They are a newly formed Delaware-incorporated blank check company. They are sponsored by KKR in partnership with Glenn Murphy, their Chief Executive Officer and Executive Chairman. They believe that the combined resources and expertise of KKR and Mr. Murphy will provide them a strong competitive advantage as they source, diligence and operate their future business combination, providing a differentiated value-creation opportunity for their shareholders. While they may pursue an acquisition opportunity in any business industry or sector, they intend to capitalize on their ability to identify, acquire and manage a business in the consumer or retail industries. Mr. Murphy is a well-known consumer and retail industry veteran with more than 30 years of experience in senior leadership roles managing and investing in diverse businesses and brands and a history of partnering with KKR. They believe that the consumer and retail landscape remains dynamic as demographics and consumer preferences continue to evolve and e-commerce continues to increase in importance. They believe this backdrop will create opportunities to invest in distinct brands and defensible business models where they can create value by improving operations and strategically re-investing in businesses to drive long-term growth.