P10 Holdings, Inc. (OTCPK:PIOE) signed a definitive agreement to acquire Enhanced Capital Group, Llc on November 19, 2020. As consideration in the deal, Enhanced Capital will be receiving convertible preferred equity in a limited liability company (Holdco) and cash. All the common units of Holdco are owned by P10. Holdco directly or indirectly owns each of the P10 investment platforms. After the closing, Enhanced Capital will continue to be managed by its existing team, and Enhanced Capital Chief Executive officer Michael Korengold will also join the P10 Holdco Executive Management Committee. The cash portion of the transaction is expected to be primarily funded with current P10 cash on hand, an additional draw on our existing credit facility and the proceeds from the exercise of a call option by a current investor in Holdco. P10 expects the addition of Enhanced Capital to be immediately accretive to adjusted EBITDA and adjusted net income. Subject to Enhanced Capital limited partner and other customary approvals, the transaction is expected to close in 45 days. David L. Sinak of Gibson, Dunn & Crutcher LLP acted as legal advisor for P10 Holdings, Inc. P10 Holdings, Inc. (OTCPK:PIOE) completed the acquisition of Enhanced Capital Group, Llc on December 15, 2020. P10 expects Enhanced Capital to contribute more than $20 million in Adjusted EBITDA in 2021.