Terrapin 3 Acquisition Corporation

announcedU=S+W/2W=S@11.50
0001608298SEC EDGARCIK: 0001608298|Macquarie Group Limited•Online Travel Services

Capital Structure & Economics

Trust Size$185,000,000
Unit Price$10.00
Warrant Coverage1/2
Sponsor Promote20%

Implied Equity Architecture

Capital Allocation Baseline

Trust (100.0%)

Implied Dilution Drag

50% Warrant Inclusion
Public Trust Allocation$185,000,000
Sponsor At-Risk CapitalN/A
Total Underwriting DiscountN/A
Trust Per Unit (Implied)$10.00
Sponsor Promote Allocation20%
Deal Lifecycle
IPO PricedJun 23, 2014
Target AnnouncedJul 13, 2016
Maturation Wall
N/A

Announced Target / M&A

  • Target CompanyYatra Online, Inc.
  • SectorOnline Travel Services
  • Announced Deal Size$218,000,000
  • Announcement Date2016-07-13

Board & Officers

Advanced Structuring Terms

Target SectorsOnline Travel Services

Syndicate & Advisors

Interactive Deal Modeling

Base financial constraints (Trust Size, Warrants, Promote) are pre-loaded into the calculation engines. Proceed to model implied dilution and advisory friction limits.

Dilution Cash Friction