PROJECT OUTLINE
Sell-side M&A. Working closely with the Construction Material Online ("CMO") founders, accounts team and lead advisor GCA Altium (London) to support the financial due diligence and completion account process. Private equity house Key Capital Partners ("KCP") acquired a majority stake in CMO, backing an MBO. Finmatix also provided interim finance support post deal, pending the arrival of a permanent Financial Director.
Founded in 2008, CMO is an e-commerce business, operating websites supplying DIY builders and small building contractors through its RoofingSuperstore.co.uk, DrainageSuperstore.co.uk and InsulationSuperstore.co.uk websites.
CLIENT FEEDBACK (MAY 2017)
"We hired Phil to help get our accounts in order for a due diligence process and support the business through a sale transaction and the transition post deal. Phil quickly fitted into our team and was able to immediately grasp the task. He provided huge support to our accounts team. He was able to provide timely, accurate information to make the whole due diligence process as painless as possible. He worked long unsociable hours to meet the deadlines. Following a successful sale Phil is now providing support to CMO awaiting the new incoming FD. I would happily recommend Phil to anyone looking for capable, professional and friendly accounting support."
Rob Kavanagh
Managing Director (CMO)
PROJECT OUTLINE
Buy-side M&A. Working closely with Vitec and the Seller's founder and senior team to undertake a focused piece of financial due diligence and provide advice on the financial aspects of the SPA. Vitec acquired RT Motion, a high-tech business based in Gloucestershire.
Vitec is a leading global provider of premium branded products and solutions to the fast changing and growing “image capture and sharing” market. Vitec design, manufacture and distribute high performance products and software, including camera supports, wireless systems, robotic camera systems, prompters, LED lights, mobile power, monitors and bags.
CLIENT FEEDBACK (SEPTEMBER 2017)
"We recently mandated Philip to conduct detailed financial and operational due diligence of an acquisition target based in Gloucestershire. Philip spent a number of days onsite with the owner and team and provided an extremely detailed report of the business alongside valuable assistance regarding key financial negotiating points in the share purchase agreement. His professional and approachable manner were extremely helpful in maintaining a good relationship with the seller during a high pressure process and his problem solving skills coupled with attention to detail allowed us a much clearer picture of the business than would have otherwise been possible. I would be more than happy to recommend him and offer a reference to anyone seeking to engage Finmatix in the future."
Drew Rogers
Corporate Development (The Vitec Group plc)