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. By virtue of the Stockholders Agreement (as defined below), the Reporting Persons and affiliates for shares of ClassA Common Stock provided that the number of FoA Units surrendered in such exchanges during any30-calendarday period represent, in the aggregate, greater than 2% of total In a statement, Brian Libman, chairman and founder of Finance of America, said the goal is to further expand the firm's capabilities "to serve the full range of borrower needs" and "achieve. not treated as a publicly traded partnership for U.S. federal income tax purposes. Principal Stockholder. in such offering. Mr. average price of the ClassA Common Stock exceeds certain thresholds. All text and design is copyright 2020 WhaleWisdom.com. Independent. 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. He previously worked at [] See Rule 13d-7 for other parties to whom copies are to be sent. Refine Your Search Results. As part of the strategy, the team leverages the intellectual capital across Blackstones various businesses while continuously optimizing its approach in the face of ever-changing market conditions. The house was last listed at $10.9 million, down from the $11.9 million price it carried when it entered the local multiple listing service in early January. Pursuant to the limited liability company agreements of LFH and TMO, each of LFH and TMO is managed by a board of managers consisting of Brian Libman as Joint Filing Agreement, dated as of August26, 2021, by and among the Reporting Persons (filed herewith). certainpre-Closingequityholders of. $280B. from Columbia Law School and a B.S. Brian Kaufman - Blackstone In certain circumstances, Principal Stockholders will be entitled to piggyback registration rights in connection with the demand of The transaction will require the approval of the shareholders of Replay Acquisition, and is subject to other customary closing conditions, including the receipt of certain regulatory approvals. This should allow the combined company to start operations with a minimum of $250 million in cash and cash equivalents. FoA) as follows: (i) 9,000,000 Earnout Securities, in the aggregate, in the event that the average trading price of the ClassA Common Stock is $12.50 or greater for any 20 trading days within a period of 30 consecutive trading days prior to Finance of America is a unique, highly differentiated platform offering a broad suite of products across a multi-channel distribution network. and the Continuing Unitholders, FoA Units. 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. We moved 1 foot off the island," Lickle quipped. Refine Your Search Results. 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 If the Issuer exercises its right to terminate the Tax Receivable Agreements or in the case of a change in control of the Issuer or a material breach of the He is the architect of the company's unique business model, and Brian L Libman, Replay Acquisition Corp: Profile and . In his capacity as Chairman of the Board of A man with the same name is a private equity specialist at The Blackstone Group. BL Investors Tax Receivable Agreement (incorporated by reference to Exhibit 10.7 to the Issuers Current Through this platform we offer products and services that meet customers financial needs throughout each phase of their lives. LIBMAN BRIAN L SC 13D Filing Concerning FOA on 2021-08-16 - WhaleWisdom.com shares to be sold by holders that exercise their related piggyback rights in accordance with the Registration Rights Agreement. 57 %. Finance of America expands, brings B2R Finance, Jordan - HousingWire following the Business Combination and certain distributions with respect to units, (ii)the Issuers utilization of certain tax attributes attributable to Blocker or holders of limited liability company interests of Blocker outstanding keep free and clear of any pledge or other encumbrance a number of FoA Units or shares of ClassA Common Stock, respectively to satisfy their settlement obligations under the LTIP Award Settlement Agreement. Pursuant to the Stockholders Agreement, each of certain funds affiliated with Blackstone (the Brian Libman We found 19 records for Brian Libman in FL, CT and 7 other states. Pursuant to the LTIP Award Settlement Agreement (the LTIP Award Settlement Agreement), My friends, playing golf, would wave at me.. 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, identical and subject to the same terms, conditions and requirements. Before joining Centerbridge, Mr. West was a Partner Managing Director at Goldman Sachs & Co. LLC, where he headed the firms Principal Finance Group. Important Information About the Proposed Business Combination and Where to Find It. Securities Act). 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 thelock-upagreements entered into in connection with the Business Combination. Urban Holdings L.L.C., Blackstone Family Tactical Opportunities Investment Partnership NQ ESC L.P., LFH, TMO, L and TF, LLC, UFG Management Holdings LLC and Joe Cayre, are collectively referred to herein as the Continuing 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 Mr. Libman has spent his entire career in the specialty finance area and has been involved in structuring and consummating the acquisitions of more than twenty businesses. 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. The principal business of These industries include consumer, telecommunications and technology, energy, infrastructure, financial services and real estate, among others. 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 Blackstone Tactical Opportunities, a subsidiary of Blackstone Group, will own 70% of the combined company, which is valued at $1.9 billion. LIBMAN BRIAN L SC 13D/A Filing Concerning FOA on 2022-08-08 Reporting Persons, or the partners, members, affiliates or shareholders of the Reporting Persons, has the right to receive or the power to direct the receipt of dividends from, or the proceeds from the sale of, the ClassA Common Stock reported Information concerning the interests of Replay Acquisitions and Finance of Americas participants in the solicitation, which may, in some cases, be different than those of Replay Acquisitons and Finance of Americas equity holders generally, will be set forth in the proxy statement/prospectus relating to the proposed business combination when it becomes available. Your California Privacy Rights/Privacy Policy. -, LIMIT THE USE OF MY SENSITIVE PERSONAL INFORMATION. William and Renee Lickle had owned the red-brick house for 40 years, having paid $500,000 for the property in March 1980. applicable investors will be entitled to designate the lowest whole number of directors that is greater than 10% of the members of the Board. In addition, prior to the closing of the Business Combination, the Blackstone Investors and the BL Investors entered into a letter agreement pursuant To listen to the prepared remarks, please visit here or dial 1-844-385-9713. Stockholders Agreement also provide each Principal Stockholder with basic information and management rights, as well as detailed venture capital operating company covenants. He is the architect of the Company's unique business model . Blackstone Tax Receivable Agreement, the Tax Receivable Agreements). Instructions). 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. their FoA Units for shares of ClassA Common Stock. In connection with the Business Combination, concurrently with the Closing, the Issuer, FoA and the Continuing Unitholders entered into an Exchange Agreement Furthermore, the Stockholders Agreement also requires the Issuer to cooperate with the Principal The companies expect $250 million in funding from institutional investors through private investment in public equity (PIPE) of $10 per share. Directors of the Issuer, Mr.Libman intends to continue taking an active role in the Issuers management. Brian Lin - Blackstone Press Room - Finance of America Companies previously filed a statement on Schedule 13G to report the acquisition that is the subject of this Schedule 13D, and is filing this schedule because of 240.13d-1(e), "Becoming a public company is an important milestone for Finance of America and provides further access to capital via the public markets over time,"said Finance of America CEO Patricia Cook. "We are in a building with 27 stories, and I can look all the way across Palm Beach to the Atlantic. 240.13d-1(f) or 240.13d-1(g), check the following box. Item6. (a) and (b)Calculations of the percentage of the shares of ClassA Common Stock beneficially owned assumes that there were 59,881,714 shares of company, UFG Management Holdings LLC, a Delaware limited liability company, and Joe Cayre; and BTO Urban Holdings L.L.C. (incorporated by reference to Exhibit 2.3 filed with the Registrants Current Report on Form 8-K filed on April7, 2021). (d) During the last five years, none of the Reporting Persons has been convicted in a criminal proceeding (excluding traffic violations or similar Unless earlier terminated by agreement of the Principal The transaction implies an equity valuation at closing for the combined company of $1.9 billion. The Right Honourable Brian Mulroney Partner at Norton Rose Fulbright and Former Prime Minister of Canada The Right Honorable Brian Mulroney is a member of our board of directors. 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 The Company operates in four large and growing markets including Mortgage, Reverse Mortgage, Commercial Real Estate, and Fixed Income Investing, with each supported by powerful structural tailwinds such as low interest rates, underserved markets, fragmented competition, constructive demographic trends, and favorable supply and demand imbalances, which lower volatility and create stable, growing earnings. Any demandednon-shelfregistered offering may, at the Issuers option, include Issuer shares to be sold by the Issuer for its own account and will also include registrable No offering of securities shall be made except by means of a prospectus meeting the requirements of Section 10 of the Securities Act of 1933, as amended, or an exemption therefrom. Board Committees :: Finance of America Companies Inc. (FOA) We seek to create positive economic impact and long-term value for our investors, the companies we invest in, and the communities in which we work. Item3. The Reporting Persons own Home - Blackstone - Quarter Midgets of America Brian L. Libman oversees our Company's business strategy and has served as the Chairman of our board of directors since the closing of the Business Combination. the Issuer. Brian L Libman is Chairman at Replay Acquisition Corp. See Brian L Libman's compensation, career history, education, & memberships. Product offerings include mortgages, reverse mortgages, and loans to residential real estate investors distributed across retail, third party network, and digital channels. The transaction is expected to close in the first half of 2021. Note: Schedules filed in paper format shall 11/21/2022 3:24 AM. 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 In addition, prior to the closing of the Business In addition to the Replacement RSUs, participants in the Amended and Restated Long-Term Incentive Plan will be entitled to receive additional Earnout Right Units and 227,712 Earnout Rights. He is in the debt capital markets group focusing on the financing of real estate investments in the Americas. BTO Replay Acquisition, Finance of America, New Pubco and their respective directors, executive officers and other members of their management and employees, under SEC rules, may be deemed to be participants in the solicitation of proxies of Replay Acquisitions shareholders in connection with the proposed business combination. Pursuant to the terms of the Amended and Restated Long-Term Incentive Plan (the LTIP), FoA granted to each employee who held phantom units liability company (LFH), and (iii)The Mortgage Opportunity Group, LLC, a Connecticut limited liability company (TMO and collectively with Mr.Libman and LFH, the Reporting Persons). The information provided or incorporated by reference in Item 3 is hereby incorporated by reference herein. "Blackstone has always been managed with a perspective of achieving successful growth over the long term. Brian Kaufman is a Managing Director in the Real Estate Group and currently leads asset management for Blackstone's U.S. hospitality portfolio. Ex-2.4 Within 90 days after receipt of a demand for such registration, the Issuer will be required to use its reasonable best Pursuant to the terms of the Amended and Restated Long-Term Incentive Plan, 25% of the Replacement RSUs vested on the RSU grant date (the Grant Date RSUs), and the remaining 75% will Agreement and LTIP Award Settlement Agreement contained in this Item 6 are not intended to be complete and are qualified in their entirety by reference to such documents, which are filed as exhibits hereto and incorporated by reference herein. Most of these factors are outside Replay Acquisitions and Finance of Americas control and are difficult to predict. Stockholders in connection with certain future pledges, hypothecations, grants of security interest in or transfers (including to third party investors) of any or all of the FoA Units held by the Principal Stockholders, including to banks or Parties in an amount equal to the present value of future payments under the Tax Receivable Agreements, which payment would be based on certain assumptions, including an assumption that any FoA Units that have not been exchanged are deemed exchange Each holder of FoA Units (other than the Issuer and its subsidiaries), Watch . Copyright 1996-2023 KM Business Information US, Inc, Unlocking branding opportunities for brokers, Controversial Prop. Agreement, the Issuer and FoA issued an aggregate of 18,000,000 Earnout Securities to the Blocker Shareholders (defined below) (in the case of issuances by the Issuer) and to Blocker GP and the Continuing Unitholders (in the case of issuances by 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. in Electrical Engineering from the California Institute of Technology in 1983, and graduated magna cum laude with a B.S. Brian Lin is a Managing Director in the Real Estate group. the sole manager. Brian L. Libman. of a Group (See Instructions), Check if Disclosure of Legal The Company is headquartered in Irving, TX, and has an industry leading list of strategic and capital partners including funds managed by The Blackstone Group Inc., the leading global asset manager. purchased with available cash on hand. demand of a Principal Stockholder, the Issuer will be required to facilitate in the manner described in the Registration Rights Agreement a takedown off of an effective shelf registration statement of registrable shares requested by such 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 White man who allegedly stabbed Black man to death released on bond In June, Blacksttone figured into another sale across town.
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