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bleuacacia ltd *

bleuacacia ltd *

Jun 21, 2021 by sam.beattie

LIQUIDATION – 11/21/24 – LINK

  • The SPAC intends to liquidate as of the close of business on November 22, 2024.
    • The per-share redemption price will be approximately $11.10.

EXTENSION – 1/5/24 – LINK

  • The SPAC approved its extension from February 22, 2024 to November 22, 2024.
    • 928,553 shares were redeemed for $10.74/Share.
    • No contribution will be made into the trust account.
    • The SPAC also entered into additional non-redemption agreements for 150k shares and the non-redeemers will receive 45k shares of Class B founder shares.

SUBSEQUENT EVENT – 12/28/23 – LINK

  • The SPAC entered into a non-redemption agreement with several unaffiliated third parties in exchange for them agreeing not to redeem an aggregate of 384,929 shares.
    • The Sponsor will transfer 115,479 Class B shares to the non-redeeming shareholders.

EXTENSION – 5/19/23 – LINK

  • The SPAC approved the extension from May 22, 2023 to August 22, 2023, and to allow bleuacacia, without another shareholder vote, to elect to extend the Termination Date to consummate a business combination on a monthly basis for up to six times by an additional one month each time after the Articles Extension Date, by resolution of the board of directors, if requested by the Sponsor, and upon five days’ advance notice prior to the applicable Termination Date, until February 22, 2024.
    • 26,015,981 shares were redeemed at the meeting for $10.29 per share.
    • No contribution will be made into the trust account.

SUBSEQUENT EVENT – 5/17/23 – LINK

  • The SPAC entered into a non-redemption agreement with several unaffiliated third parties in exchange for them agreeing not to redeem an aggregate of 750,000 shares
    • The Sponsor will transfer 187,500 Class B shares to the non-redeeming shareholders

SUBSEQUENT EVENT – 5/16/23 – LINK

  • The SPAC entered into a non-redemption agreement with several unaffiliated third parties in exchange for them agreeing not to redeem an aggregate of 53,600 shares
    • The Sponsor will transfer 13,400 Class B shares to the non-redeeming shareholders

MANAGEMENT & BOARD

Executive Officers

Jide Zeitlin, 57
Co-Chairman of the Board and Co-Chief Executive Officer

Mr. Zeitlin served as the former Chairman and Chief Executive Officer of Tapestry, Inc., the S&P 500 and Fortune 500 luxury global retailer that is the parent company for the Coach, Kate Spade, and Stuart Weitzman brands. Mr. Zeitlin initiated and led a substantial strategic transformation of Tapestry, Inc. and, in addition to his role as CEO of Tapestry, Inc., also served as CEO of the Coach brand. Mr. Zeitlin was previously a partner at The Goldman Sachs Group, Inc., having risen to partner in their Mergers & Acquisitions Department, and was Global Chief Operating Officer of Goldman Sachs’ investment banking business. He served as a founding director and then as Chairman of the Nigeria Sovereign Investment Authority (“NSIA”) for two terms expiring in May 2021. NSIA is Nigeria’s sovereign wealth fund. For over two decades, Mr. Zeitlin has been an active member of numerous billion-dollar endowment and foundation investment committees. He has either been chairman or a member of investment committees at Amherst College, Doris Duke Charitable Foundation, Milton Academy, and Teach for America. He also served on the board of Affiliated Managers Group, a $600 billion publicly traded asset management company. Mr. Zeitlin received an A.B. from Amherst College and an MBA from Harvard Business School and is the Chairman Emeritus of Amherst College.

Lew Frankfort, 75
Co-Chairman of the Board and Co-Chief Executive Officer

Mr. Frankfort, is the former Chairman and Chief Executive Officer of Coach, Inc., the S&P 500 and Fortune 500 luxury global retailer that was later renamed Tapestry, Inc. During Mr. Frankfort’s time at the company (1979 to 2014, including CEO from 1985 to 2014), Coach, Inc.’s revenues grew from negligible levels in 1979 to in excess of $5 billion. The Coach brand is a well-known brand that is part of the American landscape. Mr. Frankfort is recognized as one of the most consequential global brand builders over the past 50 years. Mr. Frankfort is a co-founder of Benvolio Group, an investment firm that focuses on direct investing in early stage disruptive consumer-facing brands. Mr. Frankfort currently sits on the board of directors of Veronica Beard, We Company (which operates WeWork) and Mindbodygreen, among others. Mr. Frankfort received a BA from Hunter College and an MBA from Columbia Business School and sits on the Board of Overseers of Columbia Business School.

Charles McGuigan, 64
Chief Operating Officer, President and Director Nominee

Mr. McGuigan recently retired as Chief Operating Officer of L Brands, Inc., the S&P 500 and Fortune 500 fashion retailer, with revenues in excess of $10 billion. Mr. McGuigan has played a significant role in building brands such as Bath & Body Works, Victoria’s Secret, and Pink. Recognized as a strong leader and consensus builder, he has had considerable success focusing on the integration of the retail business unit strategy with operations and the critical role information technology plays as an enabler of business processes. During his 16 years at L Brands Mr. McGuigan has held the positions of CEO of Mast Global, President of Beauty Avenues, and CIO of L Brands. Prior to L Brands, Mr. McGuigan was Cap Gemini’s Consumer Products and Retail leader for the Americas, responsible for overall business strategy and operational execution. Mr. McGuigan received an MBA from the University of Ulster, Northern Ireland. In addition, he also holds a Diploma in Management Studies in Business Management.

Board of Directors

Thomas Northover, 32
Executive Director

Mr. Northover is the Chief Investment Officer of The Keffi Group Ltd., a New York based family office (“The Keffi Group”). Prior to joining The Keffi Group, Mr. Northover worked in the Financial Institutions Group of Lazard’s Financial Advisory business. Mr. Northover was a founding member of the investment team at Nigeria’s sovereign wealth fund, the NSIA. Mr. Northover was responsible for the investment of a significant portion of NSIA’s initial capital and the management of segregated funds for the Nigerian government. Prior to joining NSIA, Mr. Northover was seconded by the U.K. government to the Nigerian Presidency as an economist. Mr. Northover received a BSc in Philosophy.

Ibukun Awosika, 58
Director Nominee

Mrs. Awosika has an over 30 year career as an entrepreneur and board professional across a number of sectors in emerging markets including consumer and finance. From 2016 to 2021 Mrs. Awosika was the Chairman of First Bank of Nigeria, one of Nigeria’s oldest banks and one of Africa’s largest banks. Mrs. Awosika was the first woman to hold this role. Mrs. Awosika is the founder and CEO of the Chair Center Group which is a market leader in the office furniture sector in Nigeria. In addition, Mrs. Awosika is the Chairman of d-Light Inc, Digital Jewels Limited and House of Tara International, a pioneering African beauty business, and is a non-executive director of Cadbury Nigeria Plc, a subsidiary of Mondelez International. Mrs. Awosika was a founding director of the Nigeria Sovereign Investment Authority, Nigeria’s sovereign wealth fund.

Natara Holloway, 45
Director Nominee

Ms. Holloway has served in various positions at the National Football League (NFL) since 2004, initially serving as a Manager in the Internal Audit department, and currently serving as the Vice President of Business Operations and Strategy for Football Operations, a position that Ms. Holloway has held since April 2019. In this role, Ms. Holloway oversees football technology and innovation, administration and football pipeline development. Previously, Ms. Holloway served as the NFL’s Vice President of Brand, Marketing and Retail Development and as Vice President of Corporate Development – New Business. Prior to joining the NFL, Ms. Holloway served in the Controller’s Group at Exxon Mobil from June 1998 to February 2004. Ms. Holloway serves as audit committee chairman of the Board of Directors of Sports Entertainment Acquisition Corp, which announced on April 25, 2021 a business combination with Super Group, an online betting and gaming company. Ms. Holloway earned a bachelor’s degree in Accounting from the University of Houston.

 

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