Tastemaker intends to merger with a business in the restaurant, hospitality or related technology and services sectors. However, we may decide to enter into our initial business combination with a merger partner that does not meet the target sectors and we may pursue a company with operations or opportunities outside of the United States.

Our team has decades of experience operating, growing, selling and investing in leading restaurant and related businesses. We are focused on merging with a growth-oriented business where our unique operating and investing experience will enable us to implement value creation initiatives and support the company through its next phase of growth in the public marketplace. We have identified the following general criteria that we believe are important in evaluating prospective merger partners. These criteria and attributes are not intended to be exhaustive.

Ideal Attributes of a Tastemaker Merger Partner

  • Size: $500 million – $1 billion +
    • Public equity investors prefer larger, more liquid companies
    • SPAC founder shares are less dilutive on a percentage basis when spread across a larger business
  • Business Characteristics
    • Market leadership position
    • Differentiated product
    • Strong fundamentals and unit economics
    • Resiliency through economic cycles
  • Growth
    • Companies with strong growth prospects
    • We bring operational expertise and resources to create value creation initiatives and accelerate growth
  • Valuation
    • Equivalent to a public markets exit, but with greater speed, price certainty and less distraction than a traditional IPO
    • Same valuation validation as an IPO, but quicker and more accurate feedback
  • Appropriate leverage
    • We would consider conservative leverage levels that would not impede growth objectives and in line with public company peers
    • Our operationally oriented team is focused on creating initiatives to strategically grow the business and drive considerable value in the public markets and not on financial engineering
  • Strong Management Team
    • Led by a visionary team that is already in place
    • We can supplement existing team with our extensive network of executives
  • Sellers Rolling Equity
    • Minimizes need for debt and PIPE equity
    • Positive signal to market when existing holders, who know the company best, have “skin in the game”
    • Flexible structure to accommodate sellers’ desire to maintain minority or majority stakes

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 Tastemaker 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. Please refer to the final prospectus of Tastemaker under “Risk Factors” therein, and other documents filed or to be filed with the Securities and Exchange Commission (“SEC”) by Tastemaker. You are cautioned not to place undue reliance upon any forward-looking statements, which speak only as of the date made. Tastemaker undertakes 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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