Haymaker Acq. - HYACU Now OSW
(March 19, 2019)—Haymaker Acquisition Corp. (NASDAQ: HYAC) (“Haymaker”), a publicly traded special purpose acquisition company, and OneSpaWorld (“OSW”), the pre-eminent global provider of health and wellness products and services onboard cruise ships and in destination resorts around the world, announced today that having satisfied all closing requirements, they completed their previously announced business combination. Under the terms of the agreement, Haymaker and OneSpaWorld combined under the new holding company, OneSpaWorld Holdings Limited (“OSW Holdings” or the “Company”), in a business combination involving $850.7 million in total consideration. The business combination was approved by Haymaker’s stockholders on March 6, 2019 with more than 96% of the voted shares voting in favor of the business combination. OneSpaWorld was sold by Steiner Leisure Limited (“Steiner”), a portfolio company of L Catterton, the largest and most global consumer-focused private equity firm in the world.
Consistent with the terms of the business combination, Haymaker and OSW combined under the new holding company, OSW Holdings, whose common shares are expected to be listed on the Nasdaq Stock Market under the symbol “OSW.”
Unit = 1 com, 1/2 warrant.
Trust ~ 10.04 March31, 2018 $300mm.
Warrant - Two plus $11.50. Call 18.
24 month deadline. Closed 10/27/2018
Steven J. Heyer, our Chief Executive Officer and Executive Chairman, has over 35 years of experience in the consumer and consumer-related products and services industries leading a range of companies and brands. He has applied his leadership and analytical skills in a variety of leadership positions across diverse industry groups, including broadcast media, consumer products, and hotel and leisure companies. His operating experiences include: leading the turnaround of Outback Steakhouse, as an advisor; as Chief Executive Officer of Starwood Hotels & Resorts Worldwide; as the President and Chief Operating Officer of The Coca-Cola Company; as board member of the Hellenic Bottling Company, Coca-Cola FEMSA, and Coca-Cola Enterprises; as President and Chief Operating Officer of Turner Broadcasting System, Inc., and a member of AOL Time Warner’s Operating Committee; as the President and Chief Operating Officer of Young & Rubicam Advertising Worldwide; and before that at Booz Allen & Hamilton, ultimately as Senior Vice President and Managing Partner. Mr. Heyer has extensive current and past board experience, including: the board of Atkins Nutritionals Inc., which announced earlier this year that it has entered into a definitive agreement to be acquired by Conyers Park Acquisition Corp., a publicly traded special purpose acquisition company; Lazard Ltd and Lazard Group; the board of WPP Group, a publicly traded digital, internet, and traditional advertising company; the board of Equifax, the publicly traded consumer credit reporting and insights company; the board of Omnicare, Inc., a supplier of pharmaceutical care to the elderly; the board of Vitrue, Inc., a provider of social marketing publishing technologies; the board of Internet Security Systems, Inc., a provider of internet security software, appliance, and services; and the board of Shopkick, a mobile shopping app that rewards customers for walking into stores. In addition, Mr. Heyer has been involved in other various start-ups and turnarounds in the consumer, big data, consumer services, retail, and consumer and media space.
Andrew R. Heyer is a finance professional with over 35 years of experience investing in the consumer and consumer-related products and services industries as well as a senior banker in leveraged finance during which time his clients included many large private equity firms. He has deployed in excess of $1 billion of capital over that time frame, and has guided several public and private companies as a member of their board of directors. Currently Mr. Heyer is the Chief Executive Officer and Founder of Mistral Equity Partners, a private equity fund that invests in the consumer industry. Prior to founding Mistral, Mr. Heyer served as a Founding Managing Partner of Trimaran Capital Partners, a $1.3 billion private equity fund. Mr. Heyer was formerly a vice chairman of CIBC World Markets Corp. and a co-head of the CIBC Argosy Merchant Banking Funds. Prior to joining CIBC World Markets Corp., Mr. Heyer was a founder and Managing Director of The Argosy Group L.P. Before Argosy, Mr. Heyer was a Managing Director at Drexel Burnham Lambert Incorporated and, previous to that; he worked at Shearson/American Express. Mr. Heyer currently serves on the board of directors of Jamba, Inc.
[NASDAQ: JMBA]. He also serves on the board of The Hain Celestial Group [NASDAQ: HAIN], a natural and organic food and products company, as lead director. Mr. Heyer also serves as a director of FORM Holdings, Inc. [NASDAQ: FH] as well as on the board of several private companies owned in whole or in part by Mistral, including Worldwise, LoveSac, and Insomnia Cookies. He also serves on the board of Accel Foods, an incubator and investor in early stage food and beverage companies. Formerly, Mr. Heyer has served on the boards of Las Vegas Sands Corp., El Pollo Loco Holdings, Inc., and Reddy Ice Holdings, Inc.We believe that our management team is well positioned to identify an attractive target business within the consumer and consumer-related products and services industries and that their proprietary deal sourcing network, ranging from industry executives, private owners, private equity funds, and investment bankers will enable us to pursue a broad range of opportunities across the entire consumer and consumer-related products and services industries.