Kape Technologies plc’s $354 Million Capital Raise

Taylor Wessing advised Shore Capital and Stifel on the matter.

Shore Capital (Nominated Adviser, Joint Broker and Joint Bookrunner) and Stifel (Joint Broker & Joint Bookrunner) were involved on a $354 million (£265.5 million) placing and retail offer for Kape Technologies plc, a leading B2C privacy-first digital security software provider. 

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 recognised brands in the digital privacy space serving over 3 million customers.

The Taylor Wessing’s team was led by corporate partner Tandeep Minhas (Picture) alongside corporate senior associate Amy Coburn.

Involved fees earner: Amy Coburn – Taylor Wessing; Tandeep Minhas – Taylor Wessing;

Law Firms: Taylor Wessing;

Clients: Shore Capital; Stifel Financial Corp.;

Author: Federica Tiefenthaler