Crescent Acquisition filed an investor presentation with the SEC, promoting its proposed merger with LiveVox Holdings, a cloud-based provider of customer service and digital engagement tools.
Announced in January, terms of the transaction call for the combined entity to receive approximately $250 million from Crescent’s trust account, assuming no redemptions, as well as a $75 million PIPE from a group of institutional investors and $25 million from a forward purchase agreement entered into by Crescent Capital Group Holdings. Upon completion of the transaction and assuming no redemptions, parent company Golden Gate Capital and various current minority owners of LiveVox expect to hold approximately 59 percent of the newly public company.
Crescent shareholders vote on the deal June 16.
If approved, LiveVox Holdings common stock, units and warrants will list on the Nasdaq under LVOX, LVOXU and LVOXW, respectively. Read more.
