Games & Esports Experience Acquisition Corp. *

Games & Esports Experience Acquisition Corp. *

Nov 8, 2021 by Anthony Sozzi

LIQUIDATION – 4/7/23 – LINK

  • The Company anticipates that the last day of trading in the Class A ordinary shares will be April 14, 2023.
    • The per-share redemption price will be approximately $10.53

EXTENSION – 3/6/23 – LINK

  • The SPAC approved the extension from March 7, 2023 to December 7, 2023
    • 13,639,848 shares were redeemed.
    • $140K per month will be deposited into the trust account.

MANAGEMENT & BOARD


Executive Officers

Ari Segal, 39
Chief Executive Officer and Director

Mr. Segal also serves as a Director of Gamers Club. As CEO, Mr. Segal led an aggressive M&A strategy, including IGC’s acquisition of the Brazilian gaming technology subscription platform and community hub Gamers Club, as well as the follow-on acquisition of the Draft5 content platform, a popular news and information site for competitive gamers in Brazil. In 2019 and 2020, IGC raised and deployed nearly $80 million in equity financing from investors including Meg Whitman, Anschutz Entertainment Group, the Milken family, Lionsgate, March Capital Partners, Steve Kaplan, and Irongrey, among others. The capital raised by IGC fueled growth initiatives including the expansion of Gamers Club and the acquisitions of assets such as a League of Legends franchise slot owned by Infinite Esports and Entertainment, the first esports industry transaction with an implied value exceeding $100 million according to Bloomberg1. Mr. Segal was also instrumental in the divestiture of the Houston Outlaws Overwatch League franchise to Beasley Media Group (Nasdaq: BBGI) and the divestitures of several other key assets, including a Call of Duty League franchise slot, the OpTic Gaming brand, and Obey Alliance influencer network. Prior to joining IGC in 2017, Mr. Segal worked as Chief Operating Officer of the National Hockey League’s NHL’s Arizona Coyotes, where he led the club to its highest revenue season to date in 2016-2017. Mr. Segal was also Special Assistant to the CEO of the Anaheim Ducks and President of Business Operations for the San Diego Gulls (the Ducks’ AHL affiliate) when Mr. Segal and the team were awarded the first ever AHL President’s Award for Business Excellence. Previously, Mr. Segal worked as a consultant in McKinsey & Co.’s global sports and gaming practice, in private equity at CCMP Capital Advisors, and in the Financial Sponsors banking group at Lehman Brothers, in private equity at CCMP Capital Advisors, and as a consultant in McKinsey & Co.’s global sports and gaming practice. In 2020, Mr. Segal was named to the Sports Business Journal and Leaders in Sports annual “Forty Under 40” lists. Mr. Segal holds a J.D. and M.B.A. from Stanford University, where he was named an Arjay Miller Scholar and a BA with Distinction from the University of Virginia.


Tomi Kovanen, 33
Chief Operating Officer and Director

Mr. Kovanen also serves as a director of Gamers Club. Mr. Kovanen joined IGC in 2018 as Vice President, Business Development/General Manager, CS:GO of IGC, and previously served as Vice President, Finance and Business Development and Senior Vice President, Finance and Business Development of IGC. Since joining IGC in 2018, Mr. Kovanen has focused on the execution of the firm’s aggressive M&A strategy, including the acquisition of the Brazilian gaming technology subscription platform and community hub Gamers Club as well as the follow-on acquisition of the Draft5 content platform. Mr. Kovanen was instrumental in additional acquisitions of assets such as a League of Legends franchise slot owned by Infinite Esports and Entertainment, the first esports industry transaction with an implied value exceeding $100 million according to Bloomberg1, and the following divestiture of the Houston Outlaws Overwatch League franchise to Beasley Media Group (Nasdaq: BBGI), as well as divestitures of several other key assets including a Call of Duty League franchise slot, OpTic Gaming brand, and Obey Alliance influencer network. Prior to joining IGC in 2018, Mr. Kovanen served in J.P. Morgan’s Healthcare and Technology, Media, and Telecommunications investment banking groups in London from 2015 to 2017, and co-founded ENCE, Finland’s largest esports organization. Mr. Kovanen has written articles on the esports industry that have been published by the Financial Times and ESPN that led to his nomination for Esports Journalist of the Year in 2017 by The Esports Awards. Mr. Kovanen was also a professional esports athlete, competing in over 100 tournaments globally from 2005 through 2012, winning multiple international championships as the captain of Finnish teams and a North American organization. Mr. Kovanen holds a B.S. from the University of Oulu.



Board of Directors

Margaret C. Whitman, 64
Director Nominee

Most recently, Ms. Whitman served as Chief Executive Officer for Quibi in 2020. Prior to joining Quibi, Ms. Whitman served as the Chief Executive Officer for Hewlett Packard Enterprise Company, or HPE, a multinational enterprise information technology company, and as its President and Chief Executive Officer from 2015 to June 2017. From 2014 to 2015, Ms. Whitman served as President, Chief Executive Officer, and Chairman for Hewlett-Packard Company (now known as HP Inc.), the former parent of Hewlett Packard Enterprise Company, and as its President and Chief Executive Officer from 2011 to 2015. Prior to joining HP Inc., Ms. Whitman was the Republican Party’s nominee for the 2010 gubernatorial race in California. From 1998 to 2008, Ms. Whitman served as President and Chief Executive Officer of eBay Inc., an online marketplace and payments company. Ms. Whitman previously served as a member of the board of directors for HP Inc., Hewlett Packard Enterprise Company, Dropbox, Inc. and DXC Technology Company and for a number of other public and private companies, including IGC. Ms. Whitman currently serves as the National Board Chair for Teach For America. Ms. Whitman holds an M.B.A. from Harvard Business School and an A.B. from Princeton University.


Steven A. Cohen, 58
Director Nominee

Mr. Cohen is involved with a number of the operating companies and investments within the Anschutz organization and sits on the board of directors of many of the Anschutz portfolio companies including Anschutz Entertainment Group, for which he also serves as Chief Strategy Officer since 2013, and IGC. Mr. Cohen also serves as a Managing Director of Anschutz Investment Company, the investment arm of The Anschutz Corporation that is focused on both equity and debt investments in a variety of industries, including communications, media, oil and gas, alternative energy, entertainment, hospitality and lodging, real estate and transportation. Mr. Cohen is Chairman of the Board of Trustees of the Rose Community Foundation, and serves on the Board of Trustees of Museum of Contemporary Art Denver (MCA Denver), the Board of Directors of Roundup River Ranch, a member of the SeriousFun Children’s Network, and the Board of Directors of 303 Rugby, a not-for-profit that supports rugby programs for inner-city youth, and is also a member of Colorado Thrives. Prior to working at The Anschutz Corporation, Mr. Cohen was a corporate partner at Hogan Lovells, and started his legal career at Skadden in their mergers and acquisitions group. Mr. Cohen holds a B.Sc. from The London School of Economics and Political Science and a J.D. from Boston University School of Law.


Jocelyn Moore, 46 [Appointed 6/8/22]
Director Nominee

She serves on the boards of directors of OppFi, a publicly-traded financial technology company (NYSE: OPFI); and Pallas Advisors, a strategic advisory firm specializing in national security, defense, and innovation. In October 2021, Ms. Moore was appointed by the Biden Administration to serve on the board of the First Responder Network Authority (FirstNet), a unique public-private partnership created after September 11th to provide a high-speed, nationwide, wireless broadband network for public safety. As Principal of Jocelyn Moore Consulting LLC starting in May 2020, Ms. Moore has advised CEOs, executive teams, and boards of directors on strategic communications, crisis and risk management, regulatory affairs, corporate social responsibility, operations, organizational change, and diversity, equity, inclusion, and belonging. Previously, from June 2018 until April 2020, Ms. Moore was Executive Vice President of Communications and Public Affairs at the National Football League (“NFL”). As the NFL’s Global Chief Communications Officer, she was a member of the executive leadership team and responsible for managing the league’s corporate affairs. From July 2016 to June 2018, Ms. Moore was Senior Vice President of Public Policy and Government Affairs at the NFL. As Head of the NFL’s Washington, D.C. office, she led the league’s public policy agenda and managed the league’s political action committee. Prior to joining the NFL, from September 2015 until July 2016, Ms. Moore served as a Managing Director of The Glover Park Group, a leading national communications and government affairs consulting firm. She also spent 15 years in various staff positions in the United States Senate, most recently as the Deputy Staff Director of the Senate Finance Committee. She serves as a director on several nonprofit boards: the West Virginia University Health System Board of Directors, where she is a member of the Quality & Patient Safety Committee; the University of Florida Foundation National Board of Directors, where she is as a member of the Audit and Nominating Committees; the University of Florida Alumni Association Board of Directors, where she is a member of the Executive Committee; and the DC Rape Crisis Center Board of Directors, where she is a member of the Fundraising Committee. Ms. Moore holds a B.A. in English and an M.Ed. in Student Personnel in Higher Education, both from the University of Florida.


Angela Williams, 41 [Appointed 6/8/22]
Director Nominee

Ms. Williams currently serves as the Privacy Product Strategy Lead for Extended Reality (XR) privacy strategy at Meta’s Reality Labs, a position she has held since November 2021. Ms. Williams has significant experience serving as a strategic partner, trusted advisor, and industry expert in user privacy, child safety, and building privacy programs that optimize the user experience. Previously, from November 2018 to December 2021, Ms. Williams served as a Policy Advisor at Google working on initiatives such as election integrity and Google Assistant. As a Policy Advisor, Ms. Williams drove alignment on policies that sought to improve the customer experience, reduce abuse in the ads ecosystem, and protect user trust. Ms. Williams regularly drives alignment around complex and nuanced technology policy issues with executives. From March 2016 through November 2018, Ms. Williams served as a Global Vendor Ops Strategy Lead at Google. A lawyer with expertise in operations, Ms. Williams also has experience driving sustainable scalability and revenue growth through her proven record of large portfolio management, expert negotiation of complex commercial deals, vendor outsourcing contracts, and sales agreements. Prior to her policy work at Google, she worked in operations at Google where she used her business and legal acumen to develop global vendor operations strategies, negotiate vendor agreements, and assess vendor capabilities against business needs. Ms. Williams regularly speaks to organizations about operational efficiencies, vendor outsourcing best practices, the intersection of technology policy and diversity, and leadership. Ms. Williams currently serves as an Advisor on the boards of: Deckstr and Chloe Kristyn. Ms. Williams is a graduate of Spelman College (BA, Sociology & Anthropology), University of Tennessee-Knoxville (JD), and Howard University (MBA) and also completed her international studies at Kanda University (Tokyo, JA) and Bocconi University (Milan, IT).