Examples of Topco in a sentence
Partial Alternative Offer As an alternative to the Cash Offer, for each CareTech Share held, eligible holders of the CareTech Shares (“CareTech Shareholders”) may elect to receive a class of non-voting ordinary share in the indirect parent of the new entity to be incorporated for the purposes of the transaction ("Topco") ("Rollover Securities") (the "Partial Alternative Offer").
Each of Topco and Bidco undertakes to procure, and Cobham undertakes, that throughout the Undertaking Period the "Cobham" name will continue to be included in the registered names of those members of the UK Cobham Group which include "Cobham" in their registered names as at the Effective Date.
In absolute numbers, the profits of parent company CVC drawn from the commercial rights to F1 accumulate to a sum between 4.5 to 8bn US$ in total between 2006 and 2014 according to media reports28, i.e. around 500-900 million US$ per year (including profits from selling minority shares of Delta Topco) – which is more than all the teams of F1 together received from the common revenues during that time (~ 3.7 bn US$).
In the case of Formula One, the private-equity-company-owned commercial rights holder,Delta Topco, keeps roughly 35 per cent of the revenues (in former years up to and more than 40 per cent).
Note that already the annual pay-out to the owners of Delta Topco exceeds the one-off lump sum price it once paid.