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TORONTO, Nov. 13, 2015 /CNW/ - INFOR Acquisition Corp. (TSX: IAC.A, IAC.WT) ("INFOR Acquisition" or the "Company") is reporting its financial results as at September 30, 2015 and for the period from inception of the Company on April 17, 2015 to September 30, 2015. INFOR Acquisition's unaudited interim financial statements, along with the accompanying management's discussion and analysis have been filed on the System for Electronic Document Analysis and Retrieval ("SEDAR") and may be viewed under the Company's profile at www.sedar.com or on the Company's website at www.inforacquisitioncorp.com.
At September 30, 2015, invested securities in INFOR Acquisition's escrow account with Equity Financial Trust Company consisted of $230 million in Canadian government treasury bills. This represents 100% of the gross proceeds raised in connection with the Company's initial public offering of Class A Restricted Voting Units and is available to the Company to complete its Qualifying Acquisition.
"We are extremely pleased with the deal flow we are seeing in the market and have performed in-depth due diligence on over 20 acquisition opportunities," commented Neil M. Selfe, CEO of INFOR Acquisition. "We are committed to securing a transaction of the highest quality and are cognizant of minimizing expenses in our search. This formula will allow us to deliver maximum value to our shareholders who have entrusted us with their capital," added Mr. Selfe.
About INFOR Acquisition Corp.
INFOR Acquisition Corp. is a special purpose acquisition corporation incorporated under the laws of the Province of Ontario for the purpose of effecting a merger, share exchange, asset acquisition, share purchase, reorganization, or engaging in any other similar business combination with one or more businesses or assets.
Visit INFOR Acquisition Corp. at www.inforacquisitioncorp.com
About INFOR Financial Group Inc.
INFOR Financial Group Inc. ("INFOR Financial Group"), the sponsor of INFOR Acquisition, is a leading independent merchant and investment bank based in Toronto. INFOR Financial Group provides innovative, independent, forward thinking financial and strategic advice to corporations, institutional investors, entrepreneurs and government entities. INFOR Financial Group's asset management division currently is focused on institutional equity, infrastructure and structured credit investments. INFOR Financial Inc., a wholly-owned subsidiary of INFOR Financial Group, is an independent investment bank that offers advice on mergers and acquisitions, capital raises, risk management, private funds as well as corporate restructurings and derivative hedging strategies.
Visit INFOR Financial Group at www.inforfg.com
SOURCE INFOR Acquisition Corp.
For further information: Neil M. Selfe, Chief Executive Officer and Director, INFOR Acquisition Corp., Chief Executive Officer, INFOR Financial Group Inc., (416) 646-2610