Benzinga | Oct 23, 2020 08:14AM EDT

CF Finance Announces GCM Grosvenor, With Which CFAC Has Entered Into An Agreement In Connection With Its Initial Business Combination, Raises 2020 Adjusted EBITDA And Adjusted Net Income Guidance; NOTE: CF And GCM Grosvenor

CF Finance Sets Special Meeting of Stockholders to Vote on Pending Business Combination with GCM Grosvenor for November 3, 2020

NEW YORK, Oct. 23, 2020 /PRNewswire/ -- CF Finance Acquisition Corp. ("CFAC" or the "Company") (NASDAQ:CFFA) announced today that GCM Grosvenor, a global alternative asset management firm with which CFAC has entered into an agreement in connection with its initial business combination, raised the range of its 2020 Adjusted EBITDA guidance (previously $100.4 million) by 16 - 18% up to $116-$118 million, and raised the range of its 2020 Adjusted pre-tax net income guidance (previously $77.5 million) by 16 - 19% up to $90 -$92 million.