Ridgepost Capital, Inc. · NYSE:RPC
Ridgepost Capital — P10 — Merger or Acquisition (September 2024)
7 slides from Ridgepost Capital's merger presentation, Sep 17, 2024
Slide 1: P10 to Expand Internationally with Acquisition of Qualitas Funds
P10 to Expand Internationally with Acquisition of Qualitas Funds September 17, 2024
Slide 2: Company Overview
Company Overview Qualitas Equity Funds SGEIC, S.A. (“Qualitas Funds”) is a leading European private equity fund-of-funds manager based in Madrid, Spain with ~$1 billion in fee-paying assets under management Qualitas Funds focuses on European private equity funds in the lower mid-market, typically wi
Slide 3: Qualitas Funds Investment Approach
Qualitas Funds Investment Approach Focus on the European lower mid-market Efficient fund size Data-driven investment selection Co-investment and secondaries Transparent results Value Drivers European funds <€500MM Fund fully committed in 12-18 months Unique proprietary data base following >7,000 fun
Slide 4: Focus on European Lower Mid-Market
Focus on European Lower Mid-Market Returns defined as annualized IRR. Risk defined as standard deviation of annual return. Favorable Capital Supply/Demand Balance in LMM Higher Returns1, Lower Risk2 in EU LMM Qualitas Funds Underlying Company Profile Mega (> €5Bn) Large (€2-5Bn) EU Private Equity Lo
Slide 5: Transaction Summary
Transaction Summary Transaction P10 has agreed to acquire 100% of the issued and outstanding equity interests of Qualitas Equity Funds SGEIC, S.A. (“Qualitas Funds”) P10 is acquiring 100% of the fee-related earnings and the transaction does not include any carried interest for legacy funds 10% of fu
Slide 6: Strategic Rationale
Strategic Rationale Demonstrates strong investor loyalty with re-up rates ~80% 3 Represents financially attractive terms, with fully-taxed ANI EPS accretion in 2025E and FRE growth accretion 5 Builds on existing strong relationship with P10 through RCP Advisors and Hark Capital 4 Establishes interna
Slide 7: Forward-Looking Statements
FORWARD-LOOKING STATEMENTS Some of the statements in this presentation may constitute “forward-looking statements” within the meaning of Section 27A of the Securities Act of 1933, Section 21E of the Securities Exchange Act of 1934 and the Private Securities Litigation Reform Act of 1995. Words such