Blackstone has discussed buying a stake in Ken Griffin's Citadel, whose hedge fund could be worth between $5 billion and $7 billion. Each holder of FoA Units (other than the Issuer and its subsidiaries), of the Issuer (Blocker Merger Sub), Blackstone Tactical Opportunities Fund (Urban Feeder) NQ L.P., a Delaware limited partnership (Blocker), Blackstone Tactical Opportunities Associates NQ L.L.C. "We look forward to accelerating our growth across cycles as we increasingly leverage our complementary portfolio of businesses, differentiated technology capabilities, and a capital-light model with fully integrated capabilities.". Stock, assuming a full exchange of all FoA Units for the publicly traded ClassA Common Stock. [Finance of America Companies Inc. Schedule 13D]. Brian Matesic is a principal in Blackstone's life-sciences group. Unless earlier terminated by agreement of the Principal Select the best result to find their address, phone number, relatives, and public records. Resides in Ocean Shores, WA. 11/21/2022 3:24 AM. Pursuant to the limited liability company agreements of LFH and TMO, each of LFH and TMO is managed by a board of managers consisting of Brian Libman as certainpre-Closingequityholders of. Differentiated End-to-End Cycle Resistant Platform in Consumer and Business Lending , Secular Mortgage Industry Tailwinds and Multiple Avenues for Growth , Funds Managed by Blackstone Tactical Opportunities and FOAs Management/Founder Will Retain Approximately 70% Equity Ownership Post-Closing . The Blackstone-owned consumer lender is set to go public with $1.9b merger. He began his career at Lehman Brothers and spent more than a decade developing the loan acquisition, servicing and lending businesses there, including the creation of Aurora Loan Services, one of the nations leading alternative mortgage originators and servicers. LFH is to make investments, including in securities of the Issuer. Founded in 2016, the Finance of America Foundation connects families to crucial resources needed during financial hardships. When available, the definitive proxy statement/prospectus will be mailed to shareholders of Replay Acquisition as of a record date to be established for voting on the proposed business combination. (a) and (b)Calculations of the percentage of the shares of ClassA Common Stock beneficially owned assumes that there were 59,881,714 shares of . If the Issuer exercises its right to terminate the Tax Receivable Agreements or in the case of a change in control of the Issuer or a material breach of the Pursuant to the Registration Rights Agreement, upon Agreement and LTIP Award Settlement Agreement contained in this Item 6 are not intended to be complete and are qualified in their entirety by reference to such documents, which are filed as exhibits hereto and incorporated by reference herein. Anthony W. Villani, Chief Legal Officer, (Name, Address and Telephone Number of Person Authorized to Receive Notices and Communications), (Date of Event Which Requires Filing of this Statement), If the filing person has The transaction implies an equity valuation at closing for the combined company of $1.9 billion. Jan 02, 2022. securities purchased pursuant to PIPE Agreements executed concurrently with the execution of the Transaction Agreement or on the open market. Contact Number 1550, Irving, Texas 75039. This press release includes forward-looking statements within the meaning of the safe harbor provisions of the United States Private Securities Litigation Reform Act of 1995. brian libman blackstone. Earnout Securities that would be issuable to certain Continuing Unitholders and Blocker GP (but not the aggregate amount of Earnout Securities issuable to all Continuing Unitholders and Blocker GP). FoAM Chairman Brian Libman said the goal is to further expand the company's capabilities "to serve the full range of borrower needs" and "achieve investor goals while continuing to produce. shares to be sold by holders that exercise their related piggyback rights in accordance with the Registration Rights Agreement. Stockholders Agreement (incorporated by reference to Exhibit 10.2 to the Issuers Current Report on Form 8-K filed on April7, 2021). Based on such review, the Reporting Persons may acquire, or cause to be disposed, such securities at any time or formulate other purposes, plans or proposals regarding the Issuer or any of its securities, to the extent deemed advisable Brian Libman's Instagram, Twitter & Facebook on IDCrawl indemnify the registration rights holders against (or make contributions in respect of) certain liabilities which may arise under the Securities Act. Finance of America was initially considering a traditional IPO but shifted course after negotiating with the founders of Replay Acquisition over the summer, The Wall Street Journal reported. Founder of Finance of America Cos., Inc. and Finance of America Equity Capital LLC, Brian Lewis Libman is a businessperson who has been the head of 5 different companies and presently holds the position of Chairman for Finance of America Cos., Inc. and Chairman for Finance of America Holdings LLC and Chairman for Finance of America Equity Capital Lance N. West joined the Companys board of directors upon the closing of the Business Combination. The shares of ClassB Common Stock have no economic rights, but entitle each holder, Note: All figures as of December 31, 2022, unless otherwise indicated. Pursuant to the Transaction Business Combination, concurrently with the Closing, the Issuer and the Principal Stockholders entered into a Registration Rights Agreement (the Registration Rights Agreement). Blackstone Tactical Opportunities, a subsidiary of Blackstone Group, will own 70% of the combined company, which is valued at $1.9 billion. Until the In addition, subject to certain requirements, the Blackstone Investors and the BL Investors are generally permitted to exchange FoA Units New York, NY 10153 . Blackstone mortgage venture set to become largest nonbank lender? The buyer, who owns a Park Avenue penthouse in New York City, signed a 30-year, $7-million mortgage on the property with First Republic Bank of San Francisco, property records show. Brian Libman - Address & Phone Number | Whitepages Brian Lipman's Instagram, Twitter & Facebook on IDCrawl Mr.Libman and an entity for which Mr.Libman serves as a trustee purchased 25,287 and 71,969 shares, respectively, at a weighted average price of $5.16 per share (these shares were purchased in multiple transactions ranging from $5.075 to anon-shelfregistered offering. Finance of America CEO to retire, search for successor begins for any 20 trading days within any 30 trading day period, and one-half will be issued if the volume-weighted average price of the ClassA Common Stock exceeds $15.00 for any 20 trading days within any 30 any security holder of the Issuer, or the staff of the U.S. Securities and Exchange Commission, upon request, full information regarding the number of shares purchased at each separate price within the ranges set forth above. Transaction Agreement (incorporated by reference to Exhibit 10.3 to the Issuers Current Report on Form 8-K filed on April7, 2021). Brian Lewis Libman, 57 - New Canaan, CT - MyLife $280B. Refine Your Search Results. the beneficial owner of the ClassA Common Stock referred to herein for purposes of Section13(d) of the Securities Exchange Act of 1934, as amended, or for any other purpose and each of the Reporting Persons expressly disclaims beneficial Contact. Robert W. Lordjoined the Companys board of directors upon the closing of the Business Combination. The nomination rights of each Principal Stockholder are substantially The Board of Directors of Replay Acquisition and the Board of Finance of Americas parent company have unanimously approved the transaction. Flagship hedge-fund operation could be worth up to $7 billion. Built in 1956, the house has six-bedrooms and 7,522 square feet of living space, inside and out. Finance of America Companies Inc Nominating and Corporate Governance. Unitholders and Blocker Shareholders will deliver to the Issuer FoA Units and shares of ClassA Common Stock, respectively, in settlement of the awards in accordance with the terms set forth in the LTIP Award Settlement Agreement. Ex-2.4 Mr. Lord holds a B.S. In connection with the The house was last listed at $10.9 million, down from the $11.9 million price it carried when it entered the local multiple listing service in early January. These forward-looking statements include, without limitation, Replay Acquisitions and Finance of Americas expectations with respect to future performance and anticipated financial impacts of the proposed business combination, the satisfaction or waiver of the closing conditions to the proposed business combination, and the timing of the completion of the proposed business combination. may receive additional securities of the Issuer in connection with the Issuers compensation program. of Blackstone Inc. (Blackstone) are deemed to be members of a group for purposes of Section13(d) of the Securities Exchange Act of 1934, as amended. Any ClassA Common Stock received by the Blackstone Investors or the BL Investors in any such exchange during the applicable restricted periods would be subject to Ex-2.2 - Sec Mr. Lord has served as an IBM Senior Vice President of the Weather Company and IBM Alliances since January 2022. We provide the first and only end-to-end vertically integrated platform in the lending business. consecutive trading days prior to the sixth anniversary of the Closing Date. Exchange Agreement (incorporated by reference to Exhibit 10.5 to the Issuers Current Report on Form 8-K filed on April7, 2021). White man who allegedly stabbed Black man to death released on bond Press Room - Finance of America Companies He is the architect of the Company's unique business model, and it is his vision that guides the Company. "Becoming a public company is an important milestone for Finance of America and provides further access to capital via the public markets over time,"said Finance of America CEO Patricia Cook. In addition to the Replacement RSUs, participants in the Amended and Restated Long-Term Incentive Plan will be entitled to receive additional Earnout Right Under the Securities Exchange Act of 1934, ClassA vote generally. Blackstone's chief executive officer is billionaire and Palm Beach resident Stephen A. Schwarzman. In a statement, Brian Libman, chairman and founder of Finance of America, said the goal is to further expand the firm's capabilities "to serve the full range of borrower needs" and "achieve investor goals while continuing to produce sustainable earnings growth.". Agent Ashley Lickle ONeil the Lickles daughter co-listed the property with agent Ashley Copeland. Brian Libman's resume includes serving as executive chairman of Finance of America Holdings, a mortgage finance company affiliated Blackstone, according to online reports. He is a male registered to vote in Grays Harbor County, Washington. Information concerning the interests of Replay Acquisitions and Finance of Americas participants in the solicitation, which may, in some cases, be different than those of Replay Acquisitons and Finance of Americas equity holders generally, will be set forth in the proxy statement/prospectus relating to the proposed business combination when it becomes available. Investors with respect to certain sales notwithstanding the terms of the Stockholders Agreement or the Registration Rights Agreement. the demand of any Principal Stockholder, the Issuer will be required to facilitate anon-shelfregistered offering of the Issuers shares requested by such Principal Stockholder to be included Brian Carroll in Ocean Shores, Washington | Phone Number, Email Sometimes Brian goes by various nicknames including Brian L Ibman, Brian Lewis Libman and Brian L Libman. 2. Prior to joining OEP in 2018, Ms. Corio served as the CFO of American Express Global Business Travel from June 2014 to June 2017. We moved 1 foot off the island," Lickle quipped. and the Continuing Unitholders, FoA Units. A longtime Palm Beach couple has sold their Everglades Island house at 568 Island Drive to a limited liability company affiliated with Martin Brand, according to the deed recorded Friday at $10 million. In a statement, Brian Libman, chairman and founder of Finance of America, said the goal is to further expand the firm's capabilities "to serve the full range of borrower needs" and "achieve. Parties in an amount equal to the present value of future payments under the Tax Receivable Agreements, which payment would be based on certain assumptions, including an assumption that any FoA Units that have not been exchanged are deemed exchange www.replayacquisition.com, Blackstone is one of the worlds leading investment firms. A telephone replay will be available at 1-844-385-9713, replay pin number: 52917. Previously cities included Nantucket MA, Miami FL and Sunny Isles Beach FL. The transaction is expected to close in the first half of 2021. Independent. their FoA Units for shares of ClassA Common Stock. in Electrical Engineering from the California Institute of Technology in 1983, and graduated magna cum laude with a B.S. Finance of America Equity Capital, a Blackstone Group portfolio company, announced Tuesday that it is set to go public through a "business combination" with a special-purpose acquisition company (SPAC). Copyright 1996-2023 KM Business Information US, Inc, Unlocking branding opportunities for brokers, Controversial Prop. We look forward to accelerating our growth across cycles as we increasingly leverage our complementary portfolio of businesses, differentiated technology capabilities, and a capital-light model with fully integrated capabilities., Menes Chee, Senior Managing Director at Blackstone, said: Blackstone is proud to have supported the Companys significant growth since its founding becoming a leader and innovator in the market. purchased 7,611 and 21,660 shares, respectively, at a weighted average price of $5.07 per share (these shares were purchased in multiple transactions ranging from $5.025 to $5.10, inclusive). Stockholders) are entitled to nominate a certain number of directors to the Board, based on each such holders ownership of the voting securities of the Issuer. LIBMAN BRIAN L SC 13D/A Filing Concerning FOA on 2022-12-06 In partnership with former Lehman Brothers Managing Director Brian Libman, Blackstone is trying to carry out a "roll-up" strategy. Except as described in this Schedule 13D, the Reporting Persons do not have any present plans or proposals that relate to or would result in any of the The Tax Receivable Agreements generally provide for the payment by the Issuer to certain owners of FoA prior to the Business Combination (the TRA Parties) Investors and security holders may obtain more detailed information regarding the names, affiliations and interests of Replay Acquisitions directors and executive officers in Replay Acquisitions Annual Report on Form 10-K for the fiscal year ended December 31, 2019, which was filed with the SEC on March 25, 2020. Follow Blackstone on Twitter @Blackstone. For example, if a holder of ClassB Common Stock holds in Electrical Engineering from Tufts University in 1982. See Rule 13d-7 for other parties to whom copies are to be sent. company, UFG Management Holdings LLC, a Delaware limited liability company, and Joe Cayre; and BTO Urban Holdings L.L.C. average price of the ClassA Common Stock exceeds certain thresholds. The Firm - Blackstone funds affiliated with Blackstone (the Blackstone Tax Receivable Agreement) and a Tax Receivable Agreement with certain other members of FoA, including LFH and TMO (the FoA Tax Receivable Agreement, and collectively with the (the Exchange Agreement). The Lickles have ties to Wilmington, Delaware, and the Colonial-style house on Everglades Island reminded Bill Lickle of some houses there, he told the Daily News. 06880. a***@blackstone.com. In addition, the Registration Rights Agreement entitles the Principal (f) See Item 2(a)-(b) above for citizenship or place of organization, as applicable, of each of the Reporting These shares were We have built an integrated lending platform which seamlessly connects borrowers with investors. Irving, TX and New York, NY (October 13, 2020): Finance of America Equity Capital LLC (Finance of America or the Company) an end-to-end lending and services platform, and Replay Acquisition Corp. (NYSE: RPLA) (Replay Acquisition), a publicly traded special purpose acquisition company, agreed to a business combination that will result in Finance of America becoming a publicly listed company. Reporting Persons, or the partners, members, affiliates or shareholders of the Reporting Persons, has the right to receive or the power to direct the receipt of dividends from, or the proceeds from the sale of, the ClassA Common Stock reported Combination, and concurrently with the closing of the Business Combination on April1, 2021 (the Closing and such date, the Closing Date), the Issuer and 2. 11:26 am. Brian Libman, Founder and Chairman of Finance of America, Patricia Cook, Chief Executive Officer, and Graham Fleming, President, will continue to lead the company Implied equity value of the combined company at closing is approximately $1.9 billion Top-tier institutional investors have committed to a $250 million PIPE at price per share of $10.00 Each of the Blackstone Investors and the BL Investors have agreed to vote the respective shares of the Companys common stock beneficially owned by them in favor of the Information regarding the persons who may, under SEC rules, be deemed participants in the solicitation of proxies of Replay Acquisitions shareholders in connection with the proposed business combination will be set forth in the proxy statement/prospectus for the proposed business combination when available. Furthermore, the Companys capital markets and portfolio management capabilities inform product innovation, optimize execution, and allow for selective retention of assets while delivering superior risk-adjusted returns to investors. Brian Libman, Founder and Chairman of Finance of America, Patricia Cook, Chief Executive Officer, and Graham Fleming, President, will continue to lead the company Implied equity value of the. Mr. Blackstone-backed Finance of America to go public through SPAC deal Item5. in Economics from LeMoyne College. Mr. West earned his M.S. RSUs if the Issuer achieves specified volume-weighted average price per share targets of $12.50 per share and $15.00 per share during the six year period following the transaction, subject to continued employment. dated as of October12, 2020, by and among the Issuer, FoA, the Continuing Unitholders and the Blocker Shareholders, the Continuing Unitholders (including LFH and TMO) and the Blocker Shareholders agreed to pay and bear the economic In the deal on Nightingale Trail, listing agent Maryann Chopp of Sotheby's International Realty acted opposite agent Gary Pohrer of Douglas Elliman Real Estate. the vote, sole power to dispose or to direct the disposition, or shared power to dispose or to direct the disposition are set forth on rows 7 through 11 and row 13 of the cover pages of this Schedule 13D and are incorporated herein by reference. Estimated cash proceeds will consist of the PIPE in addition to Replay Acquisitions $288 million of cash in trust, subject to redemptions. Combination, the Blackstone Investors and the BL Investors entered into a letter agreement pursuant to which the Blackstone Investors and the BL Investors agreed, among other things, to permit the Blackstone Investors to have priority over the BL Unitholders., As a result of the Business Combination and the transactions contemplated by the Transaction Agreement, (i)LFH received The Company remains well positioned to continue to generate growth by capitalizing on secular macro trends and mobilizing resources to take advantage of market opportunities, said Edmond Safra, Co-CEO of Replay Acquisition. the sixth anniversary of the Closing Date; and (ii) 9,000,000 Earnout Securities, in the aggregate, in the event that the average trading price of the ClassA Common Stock is $15.00 or greater for any 20 trading days within a period of 30 The information provided or incorporated by reference in Item 3 is hereby incorporated by reference herein. Brian L. Libman oversees our Companys business strategy and has served as the Chairman of our board of directors since the closing of the Business Combination. Foundation - Finance of America Companies The Right Honourable Brian Mulroney Partner at Norton Rose Fulbright and Former Prime Minister of Canada The Right Honorable Brian Mulroney is a member of our board of directors. $5.20, inclusive); (ii) on August17, 2021, Mr.Libman and an entity for which Mr.Libman serves as a trustee purchased 15,896 and 45,241 shares, respectively, at a weighted average price of $5.24 per share (these shares were Important Information About the Proposed Business Combination and Where to Find It. Email. The principal business of LFH is to make investments, including in securities of the Issuer. Replay Acquisition Corp. c/o EMS Capital LP . The remainder of this cover page shall be filled out for a reporting persons initial filing on this form Brian L Libman, Replay Acquisition Corp: Profile and Biography (such holders, the Blocker Shareholders), and (iii)certain The foregoing list of factors is not exclusive. Mr. Lord also served as Senior Vice President of Cognitive Applications, Blockchain, and Ecosystems at IBM from February 2019 to January 2022. Also, subject to applicable approvals from the compensation committee of the board of directors of the Board, Mr.Libman misdemeanors). Pursuant to the terms of the Amended and Restated Long-Term Incentive Plan, 25% of the Replacement RSUs vested on the RSU grant date (the Grant Date RSUs), and the remaining 75% will The Lickles have moved to a condominium in downtown West Palm Beach, Bill Lickle, a retired banker, told the Daily News in a February article. We believe that being there for families when they need help the most is important and helps ensure they have the strength and resilience to recover from difficult times. Home - Blackstone - Quarter Midgets of America Brian Libman, executive chairman, Finance of America Holdings, said that the deal is a "natural progression" for the company. "Blackstone has always been managed with a perspective of achieving successful growth over the long term. lowest whole number of directors that is greater than 30% of the members of the Board; if the Blackstone Investors or the BL Investors, as the case may be, hold between 20% and 30% of such outstanding shares, such applicable investors will be We have also driven product innovation across sectors complemented by successful acquisitions to broaden product capabilities, distribution reach, and customer sets resulting in growing,. Readers are cautioned not to place undue reliance upon any forward-looking statements, which speak only as of the date made. Proceedings Is Required Pursuant to Items2(d) or 2(e). an aggregate of 74,975,251 FoA Units, 1,706,911 shares of ClassA Common Stock and 8,791,920 Earnout Rights, which includes (i) 326,664 shares of ClassA Common Stock held by Mr.Libman; (ii) 73,033,375 FoA Units, 1,380,247 shares of LIBMAN BRIAN L SC 13D/A Filing Concerning FOA on 2022-08-08 from Columbia Law School and a B.S. than 40% of the outstanding shares of ClassA Common Stock, assuming a full exchange of all FoA Units for the publicly traded ClassA Common Stock, such applicable investors will be entitled to designate the lowest whole number of TMO, one share of the Issuers ClassB common stock, par value $0.0001 per share (the ClassB Common Stock). He is the architect of the company's unique business model, and Brian L Libman, Replay Acquisition Corp: Profile and . He leads investments in technology, media, telecommunications and financial institutions, while also serving on the investment committee of the companys Tactical Opportunities funds. Blackstone and its affiliates are filing a separate Schedule 13D to report The description of the Stockholders Agreement, Exchange Agreement, Registration Rights Agreement, Transaction Agreement, Letter Agreements, Tax Receivable representing 82.2% of the outstanding ClassA Common Stock. In his capacity as Chairman of the Board of Directors of the Issuer, Mr.Libman intends to continue taking an active role in the Issuers management. Ms. Corio received her MBA in Banking & Finance from Pace University and her B.A. Brian Lee Anderson from Ocean Shores, Washington | VoterRecords.com We do this by using extraordinary people and flexible capital to help companies solve problems. The transaction implies an equity valuation at closing for the combined company of $1.9 billion. consequences to the Issuer of the obligation to settle such awards Accordingly, in connection with the settlement of each vested Replacement RSU award and any related Earnout Right RSUs for which the earnout condition is achieved, the Continuing Brad Finkelstein Originations Editor, National Mortgage News Reprint Furthermore, pursuant to the Stockholders Agreement and subject to certain exceptions as set forth therein, for a period of 180 days following the Closing In connection with the Business Combination, concurrently with the Closing, the Issuer entered into a Tax Receivable Agreement with certain ownedby each reporting person with: Aggregate Amount Beneficially Owned by Each Reporting Person, Check if the Aggregate Amount in Row /s/ Menes Chee Name: Menes Chee Title: Authorized Person BTO URBAN HOLDINGS II L.P. By: Blackstone Tactical Opportunities Associates - NQ L.L.C., its general partner By: BTOA - NQ L.L.C., its sole member Palm Beach homes: Everglades Island house near golf course fetches $10M Brian Blackstone wrote about the European Central Bank from The Wall Street Journal's Frankfurt office. Instructions). (c) Except as set forth in Item 3 of this Schedule 13D, none of the Reporting Persons This Schedule 13D (this Schedule 13D) relates to the ClassA common stock, par value $0.0001 per share (the Following the closing of the Business Combination, the Continuing Unitholder Representative and Replay entered into a letter agreement to adjust the amount of This press release shall also not constitute an offer to sell or the solicitation of an offer to buy any securities, nor shall there be any sale of securities in any states or jurisdictions in which such offer, solicitation, or sale would be unlawful prior to registration or qualification under the securities laws of any such jurisdiction. Equity Capital LLC (FoA), the Issuer, RPLY Merger Sub LLC, a Delaware limited liability company and wholly owned subsidiary of the Issuer, RPLY BLKR Merger Sub LLC, a Delaware limited liability company and wholly owned subsidiary although, subject to the agreements described herein, the Reporting Persons, at any time and from time to time, may review, reconsider and change their position and/or change their purpose and/or Report on Form 8-K filed on April7, 2021). Mr. Pratcher serves as a member of the board of trustees of FS Multi-Alternative Income Fund. in Political Science from Hampton University. Finance of America joins SPAC IPO bandwagon Blackstone Brian Matesic co-led Blackstone's $337 million product investment in Medtronic to fund the development of. The Company is headquartered in Irving, TX, and has an industry leading list of strategic and capital partners including funds managed by The Blackstone Group Inc., the leading global asset manager.