Equitix Acquisition definition
Examples of Equitix Acquisition in a sentence
The Equitix Bridge Loan is part of the arrangements to implement the Equitix Acquisition through which Equitix Investment Management Limited will ultimately own 50 per cent.
Bidco and Equitix Holdco have agreed that the Equitix Acquisition will be effected through the subscription by Equitix Holdco in cash for loan notes issued by Aqueduct Midco Limited, the holding company of Bidco, pursuant to the Equitix Bridge Loan, for the purposes of partially funding the Acquisition.
In connection with the Equitix Acquisition, Bidco and Equitix Holdco, among others, have entered into the Restructuring Agreement on or around the date of this Announcement, pursuant to which the parties have agreed certain restructuring steps to occur as soon as reasonably practicable following the Effective Date, to effect the Equitix Acquisition (which shall result in Equitix Holdco owning 50 per cent.
In connection with the Equitix Acquisition, the KKR Investor and Equitix Holdco have entered into a shareholders’ agreement on the date of this Announcement, which will take effect from completion of the Equitix Acquisition (the “Shareholders’ Agreement”).
There are also customary conduct of business gap controls that will apply between the Effective Date and the Equitix Acquisition Effective Date, before Equitix Holdco acquires the AssetCo Issuance Shares.
Bidco intends to implement the Acquisition and Equitix Holdco intends to implement the Equitix Acquisition.