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GP Bullhound advises Kiala on its $38.5m fundraising


28th November 2007

GP Bullhound, the research-centric technology investment bank, today announces the completion of a US$38.5 million financing round for Kiala, the leading independent network of parcel collection points in Europe. The company works with about 4,500 local stores in the Benelux region, France and Austria to distribute parcels. It was created by Denis Payre, the co-founder of Business Objects, the Franco-US software company recently acquired by Germany's SAP for €4.8bn.

The funding comes from lead investor SEP (Scottish Equity Partners), an undisclosed hedge fund and existing investors. This funding will finance the company’s expansion in Spain and Russia, countries where the concept of parcel collection points is already established through the way in which the local post currently operates. The capital will also support the continued development of the new collection point networks in the UK and Austria.

Andrew Davison of SEP said: “Kiala is an exciting investment opportunity for SEP. The company’s President, Denis Payre is one of the most experienced European technology entrepreneurs and he heads a first class team with a track record in delivering on ambitious growth strategy.”

Denis Payre, CEO Kiala, commenting on GP Bullhound's role, said: “GP Bullhound did a great job for us, during the process they had our best interests at heart at all times and had us covered at every turn. They delivered through the preparation, roadshow, negotiation and closing phases of the deal, always thinking one step ahead and consistently providing high quality advice. We are delighted with the outcome.”

This fundraising represents the completion of GP Bullhound’s eighth announced private placement for the year, confirming its position as the #1 European Technology Private Placement house.


Publisher Contact Information:

GP Bullhound Limited
-
hanlie.burger@gpbullhound.com

Company profile of GP Bullhound Limited
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