Haymaker Acquisition Corp. (“Haymaker”) is a $330 million special purpose acquisition company formed for the purpose of effecting a merger, capital stock exchange, asset acquisition, stock purchase, reorganization or similar business combination with one or more businesses. Haymaker intends to acquire and operate a business in the consumer and consumer-related products and services, retail, media and hospitality industries and believe our management team is well suited to identify opportunities that have the potential to generate attractive risk-adjusted returns for our stockholders. However, we are not limited to these industries and we may pursue a business combination opportunity in any business or industry we choose and we may pursue a company with operations or opportunities outside of the United States. Our executives are experienced at recognizing and quantifying the value of brands, and creating strategies to reposition those brands so that they reach their full market potential. Not only does our management team bring a combination of operating, investing, financial and transaction experience, but also has worked together for over a decade, creating value for shareholders.

Our management team is led by Steven J. Heyer, our Chief Executive Officer and Executive Chairman, and Andrew R. Heyer, our President and Steven Heyer’s brother. Messrs. Heyer’s and Heyer’s careers have centered on identifying and implementing value creation initiatives within the aforementioned industries. They have combined 70+ year careers in these industries by relying on what we believe to be tried-and-true management strategies: cost management and productivity enhancement, and reinvesting the savings behind product innovation, marketing, channel development, and brand building.

 

Ideal Attributes of a Haymaker SPAC Target

  • Size: $750 million +
    • Public equity investors prefer larger, more liquid companies
    • Dilution from SPAC sponsor is less dilutive on a percentage basis when spread across a larger pro forma equity business
  • Target Shareholders Rolling Equity
    • Minimizes necessity debt and PIPE equity
    • Positive signal to market when existing holders, who know the company best, look to stay invested
    • Flexible as to minority or majority stakes
  • Growth
    • Companies with strong growth prospects or platform to build-on
    • Our team brings experience and resources (not just capital) to identify and implement value creation initiatives
  • Valuation
    • Equivalent to a public markets exit without the cost, timing and risk of an IPO
    • Same valuation validation as an IPO due to SPAC shareholder approval mechanism, but faster and more accurate feedback
  • Appropriate Leverage
    • We would seek pro forma leverage levels in line with the ability to service debt and execute growth and optimization plans and appropriate to public companies in industry
    • Focus on operations, value creating extensions and initiatives, not on financial engineering
  • Strong Management Team
    • Preferably a strong management team that is already in place
    • We can supplement existing management with a vast network of executives at any level

Forward Looking Statements:

This website includes “forward-looking statements” within the meaning of the “safe harbor” provisions of the United States Private Securities Litigation Reform Act of 1995. Forward-looking statements may be identified by the use of words such as “forecast,” “intend,” “seek,” “target,” “anticipate,” “believe,” “will,” “expect,” “estimate,” “plan,” “outlook,” and “project” and other similar expressions that predict or indicate future events or trends or that are not statements of historical matters. Such forward-looking statements include statements about our beliefs and expectations and the estimated financial information and other projections contained herein. Such forward-looking statements with respect to revenues, earnings, performance, strategies, prospects and other aspects of the businesses of OSW, Haymaker or the combined company after completion of the Business Combination are based on current expectations that are subject to risks and uncertainties. A number of factors could cause actual results or outcomes to differ materially from those expressed or implied by such forward-looking statements. These factors include, but are not limited to: (1) the occurrence of any event, change or other circumstances that could give rise to the termination of negotiations and any subsequent definitive agreements with respect to the Business Combination; (2) the possibility that the terms and conditions set forth in any definitive agreements with respect to the Business Combination may differ materially from the terms and conditions set forth in the Term Sheet; (3) the outcome of any legal proceedings that may be instituted against Haymaker, the combined company or others following the announcement of the Business Combination and any definitive agreements with respect thereto; (4) the inability to complete the Business Combination due to the failure to obtain approval of the stockholders of Haymaker, to obtain financing to complete the Business Combination or to satisfy other conditions to closing in the Term Sheet and subsequent definitive agreements with respect to the Business Combination; (5) changes to the proposed structure of the Business Combination that may be required or appropriate as a result of applicable laws or regulations or as a condition to obtaining regulatory approval of the Business Combination; (6) the ability to meet NASDAQ’s listing standards following the consummation of the Business Combination; (7) the risk that the Business Combination disrupts current plans and operations of OSW as a result of the announcement and consummation of the Business Combination; (9) the ability to recognize the anticipated benefits of the Business Combination, which may be affected by, among other things, competition, the ability of the combined company to grow and manage growth profitably, maintain relationships with customers, cruise operators, hotels and suppliers, obtain adequate supply of products and retain its management and key employees; (8) costs related to the Business Combination; (10) changes in applicable laws or regulations; (11) the possibility that OSW or the combined company may be adversely affected by other economic, business, and/or competitive factors; (12) OSW estimates of expenses and profitability; (13) the impact of foreign currency exchange rates and interest rate fluctuations on the results of OSW or the combined company; and (14) other risks and uncertainties indicated from time to time in the final prospectus of Haymaker, including those under “Risk Factors” therein, and other documents filed or to be filed with the Securities and Exchange Commission (“SEC”) by Haymaker. You are cautioned not to place undue reliance upon any forward-looking statements, which speak only as of the date made. OSW and Haymaker undertake no commitment to update or revise the forward-looking statements, whether as a result of new information, future events or otherwise, except as required by law.

 

No Offer or Solicitation:

The information on this website shall not constitute a solicitation of a proxy, consent or authorization with respect to any securities or in respect of the proposed transaction. The information on this website shall also not constitute an offer to sell or the solicitation of an offer to buy any securities, nor shall there be any sale of securities in any states or jurisdictions in which such offer, solicitation or sale would be unlawful prior to registration or qualification under the securities laws of any such jurisdiction. No offering of securities shall be made except by means of a prospectus meeting the requirements of section 10 of the Securities Act of 1933, as amended.

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