Your.World B.V. signed a binding term sheet to acquire Unifiedpost B.V. from Unifiedpost Group SA (ENXTBR:UPG) for an enterprise value of approximately ?130 million on August 26, 2024. The consideration includes an enterprise value of ?133 million on a cash and debt-free basis, which includes an earn-out payment of up to ?7.7 million upon achieving certain financial milestones. The Wholesale Identity Access business in the Netherlands generated an EBITDA of ?8.3 million in 2023.

As part of the agreement, 46 employees will join Your.World. Completion of the Transaction is conditional upon obtaining the customary social, regulatory and corporate approvals and consultations (to the extent these would be applicable), the occurrence of no material adverse change up to closing of the Transaction, agreeing on adequate representations and warranties? insurance, the review of the half year financial figures do not lead to an adjustment of the purchase price by more than ?10 million, the satisfactory finalisation of the terms of intermediary services, commercial and partnership agreements, the release of all pledges on shares held by Francisco Credit Partners II AIV LP, and the completion of the carve-out of the non-Wholesale Identity Access business to a newly to be incorporated subsidiary of Unifiedpost Group.

The Transaction is estimated to be completed by year-end 2024. Pascal Vanden Borre, Stéphanie De Smet, Giovanni Smet of Stibbe B.V. Cvba acted as sell-side legal advisor to Unifiedpost Group SA.