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I am gone today and maybe tomorrow. Thurs and Friday better for me.
Hunter?
On Jun 17, 2014 7:21 AM, "John Murphy" <jmurphy@marathon-llc.com> wrote:

> Rob and Hunter,
> I just got back from Joburg and will be in DC this week. I landed in
> Atlanta this morning to a signed term sheet from our anchor investor for
> $10 MM (after weeks of negotiation). We are moving swiftly this week to
> allocate the remainder of the book among the rest of our investors. Would
> love to stop by briefly to give you more of an update, if you guys are
> around.
>
> Thanks,
> John
>
> John P. Murphy
> Marathon Restaurant Group
> Chief Financial Officer
> 40 Wall Street, 28th Floor
> New York, NY 10005
> jmurphy@marathon-llc.com
> 646.812.6744
>
> ________________________________________
> From: Matthew Bradshaw
> Sent: Sunday, May 25, 2014 9:26 PM
> To: Hunter Biden; Rob Walker
> Cc: John Murphy
> Subject: Marathon Yum next steps/update
>
> Rob/Hunter:
> Hope you both and well and enjoying the long holiday weekend. Just a quick
> note to update you as to our progress and timing.
>
> As you recall, we had completed 2 months of significant diligence with a
> very prominent Nigerian group that had strong political influence. Late in
> the process, Yum decided to remove the investor group from our investor
> list which was problematic as they served as an anchor (10m+ check). Er
> felt comfortable with the group given we had done a pre red flags check
> with the commercial services group at the Embassy.
>
> We regrouped with our lawyers, did more leg work and was able to convince
> yum to add this group back pending full DD clearance with is almost
> finished. The book remains strong and in that time, Kase Lawal's group
> expressed interest in the business. We've spent time with them in Houston
> and in SA and think they are potentially a great investor as well. We are
> in the DD process with them and Yum is beginning KYC on them this week. We
> will close in June.
>
> While we finalize the investors post final KYC (which required us to write
> a healthy check to Yum) we have on boarded two new gentlemen, both
> executive Africans to head up Development and our Nigerian opps. Yum is
> extremely fired up and new data points point to our numbers being
> conservative, which have led with all along.
>
> Final term sheets are almost concluded with our lawyers and anchor and
> then we will work quickly with Akin to turn on all offshore structures for
> investors and the business. The team will train here stateside in June with
> late Aug/early Sept serving as the grand launch of Pizza Hut Africa!
>
> It's been a very long road dealing with investors and managing an
> imperfect process that is called Africa. We gain further conviction in the
> power and scope of the business, especially after we meet folks like Dr.
> Lawal who see the opportunity as a local through the eyes of institutional
> Wall St guys.
>
> Your help has been so very critical and are happy to have you on the team.
> As we formalize the final documentation and board structure, we should
> absolutely sit down and talk process/time commitments etc. We see
> tremendous white space and a chance to morph into supply chain and the
> vertical food chain that compliments our Marathon Yum business - very much
> inline with out past convos.
>
> Let's sync up calendars as we move into the slower summer months and chat
> next steps. Enjoy the holiday weekend....
> All the best,
> Matthew Bradshaw and John Murphy