Shore Capital acts as Global Co-Ordinator, Joint Bookrunner, Nomad & Broker on oversubscribed and upscaled $115m Placing for Kape Technologies

Kape Technologies plc (AIM: KAPE), the digital security and privacy software business, has successfully raised US$115m through a heavily oversubscribed placing and retail offer, with Shore Capital acting as Global Co-ordinator, Joint Bookrunner, Nominated Adviser & Broker.

The net proceeds of the placing and retail offer will be used to buy out the equity interests in Kape of the two co-founders of Private Internet Access, a company acquired by Kape in 2019, and to strengthen Kape’s balance sheet and enable fast execution of further selective acquisitions, building on Kape’s excellent M&A track record and continuing pursuit of growth.

Kape has grown to become a leading player in the fast-growing digital privacy market, with acquisitions and their successful integration and subsequent growth.

For further information please contact:   

Shore Capital +44 (0) 20 7408 4090

Corporate Advisory: Mark Percy / Toby Gibbs / James Thomas

Corporate Broking: Simon Fine / Henry Willcocks

For Shore Capital media enquiries, please contact:   

Adele Gilbert: +44 (0)74 8477 8331

Note to editor

About Shore Capital

We are an independent securities business offering institutional and corporate clients leading investment banking, research, sales and trading services, including fixed income.  We are represented across the UK enabling extensive distribution and institutional coverage. This distribution capability is complemented by our experienced corporate advisory and broking team who offer discreet, innovative and valued advice to companies on both the Main Market and AIM.  Shore Capital is also the 3rd largest market maker by number of AIM stocks covered.

Our cross-disciplinary team has deep, market leading experience in a wide range of small and mid-cap UK companies within the following sectors: Consumer, Financials, Healthcare, Insurance, Natural Resources, Real Estate, Support Services, Technology and Media. Our research on over 250 companies is distributed to an extensive institutional client base in the UK, Europe and US.

Shore Capital is a trading name of both Shore Capital Stockbrokers Limited and Shore Capital and Corporate Limited.