Experienced industry executive to join board of
leading all-inclusive resorts operator
Appointment to build on Playa’s momentum
following recent transaction with Pace Holdings Corp
Playa Hotels & Resorts B.V. (“Playa”), a leading owner,
operator, and developer of premium all-inclusive resorts, and Pace
Holdings Corp. (“Pace”) (NASDAQ: PACE), a special-purpose
acquisition company sponsored by an affiliate of TPG, announced
today that Tom Klein will join Playa’s Board of Directors (the
“Playa Board”) upon completion of the recently announced
transaction between Playa and Pace. Klein is an industry veteran
with more than 20 years of experience in the travel and leisure
sector. Most recently, Klein served as President, CEO, and member
of the Board of Directors of Sabre Corporation (“Sabre”), a leading
technology provider to the global travel and tourism industry. His
addition to the Playa Board is expected to represent the first step
toward accelerating Playa’s growth strategy and furthering its
leading position in an emerging, high-growth sector.
“Throughout my time on Sabre’s board, I have watched Tom lead
the company in entering the public markets and enhancing product
development, including significant advances on the hospitality
side,” said Karl Peterson, TPG Partner and President and CEO of
Pace. “This skill set, paired with his deep knowledge of these
markets and strong industry relationships, create the perfect
value-add partner for Playa.”
“Karl and I are thrilled to have someone of Tom’s caliber join
the Playa Board,” said Bruce Wardinski, Chairman and CEO of Playa.
“His joining builds on the recent momentum we’ve gained through our
business combination with Pace. We look forward to his support and
insights as Playa enters its next era of growth as a public
entity.”
On December 13, 2016, Playa and Pace entered into a definitive
agreement with respect to a business combination involving the two
companies. At the completion of the transaction, the combined
company will retain the Playa name and will be a publicly listed
company. The transaction is expected to serve as a catalyst for
future growth by providing Playa with additional capital and access
to the public markets to strengthen its balance sheet, pursue
acquisitions, and enhance distribution. Klein will join the Playa
Board upon completion of the transaction, which is expected to
close in the first quarter of 2017.
“I am excited by the opportunity to not only join the board of
an industry leading company such as Playa, but to be a part of a
team that has an excellent track record of identifying and creating
value,” said Klein. “Bruce and his team have built a terrific
platform that is well positioned for significant growth. I look
forward to working with the rest of the Playa Board as
Playa looks to further its leading position and execute on
compelling growth opportunities.”
Before serving as CEO and President, Klein held a variety of
executive roles at Sabre, including group President of both Sabre
Travel Network and Sabre Airline Solutions as well as company
President in 2010. Early on in his career at the company, Klein led
Sabre’s joint venture in Mexico. Klein earned his BS in business
administration from the Villanova School of Business and currently
serves on the University’s Board of Trustees. He serves on the
Board of Directors of Cedar Fair LP (NYSE: FUN) and the executive
committee of World Travel and Tourism Council. Klein was appointed
by US Secretary of Commerce Penny Pritzker to both the President’s
Advisory Council for Doing Business in Africa and the board of
Brand USA where he currently serves as Chairman.
Additional Information and Where to Find It
Pace has caused Porto Holdco B.V. (“Holdco”) to file with the
Securities and Exchange Commission (“SEC”) a registration statement
on Form S-4 (the “Registration Statement”), which includes a
preliminary prospectus with respect to Holdco’s securities to be
issued in connection with the proposed business combination between
Pace and Playa (the “Business Combination”) and a preliminary proxy
statement of Pace in connection with the Business Combination. Pace
plans to mail to its shareholders the definitive proxy
statement/prospectus with respect to Holdco’s securities to be
issued in connection with the Business Combination. SECURITY
HOLDERS ARE URGED AND ADVISED TO READ THE DEFINITIVE PROXY
STATEMENT/PROSPECTUS CAREFULLY WHEN IT BECOMES AVAILABLE BECAUSE IT
WILL CONTAIN IMPORTANT INFORMATION ABOUT PACE, PLAYA, HOLDCO, THE
BUSINESS COMBINATION AND RELATED MATTERS. Investors and
security holders may obtain free copies of the Registration
Statement, and the definitive proxy statement/prospectus (when they
become available) and other relevant materials and any other
documents filed by Pace, Holdco or Playa with the SEC free of
charge at the SEC’s web site at www.sec.gov. In addition,
shareholders will be able to obtain free copies of the Registration
Statement by directing a request to: Pace Holdings Corp., 301
Commerce Street, Suite 3300, Fort Worth, Texas 76102, email:
Pace@tpg.com, Attn: Mr. Clive D. Bode.
Participants in the Solicitation
Pace, Playa, Holdco and their respective directors and executive
officers may be deemed to be participants in the solicitation of
proxies from Pace’s shareholders in connection with the Business
Combination. Information about Pace’s directors and executive
officers is set forth in Pace’s Annual Report on Form 10-K for the
fiscal year ended December 31, 2015, which was filed with the SEC
on January 26, 2016. These documents are available free of
charge at the SEC’s web site at www.sec.gov, or by directing a
request to: Pace Holdings Corp., 301 Commerce Street, Suite 3300,
Fort Worth, Texas 76102, email: Pace@tpg.com, Attn: Mr. Clive D.
Bode. Additional information regarding the interests of
participants in the solicitation of proxies in connection with the
Business Combination is included in the Registration Statement and
will be contained in the definitive proxy statement/prospectus and
other relevant materials to be filed with the SEC when they become
available.
Forward Looking Statements
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. Forward-looking
statements may be identified by the use of words such as
“forecast,” “intend,” “seek,” “target,” “anticipate,” “believe,”
“expect,” “estimate,” “plan,” “outlook,” and “project” and other
similar expressions that predict or indicate future events or
trends or that are not statements of historical matters. Such
forward looking statements include projected financial information.
Such forward looking statements with respect to revenues, earnings,
performance, strategies, prospects and other aspects of the
businesses of Pace, Playa or the combined company after completion
of any Business Combination are based on current expectations that
are subject to risks and uncertainties. A number of factors could
cause actual results or outcomes to differ materially from those
indicated by such forward looking statements. These factors
include, but are not limited to: (1) the inability to complete
the transactions contemplated by the Business Combination;
(2) the inability to recognize the anticipated benefits of the
Business Combination, which may be affected by, among other things,
competition, and the ability of the combined business to grow and
manage growth profitably; (3) the ability to meet NASDAQ’s
listing standards following the consummation of the transactions
contemplated by the Business Combination; (4) costs related to
the Business Combination; (5) changes in applicable laws or
regulations; (6) the possibility that Playa or Pace may be
adversely affected by other economic, business, and/or competitive
factors; and (7) other risks and uncertainties indicated from
time to time in the definitive proxy statement/prospectus of Pace,
including those under “Risk Factors” therein, and other documents
filed or to be filed with the SEC by Pace. You are cautioned not to
place undue reliance upon any forward-looking statements, which
speak only as of the date made. Pace and Playa undertake no
commitment to update or revise the forward-looking statements,
whether as a result of new information, future events or
otherwise.
Disclaimer
This communication is for informational purposes only and is
neither an offer to purchase, nor a solicitation of an offer to
sell, subscribe for or buy any securities or the solicitation of
any vote in any jurisdiction pursuant to the proposed transactions
or otherwise, nor shall there be any sale, issuance or transfer or
securities in any jurisdiction in contravention of applicable
law. No offer of securities shall be made except by means of a
prospectus meeting the requirements of Section 10 of the
Securities Act of 1933, as amended, and applicable regulations in
the Netherlands and Cayman Islands.
About Playa Hotels & Resorts
Playa Hotels & Resorts B.V. is a leading owner, operator and
developer of all-inclusive resorts in prime beachfront locations in
popular vacation destinations in Mexico and the Caribbean. Playa
owns a portfolio consisting of 13 resorts (6,142 rooms) located in
Mexico, the Dominican Republic, and Jamaica. Playa owns and manages
Hyatt Zilara and Hyatt Ziva Cancun, Hyatt Ziva and Hyatt Zilara
Rose Hall Jamaica, Hyatt Ziva Puerto Vallarta, and Hyatt Ziva Los
Cabos. The company also owns and operates three resorts under
Playa's brands, THE Royal and Gran, as well as five resorts in
Mexico and the Dominican Republic that are managed by a third
party.
About Pace Holdings
Pace was formed with the purpose of acquiring a company that
would be better suited to generate strong returns in the public
markets while benefiting from the broader operational knowledge,
resources and private equity heritage of TPG. This transaction
builds on TPG's efforts to grow its private equity offering by
servicing different return profiles and product types.
View source
version on businesswire.com: http://www.businesswire.com/news/home/20161220005584/en/
Media:Pace Holdings Corp.Luke Barrett,
212-601-4752media@tpg.comorPlaya Hotels & ResortsKaren
Callahan,
954-801-7116KCallahan@PlayaResorts.comorInvestors:Pace
Holdings, 212-405-8458Pace@tpg.comorPlaya Hotels & ResortsRyan
Hymel, 571-529- 6113ir@playaresorts.com
Pace Holdings Corp. - Class A Ordinary Shares (MM) (NASDAQ:PACE)
過去 株価チャート
から 12 2024 まで 1 2025
Pace Holdings Corp. - Class A Ordinary Shares (MM) (NASDAQ:PACE)
過去 株価チャート
から 1 2024 まで 1 2025
