XBP Europe Holdings, Inc. Signs Exclusive Non-Binding Letter of Intent to Acquire Exela Technologies BPA, LLC
XBP Europe Holdings (Nasdaq: XBP) has signed an exclusive, non-binding letter of intent to acquire Exela Technologies BPA, a business process automation solutions provider. The merger would significantly expand XBP Europe's operations, potentially increasing revenue from $145 million to over $1 billion on a pro forma basis for the twelve months ending September 30, 2024.
The acquisition's completion depends on BPA executing a corporate reorganization to achieve a sustainable capital structure with reduced debt. The combined entity aims to leverage AI-enabled technologies and serve BPA's established blue-chip client base in the Americas and growing APAC presence.
The transaction remains subject to definitive agreements, due diligence completion, regulatory approvals, and XBP Europe shareholder approval. No assurance is provided regarding the execution of definitive agreements or transaction completion.
XBP Europe Holdings (Nasdaq: XBP) ha firmato una lettera di intenti esclusiva e non vincolante per acquisire Exela Technologies BPA, un fornitore di soluzioni per l'automazione dei processi aziendali. La fusione espanderebbe significativamente le operazioni di XBP Europe, aumentando potenzialmente i ricavi da 145 milioni di dollari a oltre 1 miliardo di dollari su base pro forma per i dodici mesi che si concluderanno il 30 settembre 2024.
Il completamento dell'acquisizione dipende dall'esecuzione da parte di BPA di una riorganizzazione aziendale per raggiungere una struttura di capitale sostenibile con un debito ridotto. L'entità combinata mira a sfruttare tecnologie abilitate all'IA e a servire la base di clienti affermati di BPA nelle Americhe e la crescente presenza nell'APAC.
La transazione è soggetta a contratti definitivi, completamento della due diligence, approvazioni regolatorie e approvazione degli azionisti di XBP Europe. Non viene fornita alcuna garanzia riguardo all'esecuzione di contratti definitivi o al completamento della transazione.
XBP Europe Holdings (Nasdaq: XBP) ha firmado una carta de intención exclusiva y no vinculante para adquirir Exela Technologies BPA, un proveedor de soluciones de automatización de procesos empresariales. La fusión expandiría significativamente las operaciones de XBP Europe, aumentando potencialmente los ingresos de 145 millones de dólares a más de 1 mil millones de dólares en una base pro forma para los doce meses que finalizan el 30 de septiembre de 2024.
La finalización de la adquisición depende de que BPA ejecute una reorganización corporativa para lograr una estructura de capital sostenible con deuda reducida. La entidad combinada tiene como objetivo aprovechar las tecnologías habilitadas por IA y servir a la base de clientes de primer nivel de BPA en las Américas y su creciente presencia en APAC.
La transacción está sujeta a acuerdos definitivos, finalización de la debida diligencia, aprobaciones regulatorias y aprobación de los accionistas de XBP Europe. No se proporciona ninguna garantía con respecto a la ejecución de acuerdos definitivos o la finalización de la transacción.
XBP 유럽 홀딩스 (Nasdaq: XBP)는 Exela Technologies BPA를 인수하기 위한 독점적이고 비구속적인 의향서를 체결했습니다. 이 합병은 XBP 유럽의 운영을 크게 확장하고, 2024년 9월 30일 종료되는 12개월 기준으로 수익을 1억 4,500만 달러에서 10억 달러 이상으로 증가시킬 가능성이 있습니다.
인수 완료는 BPA가 지속 가능한 자본 구조를 달성하기 위해 기업 재조정을 수행하는 것에 달려 있습니다. 결합된 법인은 AI 기반 기술을 활용하고 BPA의 확립된 블루칩 고객층을 아메리카와 성장하는 APAC 지역에 제공하는 것을 목표로 합니다.
거래는 최종 계약, 실사 완료, 규제 승인 및 XBP 유럽 주주 승인에 따라 달라집니다. 최종 계약의 실행이나 거래 완료에 대한 보장은 제공되지 않습니다.
XBP Europe Holdings (Nasdaq: XBP) a signé une lettre d'intention exclusive et non contraignante pour acquérir Exela Technologies BPA, un fournisseur de solutions d'automatisation des processus métier. La fusion élargirait considérablement les opérations de XBP Europe, augmentant potentiellement le chiffre d'affaires de 145 millions de dollars à plus de 1 milliard de dollars sur une base pro forma pour les douze mois se terminant le 30 septembre 2024.
La réalisation de l'acquisition dépend de l'exécution par BPA d'une réorganisation d'entreprise pour atteindre une structure de capital durable avec une dette réduite. L'entité combinée vise à tirer parti des technologies habilitées par l'IA et à servir la base de clients de premier plan de BPA en Amérique et sa présence croissante en APAC.
La transaction reste soumise à des accords définitifs, à l'achèvement de la diligence raisonnable, aux approbations réglementaires et à l'approbation des actionnaires de XBP Europe. Aucune garantie n'est fournie concernant l'exécution des accords définitifs ou l'achèvement de la transaction.
XBP Europe Holdings (Nasdaq: XBP) hat ein exklusives, unverbindliches Absichtsschreiben zur Übernahme von Exela Technologies BPA, einem Anbieter von Lösungen zur Automatisierung von Geschäftsprozessen, unterzeichnet. Die Fusion würde die Aktivitäten von XBP Europe erheblich erweitern und könnte die Einnahmen von 145 Millionen Dollar auf über 1 Milliarde Dollar auf pro forma Basis für die zwölf Monate bis zum 30. September 2024 steigern.
Der Abschluss der Übernahme hängt davon ab, dass BPA eine Unternehmensumstrukturierung durchführt, um eine nachhaltige Kapitalstruktur mit reduzierter Verschuldung zu erreichen. Das kombinierte Unternehmen hat das Ziel, KI-gestützte Technologien zu nutzen und die etablierte Blue-Chip-Kundenbasis von BPA in Amerika und die wachsende Präsenz im APAC-Raum zu bedienen.
Die Transaktion unterliegt endgültigen Vereinbarungen, dem Abschluss der Due Diligence, behördlichen Genehmigungen und der Genehmigung der Aktionäre von XBP Europe. Es wird keine Garantie für die Ausführung der endgültigen Vereinbarungen oder den Abschluss der Transaktion gegeben.
- Revenue potential increase from $145M to over $1B
- Access to blue-chip client base in Americas and APAC
- Expansion into AI-enabled technologies
- Geographic market expansion
- Deal contingent on BPA's debt restructuring
- Non-binding agreement with no guarantee of completion
- Multiple approval requirements could delay or prevent closure
Merger would expand XBP Europe into a
SANTA MONICA, Calif., March 04, 2025 (GLOBE NEWSWIRE) -- XBP Europe Holdings, Inc. (“XBP Europe”) (Nasdaq: XBP), a pan-European integrator of bills, payments, and related solutions and services, today announced that it has entered into an exclusive, non-binding letter of intent with Exela Technologies, Inc. to acquire Exela Technologies BPA, LLC (“BPA”), a leading provider of business process automation solutions. The closing of the acquisition will be subject to BPA completing a corporate reorganization which is expected to create a sustainable capital structure with a substantially deleveraged balance sheet. If completed, the acquisition will expand XBP Europe’s revenue to more than
“We are excited to announce this possible transaction, which will combine the forces of XBP Europe and BPA in a new way and allow us to pursue opportunities deploying the latest AI-enabled technologies and with a very robust balance sheet,” said Andrej Jonovic, Chief Executive Officer of XBP. “BPA has a longstanding blue chip client base in the Americas and a growing business in APAC, and with a reconstituted global platform, we look forward to competing with the top global business process automation players.”
The parties have agreed to act in good faith to negotiate definitive agreements, complete due diligence, undertake necessary regulatory approvals, and seek any necessary approvals, including from XBP Europe's shareholders. Accordingly, there can be no assurance that a definitive agreement will be entered into or that the proposed transaction will be consummated. Readers are cautioned that those portions of the LOI that describe the proposed transaction are non-binding. XBP Europe only intends to announce additional details regarding the proposed transaction if and when a definitive agreement is executed.
About XBP Europe Holdings, Inc.
XBP Europe is a pan-European integrator of bills, payments and related solutions and services seeking to enable digital transformation of its more than 2,000 clients. The Company’s name – ‘XBP’ stands for ‘exchange for bills and payments’ and reflects the Company’s strategy to connect buyers and suppliers, across industries, including banking, healthcare, insurance, utilities and the public sector, to optimize clients’ bills and payments and related digitization processes. The Company provides business process management solutions with proprietary software suites and deep domain expertise, serving as a technology and services partner for its clients. Its cloud-based structure enables it to deploy its solutions across the European market, along with the Middle East and Africa. The physical footprint of XBP Europe spans 15 countries and 32 locations and a team of approximately 1,500 individuals. XBP Europe believes its business ultimately advances digital transformation, improves market wide liquidity by expediting payments, and encourages sustainable business practices. For more information, please visit: www.xbpeurope.com.
About Exela Technologies BPA, LLC
BPA is a leading provider of business process automation solutions, leveraging a global footprint and proprietary technology to provide digital transformation solutions enhancing quality, productivity, and end-user experience. With decades of experience operating mission-critical processes, BPA serves a growing roster of more than 1,550 customers worldwide. Utilizing foundational technologies spanning information management, workflow automation, and integrated communications, BPA’s software and services include multi-industry, departmental solution suites addressing finance and accounting, human capital management, and legal management, as well as industry-specific solutions for banking, healthcare, insurance, and the public sector. Through cloud-enabled platforms, built on a configurable stack of automation modules, and approximately 11,000 employees operating in 5 countries, BPA rapidly deploys integrated technology and operations as an end-to-end digital journey partner.
Cautionary Statement Regarding Forward-Looking Statements
This press release contains forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995 that involve risks and uncertainties. These statements include, without limitation, predictions regarding the possible transaction, and relate to future events or our future financial performance. In some cases, you can identify forward-looking statements by terminology such as “may,” “should,” “expects,” “plans,” “anticipates,” “believes,” “estimates,” “predicts,” “potential” or “continue” or the negative of these terms or other comparable terminology. These statements are only predictions. Actual events or results may differ materially from those stated or implied by these forward-looking statements as a result of various important factors, including without limitation those discussed under the heading “Risk Factors” in XBP Europe’s Annual Report on Form 10-K and other securities filings. XBP Europe assumes no obligation to update any forward-looking statements, which speak only as of the date they are made.
Contact: investors@xbpeurope.com
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FAQ
How much would XBP Europe's revenue increase after acquiring Exela Technologies BPA?
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