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November 27, 2007
updated: SEP Leads €26M Kiala Deal
Scottish Equity Partners (SEP) informed us today that it led a €26M investment in Kiala, the Pan-European package delivery company founded and led by serial entrepreneur Denis Payre (photo of the stylish Euro founder above).
We've been covering Kiala's trajectory for several years and it is certainly on a growth track.
SEP was joined by several other investors, including funds related to La Poste and TPG (TNT Post Group). GP Bullhound advised Kiala on the round.
This post may be updated as we've requested more information from SEP about the investment, if it was a capital increase, or involved purchasing of a stake from an early shareholder.
Update: SEP has confirmed that investment is in a new share issue at higher valuation than the previous round. No further terms are being disclosed. The new capital is to be used to expand the business into further key European markets.
Read- Kiala Goes From Zero to Hero
Posted on November 27, 2007 04:23 PM | Posted to News And Updates | Permalink
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