Baker McKenzie has advised Unikmind Holdings Limited on its successful cash offer and public-to-private takeover of Kape Technologies plc, a leading 'privacy-first' digital security software provider. The final offer price implied an equity value for Kape of approximately USD 1.6 billion.
A global Baker McKenzie team advised on all aspects of the transaction, including public M&A, debt financing, corporate, regulatory, competition, trade and foreign investments and employment and benefits.
Prior to this public offer, Unikmind, wholly-owned by Mr. Teddy Sagi, held approximately 54.8% of the issued ordinary shares of Kape. Kape will be delisted from the AIM on or about 31 May 2023 and Unikmind has announced its intention to exercise its statutory squeeze-out rights under Isle of Man law to compulsorily acquire all Kape shares for which acceptances had not been received in the offer.
The Baker McKenzie team was led by London-based Finance and M&A Partners David Becker, Nick Bryans, Ben Wilkinson and James Thompson, working with a broad multidisciplined cross-border team including: Finance Partner Rob Mathews, Banking Partner Oliver Jefferies, Finance and M&A Senior Associates Benjamin Bierwirth and Ben Saraci, Finance and M&A Associates Abigail Saffron, Henry Gee and Darren Tai and Trainees Olivia Wells and George Rix. Specialist employment advice was provided by Employment & Benefits Partner Jeremy Edwards, and Employment Associates Victoria Kirsch and Amy Thompson and specialist competition, trade and foreign investments advice was provided by Competition Partner Samantha Mobley and Senior Associate Ross Evans.