Stout served as exclusive financial advisor to eppf Group on its acquisition of NowCP, a subsidiary of Orange S.A.
Eppf Group is an independent capital-markets-as-a-service provider with a fully digitalized and automated financial infrastructure and securitization vehicle established under Luxembourg law. eppf provides the first and only end-to-end digital solution, where the company offers established issuers with a digital transaction workflow, or, in the case of new entrants, with a CMaaS (Capital Markets as a Service) funding "subsidiary" using standardized documentation. In this way, the eppf solution is relevant for both big and small companies and provides improved harmonization of capital markets in a MiFID2 and CMU compliant environment without media breaks.
NowCP, the European marketplace for commercial paper, is an issuing and trading platform for short-term debt. NowCP is licensed by the AMF and the ACPR, which allows members to trade on the primary and secondary markets, bilaterally or multilaterally and through intermediaries. NowCP greatly improves the fluidity of transactions by digitalizing the entire front office process with STP integration to its members’ IT systems.
The joint offering of eppf and NowCP will span the entire value chain of bond issuance. It provides issuers with the full value chain of financial instruments from the short-end commercial paper to long-dated bonds in a fully automated manner and a marketplace as primary and, for CP, also secondary market trading venues.