exeo") In June 2014. Deutsche Bank acted as the lead left bookrunner on WLRH's $50Ornm IPO, which is the largest post- financial crisis US SPAC Illustrative PF Valuation's' PF shares (mm) Total equity value PF net debt Pro-forma enterprise value Enterprise value / CY 2016E Adj. 824 5823.7 818 0 Si 641.7 8.3x