Global Blue completes $225 million strategic growth equity investment in Certares and Knighthead

Global Blue Group Holding AG (NYSE: GB and GB.WS), is pleased to announce that it has entered into the Investment Agreement with CK Opportunities Wolverine Sarl (“CK Opportunities”), a co-managed investment fund by Certares Opportunities LLC (“Certares”), a global travel, tourism and hospitality investment company, and Knighthead Opportunities Capital Management, LLC (“Knighthead”), a credit investment management company of foreground.

Under the terms of the agreement, dated May 5, 2022, CK Opportunities has agreed to invest $225 million, including $180 million for Series B preferred stock and $45 million for common stock. Global Blue intends to use the funds to pursue complementary strategic acquisitions in payment and omnichannel retail technologies and to fund working capital requirements associated with the significant recovery underway in its core retail business. excluding tax, 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 website at www.sec.gov or the investors 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 partner in technology and payment, enabling retailers to improve their performance and shoppers to improve their experience.

Global Blue offers innovative solutions in three different areas:

  • Tax-free purchases: Helping retailers with over 300,000 outlets efficiently manage 35 million Tax Free Shopping transactions per year, thanks to its fully integrated in-house technology platform. Meanwhile, its industry-leading digital duty-free shopping solutions create a better and more seamless customer experience.
  • Payment services: Delivering a full suite of currency and payment technology solutions that enable acquirers, hotels and retailers to deliver value-added services and improve customer experience across 31 million payment transactions per year to 130 000 interaction points
  • Complementary RetailTech: Delivering new technology solutions to retailers, including digital receipts and e-commerce returns, that can be easily integrated into their core systems and allow them to optimize and digitize their processes throughout the omnichannel customer journey, both in-store and online

Additionally, our data and consulting services offer strategic advice to help retailers identify growth opportunities, while our customer experience and engagement solutions provide data-driven solutions for increase attendance, convert attendance into revenue and improve performances.

For more information, visit http://www.globalblue.com/corporate/

FY 2019-20 pre-pandemic figures

Source: Global Blue

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