Kape Technologies plc
2020
“We are pleased to have secured this debt facility with Bank of Ireland, Barclays and Citi supported by finnCap. This facility not only supports our recent acquisition but further strengthens our balance sheet providing additional growth capital.”
MORAN LAUFER
CFO, KAPE TECHNOLOGIES PLC
finnCap Debt Advisory has advised Kape Technologies plc (“Kape”) on securing new debt financing facilities of up to $70m.
Kape provides innovative digital security and privacy software products to a largely consumer client base. Following its recent acquisition of Private Internet Access (PIA), Kape has agreed new facilities with a club of banks comprising of Bank of Ireland, Barclays Bank and Citi Commercial Bank. This new financing structure provides a platform and liquidity for further growth over the coming years.
Moran Laufer, Chief Financial Officer of Kape, commented:
“We are pleased to have secured this debt facility with Bank of Ireland, Barclays and Citi supported by finnCap. This facility not only supports our recent acquisition but further strengthens our balance sheet providing additional growth capital. This is a strong signal of support for Kape’s long-term success driven by its SaaS business model. We look forward to working alongside the Banks as we seek to create further value for all our key stakeholders as we expand our market reach.”
Alistair Hay, Partner, finnCap Debt Advisory, said:
“The acquisition of PIA is an extremely important and transformational transaction for Kape. We are delighted to have helped them complete this debt financing in the current environment and look forward to supporting them in the future in their successful growth journey.”