Brief: Sequel Youth and Family Services and Global Partner Acquisition announce agreement for business combination

Stardust Power

11/01/2017 21:34

Jan 11 (Reuters) - Global Partner Acquisition Corp  GPAC.O  
    * For calendar 2017 Sequel forecasts adjusted EBITDA of 
$261.4 million 
    * Global Partner Acquisition Corp says Sequel common equity 
holders will also receive GPAC warrants to purchase 3.3 million 
shares of GPAC common stock 
    * Sequel Youth and Family Services and Global Partner 
Acquisition Corp. announce agreement for business combination 
    * Sequel Youth and Family Services and Global Partner 
Acquisition Corp. announce agreement for business combination 
    * Immediately upon consummation of transaction, GPAC will 
change its name to Sequel Youth and Family Services, Inc 
    * Global Partner Acquisition Corp says for fiscal year ended 
June 30, 2017, Sequel forecasts program revenue, total revenue 
$253.9 million 
    * Deal will enable Sequel to become a Nasdaq-listed public 
co, with anticipated initial enterprise value of about $423.3 
million 
    * Sequel management team will continue to lead combined 
company following business combination 
    * Intends to pay cash consideration and transaction expenses 
for business combination primarily from about $155.3 million of 
cash 
    * Global Partner Acquisition Corp says  for fiscal year 
ended June 30, 2017, Sequel forecasts program free cash flows 
$36.8 million 
    * Global Partner Acquisition Corp says Sequel equity holders 
will receive newly issued Sequel common units exchangeable 
initially for 4.5 million shares of GPAC stock, $105.0 million 
in cash 
    * Sequel management team will continue to lead combined 
company following business combination 
 
Source text for Eikon:  ID:nPn83kBa  
Further company coverage:  GPAC.O  
 
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