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  "documentTitle": "Lindblad | SPAC Presentation Deck | 37 slides",
  "authorId": "lindblad",
  "authorName": "Lindblad Expeditions",
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  "sourceTypeLabel": "Investment bank",
  "presentationDate": "2015-04-01 00:00:00",
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  "pageNumber": 27,
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  "density": "overcrowded",
  "nDataPoints": 18,
  "notes": "Includes detailed footnotes regarding share counts, debt, and ownership stakes.",
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  "slideHref": "/slides/019de50e-b3ca-7772-86a1-7cad9f0262cc/27",
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      "kind": "chart",
      "text": "POST-TRANSACTION OWNERSHIP: Sven-Olof Lindblad 29%, Other Management 8%, Other Current Lindblad Shareholders 12%, Lindblad-National Geographic Fund 1%, Capitol 50%",
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      "kind": "disclaimer",
      "text": "(1) Contribution will be in the form of 500,000 shares... (2) Fully diluted shares... (3) Includes incremental $5.5 million... (4) National Geographic has an option for a 5% stake...",
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      "text": "Pro Forma Firm Value of $442 million; Up to $110 million of cash projected to be available; Lindblad will order two new coastal vessels; Prior to closing, Lindblad expected to borrow $120 million; Founders to make $5 million contribution; Expected May 2015",
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      "kind": "table",
      "text": "Transaction Multiples: FV/ 2015E PF Adj. EBITDA 9.9x, FV/ 2016E PF Adj. EBITDA 8.7x",
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      "kind": "table",
      "text": "SOURCES & USES: Sources: Capitol Cash $200; Uses: Cash Consideration $90, New Ships/Working Capital $110",
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      "text": "IMPLIED FIRM VALUE: Shares Outstanding 47.8, Share Price $10.00, Equity Value $478, Less: Cash (156), Plus: Debt 120, Firm Value $442",
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      "text": "TRANSACTION OVERVIEW",
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