BDO provided vendor due diligence, tax structuring and SPA advice to Proxima in relation to their sale to Bain & Company.
Proxima is a procurement consulting firm operating in Europe and North America and has been enjoying great demand from large enterprise clients, with factors such as ESG and the macroeconomic environment driving companies to focus on their supply chain. The acquisition by Bain & Company, shortly after its acquisition of ArcBlue, adds to Bain's global capabilities in procurement transformation.
“BDO’s financial diligence team assisted both our recapitalisation and subsequent exit. The team, led by Derek Neil, understood the key drivers of a professional services firm and was instrumental in our transaction preparation and execution.”
Henry Smithers, EST Partners
"We have been working with Proxima for several years and it's great to have helped the management team achieve their goal."
Derek Neil, Partner, BDO LLP