In order to promote its planned merger with LiveVox Holdings, a cloud-based supplier of customer support and digital engagement technologies, Crescent Acquisition has filed an investor presentation with the SEC.
According to the terms of the deal, which were first revealed in January, the combined company will receive $25 million from a forward purchase agreement. It will also get $75 million from a group of institutional investors. There will also be an additional $250 million from Crescent’s trust account, assuming that there are no redemptions.
Parent firm Golden Gate Capital and LiveVox minority investors anticipate holding about 59 percent of the newly-public company following the deal. Once again, this assumes that there will be no redemptions.