Shore Capital and Stifel lead USD 354 million placing and retail offer for Kape Technologies
Categories: Hi-Tech
Taylor Wessing has advised Shore Capital and Stifel on USD 354 million placing and retail offer for Kape Technologies plc., a leading B2C digital security provider, offering a suite of solutions to protect consumers’ digital lives.
The capital raise was structured as an accelerated bookbuild placing, and was supported by new and existing institutional shareholders, including a number of blue-chip institutional investors from the UK, USA, Israel and Asia.
The proceeds of the raise will be used to fund the upfront consideration for the acquisition of ExpressVPN, one of the most recognized brands in the digital privacy space serving over 3 million customers.
