Carey Olsen advises on cash box placing

Posted: 09/11/2020

Carey Olsen's corporate team in Guernsey has assisted Kape Technologies on its equity fundraising on the London Stock Exchange, which has raised gross proceeds of $115m. 

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 that 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 pandemic.
 
Working alongside onshore counsel Bryan Cave Leighton Paisner, the Carey Olsen team was led by Partner Tony Lane, assisted by Associate Alexandra Hehir.


Add a Comment

  • *
  • *
  • *
  • *
  • Submit
Zedra

It's easy to stay current with blglobal.co.uk.

Just sign up for our email updates!

Yes please! No thanks!