Global Blue Completes $225 Million Strategic Growth Equity Investment From Certares and Knighthead
15 June 2022 - 8:29PM
Business Wire
Global Blue Group Holding AG (NYSE: GB and GB.WS), is pleased to
announce it has completed the investment agreement with CK
Opportunities Wolverine S.a.r.l (“CK Opportunities”), an investment
fund co-managed by Certares Opportunities LLC (“Certares”), a
global travel, tourism and hospitality investment firm, and
Knighthead Opportunities Capital Management, LLC (“Knighthead”), a
leading credit investment management firm.
Under the terms of the agreement, dated May 5, 2022, CK
Opportunities has agreed to invest $225 million, of which $180
million is for Series B preferred shares and $45 million is for
common shares. Global Blue intends to use the funds to continue
pursuing strategic add-on acquisitions in Payment and omnichannel
Retail Technology and to fund working capital requirements
associated with the significant recovery underway in its core
Tax-Free Shopping business, after two years of reduced activity due
to the Covid-19 pandemic.
A copy of the agreement can be obtained from the Securities and
Exchange Commission’s website at www.sec.gov or the investor
section of the Company’s website at Global Blue Group Holding AG -
Investor Relations.
ABOUT GLOBAL BLUE
Global Blue pioneered the concept of Tax Free Shopping 40 years
ago. Through continuous innovation, we have become the leading
strategic technology and payments partner, empowering retailers to
improve their performance and shoppers to enhance their
experience.
Global Blue offers innovative solutions in three different
fields:
- Tax Free Shopping: Helping retailers at over 300,000
points of sale to efficiently manage 35 million Tax Free Shopping
transactions a year, thanks to its fully integrated in-house
technology platform. Meanwhile, its industry-leading digital Tax
Free shopper solutions create a better, more seamless customer
experience
- Payments services: Providing a full suite of foreign
exchange and Payments technology solutions that allow acquirers,
hotels and retailers to offer value-added services and improve the
customer experience during 31 million payment transactions a year
at 130,000 points of interaction
- Complementary RetailTech: Offering new technology
solutions to retailers, including digital receipts and eCommerce
returns, that can be easily integrated with their core systems and
allow them to optimise and digitalise their processes throughout
the omni-channel customer journey, both in-store and online
In addition, our data and advisory services offer a
strategic advisory to help retailers identify opportunities for
growth, while our shopper experience and engagement
solutions provide data-driven solutions to increase
footfall, convert footfall to revenue and enhance
performance.
For more information, visit
http://www.globalblue.com/corporate/
Pre-pandemic figures FY 2019-20
Source: Global Blue
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version on businesswire.com: https://www.businesswire.com/news/home/20220615005604/en/
INVESTOR RELATIONS CONTACTS Frances Gibbons – Head of
Investor Relations Mob: +44 (0)7815 034 212 – Mail:
fgibbons@globalblue.com
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