| Date: | July 2022 |
|---|---|
| Project: | Business sale support |
| Sector: | Business Services |
| Role: | Financial modelling support on business sale |
Forward is delighted to have continued its relationship with Bionic, providing financial modelling support on the sale of the business to OMERS Private Equity.
Bionic is the smart way for Britain’s SMEs to sort their business essentials such as energy, connectivity, insurance and finance. Their tech-enabled experts make life easier for small business owners, saving them time and money.
ECI partnered with Bionic in 2017 when it was still called Make it Cheaper. Since then the business has significantly transformed; successfully making six acquisitions, rebranding to Bionic, building out product offerings, increasing routes to market and investing in market-leading digital propositions and technology.
Following ECI’s investment in Make it Cheaper, Forward began a relationship with the company’s finance team, to support them on subsequent acquisitions and refinancing.
In preparing for the sale, Forward worked with the team to build a group financial model, incorporating all the acquisitions, capturing key historical financials, KPIs and business drivers, and generating a 5 year forecast plan to underpin the investment case for a buyer.