Forward support Horizon on its investment in BP3 Global

Forward is delighted to continue its relationship with Horizon Capital, supporting the firm on its investment in BP3 Global, its third new platform investment in 2021.

Founded by Lance Gibbs and Scott Francis, BP3 Global is a European and North American provider of intelligent automation services and solutions. The Company has over 130 employees globally and plans further growth in the intelligent automation market with a particular focus on intelligent document processing, robotic process automation, and intelligent process automation. BP3 also plans to expand into new markets to provide clients around the world with more focus, more foresight, more follow-up approach to every engagement.

The new investment will accelerate BP3’s organic growth and includes significant follow-on funding to support the company’s ambition to complete multiple acquisitions in the growing and fragmented market.

Forward provided financial support to Horizon on the transaction, collating financial data, assessing historical performance and KPIs, and building a fully integrated financial model to feed into the due diligence process.

Commenting on the transaction Tom Maizels, Horizon Capital said: “Forward again provided valuable support to us on this transaction. Their ability to quickly collate the data, analyse and present the information helped us to really understand the business before we moved into detailed due diligence.”

Forward Corporate Finance Director, Sarah Moores, commented, “It was a pleasure to work with the Horizon team again on this acquisition. With quality platform acquisitions like BP3, they continue to enhance their reputation as one of the leading private equity investors in the technology and services space.”

Our services

Debt Advisory

As businesses revenue streams and service delivery continue to evolve, the debt market tends to follow suit. Access to sufficient liquidity is critical for financing working capital, growth, capex, and a partial/full exit. Whether you are an asset heavy, or more service orientated operator, there are a broad range of debt finance instruments available to help meet both your current, and future cash requirements.

Management Buy Outs / Ins

Management buy outs are another way of buying or selling a business – it is a sale of the business to a management team. However, in most cases, you as a group of managers will not have the funds to buy the business and will require assistance from banks, private equity and the vendor.