Unifiedpost Group Enhances Position Through Strategic Sale

Unifiedpost Group Enhances Financial Standing with Strategic Sale

Unifiedpost Group SA, a renowned provider of integrated business communication solutions, is thrilled to share that it has successfully completed the sale of its Wholesale Identity Access business to Your.World B.V. This strategic move not only reflects the company’s ongoing transformation but also significantly strengthens its financial position.

The Successful Completion of the Transaction

The divestment of Unifiedpost’s Wholesale Identity Access business in the Netherlands marks a significant milestone for Unifiedpost. The transaction was executed through the sale of all shares in Unifiedpost B.V. to Your.World, following the necessary carve-out of Unifiedpost's non-Wholesale Identity Access operations. This strategic decision aligns with the company's goal to streamline its focus on core services while cultivating new partnerships.

Details of the Sale

The sale includes a potential earn-out payment of up to €7.7 million, which depends on achieving certain financial milestones. Notably, 70% of this earn-out is expected to settle by the end of March, with the remaining balance to follow by the end of August. The anticipated equity purchase price will range between €108.4 million and €116.1 million, contingent on the successful realization of the earn-out condition.

Boosting Collaborative Efforts

This transaction creates a new strategic partnership between Unifiedpost and Your.World that enables Unifiedpost’s Banqup platform to be offered to a vast customer base spanning over one million clients across Europe. This collaborative effort is poised to enhance both parties' service offerings and open new avenues for growth in the digital services space.

Financial Impact and Debt Repayment

The Wholesale Identity Access business demonstrated robust financial performance, generating an EBITDA of €8.3 million in the past year. As part of the agreement, 46 employees will transition to Your.World, ensuring continuity and expertise within the newly structured organization. Additionally, Unifiedpost has taken proactive steps to reduce its debts, utilizing proceeds from this sale to repay a significant portion of its loan from Francisco Partners.

Debt Repayment Achievements

Upon finalizing the sale, Unifiedpost repaid €75 million of its principal amount, along with accrued interest, resulting in a total repayment figure of €94.8 million. The remaining balance, estimated at €25 million, is projected to be settled by March 31, with all encumbrances lifted and no penalties for early repayment.

Future Growth and Strategic Alignment

CEO Nicolas de Beco expressed optimism regarding the closing of this transaction, heralding it as a pivotal moment for Unifiedpost. By significantly reducing its debt, the company is strategically repositioning itself for future growth, particularly focusing on enhancing its digital service offerings in Europe. The partnership with Your.World marks a crucial opportunity to expand Unifiedpost’s reach and services across a broader market.

Financial Calendar

As Unifiedpost looks to the future, it has outlined key upcoming financial events to keep stakeholders informed:

• February 27: FY 2024 Financial Results publication
• April 17: Annual Report release for 2024
• May 20: General Shareholder Meeting
• May 23: Q1 2025 Business Update publication

About Unifiedpost Group

Unifiedpost stands out as a leading cloud-based platform specializing in SME business services, focusing on areas such as documents, identity, and payments. Through its all-encompassing platform, it aims to simplify and automate administrative and financial processes for its clients.

Frequently Asked Questions

What does Unifiedpost Group do?

Unifiedpost Group provides integrated business communication solutions through its cloud-based platform, focusing on making administrative and financial processes simpler for SMEs.

What company did Unifiedpost sell its Wholesale Identity Access business to?

Unifiedpost sold its Wholesale Identity Access business to Your.World B.V.

How will the sale affect Unifiedpost's financial position?

The sale allows Unifiedpost to significantly reduce its net financial debt by repaying a large portion of its loan to Francisco Partners.

What strategic benefits will this sale provide?

The transaction establishes a partnership that will facilitate the offering of Unifiedpost’s Banqup platform to a wider audience across Europe.

When are the key financial reports for Unifiedpost due?

Key reports include the FY 2024 Financial Results on February 27 and the Annual Report on April 17, 2025.

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