Accel to Begin Trading on the NYSE Under the Ticker "ACEL"

Accel Becomes A Leading Pure-Play Publicly Listed Gaming-as-a-Service Provider

CHICAGO & FORT WORTH, Texas– (BUSINESS WIRE) –TPG Pace Holdings Corp. (“TPG Pace”), a special-purpose acquisition company sponsored by an affiliated company of TPG, announced , Inc. ("Accel" or the "Company"), a leading gaming-as-a-service provider. Accel Entertainment and will begin trading on the New York Stock Exchange under the ticker symbol "ACEL", effective November 21.

On June 13, 2019, TPG Pace and Accel Entertainment entered into a definitive business combination agreement. The transaction was approved by more than 98% shareholders of TPG Pace on November 15, 2019. Its Board of Directors had previously approved the business combination and recommended that its shareholders vote in favor of the proposal. Accel becomes a leading pure-play listed company focusing on gaming-as-a-service.

Karl Peterson, Chairman of Accel Entertainment, commented, "We have done exactly that. We look forward to working closely with you. "

Andy Rubenstein, co-founder and President and CEO of Accel Entertainment, stated, "This is an important milestone for our customers. It is an exciting time for Accel Entertainment and I look forward to working with Karl and his team as we pursue the next chapter of our story. "

As previously announced, Accel's management team, led by Co-Founder and CEO Andy Rubenstein, will continue to lead the Company. With the closing of the transaction, all previously announced Accel Board members have been approved their positions have taken effect. The Accel Board is comprised of: Karl Peterson, Chairman of the Board; Andy Rubenstein, Accel Co-Founder and CEO; Gordon Rubenstein, Accel Co-Founder; Ken Rotman, Chief Executive Officer and Managing Director at Clairvest Group Inc .; David "Buzz" Ruttenberg, Founder and Chairman Emeritus, Belgravia Group; Eden Godsoe, VP of operations at Zeus Living; and Kathleen Philips, former CFO and Chief Legal Officer of Zillow Group.

About Accel

Accel is the largest terminal operator of slot machines and amusement equipment in the Illinois video gaming market. Starting in October 2012, Accel has been dedicated to providing top of the line care and services to more than 2,200 locations and their customers across the state. For more information, visit http://www.ir.accelentertainment.com

About TPG

TPG is a leading global alternative asset firm founded in 1992 with more than $ 108 billion of assets under management and offices in Austin, Beijing, Boston, Dallas, Fort Worth, Hong Kong, Houston, London, Luxembourg, Melbourne, Moscow, Mumbai, New York, San Francisco, Seoul, and Singapore. TPG's investment platforms are across a wide range of asset classes, including private equity, growth equity, real estate, credit, and public equity. TPG aims to build dynamic products and its investors. For more information, visit www.tpg.com.

About TPG Pace Group and TPG Pace Holdings

TPG Pace Group is TPG's dedicated permanent capital platform. TPG Pace Group has a long-term, patient, and highly flexible investor base, allowing it to seek compelling opportunities that will thrive in the public markets. TPG Pace Group has sponsored three special purpose acquisition companies ("SPACs") and raised more than $ 2 billion since 2015. The first of these vehicles, Pace Holdings Corp., in March 2017 (NASDAQ: PLYA). The second, TPG Pace Energy Holdings Corp., was used to sponsor the public listing of Magnolia Oil & Gas Corporation in July 2018 (NYSE: MGY). For more information, visit www.tpg.com/tpg-pace-holdings.

Additional Information and Where to Find It

TPG Pace has filed with the SEC a registration statement (the "Registration Statement"), which was declared effective on October 29, 2019 and which includes a proxy statement / prospectus with respect to TPG combination contemplated by the amended Transaction Agreement (the "Business Combination"). The Registration Statement and the accompanying definitive proxy statement / prospectus contains important information about the proposed business combination and related matters. COMPANY SHAREHOLDERS ARE URGED AND ADVISED TO CAREFULLY READ THE DEFINITIVE PROXY STATEMENT / PROSPECTUS. The Registration Statement, the definitive proxy statement / prospectus, at the SEC's website, at www.sec.gov. In addition, shareholders will be able to obtain free copies of the Registration Statement by directing to: TPG Pace Holdings Corp., 301 Commerce Street, 3300 Suite, Fort Worth, Texas 76102, email: pace@tpg.com.

Participants in the Solicitation

TPG Pace, Accel and their respective directors and executive officers May be considered to be participating in the solicitation of proxies from the TPG Pace's shareholders in connection with the proposed Business Combination. Information about TPG Pace's directors and executive officers set for TPG Pace's Annual Report on Form 10-K for fiscal years ended December 31, 2018, which was filed with the SEC on February 13, 2019. These documents are available free of charge at the SEC's web site at www.sec.gov, or by directing to request: TPG Pace Holdings Corp., 301 Commerce Street, 3300 Suite, Fort Worth, Texas 76102, email: pace@tpg.com. Information regarding the person who may, under SEC rules, be established in the solicitation of proxies to Company shareholders in connection with the proposed Business Combination are set forth in the Registration Statement for the proposed Business Combination. Additional information regarding the proposed participants in the Registration Statement that TPG Pace has filed with the SEC.

Forward Looking Statements

This Current Report includes “forward looking statements” as defined within the Private Securities Litigation Reform Act of 1995 and within the meaning of Section 27A of the Securities Act and Section 21E of the Exchange Act. All statements, other than statements of present or historical fact included in this Current Report regarding the proposed Business Combination, TPG Pace’s ability to consummate the Business Combination, the benefits of the Business Combination and the future financial performance of TPG Pace following the Business Combination, as well as TPG Pace’s strategy, future operations, financial position, estimated revenues, and losses, projected costs, prospects, plans and objectives of management are forward looking statements. Forward-looking statements may be identified by the use of words such as “could,” “should,” “will,” “may,” “forecast,” “intend,” “seek,” “target,” “anticipate,” “believe,” “expect,” “estimate,” “plan,” “outlook,” and “project” and other similar expressions (or negative versions of such words or expressions) that predict or indicate future events or trends or that are not statements of historical matters. These forward-looking statements are based on management’s current expectations and assumptions about future events and are based on currently available information as to the outcome and timing of future events. A number of factors could cause actual results or outcomes to differ materially from those indicated by such forward looking statements. These factors include, but are not limited to: (1) the risk that the proposed Business Combination disrupts current plans and operations of Accel or its subsidiaries or TPG Pace as a result of the consummation of the Business Combination; (2) litigation relating to the Business Combination; (3) the inability to complete the private placements as set forth in the Subscription Agreements; (4) the inability to recognize the anticipated benefits of the proposed Business Combination, which may be affected by, among other things, competition, and the ability of the combined business to grow and manage growth profitably; (5) the inability to successfully retain or recruits officers, key employees, or directors following the Business Combination; (8) effects on Pace’s public securities’ liquidity and trading; (6) the market’s reaction to the Business Combination; (7) the inability to meet the NYSE’s listing standards following the consummation of the Business Combination; (8) the lack of a market for TPG Pace’s or Accel’s securities; (9) TPG Pace’s and Accel’s financial performance following the Business Combination; (10) costs related to the proposed Business Combination; (11) changes in applicable laws or regulations; (12) the possibility that TPG Pace or Accel may be adversely affected by other economic, business, and/or competitive factors; (13) the possibility that the expected benefits of Accel’s acquisition of 100% of the outstanding membership interests of Grand River Jackpot, LLC may not occur; and (14) other risks and uncertainties indicated from time to time in the Registration Statement, including those under “Risk Factors” therein, and other documents filed or to be filed with the SEC by TPG Pace. You are cautioned not to place undue reliance upon any forward looking statements, which speak only as of the date made. Forward-looking statements included in this Current Report speak only as the date of this Current Report, TPG Pace undertakes no commitment to update or revise the forward looking statements, whether as a result of new information, future events or otherwise.

Disclaimer

This communication is for informational purposes only and is neither an offer to purchase, nor is it a solicitation of an offer to sell, a subscriber to or buy any securities or a solicitation of a vote in any of the proposed Business Combination or otherwise, nor shall there is any sale, issuance or transfer in any jurisdiction in the applicable law. 10 of the Securities Act and the applicable regulations in the Cayman Islands.

Contacts

Media:

For TPG
Luke Barrett / Courtney Power
415 743-1550
media@tpg.com

For Accel
Eric Bonach
Abernathy MacGregor
+212-371-5999
ejb@abmac.com

Source BUSINESS WIRE

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