Examples of CVC Holdco in a sentence
In the event that CVC Holdco has not exited from EquityCo five years from the Effective Date, CVC Holdco has the right to decide, in its absolute discretion, whether and when EquityCo shall pursue a qualified initial public offering or a trade sale.
As a company ultimately backed and controlled by a private equity fund, CVC Holdco has agreed to dispose all of its EquityCo shares and exit from EquityCo either through a qualified initial public offering or a trade sale within a reasonable period of time and in any event no later than 12 years from the Effective Date.
EquityCo shareholders agree to endeavor to procure that EquityCo shall consummate a qualified initial public offering or a trade sale within three to five years after the Effective Date and that CVC Holdco has a right to exit ahead of and in priority to any other EquityCo shareholders through such qualified initial public offering or the trade sale.
There is no assurance on whether CVC Holdco will exit from EquityCo through initial public offering or when any initial public offering can take place.
Founder Holdco and EquityCo shall cooperate with CVC Holdco to consummate the qualified initial public offering or trade sale.
Whether CVC Holdco can be paid with the full amount of the HK$800 million preferred dividend in case of a liquidation event depends on the value of total assets and/or available proceeds of EquityCo upon a liquidation event.
For the purposes of allowing it to cover over-allotments (if any) and/or to cover short positions relating to stabilisation transactions, the Stabilising Manager has entered into the Over- allotment Option with Blackstone and CVC Holdco pursuant to which the Stabilising Manager may purchase or procure purchasers for the Over-allotment Shares at the Offer Price.
Such HK$800 million preferred dividend shall be declared and paid to CVC Holdco as soon as practicable and in any event prior to CVC Holdco’s exit from EquityCo so long as the Offeror Group’s balance sheet, debt financing terms and applicable laws permit such distribution (which can be achieved through methods such as effecting a dividend re-capitalisation, whereby EquityCo could borrow money to fund such preferred dividend payment together with existing cash resources of the Offeror Group).
Shareholders of EquityCo endeavour to procure that EquityCo shall consummate a qualified initial public offering or a trade sale in approximately three to five years after the Effective Date, through which shareholders may exit from EquityCo. CVC Holdco has the right (but not the obligation) to exit ahead of other shareholders.
Founder Holdco will own all class A preference shares whereas CVC Holdco will own all class B preference shares of EquityCo. Charts illustrate the shareholding structure of the Company (including the shareholding structure of the Founder Group and CVC Holdco) are set out in the section headed “10.