{"url":"https://newsforagent.com/news/2026-11-12/banqup-group-balkan-divestment","markdown_url":"https://newsforagent.com/news/2026-11-12/banqup-group-balkan-divestment.md","title":"Banqup Group to Sell Balkan Unit for €11.5 Million","headline":"Banqup Group Agrees €11.5 Million Sale of Balkan Business to Local Partners","description":"Banqup Group is selling its Balkan activities to local partners for €11.5 million, with €6 million due at closing and the rest in two annual installments.","section":"Divestitures","published_at":"2026-11-12T06:37:39+00:00","modified_at":"2026-11-12T06:37:39+00:00","author":"News Desk","key_takeaways":["Banqup Group is finalising the sale of 100% of Unifiedpost CEE SIA shares for €11.5 million.","Banqup Group would receive €6.0 million at and shortly after closing, with the balance in two annual installments.","The Balkan companies reported €9.3 million in revenue and €1.3 million in adjusted EBITDA in 2025, with 82 FTEs."],"companies":[{"name":"Banqup Group","is_primary":true,"profile_url":"https://akta.pro/company-profiles/0000uoj/banqup-group","website":"https://www.banqup.com"},{"name":"Francisco Partners","is_primary":false,"profile_url":"https://akta.pro/company-profiles/0000317/francisco-partners","website":"https://www.franciscopartners.com"},{"name":"Lazard","is_primary":false,"profile_url":"https://akta.pro/company-profiles/0000a8b/lazard","website":"http://www.lazard.com"}],"source":{"publisher":"GlobeNewswire","title":"Banqup Group provides update on strategic process and announces the intended divestment in its Balkan activities","url":"https://www.globenewswire.com/news-release/2026/11/12/3401227/0/en/banqup-group-provides-update-on-strategic-process-and-announces-the-intended-divestment-in-its-balkan-activities.html"},"other_sources":[],"tags":["Divestitures","Banqup Group","Francisco Partners","Lazard"],"body_markdown":"[Banqup Group](https://akta.pro/company-profiles/0000uoj/banqup-group) is finalising the sale of 100% of the shares in Unifiedpost CEE SIA to its long-standing local partner and local investors for €11.5 million, the company said in a [GlobeNewswire](https://www.globenewswire.com/news-release/2026/11/12/3401227/0/en/banqup-group-provides-update-on-strategic-process-and-announces-the-intended-divestment-in-its-balkan-activities.html) release on November 12, 2026. Banqup Group is a Belgian fintech provider listed on Euronext Brussels that offers e-invoicing, e-payments, e-reporting and e-trust software. Unifiedpost CEE SIA holds the group's operating companies in Serbia, Bosnia and Herzegovina, the Slovak Republic and Croatia, and owns the eFaktura World platform.\n\n## Banqup's €11.5 Million Balkan Sale Terms\n\nThe €11.5 million price is the equity value of the group's interests in the Balkan companies, of which €7.7 million covers the 67.2% held by Banqup Group and €3.8 million the 32.8% held by subsidiary Financial Automation Solutions OÜ. Banqup Group would receive €6.0 million at and shortly after closing, with the balance in two annual installments secured by a pledge over shares in Unifiedpost CEE SIA. The shares held by Financial Automation Solutions OÜ would transfer within 30 months of closing, with the price paid in full no later than December 31, 2031. Before closing, Banqup Group would acquire the 51% shareholding in Unifiedpost d.o.o. (Zagreb) for €0.5 million so the Croatian e-business activities remain within the group. Signing and completion of the first tranche are subject to formal clearance by the Serbian competition authority. The transaction would produce a net cash inflow of €5.5 million at and shortly after closing, of which €2.0 million would repay a bank facility. The Balkan companies reported revenue of €9.3 million and adjusted EBITDA of €1.3 million in 2025, with 82 FTEs. [Francisco Partners](https://akta.pro/company-profiles/0000317/francisco-partners), Banqup's senior lender, closed $21 billion in capital commitments in July, its largest fundraise in 27 years, according to Private Equity International.\n\n## Banqup's Lazard-Led Strategic Review\n\nAccording to akta.pro [company records](https://akta.pro/company-data), Banqup Group announced a strategic simplification plan in June 2026 to reorganize into autonomous business units and mandated [Lazard](https://akta.pro/company-profiles/0000a8b/lazard) to explore strategic alternatives, including a sale of individual units or the entire group. The same records show an existing senior facilities agreement with Francisco Partners of €25.0 million, with covenant targets including minimum liquidity of €2.5 million. Banqup Group's platform connects over 1 million SMEs across more than 30 countries.\n\n## Banqup's Path to the Balkan Divestment\n\nBanqup Group entered an incremental facility with existing senior secured lender Francisco Partners for an additional committed term facility of €4.0 million in July 2026, GlobeNewswire reported. In August 2026, the company reported first-half subscription revenue up 42.3% year-on-year to €10.4 million and adjusted EBITDA up 16.4% to €6.1 million, with net financial debt of €46.1 million, Yahoo reported. Banqup Group signed a contract with the UAE Federal Tax Authority in September 2026 to develop and implement a Peppol Corner 5 Access Point under the UAE eInvoicing programme, The future of trading reported.\n\n## Banqup's Next Reporting Dates\n\nBanqup Group scheduled publication of its full-year 2026 financial results for February 25, 2027, and its 2026 annual report for April 20, 2027.\n","publisher":{"name":"News for Agent","url":"https://newsforagent.com"}}