{
  "docId": "019de06f-cbb1-70ff-b104-a90138273f97",
  "docSlug": "c9ebfffa7d05837c2a472c90283a7892",
  "documentTitle": "Perella Weinberg Partners | Investment Banking Pitch Book | 25 slides",
  "authorId": "perella-weinberg-partners",
  "authorName": "Perella Weinberg Partners",
  "documentKindSlug": "consulting-deck",
  "documentKindLabel": "Consulting deck",
  "sourceTypeSlug": "investment_bank",
  "sourceTypeLabel": "Investment bank",
  "presentationDate": "2019-03-01 00:00:00",
  "orientation": "landscape",
  "aspectRatio": 1.2938006,
  "pageNumber": 2,
  "pageCount": 25,
  "prevPage": 1,
  "nextPage": 3,
  "slideType": "situation_overview",
  "function": "establish_context",
  "density": "overcrowded",
  "nDataPoints": 0,
  "notes": null,
  "elementsJson": null,
  "metadataConfidence": 1,
  "imagePath": null,
  "slideHref": "/slides/019de06f-cbb1-70ff-b104-a90138273f97/2",
  "deckHref": "/decks/019de06f-cbb1-70ff-b104-a90138273f97",
  "deckJsonHref": "/decks/019de06f-cbb1-70ff-b104-a90138273f97.json",
  "deckAnchorHref": "/decks/019de06f-cbb1-70ff-b104-a90138273f97#slide-2",
  "components": [
    {
      "bbox": {
        "h": 0.02,
        "w": 0.44,
        "x": 0.28,
        "y": 0.015
      },
      "kind": "disclaimer",
      "text": "Preliminary Confidential Draft - Not for Reliance; Subject to Change and Further Review",
      "attrs": null,
      "subkind": null,
      "toolName": null,
      "toolSlug": null,
      "confidence": null,
      "componentId": "3ab0aa42-1579-4103-910a-8c06d7453756",
      "frameworkName": null,
      "frameworkSlug": null
    },
    {
      "bbox": {
        "h": 0.08,
        "w": 0.87,
        "x": 0.08,
        "y": 0.29
      },
      "kind": "list",
      "text": "Parties agreed on a high-level construct of an upfront transaction involving a majority of the economics (\"Initial Transaction\") paired with a back-end liquidity mechanism, and that Oslo should continue operating as an independent company post-closing",
      "attrs": null,
      "subkind": "bullet",
      "toolName": null,
      "toolSlug": null,
      "confidence": null,
      "componentId": "06e8dd7d-2d7e-40f0-a1b0-a63c248b8879",
      "frameworkName": null,
      "frameworkSlug": null
    },
    {
      "bbox": {
        "h": 0.12,
        "w": 0.91,
        "x": 0.046,
        "y": 0.17
      },
      "kind": "list",
      "text": "Oslo CIO and Berlin CEO held an initial meeting in October 2018 to discuss a potential transaction. Further meetings between principals took place in November 2018 centering around transaction principles and high-level structure.",
      "attrs": null,
      "subkind": "bullet",
      "toolName": null,
      "toolSlug": null,
      "confidence": null,
      "componentId": "374592fe-4d6f-49be-8ee9-bb43c749bee4",
      "frameworkName": null,
      "frameworkSlug": null
    },
    {
      "bbox": {
        "h": 0.04,
        "w": 0.91,
        "x": 0.046,
        "y": 0.66
      },
      "kind": "list",
      "text": "Parties reached an understanding on key economic terms of the back-end liquidity mechanism over the last weekend, key aspects of the Initial Transaction were negotiated by the Special Committee earlier this week",
      "attrs": null,
      "subkind": "bullet",
      "toolName": null,
      "toolSlug": null,
      "confidence": null,
      "componentId": "43674e91-3bce-456d-af52-f422d4287e2d",
      "frameworkName": null,
      "frameworkSlug": null
    },
    {
      "bbox": {
        "h": 0.08,
        "w": 0.91,
        "x": 0.046,
        "y": 0.38
      },
      "kind": "list",
      "text": "In November 2018, Berlin submitted an initial set of parameters for the proposed back-end liquidity mechanism, and in December 2018, Berlin submitted the first comprehensive proposal, including an offer price for the Initial Transaction",
      "attrs": null,
      "subkind": "bullet",
      "toolName": null,
      "toolSlug": null,
      "confidence": null,
      "componentId": "6387c874-bb47-48be-ba1c-cd41649524b9",
      "frameworkName": null,
      "frameworkSlug": null
    },
    {
      "bbox": {
        "h": 0.04,
        "w": 0.91,
        "x": 0.046,
        "y": 0.6
      },
      "kind": "list",
      "text": "In February 2019, the Special Committee, with its own legal and financial advisors, engaged with Berlin to independently consider and negotiate the terms of the Initial Transaction",
      "attrs": null,
      "subkind": "bullet",
      "toolName": null,
      "toolSlug": null,
      "confidence": null,
      "componentId": "867cf72a-c3c2-42c2-978c-42613bafce3d",
      "frameworkName": null,
      "frameworkSlug": null
    },
    {
      "bbox": {
        "h": 0.06,
        "w": 0.91,
        "x": 0.046,
        "y": 0.47
      },
      "kind": "list",
      "text": "Members of the respective management teams met in person in early December 2018 and later in December had a videoconference session for management presentations; due diligence efforts have been ongoing since November 2018",
      "attrs": null,
      "subkind": "bullet",
      "toolName": null,
      "toolSlug": null,
      "confidence": null,
      "componentId": "89c4a7f7-4da5-4809-99a1-adf4744d48a0",
      "frameworkName": null,
      "frameworkSlug": null
    },
    {
      "bbox": {
        "h": 0.04,
        "w": 0.91,
        "x": 0.046,
        "y": 0.54
      },
      "kind": "list",
      "text": "In December 2018, Oslo formed the Special Committee of the Board of Directors to negotiate the price and terms of the Initial Transaction",
      "attrs": null,
      "subkind": "bullet",
      "toolName": null,
      "toolSlug": null,
      "confidence": null,
      "componentId": "a7cdf761-ccee-4d19-8596-c9e8d5dcb552",
      "frameworkName": null,
      "frameworkSlug": null
    },
    {
      "bbox": {
        "h": 0.03,
        "w": 0.31,
        "x": 0.046,
        "y": 0.085
      },
      "kind": "title",
      "text": "Background to the Transaction",
      "attrs": null,
      "subkind": "headline",
      "toolName": null,
      "toolSlug": null,
      "confidence": null,
      "componentId": "3b40fb97-3c04-4da5-8397-78de50ef8665",
      "frameworkName": null,
      "frameworkSlug": null
    }
  ],
  "metrics": [],
  "tools": [],
  "frameworks": [],
  "arcBeats": [
    {
      "to": 4,
      "from": 2,
      "beatId": "11a97f26-559c-43b1-a7fc-4708d7ba3f88",
      "arcName": "The Consultant's Gambit",
      "arcSlug": "consultants-gambit",
      "beatName": "Situation & Context",
      "beatSlug": "consultants-gambit-situation-context",
      "evidence": "Background to the Transaction and Key Transaction Terms",
      "position": 0,
      "confidence": 0.8,
      "parentBeatName": "Setup",
      "parentBeatSlug": "setup"
    }
  ],
  "loops": [],
  "imagePathAlt": null,
  "thumbSrc": null,
  "thumbSrcAlt": null,
  "locked": true
}