Transaction highlights

• Unifiedpost Group (“Unifiedpost”), one of Europe’s leading cloud-based FinTech platforms, has successfully listed on Euronext Brussels via its €252 million Initial Public Offering (“IPO”), thereby raising €175 million in primary proceeds
• On the back of ca. €98 million of pre-commitments of blue-chip long-only and tech-specialist investors, such as Capital International Investors, Swedbank Robur Fonder, Legal & General Investment Management, Invesco Asset Management, WCM Investment Management and Sycomore Management, the transaction caught strong momentum and generated enormous demand from generalist and specialist investors globally
• The final orderbook was multiple times covered at the upper end of the price range resulting in a full exercise of the increase option and full placement of the over-allotment shares, allowing existing VC and PE investors to partially sell down their stakes
• The majority of the €175 million in primary proceeds will be used to further accelerate the Company’s international expansion via its ‘make-or-buy’ strategy
• Kempen & Co played a key role in the marketing of Unifiedpost to investors from early-on in the process up to and including the final book building period. During the early-look investor meetings, Kempen & Co identified the majority of cornerstone investors and on that basis generated significant additional demand during the PDIE and final book building process. In addition, Kempen & Co’s FinTech team has been instrumental in the crafting of the equity story centred around capturing the European B2B payments opportunity and benefitting from structural market tailwinds such as the implementation of PSD2 (open banking), mandatory e-invoicing in Europe and shift to the cloud by SMEs
• Kempen & Co is a long-term trusted adviser to Unifiedpost, advising the company on its pre-IPO capital raise and buy-and-build strategy resulting in the acceleration of growth and IPO readiness
• The IPO of Unifiedpost marks Kempen & Co’s 18th ECM transaction across 9 different countries this year, underscoring Kempen & Co’s position as a leading European ECM house within its focus sectors and is further testament to Kempen & Co’s expertise in FinTech and Payments

About Unifiedpost Group

• Unifiedpost offers a cloud-based platform with integrated documents, payments, identity and value added platform services to enable seamless administrative and financial processes
• Ideally positioned to capture the European B2B payments opportunity on the back of PSD2
• One-stop-shop platform offering purpose built for SMEs. More than 400k SME and 250 corporate clients spread across a wide variety of verticals use the platform
• Smart ecosystem-based go-to-market strategy: Broad partnership network of accountants, banks & software vendors to boost platform adoption
• Payment Institute with a PSD2 license that has been passported to all EEA countries and certified SWIFT member
• Active in 15 European countries, including Benelux, FR, UK, Baltics & CEE
• Founded in 2001 by its current CEO, Hans Leybaert

Background Kempen & Co FI & FinTech

• Kempen & Co has established a specialist FI & FinTech team advising European FinTech and other technology clients on M&A, private fundraises (equity and debt) and equity capital market transactions including IPOs. The team has an in-depth understanding of the sector and has a global investor network of VC, growth equity, PE, strategic and institutional investors
• The team also advised on a.o. the bridge financing of TicketSwap (European live experience ticketing marketplace), the acquisition of EuroCCP by Cboe Global Markets (leading capital markets infrastructure and technology companies), the sale and capital increase of TerraPay (global B2B payments infrastructure provider), the Series B and Series C capital increase of dacadoo (global InsurTech & HealthTech company), the pre-IPO capital raise of Unifiedpost and four subsequent bolt-on acquisitions (European cloud-based FinTech platform for B2B e-documents & payments processing and identity management) and the acquisition of Buckaroo by BlackFin CP (leading Benelux Payment Service Provider).

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