Tag Archives: Africa

KHC acquires 7% stake in Careem for $62M

RIYADH, Saudi Arabia, June 15, 2017 /PRNewswire/ — Kingdom Holding Company (KHC) chaired by HRH Prince Alwaleed Bin Talal Bin Abdulaziz Alsaud, acquired a 7% stake in Careem through a Secondary Share purchase as well as participating in the latest Primary Round E-1 Capital Raise amounting to a total transaction value of $62M. The transaction makes KHC one of the largest holders of Preferred Shares in Careem and will grant KHC a board seat on Careem’s board of directors.

KHC’s CEO Eng. Talal Ibrahim Al Maiman: “Our investment in Careem is a continuation of our strategy to invest in new technologies as we have done with our investments in Twitter, JD.com and Lyft. As the leading ride hailing company in the region, and positioned with excellent growth prospects, Careem sets an example for regional businesses by providing employment opportunities to locals and developing talent.”

Eng. Al Maiman continued: “KHC has nominated its current CFO Mohamed Fahmy Soliman to represent KHC on Careem’s board.”

Operating in more than 80 cities in the broader region, Careem’s growth trajectory has continued over the past six months: the ride-hailing service launched operations in Turkey, doubled its number of operational cities in Pakistan, is operational in more than 50 cities in KSA and has re-entered Abu Dhabi and Sharjah. In addition to expansion, a series of strategic innovations has seen Careem integrate with Google Maps and Digital Barriers – world leading facial recognition software and global surveillance, collaborate with Dubai-based regulator RTA to enable Dubai Taxi booking via the App, as well as extend its international reach through global ride-hailing sharing service Splyt by enabling users to seamlessly connect with platforms in Russia and China.

About Kingdom Holding Company :

Kingdom Holding Company (KHC) is one of the world’s foremost value investment firm that is internationally renowned for its interest in both high performance global brand and strategic regional interests. Based in Riyadh, Saudi Arabia, KHC is led by its Founder and Chairman, HRH Prince Alwaleed Bin Talal.  Founded in 1980 and publicly traded since 2007, KHC has achieved three decades of exceptional investment success and is renowned for its diversified portfolio of global powerhouse brands and high performance regional investments.

Although one of the largest foreign investors in the United States, KHC’s disciplined investment approach stretches around the globe and includes leading market segments such as mobility solutions, digital technology and social media (Lyft, JD.com, Twitter), media and entertainment (NewsCorp, 21st Century Fox, Euro Disney S.C.A., Time Warner), and finance (Citigroup).  KHC is also a global leader in luxury hotels and hospitality management with ownership or significant interests in marquee properties such as the George V in Paris, the Plaza Hotel in New York and London’s Savoy Hotel.  KHC’s global hotel brands include the Four Seasons, Fairmont Raffles, Movenpick, Swissotel and Accor. In Saudi Arabia, KHC’s real estate interests include the famed Kingdom Tower in Riyadh and the highly anticipated Jeddah Tower that once completed will be the tallest tower in the world with a height exceeding 1000 meters.  KHC also has investments in petrochemicals (Tasnee), education (Kingdom Schools), health care (Kingdom Hospital) and aviation (NAS Saudi Arabia).

For more information contact:
Kingdom Holding Company
+966-11-211-1111
www.KINGDOM.com.sa
Media@kingdom.com.sa
Twitter: @Kingdom_KHC

Photo – http://mma.prnewswire.com/media/523552/Kingdom_Holding_Company_Careem.jpg

Capitol Acquisition Corp. III to Combine with Cision

Combination to Provide a Public Currency and Financial Flexibility to Expand Cision’s Growth and Global Leadership in Media Communication Technology and Analytics

Combined Company to be Well Positioned to Capitalize on the Rising Importance of Earned Media with a First-of-its-Kind Cloud-Based Platform – the Cision Communications Cloud™

Investor Conference Call Scheduled for Monday, March 20th, at 11:00am EDT

CHICAGO and WASHINGTON, March 20, 2017 /PRNewswire/ — The parent company of Cision, a leading global provider of cloud-based earned media solutions, and Capitol Acquisition Corp. III (NASDAQ: CLAC; “Capitol”), a public investment vehicle, announced that they have entered into a definitive agreement in which Cision will become a publicly listed company with an anticipated initial enterprise value of approximately $2.4 billion.

Capitol Acquisition Corp III logo.

Cision delivers a sophisticated, easy-to-use platform for communicators to reach relevant media influencers and craft compelling campaigns that impact customer behavior. With rich monitoring and analytics, the Cision Communications Cloud™ arms brands with the insights they need to link their earned media to strategic business objectives, while aligning it with owned and paid channels.  This platform enables companies and brands to build consistent, meaningful and enduring relationships with influencers and buyers in order to amplify their marketplace influence.

Cision’s management team, led by CEO Kevin Akeroyd and CFO Jack Pearlstein, will continue to run the combined company post-transaction.  Capitol Chairman and CEO, Mark Ein, will join the combined company’s board of directors and serve as Vice Chairman.  Capitol’s President and CFO, Dyson Dryden, will also join the board.

“There is a shift in corporate marketing spend to the earned channel driven by its higher ROI and proven success in building brands and the declining efficacy of traditional paid media advertising,” said Mark Ein, Chairman and CEO of Capitol.  “We are investing in Cision, a market leader, to get behind this large, important trend and position the company for accelerated future growth.  We think the combined company will deliver superior returns for investors long into the future.”

The rise of marketing technology is driving increased investment in communications and PR.  According to Gartner Inc., marketing technology spend is expected to exceed spend on core enterprise IT by 2017 and is growing at a much faster rate (12% vs. 3%, respectively).  With the effectiveness of paid advertising declining, as evidenced by GlobalWebIndex research indicating that 60% of desktop users have used ad-blockers, marketing technology spend is shifting toward earned media channels. These tailwinds, coupled with strategic flexibility provided by the merger, will broaden Cision’s market opportunity beyond leadership in global communications intelligence software and services, a $3 billion industry according to Burton-Taylor International Consulting LLC, into the marketing software market, which IDC estimates will reach $32 billion by 2018, and ultimately into the broader digital marketing and data markets.

“This transaction reflects the significant progress Cision has made in its effort to build the most comprehensive media intelligence platform in the world,” said GTCR Managing Director Mark Anderson. “We look forward to Cision continuing to expand and accelerate its global leadership position as a public company with access to new sources of capital.”

Cision logo.

“We appreciate GTCR’s ongoing sponsorship, which has been instrumental in building the business, and with this transaction are thrilled to also partner with Capitol as we execute our vision for the company,” said CEO Kevin Akeroyd. “This transaction marks a key milestone for Cision. We are extremely well positioned to accelerate our growth following our acquisition of PR Newswire and the recent launch of the Cision Communications Cloud™ which enhanced our scale, comprehensive SaaS product set and global reach.”

“We are excited to partner with the Cision team as they execute on their platform growth strategy,” said Dyson Dryden, President and CFO of Capitol. “We believe Kevin’s prior experience at Oracle, where he built the Marketing Cloud business unit from a nascent stage into one of the largest Marketing and Ad Tech providers in the industry and Jack’s long successful track record, including serving as CFO of four previous GTCR companies, uniquely qualifies them to execute the company’s long-term growth plan.”

Summary of Transaction

Under the terms of the proposed transaction, the combination will be effected through a “contribution and exchange” pursuant to which Cision will be contributed to a wholly owned subsidiary of Capitol (“Holdings”) that will become a publicly traded entity following a subsequent merger of a subsidiary of Holdings into Capitol.  The combined company will have an anticipated initial enterprise value of approximately $2.4 billion implying a 10.5x multiple of projected 2017 Adjusted EBITDA and a multiple of 9.2x projected 2018 Adjusted EBITDA.

GTCR and current management are retaining 100% of their equity in the company.  At closing, current Cision shareholders and current stockholders of Capitol will hold approximately 68% and 32%, respectively, of the issued and outstanding shares of the new publicly traded company’s common stock, with GTCR remaining a majority owner.  A portion of the consideration to Cision’s shareholders will be in the form of incentive earnout shares totaling up to 6 million common shares, issued in 2 million increments when the combined company’s stock price reaches $13.00, $16.00 and $19.00 per share.

The net cash proceeds from this transaction are expected to be used to pay down Cision’s existing second lien debt.

The boards of directors of both Capitol and Cision have unanimously approved the proposed transaction. Completion of the transaction, which is expected in the second quarter of 2017, is subject to approval by Capitol stockholders and other customary closing conditions.

For additional information on the transaction, see Capitol’s Current Report on Form 8-K, which will be filed promptly and which can be obtained, without charge, at the Securities and Exchange Commission’s internet site (http://www.sec.gov).

Citigroup Global Markets Inc., Deutsche Bank Securities Inc. and Credit Suisse served as financial and capital markets advisors to Capitol.  PJT Partners served as financial advisor to Cision.  Latham & Watkins LLP and Graubard Miller acted as legal advisors to Capitol and Kirkland & Ellis LLP acted as legal advisor to Cision.

Additional Information and Where to Find It

Capitol intends to file a proxy statement, prospectus and other relevant documents with the Securities and Exchange Commission (“SEC”) to be used at its annual meeting of stockholders to approve the proposed transaction with Cision. The proxy statement will be mailed to stockholders as of a record date to be established for voting on the proposed business combination. INVESTORS AND SECURITY HOLDERS OF CAPITOL, CISION AND HOLDINGS ARE URGED TO READ THE PROXY STATEMENT, PROSPECTUS AND OTHER RELEVANT DOCUMENTS THAT WILL BE FILED WITH THE SEC CAREFULLY AND IN THEIR ENTIRETY WHEN THEY BECOME AVAILABLE BECAUSE THEY WILL CONTAIN IMPORTANT INFORMATION ABOUT THE PROPOSED TRANSACTION.  Investors and security holders will be able to obtain free copies of the proxy statement, prospectus and other documents containing important information about Capitol, Cision and Holdings once such documents are filed with the SEC, through the website maintained by the SEC at http://www.sec.gov.  Copies of the documents filed with the SEC by Capitol and/or Cision when and if available, can be obtained free of charge on Capitol’s website at www.capitolacquisition.com or by directing a written request to Capitol Acquisition Corp. III, 509 7th Street NW, Washington D.C. 20004 or by emailing info@capitolacquisition.com; and/or on Cision’s website at www.cision.com or by directing a written request to Cision, 130 East Randolph St. 7th Floor, Chicago, IL 60601 or by emailing askcision@cision.com.

Participants in the Solicitation

Capitol, Cision, Holdings and their respective directors and executive officers, under SEC rules, may be deemed to be participants in the solicitation of proxies of Capitol’s stockholders in connection with the proposed transaction. Investors and security holders may obtain more detailed information regarding the names and interests in the proposed transaction of Capitol’s directors and officers in Capitol’s filings with the SEC, including Capitol’s Annual Report on Form 10-K for the fiscal year ended December 31, 2016, which was filed with the SEC on March 10, 2017.  Information regarding the persons who may, under SEC rules, be deemed participants in the solicitation of proxies to Capitol’s shareholders in connection with the proposed business combination will be set forth in the Registration Statement for the proposed business combination when available. Additional information regarding the interests of participants in the solicitation of proxies in connection with the proposed business combination will be included in the Registration Statement that Capitol intends to cause Holdings to file with the SEC.

No Offer or Solicitation

This communication shall neither 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 jurisdiction in which the offer, solicitation or sale would be unlawful prior to the registration or qualification under the securities laws of any such jurisdiction.

Conference Call Scheduled

Capitol will host a conference call to discuss the proposed business combination with the investment community on Monday, March 20th, at 11:00am EDT.  Investors may listen to the conference call by dialing (888) 317-6003 toll-free in the U.S. or (412) 317-6061 internationally and entering conference number 0376345.  The presentation slides will be available at www.capitolacquisition.com.  To access the replay, the domestic toll-free access number is (877) 344-7529 and participants should provide the conference number of 10103462.

About Cision
Cision is a leading media communication technology and analytics company that enables marketers and communicators to effectively manage their earned media programs in coordination with paid and owned channels to drive business impact.  As the creator of the Cision Communications Cloud™, the first-of-its-kind earned media cloud-based platform, Cision has combined cutting-edge data, analytics, technology and services into a unified communication ecosystem that brands can use to build consistent, meaningful and enduring relationships with influencers and buyers in order to amplify their marketplace influence.  Cision solutions also include market-leading media technologies such as PR Newswire, Gorkana, PRWeb, Help a Reporter Out (HARO) and iContact.  Cision serves over 75,000 customers in 170 countries and 40 languages worldwide, and maintains offices in North America, Europe, the Middle East, Asia, and Latin America. For more information, visit www.cision.com or follow @Cision on Twitter.

About Capitol Acquisition Corp. III
Capitol Acquisition Corp. III is a public investment vehicle formed for the purpose of effecting a merger, acquisition or similar business combination. Capitol is led by Chairman and Chief Executive Officer Mark D. Ein, and President and Chief Financial Officer L. Dyson Dryden. Capitol’s securities are quoted on the Nasdaq stock exchange under the ticker symbols CLAC, CLACW and CLACU. The company, which raised $325 million of cash proceeds in an initial public offering in October 2015, is Capitol’s third publicly traded investment vehicle. The first, Capitol Acquisition Corp., created Two Harbors Investment Corp. (NYSE: “TWO”), a leading mortgage real estate investment trust (REIT) and the second, Capitol Acquisition Corp. II, merged with Lindblad Expeditions, Inc. (NASDAQ: “LIND”), a global leader in expedition travel.

Forward Looking Statements

This press release includes “forward looking statements” within the meaning of the “safe harbor” provisions of the United States Private Securities Litigation Reform Act of 1995. When used in this press release, the words “estimates,” “projected,” “expects,” “anticipates,” “forecasts,” “plans,” “intends,” “believes,” “seeks,” “may,” “will,” “should,” “future,” “propose” and variations of these words or similar expressions (or the negative versions of such words or expressions) are intended to identify forward-looking statements. These forward-looking statements are not guarantees of future performance, conditions or results, and involve a number of known and unknown risks, uncertainties, assumptions and other important factors, many of which are outside Capitol’s or Cision’s management’s control, that could cause actual results or outcomes to differ materially from those discussed in the forward-looking statements. Important factors, among others, that may affect actual results or outcomes include:  the inability to complete the transactions contemplated by the proposed business combination; the inability to recognize the anticipated benefits of the proposed business combination, which may be affected by, among other things, the amount of cash available following any redemptions by Capitol stockholders; the ability to meet NASDAQ’s listing standards following the consummation of the transactions contemplated by the proposed business combination; costs related to the proposed business combination; Cision’s ability to execute on its plans to develop and market new products and the timing of these development programs; Cision’s estimates of the size of the markets for its solutions; the rate and degree of market acceptance of Cision’s solutions; the success of other competing technologies that may become available; Cision’s ability to identify and integrate acquisitions; the performance and security of Cision’s services; potential litigation involving Capitol or Cision; and general economic and market conditions impacting demand for Cision’s services.  Other factors include the possibility that the proposed transaction does not close, including due to the failure to receive required security holder approvals, or the failure of other closing conditions. Neither Capitol nor Cision undertake any obligation to update or revise any forward-looking statements, whether as a result of new information, future events or otherwise, except as required by law.

Contact:

Stacey Miller
Director, Communications
+1 (301) 683-6038
stacey.miller@cision.com

Logo – http://mma.prnewswire.com/media/479488/Capitol_Acquisition_Corp_III_Logo.jpg

Logo – https://mma.prnewswire.com/media/479489/Cision_Logo.jpg

Capitol Acquisition Corp. III to Combine with Cision

Combination to Provide a Public Currency and Financial Flexibility to Expand Cision’s Growth and Global Leadership in Media Communication Technology and Analytics

Combined Company to be Well Positioned to Capitalize on the Rising Importance of Earned Media with a First-of-its-Kind Cloud-Based Platform – the Cision Communications Cloud™

Investor Conference Call Scheduled for Monday, March 20th, at 11:00am EDT

CHICAGO and WASHINGTON, March 20, 2017 /PRNewswire/ — The parent company of Cision, a leading global provider of cloud-based earned media solutions, and Capitol Acquisition Corp. III (NASDAQ: CLAC; “Capitol”), a public investment vehicle, announced that they have entered into a definitive agreement in which Cision will become a publicly listed company with an anticipated initial enterprise value of approximately $2.4 billion.

Capitol Acquisition Corp III logo.

Cision delivers a sophisticated, easy-to-use platform for communicators to reach relevant media influencers and craft compelling campaigns that impact customer behavior. With rich monitoring and analytics, the Cision Communications Cloud™ arms brands with the insights they need to link their earned media to strategic business objectives, while aligning it with owned and paid channels.  This platform enables companies and brands to build consistent, meaningful and enduring relationships with influencers and buyers in order to amplify their marketplace influence.

Cision’s management team, led by CEO Kevin Akeroyd and CFO Jack Pearlstein, will continue to run the combined company post-transaction.  Capitol Chairman and CEO, Mark Ein, will join the combined company’s board of directors and serve as Vice Chairman.  Capitol’s President and CFO, Dyson Dryden, will also join the board.

“There is a shift in corporate marketing spend to the earned channel driven by its higher ROI and proven success in building brands and the declining efficacy of traditional paid media advertising,” said Mark Ein, Chairman and CEO of Capitol.  “We are investing in Cision, a market leader, to get behind this large, important trend and position the company for accelerated future growth.  We think the combined company will deliver superior returns for investors long into the future.”

The rise of marketing technology is driving increased investment in communications and PR.  According to Gartner Inc., marketing technology spend is expected to exceed spend on core enterprise IT by 2017 and is growing at a much faster rate (12% vs. 3%, respectively).  With the effectiveness of paid advertising declining, as evidenced by GlobalWebIndex research indicating that 60% of desktop users have used ad-blockers, marketing technology spend is shifting toward earned media channels. These tailwinds, coupled with strategic flexibility provided by the merger, will broaden Cision’s market opportunity beyond leadership in global communications intelligence software and services, a $3 billion industry according to Burton-Taylor International Consulting LLC, into the marketing software market, which IDC estimates will reach $32 billion by 2018, and ultimately into the broader digital marketing and data markets.

“This transaction reflects the significant progress Cision has made in its effort to build the most comprehensive media intelligence platform in the world,” said GTCR Managing Director Mark Anderson. “We look forward to Cision continuing to expand and accelerate its global leadership position as a public company with access to new sources of capital.”

Cision logo.

“We appreciate GTCR’s ongoing sponsorship, which has been instrumental in building the business, and with this transaction are thrilled to also partner with Capitol as we execute our vision for the company,” said CEO Kevin Akeroyd. “This transaction marks a key milestone for Cision. We are extremely well positioned to accelerate our growth following our acquisition of PR Newswire and the recent launch of the Cision Communications Cloud™ which enhanced our scale, comprehensive SaaS product set and global reach.”

“We are excited to partner with the Cision team as they execute on their platform growth strategy,” said Dyson Dryden, President and CFO of Capitol. “We believe Kevin’s prior experience at Oracle, where he built the Marketing Cloud business unit from a nascent stage into one of the largest Marketing and Ad Tech providers in the industry and Jack’s long successful track record, including serving as CFO of four previous GTCR companies, uniquely qualifies them to execute the company’s long-term growth plan.”

Summary of Transaction

Under the terms of the proposed transaction, the combination will be effected through a “contribution and exchange” pursuant to which Cision will be contributed to a wholly owned subsidiary of Capitol (“Holdings”) that will become a publicly traded entity following a subsequent merger of a subsidiary of Holdings into Capitol.  The combined company will have an anticipated initial enterprise value of approximately $2.4 billion implying a 10.5x multiple of projected 2017 Adjusted EBITDA and a multiple of 9.2x projected 2018 Adjusted EBITDA.

GTCR and current management are retaining 100% of their equity in the company.  At closing, current Cision shareholders and current stockholders of Capitol will hold approximately 68% and 32%, respectively, of the issued and outstanding shares of the new publicly traded company’s common stock, with GTCR remaining a majority owner.  A portion of the consideration to Cision’s shareholders will be in the form of incentive earnout shares totaling up to 6 million common shares, issued in 2 million increments when the combined company’s stock price reaches $13.00, $16.00 and $19.00 per share.

The net cash proceeds from this transaction are expected to be used to pay down Cision’s existing second lien debt.

The boards of directors of both Capitol and Cision have unanimously approved the proposed transaction. Completion of the transaction, which is expected in the second quarter of 2017, is subject to approval by Capitol stockholders and other customary closing conditions.

For additional information on the transaction, see Capitol’s Current Report on Form 8-K, which will be filed promptly and which can be obtained, without charge, at the Securities and Exchange Commission’s internet site (http://www.sec.gov).

Citigroup Global Markets Inc., Deutsche Bank Securities Inc. and Credit Suisse served as financial and capital markets advisors to Capitol.  PJT Partners served as financial advisor to Cision.  Latham & Watkins LLP and Graubard Miller acted as legal advisors to Capitol and Kirkland & Ellis LLP acted as legal advisor to Cision.

Additional Information and Where to Find It

Capitol intends to file a proxy statement, prospectus and other relevant documents with the Securities and Exchange Commission (“SEC”) to be used at its annual meeting of stockholders to approve the proposed transaction with Cision. The proxy statement will be mailed to stockholders as of a record date to be established for voting on the proposed business combination. INVESTORS AND SECURITY HOLDERS OF CAPITOL, CISION AND HOLDINGS ARE URGED TO READ THE PROXY STATEMENT, PROSPECTUS AND OTHER RELEVANT DOCUMENTS THAT WILL BE FILED WITH THE SEC CAREFULLY AND IN THEIR ENTIRETY WHEN THEY BECOME AVAILABLE BECAUSE THEY WILL CONTAIN IMPORTANT INFORMATION ABOUT THE PROPOSED TRANSACTION.  Investors and security holders will be able to obtain free copies of the proxy statement, prospectus and other documents containing important information about Capitol, Cision and Holdings once such documents are filed with the SEC, through the website maintained by the SEC at http://www.sec.gov.  Copies of the documents filed with the SEC by Capitol and/or Cision when and if available, can be obtained free of charge on Capitol’s website at www.capitolacquisition.com or by directing a written request to Capitol Acquisition Corp. III, 509 7th Street NW, Washington D.C. 20004 or by emailing info@capitolacquisition.com; and/or on Cision’s website at www.cision.com or by directing a written request to Cision, 130 East Randolph St. 7th Floor, Chicago, IL 60601 or by emailing askcision@cision.com.

Participants in the Solicitation

Capitol, Cision, Holdings and their respective directors and executive officers, under SEC rules, may be deemed to be participants in the solicitation of proxies of Capitol’s stockholders in connection with the proposed transaction. Investors and security holders may obtain more detailed information regarding the names and interests in the proposed transaction of Capitol’s directors and officers in Capitol’s filings with the SEC, including Capitol’s Annual Report on Form 10-K for the fiscal year ended December 31, 2016, which was filed with the SEC on March 10, 2017.  Information regarding the persons who may, under SEC rules, be deemed participants in the solicitation of proxies to Capitol’s shareholders in connection with the proposed business combination will be set forth in the Registration Statement for the proposed business combination when available. Additional information regarding the interests of participants in the solicitation of proxies in connection with the proposed business combination will be included in the Registration Statement that Capitol intends to cause Holdings to file with the SEC.

No Offer or Solicitation

This communication shall neither 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 jurisdiction in which the offer, solicitation or sale would be unlawful prior to the registration or qualification under the securities laws of any such jurisdiction.

Conference Call Scheduled

Capitol will host a conference call to discuss the proposed business combination with the investment community on Monday, March 20th, at 11:00am EDT.  Investors may listen to the conference call by dialing (888) 317-6003 toll-free in the U.S. or (412) 317-6061 internationally and entering conference number 0376345.  The presentation slides will be available at www.capitolacquisition.com.  To access the replay, the domestic toll-free access number is (877) 344-7529 and participants should provide the conference number of 10103462.

About Cision
Cision is a leading media communication technology and analytics company that enables marketers and communicators to effectively manage their earned media programs in coordination with paid and owned channels to drive business impact.  As the creator of the Cision Communications Cloud™, the first-of-its-kind earned media cloud-based platform, Cision has combined cutting-edge data, analytics, technology and services into a unified communication ecosystem that brands can use to build consistent, meaningful and enduring relationships with influencers and buyers in order to amplify their marketplace influence.  Cision solutions also include market-leading media technologies such as PR Newswire, Gorkana, PRWeb, Help a Reporter Out (HARO) and iContact.  Cision serves over 75,000 customers in 170 countries and 40 languages worldwide, and maintains offices in North America, Europe, the Middle East, Asia, and Latin America. For more information, visit www.cision.com or follow @Cision on Twitter.

About Capitol Acquisition Corp. III
Capitol Acquisition Corp. III is a public investment vehicle formed for the purpose of effecting a merger, acquisition or similar business combination. Capitol is led by Chairman and Chief Executive Officer Mark D. Ein, and President and Chief Financial Officer L. Dyson Dryden. Capitol’s securities are quoted on the Nasdaq stock exchange under the ticker symbols CLAC, CLACW and CLACU. The company, which raised $325 million of cash proceeds in an initial public offering in October 2015, is Capitol’s third publicly traded investment vehicle. The first, Capitol Acquisition Corp., created Two Harbors Investment Corp. (NYSE: “TWO”), a leading mortgage real estate investment trust (REIT) and the second, Capitol Acquisition Corp. II, merged with Lindblad Expeditions, Inc. (NASDAQ: “LIND”), a global leader in expedition travel.

Forward Looking Statements

This press release includes “forward looking statements” within the meaning of the “safe harbor” provisions of the United States Private Securities Litigation Reform Act of 1995. When used in this press release, the words “estimates,” “projected,” “expects,” “anticipates,” “forecasts,” “plans,” “intends,” “believes,” “seeks,” “may,” “will,” “should,” “future,” “propose” and variations of these words or similar expressions (or the negative versions of such words or expressions) are intended to identify forward-looking statements. These forward-looking statements are not guarantees of future performance, conditions or results, and involve a number of known and unknown risks, uncertainties, assumptions and other important factors, many of which are outside Capitol’s or Cision’s management’s control, that could cause actual results or outcomes to differ materially from those discussed in the forward-looking statements. Important factors, among others, that may affect actual results or outcomes include:  the inability to complete the transactions contemplated by the proposed business combination; the inability to recognize the anticipated benefits of the proposed business combination, which may be affected by, among other things, the amount of cash available following any redemptions by Capitol stockholders; the ability to meet NASDAQ’s listing standards following the consummation of the transactions contemplated by the proposed business combination; costs related to the proposed business combination; Cision’s ability to execute on its plans to develop and market new products and the timing of these development programs; Cision’s estimates of the size of the markets for its solutions; the rate and degree of market acceptance of Cision’s solutions; the success of other competing technologies that may become available; Cision’s ability to identify and integrate acquisitions; the performance and security of Cision’s services; potential litigation involving Capitol or Cision; and general economic and market conditions impacting demand for Cision’s services.  Other factors include the possibility that the proposed transaction does not close, including due to the failure to receive required security holder approvals, or the failure of other closing conditions. Neither Capitol nor Cision undertake any obligation to update or revise any forward-looking statements, whether as a result of new information, future events or otherwise, except as required by law.

Contact:

Stacey Miller
Director, Communications
+1 (301) 683-6038
stacey.miller@cision.com

Logo – http://mma.prnewswire.com/media/479488/Capitol_Acquisition_Corp_III_Logo.jpg

Logo – https://mma.prnewswire.com/media/479489/Cision_Logo.jpg

Pepsi® Celebrates Moments Of Contagious Superfan Passion

IN THE SECOND YEAR OF ITS GLOBAL UEFA CHAMPIONS LEAGUE PARTNERSHIP, PEPSI REWARDS FANS AROUND THE WORLD WHO LIVE FOR THE MOMENT

PURCHASE, New York, Feb. 8, 2017 /PRNewswire/ — #PEPSIMOMENT – Throughout 2017, Pepsi® is celebrating life’s live for now moments. Moments when we decide to let go, choose to act, follow our passion and nothing holds us back. And there is no better live for now moment than the uninhibited moment of passion from a true football fan. In PepsiCo’s second year of its UEFA Champions League partnership, the Pepsi football campaign is the first iteration of the brand’s global “Moments” platform coming to life across its iconic trademark – with increased priority on the brand’s zero calorie offerings.

Experience the interactive Multimedia News Release here: http://www.multivu.com/players/English/8034651-pepsimoment-football/

Enlisting the help of all-star athletes to spark excitement in the lead up to the UEFA Champions League Final on June 3rd in Cardiff, Wales, Pepsi has named Sergio Agüero, Alexis Sánchez and Vincent Kompany to its global 2017 roster.

Brad Jakeman, President, Global Beverage Group, PepsiCo, said: “Throughout the year, Pepsi will celebrate a variety of moments – from the everyday good moments made great, to the truly epic like the UEFA Champions League Final. Pepsi is one of the most iconic supporters and longstanding fans of the world’s beautiful game, and this year we’re taking our global football campaign from the pitch to the stands – celebrating and igniting the contagious passion that comes to life in the fans around us, showing the world how much it means to live and love the game.”

Through a superfan anthem film titled “We Know How Much It Means,” Pepsi turns the focus to the fans themselves and the multitude of moments that stir our passions throughout a game of football – from the tension and banter of the pre-match build-up, through the rollercoaster of the match itself, to the eruption or heartbreak at the final whistle. Pepsi illustrates how these moments of passion are as relevant to a local kick about in a park among friends as they are to the glorious stadiums around the world.

The content-rich campaign will roll-out across nearly 75 countries to ignite, engage and spread fan passion from the knock-out rounds to the UEFA Champions League Final. In addition to the creative content, a disruptive design program fuels the fan rally cry appearing across packaging, out of home and in-store for the full Pepsi trademark of blue, black and silver offerings. Always-on exclusive content and sharable social media creative is amplified by a global partnership with the leading football fan authorities, Copa90 and Bleacher Report. The first-of-its-kind partnership will create unique online content with various fan creators around the globe for a truly authentic and fan-centric expression of football passion. Owning mobile moments, the content will live across Facebook, Instagram Stories and Snapchat. Additionally, a ticket giveaway will offer superfans the chance to pledge just how far they’d go to get their hands on a once-in-a-lifetime prize: tickets for the world’s biggest annual sporting event, the UEFA Champions League Final.

About PepsiCo
PepsiCo products are enjoyed by consumers one billion times a day in more than 200 countries and territories around the world. PepsiCo generated more than $63 billion in net revenue in 2015, driven by a complementary food and beverage portfolio that includes Frito-Lay, Gatorade, Pepsi-Cola, Quaker and Tropicana. PepsiCo’s product portfolio includes a wide range of enjoyable foods and beverages, including 22 brands that generate more than $1 billion each in estimated annual retail sales.

At the heart of PepsiCo is Performance with Purpose – our fundamental belief that the success of our company is inextricably linked to the sustainability of the world around us. We believe that continuously improving the products we sell, operating responsibly to protect our planet and empowering people around the world is what enables PepsiCo to run a successful global company that creates long-term value for society and our shareholders. For more information, visit www.pepsico.com.

About UEFA
UEFA – the Union of European Football Associations – is the governing body of European football. It is the umbrella organisation for 55 national football associations across Europe. Its objectives are to deal with all questions relating to European football, to promote football in a spirit of unity, solidarity, peace, understanding and fair play, without any discrimination on the part of politics, race, religion, gender or any other reason, to safeguard the values of European football, maintain relations with all stakeholders involved in European football, and support and safeguard its member associations for the overall well-being of the European game.

APR Energy Awarded LPG-Fired Project in U.S. Virgin Islands

Innovative plant features first TM2500+ turbine in commercial operation to run on LPG

JACKSONVILLE, Florida, Dec. 12, 2016 /PRNewswire/ — APR Energy, a global leader in fast-track power solutions, announces today that it has signed a 12-month contract with U.S. Virgin Islands Water and Power Authority (WAPA) to provide 25MW of power generation using liquid petroleum gas (LPG). The project features a retrofitted GE TM2500+ mobile gas turbine, the first ever to be commercially operated on LPG – a significant milestone that will provide customers access to a cheaper and cleaner-burning alternative to other conventional petroleum-based fuels.

APR Energy

Photo – http://photos.prnewswire.com/prnh/20161209/447572

The project is the latest in a string of business wins for APR Energy since being privatized at the beginning of the year, bringing the total of new awards, extensions and expansions in 2016 to more than 1GW. The project also is the company’s sixth award in the past year using mobile gas turbines.

“This first-of-its-kind project will enable the USVI to leverage its significant investment in LPG infrastructure by greatly reducing the cost and environmental impact of power generation,” said APR Energy Executive Chairman John Campion. “Experts are forecasting a 15-percent increase in the price of diesel fuel during the next two years, while LPG prices are expected to remain stable. Using LPG should provide WAPA with significant savings compared with diesel-powered reciprocating engines, which are common in the Caribbean.”

“The switch to the lower-cost and cleaner-burning LPG as the primary source of fuel in generating electricity in the Virgin Islands has been the single biggest capital project WAPA has undertaken in recent history,” said WAPA Executive Director and CEO Julio Rhymer, Sr. “We are excited about potentially providing lower rates for our customers and are pleased that with today’s contract signing APR Energy will be part of our energy solution in the Virgin Islands. For years now, WAPA has had a positive relationship with APR Energy, and we are pleased to work with them in becoming the world’s first electric utility to place an LPG-fired TM2500+ into commercial operation.”

Campion expects this project to serve as a model for other utilities looking to benefit quickly from LPG as an alternative, cheaper fuel source. “Interest in LPG is growing in many markets around the world, especially in the Caribbean and parts of Africa and Asia, where availability of the fuel has expanded significantly in the last few years,” Campion said. “The TM2500+ turbine is one of the few fast-track technologies capable of running on LPG, and it offers customers the added flexibility to switch quickly and seamlessly between fuels based on price and availability.”

The new project supplements APR Energy’s existing 25MW diesel-fuelled turbine plant installed in 2012 for WAPA, bringing its total generation at the site to 50MW.

About APR Energy

APR Energy is the world’s leading provider of fast-track mobile turbine power. Our fast, flexible and full-service power solutions provide customers with rapid access to reliable electricity when and where they need it, for as long as they need it. Combining state-of-the-art, fuel-efficient technology with industry-leading expertise, our scalable turnkey plants help run cities, countries and industries around the world, in both developed and developing markets. For more information, visit the Company’s website at www.aprenergy.com.

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Cellebrite Optimizes Forensic Triage Via Rapid and Controlled Extraction

Latest UFED InField release allows first responders and investigators to selectively extract live mobile forensics data in minutes, supporting multi-tier digital forensics investigative workflows and centralizing key management functions

MYRTLE BEACH, SOUTH CAROLINA–(Marketwired – Jun 7, 2016) –  Cellebrite, the leader in digital forensic extraction, decoding and analysis solutions, introduced an enhanced version of its UFED InField solution today at Mobile Forensics World. The new platform agnostic software solution delivers simplified, secure forensics data access and control while streamlining investigative workflows as part of a multi-tier forensic architecture. An intuitive user interface and new selective extraction capabilities make accessing specific live device data quick and easy. These new capabilities accelerate investigations by allowing agencies to increase access by extending the reach of extraction capabilities to investigators, unify investigative teams by connecting lab and field personnel around the evidence collection process, and secure digital evidence that they can defend in court.

“Today, mobile forensics is touching every single type of crime we investigate, from petty theft, to high-profile, complex homicide investigations,” said Sgt. Frank Pace, Phoenix Police Department Digital Forensics Investigative Unit. “As a profession, we are at a point that we need to integrate digital forensics, related training and policies into our culture and processes. Every officer, investigator and prosecutor is going to need that to be effective in their job.”

Field tested and proven, the InField solution allows officers and investigators at every level and in any location to securely access and perform forensically sound logical and physical extractions of mobile device or SIM card data by timeframe, data types or relevant persons with minimal training. Whether accessed via in-car workstations, laptops, tablets or self-service kiosks located at a station, this single-purpose, frontline solution supports the widest variety of device types with intuitive workflows that prevent errors or contamination of evidence. The InField software runs across hardware platforms, including the UFED Infield Kiosk and UFED TK. The new enhanced version now enables:

Real-time Access to Qualified Digital Evidence
Field users can select and extract only the relevant data needed based on time range or specific subject information. The Quick Copy feature encourages digital consent by allowing officers and investigators the ability to copy only specific evidence from witnesses and/or victim’s phones, leaving personal data private.

Centralized Management & Control
UFED InField simplifies the end-to-end visibility to and management of software updates, configuration modifications, user permissions and usage statistics by crime types and devices processed to ensure evidence is properly managed and protected.

Evidence Integrity
Built on the proven UFED platform, InField enables the real-time, forensically sound extraction of mobile device data and produces defensible evidence investigative stakeholders can stand behind.

“Designed to work on our form factors or an agency’s existing laptops, UFED Infield delivers new and improved digital forensics workflows and the actionable intelligence necessary to quickly and effectively focus investigative efforts, reduce case backlogs and significantly shorten case cycle times,” said Ron Serber, Cellebrite Global Co-CEO.

To see firsthand how InField’s new capabilities can benefit your field organization, visit us at booth 303 or online at www.cellebrite.com/law_enforcement.

About Cellebrite
Every day around the world, digital data is impacting investigations. Making it intelligent and actionable is what Cellebrite does best. A pioneer of mobile data forensics since 1999 with a passion for technology innovation, Cellebrite is uniquely positioned to address the rapidly evolving needs of its diverse customer base to access, unify and defend digital evidence of all kinds. Together, our powerful UFED solutions deliver the only complete, end-to-end Digital Forensics Platform on the market. Our track record remains unchallenged. Our results? Proven and well documented. With more than 40,000 UFED licenses deployed globally in 100 countries, we allow law enforcement, intelligence services, border patrols, special forces, military and the private sector to achieve their missions quickly and effectively.

Cellebrite is a wholly-owned subsidiary of the Sun Corporation, a listed Japanese company (6736/JQ).

Jeremy Nazarian
CMO
+1(973) 941-7200
jeremy.nazarian@cellebrite.com