Kape Technologies’ US$115 Million Cash Box Placing


Carey Olsen and Bryan Cave Leighton Paisner assisted Kape Technologies plc on its oversubscribed equity fund raising on the London Stock Exchange.

The placing has raised gross proceeds of US$115 million. The AIM-listed company conducted the placing and retail offer by using a Guernsey cash box structure.

The funds will allow Kape to consolidate previous acquisitions in the digital privacy market and enable it to exploit other potential acquisition opportunities which may arise as a result of current market conditions.

The resurgence in listed companies utilising cash box structures to access funding on an expedited basis has been aided by the UK Pre-emption Group relaxing its Statement of Principles as a result of the ongoing economic effects of the coronavirus (COVID-19) pandemic.

Working alongside onshore counsel Bryan Cave Leighton Paisner, the Carey Olsen team was led by partner Tony Lane (Picture), assisted by associate Alexandra Hehir.

Involved fees earner: Alexandra Hehir – Carey Olsen; Tony Lane – Carey Olsen;

Law Firms: Carey Olsen;

Clients: Kape Technologies ;

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