Pacific Current Group Ltd · ASX:PAC
Pacific Current — Treasury Group — Merger or Acquisition (July 2015)
5 slides from Pacific Current's merger presentation, Jul 29, 2015
Slide 1: Sale of RARE Infrastructure
TREASURY GROUP LIMITED Sale of RARE Infrastructure 29 July 2015 TREASURY GROUP LIMITED // NORTHERN LIGHTS CAPITAL GROUP
Slide 2: Transaction Overview
Transaction Overview » Legg Mason to acquire a controlling stake in RARE, partnering with RARE to further develop the business, particularly in US and European markets » As part of wider Legg Mason/RARE transaction, Treasury Group / Northern Lights (“TRG/NL”) has agreed to sell its interest in RARE
Slide 3: Transaction Details
Transaction Details Ongoing Equity Ownership » Retained 10% equity interest structured to provide TRG/NL with continued exposure to equity upsides from FUM growth • Customary minority protections and observer status on RARE Board • Ability for TRG/NL to put retained RARE interest to Legg Mason after
Slide 4: Impact on Treasury Group & Northern Lights Capital Group
Impact on Treasury Group & Northern Lights Capital Group FUM Breakdown by Boutique including RARE (30 June 15) » Proceeds to be used to repay Others Investors Mutual external debt, fund new 11% 12% investments and provide Seizert RARE 12% flexibility for potential capital 20% management Aether 2% Ta
Slide 5: Conditions & Timetable
Conditions & Timetable » The transaction remains subject to the satisfaction of a number of conditions precedent, including: • Regulatory approvals: Foreign Investment Review Board (Australia), Ontario Securities Commission (Canada), Central Bank of Ireland and Financial Conduct Authority (UK) • No