Yonder and Beyond Group Limited (ASX:YNB) entered into a binding terms sheet to acquire High Line Alternative Investments Pty Ltd from Camac Investments Pty Ltd for AUD 1.1 million on November 7, 2017. Yonder and Beyond Group Limited entered into agreement to acquire High Line Alternative Investments Pty Ltd from Camac Investments Pty Ltd on December 21, 2017. Under the terms of the term sheet, as consideration, 30 million shares of Yonder and Beyond Group Limited will be paid out of which 7.5 million shares will be issued upon execution of the definitive share sale agreement, 7.5 million shares upon the funds under management of High Line Alternative Investments Pty Ltd reaching an aggregate of AUD 10 million on or before December 31, 2018, 7.5 million shares upon the funds under management reaching an aggregate of AUD 17.5 million on or before December 31, 2018 and further 7.5 million shares upon the funds under management reaching an aggregate of AUD 25 million on or before December 31, 2019. As of December 28, 2017, Yonder and Beyond Group Limited and Camac Investments Pty Ltd agreed that the 7.5 million shares proposed to be issued on execution of agreement will now be issued on completion of acquisition. Camac Investments Pty Ltd will enter into voluntary escrow agreements expected to be a minimum of 12 months from the issuance of each tranche. In a related transaction, Yonder and Beyond Group Limited proposed to undertake a capital raising though a placement of ordinary fully paid shares to raise up to AUD 1.1 million. Upon completion, Campbell McComb who controls Camac Investments Pty Ltd will join the Board of Yonder and Beyond Group Limited as Managing Director. The transaction is subject to satisfactory completion of mutual due diligence, entering into a formal share sale agreement, both to be completed within 28 days of the execution of the terms sheet, approval of Board and shareholders of Yonder and Beyond Group Limited, High Line Alternative Investments Pty Ltd and Camac Investments Pty Ltd, all required third party and regulatory approvals, Yonder and Beyond Group Limited and Campbell McComb reaching agreement on the terms of an employment agreement for engagement as Managing Director of Yonder and Beyond Group Limited and satisfaction of such other conditions which may be included in the formal share sale agreement as a result of the due diligence investigations. The Board of Directors of Yonder and Beyond Group Limited have unanimously approved the transaction. Under the term sheet timeline, the deal was previously expected to be completed on December 22, 2017. The transaction is expected to have only a marginal impact on the assets, equity interest and revenue of Yonder and Beyond Group Limited. Under the term sheet, the formal share sale agreement and completion of due diligence was expected to be signed by December 4, 2017 while the general meeting of shareholders of Yonder and Beyond Group Limited was expected on December 21, 2017. As of December 12, 2017, Yonder and Beyond Group Limited, High Line Alternative Investments Pty Ltd and Camac Investments Pty Ltd has extended the expected completion date of due diligence to December 15, 2017 and the shareholders meeting will be held in late January 2018. As of December 21, 2017, the due diligence investigation with respect to the transaction is completed and the parties entered into agreements which implies conditions to be satisfied no later than February 20, 2018. As of February 2, 2018 the general meeting will be held on March 5, 2018.