RMG Acquisition Corp

http://www.rmginvestments.com/wp-content/uploads/2013/10/RMG_Logo.png

$230M Murse
February 8, 2019
24 Mo
February 12, 2021
RMG.U 1 Comm 1/3 Warrant
RMG
RMG.WS $11.5 Strike

Target Acquisition Size

$750 million –$2.5 billion

Target:

diversified resources and industrial materials sectors , which includes, among others, the chemicals, energy services and alternatives, environmental services, metals and power sectors that stands to benefit from our Management Team’s extensive experience and operating capabilities

  • Power generation services
  • Batteries & storage
  • Wind
  • Solar
  • Hydro
  • Gas-fired generation
  • Waste to energy
  • Chemicals
  • Environmental Services
  • Energy Services & Alternatives
  • Metals
  • Power
  • Specialty metals
  • Speciality applications, reuse, recycling and reclamation of:
    • Aluminium
    • Copper
    • Iron ore
    • Nickel
    • Tin
    • Zinc
  • Energy processing for chemical production
  • Oilfield services
  • Energy storage
  • Renewables
  • Energy technology
  • Midstream infrastructure
  • Specialty fluids & lubricants
  • Municipal solid waste management
  • Hazardous waste collection & disposal
  • Water and wastewater management
  • Oilfield waste management
  • Solid & liquid waste streams
  • Emissions control / air quality management
  • Selective recycling categories
  • CO2 reduction & mitigation
  • Adhesives & sealants
  • Plastic & coating additives
  • Coatings & surface treatment
  • Specialty films & packaging
  • Water treatment chemicals
  • Engineered plastics
  • Electronic chemicals & materials
  • Advanced polymers
  • Agricultural chemicals
D. James Carpenter
Chairman

D. James Carpenter has been our Chairman since inception. Mr. Carpenter is the Founder and has been a Senior Managing Director and Chief Executive Officer of Riverside Management Group, LLC (“Riverside”) for 22 years. Riverside is a merchant bank with approximately 40 senior professionals and advisors who have completed billions of dollars of transactions as advisors, principal investors and as management. From 2002 to 2004, Mr. Carpenter served as the CEO of Horsehead Industries (renamed American Zinc Recycling), one of the largest zinc recyclers and producers in the U.S. Mr. Carpenter was a founding investor and has served as a longtime advisor, and since 2016 has served as a board member of Allied Resource Corp, a clean water and clean energy company. He is a founder of Mohegan Energy where he led the capital formation for the acquisition of Met Resources, a company with over 40 million tons of steel making coal reserves. Mr. Carpenter earned his B.A. from Boston University in 1989. He also has FINRA Series 24, 63 and 79 licenses. Mr. Carpenter is well qualified to serve on our board due to his extensive management, investment banking, M&A advisory and investing experience.

Robert S. Mancini
Chief Executive Officer

Robert S. Mancini has been our Chief Executive Officer and a director since inception. From June 2018 to December 2018, Mr. Mancini served as a Senior Advisor to Carlyle Power Partners and was a Partner and a Managing Director with The Carlyle Group and head or co-head of Carlyle’s power investment business from December 2012 until June 2018. Prior to joining Carlyle, from June 1993 to December 2012 Mr. Mancini was an employee of Goldman Sachs & Co., and from November 1999 through December 2012 was a Managing Director at Goldman Sachs & Co. From December 2003 to December 2012, Mr. Mancini led or co-led Goldman Sach’s on-balance sheet power asset investment business. During that period Goldman Sachs conducted most of its power asset investment business through its wholly owned subsidiary, Cogentrix Energy LLC, where Mr. Mancini served in various capacities, including as the President, co-President and Chief Executive Officer and serving as a member of the board of directors. Mr. Mancini was instrumental in the formation of and Goldman’s entry into the power asset investment business in 2003 and he was also responsible for the creation of Goldman’s proprietary Commodities Principal Investment business in 2006, where he led investments on Goldman’s behalf in companies involved in the processing, production and logistics for a broad range of commodities including base, precious and specialty metals, oil, gas, coal and other energy related raw materials, as well as CO2 offsets and mitigation. Prior to 2003, Mr. Mancini was a member of the legal department where he eventually became the Deputy General Counsel of the Securities Division. During his tenure at Goldman, Mr. Mancini sat on several committees including the firm-wide Risk Committee, Operational Risk Committee, and Divisional Risk Committee, as well as several portfolio company boards. Prior to joining Goldman, Mr. Mancini spent nine years in private practice as a lawyer with Debevoise and Plimpton, where he established that firm’s derivatives practice. Mr. Mancini received his J.D. from New York University School of Law in 1984, where he was a member of Law Review, and received his B.A. degree from Binghamton University in 1980. Mr. Mancini is well qualified to serve on our Board due to his extensive investment experience in the power and broader commodities industries, his many years of management and leadership experience, as well as his service on several boards and committees throughout his career.

Philip Kassin
President and Chief Operating Officer

Philip Kassin has been our President and Chief Operating Officer and a director since inception. From August 2016 to October 2016, Mr. Kassin was a Managing Director and Head of M&A and Financing at M-III Partners and has over 35 years of experience as both an advisor and investor in public and private equity. At M-III Partners, he completed a $345 million SPAC transaction for M-III Acquisition Corp., successfully acquiring Infrastructure and Energy Alternatives (NASDAQ: IEA) from Oaktree Capital Management, and serving on its Board from March 2018 to September 2018. Prior to joining M-III Partners, Mr. Kassin was a Senior Managing Director at Evercore from July 2010 to April 2016, specializing in chemicals and energy. Prior to Evercore, from September 2005 to July 2010, Mr. Kassin was the Head of M&A and Financing for Access Industries, a privately held industrial group which focused on natural resources and chemicals, media and telecommunications, technology and e-commerce and real estate. Mr. Kassin also served as a Supervisory Board Member of Basell Polyolefins from 2005 to 2007 and as a Supervisory Board Member of LyondellBasell Industries from 2007 to 2010, where he also served as Chairman of the Finance and Investment Committee and Chairman of the Audit Committee. Earlier in his career, Mr. Kassin held senior investment banking roles at Morgan Stanley, Goldman Sachs, Merrill Lynch and AIG. He was also a Partner at PwC where he was responsible for its energy M&A consulting practice. Mr. Kassin started his career as a utilities analyst at Standard & Poor’s. Mr. Kassin earned an M.P.A. from the Maxwell School at Syracuse University and a B.A, in Policy Studies from Syracuse University. He also has FINRA Series 24, 63 and 79 Qualifications. Mr. Kassin is well-qualified to serve on our Board due to his extensive principal investment expertise in the diversified resources and industrial materials sectors, investment banking, M&A, capital markets and publicly listed company director experience.

. A significant outbreak of COVID-19 and other infectious diseases could result in a widespread healthcrisis that could adversely affect the economies and financial markets worldwide, and the business of any potential target business with which we consummate aBusiness Combination could be materially and adversely affected. Furthermore, we may be unable to complete a Business Combination if continued concernsrelating to COVID-19 restrict travel, limit the ability to have meetings with potential investors or the target company’s personnel, vendors and services providersare unavailable to negotiate and consummate a transaction in a timely manner. The extent to which COVID-19 impacts our search for a Business Combination willdepend on future developments, which are highly uncertain and cannot be predicted, including new information which may emerge concerning the severity ofCOVID-19 and the actions to contain COVID-19 or treat its impact, among others. If the disruptions posed by COVID-19 or other matters of global concerncontinue for an extensive period of time, our ability to consummate a Business Combination, or the operations of a target business with which we ultimately

In connection with our assessment of going concern considerations in accordance with Financial Accounting Standard Board’s Accounting Standards Updated(“ASU”) 2014-15, “Disclosure of Uncertainties about an Entity’s Ability to Continue as a Going Concern”, management has determined that the mandatoryliquidation and subsequent dissolution related to the Combination Period described above raises substantial doubt about our ability to continue as a going concern.No adjustments have been made to the carrying amounts of assets or liabilities should we be required to liquidate after February 12, 2021

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