13 Feb 2017

Pace Holdings Corp. and Playa Hotels & Resorts B.V. A

Morrow Sodali

Playa Hotels & Resorts B.V. a leading owner, operator, and developer of premier all-inclusive resorts, announced that it has entered into a definitive business combination agreement with Pace Holdings Corp. (NASDAQ:PACE), a special-purpose acquisition company sponsored by an affiliate of TPG. The combined company will retain the Playa name and will be a publicly listed company with an anticipated initial enterprise value of approximately $1.75 billion. The transaction will be a catalyst to accelerate Playa’s growth strategy by providing $500 million of additional capital and access to the public markets to strengthen its balance sheet, pursue acquisitions, and enhance distribution — all furthering the company’s leading position in an emerging, high-growth sector.

Morrow Sodali is serving as the proxy solicitor for Pace Holdings Corp.


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