LEAP

Exclusive advisor to the buyer.

Background

LEAP Group was formed to acquire the assets of Metal Networks, an online quoting platform for metals distribution and procurement based in Austin, Texas.

LEAP Group's shareholders had not concluded a cross-border transaction, nor had they bought software assets from a pre-eminent venture capital firm before. They sought FirePower's help negotiating price and terms for Metal Networks, and structuring the financing for it.

Solution

LEAP brought us into the transaction at an advanced stage, and discussions were stale. We proposed fresh ideas on three contentious deal points, and retained new legal counsel (Texas-based, instead of Ontario-based) for our client, which helped resolve a few more issues.

Due diligence resumed with our guidance, and the deal closed shortly thereafter. Our insertion into the deal proved to be a catalyst that led to a win-win conclusion.

Investment Banking IT Software & Services
Case Studies

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Applied Comfort
Applied Comfort is a designer and manufacturer of non-standard HVAC systems for commercial, industrial and institutional facilities. FirePower guided the company in its search for a strategic partner, concluding a transaction with a UK-based strategic, with a complementary product portfolio and distribution capabilities.

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Market Insights
From the archives: October 2018

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