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Eppf completed the acquisition of NowCP from Orange.

Synopsis

Eppf, an independent capital-markets-as-a-service provider, completed the acquisition of NowCP, an issuing and trading platform for short term debt, from Orange, a French multinational telecommunication group. Financial terms were not disclosed. "We are extremely excited to welcome NowCP and its team to the eppf family. This will allow us to build the first global primary debt market, regulated to the highest standards, and to provide our clients a fully digital and integrated value chain for CP, bonds and other financial instruments such as loans, Euro Private Placement and Schuldscheine. It also confirms eppf and NowCP as the only European, neutral platform supported by a broad base of banks and other financial institutions. Finally, we would like to thank Orange, the other NowCP shareholders, their teams and advisers for making this transaction possible. The combined group is looking very much forward to working with our new stakeholders and clients," Robert Koller, eppf CEO and Founder.

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