BRIEF-Vacasa To Be Publicly Listed Through Combination With TPG Pace Solutions

Reuters
2021/07/29

July 29 (Reuters) - Vacasa:

* VACASA, NORTH AMERICA’S LEADING VACATION RENTAL MANAGEMENT PLATFORM, TO BE PUBLICLY LISTED THROUGH COMBINATION WITH TPG PACE SOLUTIONS

* TPG PACE SOLUTIONS CORP - TRANSACTION IMPLIES A PRO FORMA EQUITY VALUE FOR VACASA OF APPROXIMATELY $4.5 BILLION

* TPG PACE SOLUTIONS CORP - VACASA IS EXPECTED TO RECEIVE $485 MILLION IN GROSS CASH PROCEEDS

* TPG PACE SOLUTIONS CORP - VACASA'S EXISTING INVESTORS, INCLUDING SILVER LAKE, TOGETHER WITH FOUNDER ERIC BREON & MANAGEMENT, EXPECT TO ROLL 100% OF EQUITY

* TPG PACE SOLUTIONS CORP - VACASA'S EXISTING INVESTORS, FOUNDER ERIC BREON AND MANAGEMENT EXPECT TO RETAIN 88% OWNERSHIP OF CO AFTER TRANSACTION CLOSE

* TPG PACE SOLUTIONS CORP - UPON CLOSING OF TRANSACTION, COMBINED COMPANY IS EXPECTED TO BE PUBLICLY TRADED UNDER TICKER SYMBOL "VCSA."

* TPG PACE SOLUTIONS CORP - UPON CLOSING OF BUSINESS COMBINATION, KARL PETERSON WILL JOIN VACASA BOARD OF DIRECTORS

* TPG PACE SOLUTIONS CORP - VACASA IS EXPECTED TO RECEIVE A FULLY COMMITTED COMMON EQUITY INVESTMENT OF $200 MILLION

* TPG PACE SOLUTIONS CORP - IN 2021, VACASA ESTIMATES ITS GROSS BOOKING VALUE TO BE APPROXIMATELY $1.6 BILLION ON FIVE MILLION NIGHTS SOLD

* TPG PACE SOLUTIONS CORP - VACASA FORECASTS A REVENUE CAGR OF 31% FROM 2021 TO 2023, WITH REVENUE GROWING FROM $757 MILLION IN 2021 TO $1.3 BILLION BY 2023

Source text for Eikon: Further company coverage:

((Reuters.Briefs@thomsonreuters.com;))

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