Stibbe advises Banqup on additional shareholder funding and the sale of its Baltic operations
Stibbe has advised Banqup, a leading provider of integrated business communications solutions, on several key strategic initiatives. These include securing a subordinated shareholder loan of up to €6 million and recalibrating the financial covenant framework under its existing senior facilities agreement with Francisco Partners. Stibbe also assisted Banqup in signing a share purchase agreement with Fitek Oü for the sale of its Baltic operations.
To support its working capital requirements and the rollout of Banqup in the French market, the company has entered into a shareholder loan agreement with a consortium of existing shareholders, including SFPIM NV, Alychlo NV and PE Group N.V.
Banqup has additionally reached an agreement with its senior lender to recalibrate the financial covenant framework applicable to its senior facilities. This updated framework provides the company with greater financial flexibility to implement its growth strategy while maintaining prudent financial oversight.
Banqup has also signed a share purchase agreement with Fitek Oü for the divestment of its Baltic operations. Upon completion, this transaction is expected to further strengthen Banqup’s balance sheet and allow Banqup to focus its resources on its core digital services activities in key European markets. Closing remains subject to regulatory approvals and is expected by the end of February 2026.
For more details, we kindly refer to Banqup’s press release.
