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11/18/2019 BOARD OF SELECTMEN Agenda Packet
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11/18/2019 BOARD OF SELECTMEN Agenda Packet
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11/21/2019 9:40:09 AM
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Mashpee_Meeting Documents
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BOARD OF SELECTMEN
Meeting Document Type
Agenda Packet
Meeting Date
11/18/2019
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ADDITIONAL INFORMATION <br /> Please utilize this space to provide any additional information that will support your application or to clarify any answers <br /> provided above. <br /> In connection with a restructure of its varied holdings,Fidelity National Financial,Inc.("Fidelity"),a publiclytraded company that owned 55%of the <br /> licensed entity,created Cannae Holdings,Inc.("Cannae"),a publicly traded company,and transferred all of its shares;-the ownership structure which <br /> owns the licensed entities d/b/a the"99 Restaurant and Pub"to Cannae for nominal consideration. Asa result of further restructuring,the ownership <br /> of other previously approved owners was changed,as well,resulting in a reduction of their previously approved ownership interest. Newport Global <br /> Opportunities Fund LP I-A(AIV)ABRH,LP ("Newport"),which indirectly owned 38.9%of the licensed entities,now has a 9.9%ownership interest,and 8 <br /> other individual and entities("Other Investors")that indirectly owned a cumulative 6.1%,now have a cumulative 1.5%ownership,resulting in Cannae <br /> owning 88.5%,Newport 9.9%and the Other Investors 1.5%. Cannae paid$1 oo,000,000.00 for its additional share of the ownership structure by <br /> forgiving an equivalent amount of loans made in the course of the company's operations. <br />
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