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
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Market Insights
From the archives: September 2019

The Path to Exit and Beyond: Entrepreneurs' Stories, Part II
“The sale of a company can mark the beginning of a major time of reinvention and renewal...but It can potentially lead to a difficult…

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