Stout Advises eppf Group on Acquisition of NowCP

December 28, 2021

Stout Park Ltd. (“Stout”) announced that eppf Group (“eppf”), an independent capital-markets-as-a-service provider with a fully digitalized and automated financial infrastructure and securitization vehicle, has entered into an agreement with NowCP majority shareholder Orange and minority shareholders on the acquisition of a controlling stake of NowCP. Stout served as financial advisor to eppf in connection with this transaction, which is expected to be completed in Q1/2022, subject to regulatory approval.

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.

“We are extremely excited to welcome NowCP and its team to the eppf family,” said Robert Koller, CEO and founder of eppf. “This will allow us to build the first global primary debt market, regulated to the highest standards, and to provide our clients a fully digital and integrated value chain for CP, bonds and other financial instruments such as loans, Euro Private Placement and Schuldscheine. It also confirms eppf and NowCP as the only European, neutral platform supported by a broad base of banks and other financial institutions. Finally, we would like to thank Orange, the other NowCP shareholders, their teams and advisers for making this transaction possible. The combined group is looking very much forward to working with our new stakeholders and clients.”

Santiago Izaguirre, Managing Director in Stout’s London office, acted as financial advisor to eppf Group.

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