Ashurst advises on £1.25 billion takeover of Kape Technologies

The cash consideration payable to Kape shareholders pursuant to the acquisition will be financed by a combination of new debt and equity financing. The equity financing is to be provided by Mr. Teddy Sagi, the sole shareholder of Unikmind, and the debt financing is to be provided by the senior lenders to Unikmind.

HSBC is acting as financial adviser to Unikmind in connection with the acquisition, which values Kape at approximately £1.25 billion.

The Ashurst team is being led by partners Tom Mercer and Tim Rennie, supported by corporate associate Colin Bugler and global loans senior associate Connor Lovie.