Today, Unifiedpost Group SA/NV announces its intention to launch a private placement to qualified investors and high net worth individuals only, followed by a listing of its Shares on the regulated market of Euronext Brussels.
In the sweet spot of a structurally growing market segment, the Company nearly tripled its revenues to €69.0m from 2017 to 2019 pro forma, thanks to a combination of organic (€28m) and inorganic (€41m) revenues 59% revenue growth in H1 2020 vs. H1 2019, whereby revenues increased from €21m to €33.5m (of which €23m organic and €10m inorganic) despite the COVID-19 pandemic due to its sustainable and robust business model
Intention to raise approximately €160m to (i) repay part of an acquisition financing facility with Belfius (up to €17m), and (ii) accelerate its growth strategy and tap into attractive opportunities at the intersection of multiple large, high-growth markets. Six new international qualified investors have pre-committed a total of approximately €98m the Private Placement, in exchange for guaranteed allocations
Unifiedpost Group wants to become the leading cloud-based platform for SME business services built on “Documents”, “Identity” and “Payments”. Unifiedpost operates and develops a 100% cloud-based platform for administrative and financial services that allows real-time and seamless connections between Unifiedpost’s customers, their suppliers, their customers and other parties along the financial value chain With its one-stop-shop solutions, Unifiedpost Group’s mission is to make administrative and financial processes simple and smart for its customers. Since its founding in 2001, the Company has grown significantly, expanding to offices in 15 countries throughout Europe, with more than 350 million documents processed in 2019, reaching over 400,000 SMEs and more than 250 Corporates across its platform today.
Hans Leybaert, CEO, commented:
“This is truly an exciting day for Unifiedpost Group as we announce our intention to float on Euronext Brussels. We are well positioned at the intersection of multiple large, high growth markets. Our growth strategy is defined by an organic growth and buy-and-build strategy. The intended Private Placement and Listing should enable us to continue to carry out our strategy and further our presence in Europe as a leading Fintech company.”
Stefan Yee, Chairman Unifiedpost Group, added:
“Going public will be an important milestone for Unifiedpost Group’s future growth journey as an independent Fintech company. The private placement, supported by internationally renowned investors, and the subsequent listing on Euronext Brussels will provide access to a broader international investor base, strengthen Unifiedpost Group’s capital structure and provide our experienced management team with the resources to partly repay an existing debt facility and continue to invest in new services, SME ecosystems, and international M&A activity.”