Twelve Seas Investment Company
closedU=S+1WW=S@11.50
BROG
Capital Structure & Economics
Trust Size$150,000,000
Unit Price$10.00
Warrant Coverage1/1
Sponsor Promote20%
Implied Equity Architecture
Capital Allocation Baseline
Trust (100.0%)
Implied Dilution Drag
100% Warrant Inclusion| Public Trust Allocation | $150,000,000 |
| Sponsor At-Risk Capital | N/A |
| Total Underwriting Discount | N/A |
| Trust Per Unit (Implied) | $10.00 |
| Sponsor Promote Allocation | 20% |
Deal Lifecycle
IPO PricedJun 1, 2018
Target AnnouncedApr 15, 2019
Maturation Wall
N/A
Announced Target / M&A
- Target CompanyBrooge Petroleum And Gas Investment Company FZE
- SectorOil Storage and Service
- Announced Deal Size$1,050,000,000
- Announcement Date2019-04-15
Board & Officers
- CEO
- Officer
- Director
- Director
- Director
- Gregory A. StoupnitzkyDirector
- Suneel G. KajiDirector
Advanced Structuring Terms
| Target Sectors | Oil Storage and Service |
Syndicate & Advisors
Interactive Deal Modeling
Base financial constraints (Trust Size, Warrants, Promote) are pre-loaded into the calculation engines. Proceed to model implied dilution and advisory friction limits.