Building in a city
Our Work

Latham & Watkins Represents Exela Technologies BPA, LLC in Its Acquisition by XBP Europe Holdings, Inc.

July 31, 2025
Restructuring & Special Situations partners lead the multidisciplinary team advising the business process automation provider in connection with its emergence from chapter 11, exit financing and securitization facilities, and acquisition by XBP Europe Holdings, Inc.

XBP Europe Holdings, Inc. (XBP Europe) (Nasdaq: XBP), a pan-European integrator of bills, payments, and related solutions and services, has finalized its acquisition of Exela Technologies BPA, LLC (Exela BPA), a leading provider of business process automation solutions. The combined entity will operate under the new name XBP Global Holdings, Inc. (XBP Global), reflecting its expanded global footprint and capabilities. This acquisition is expected to expand XBP Global’s annual revenue to over US$900 million, with a workforce of approximately 11,000 employees across 19 countries. The company now serves more than 2,500 clients, including over 60 Fortune 100 companies.

Latham & Watkins LLP represented Exela BPA in connection with its chapter 11 process, exit financing and securitization facilities, and acquisition by XBP Europe Holdings, Inc., with a Restructuring & Special Situations team led by New York partners Ray C. Schrock, Alexander Welch, and Hugh Murtagh, and counsel Adam Ravin, with associates Jon Weichselbaum, Thomas Fafara, Ata Nalbantoglu, Kevin Shang, Brian Herskowitz, Beau Parker, Richard Cantoral, and Saadia Naeem, with assistance from Drew Carlson. Advice was also provided on litigation matters by New York partner Eric Leon and Boston partner Betsy Marks, with associate Kamali Houston; on finance matters by New York partner Marcela Ruenes and counsel Jonathan Wry, with associate Youn Song and assistance from Sam Wintergreen-Arthur, Lucila Dorado, and Ed Prevost; on capital markets matters by New York partner Benjamin Stern and counsel Gemma Mootoo Rajah and associate Jie Lin Nai with assistance from Jenny Ha; on mergers and acquisitions matters by Chicago partner Zachary Judd and counsel Ben Kaplan, with associate Meghan McDuff; on securitization matters by New York associate Maeve Chandler and Chicago associate Ananya Hindupur; and on tax matters by Chicago partner Joseph Kronsnoble, with associates Lukas Kutilek and Jay Khurana.

Endnotes