TS International Snapshots 2022

BDO International Snapshots 2022 showcases a selection of our recent deals around the world.

TRANSACTION SERVICES INTERNATIONAL SNAPSHOTS 2022 BDOTRANSACTION SERVICES DEALS FROMAROUNDTHEWORLD

BDOGLOBAL CORPORATE FINANCE WHAT SETS US APART

WELCOME Welcome to our 2022 edition of International TS Snapshots

After a COVID induced rest, we are happy to be back producing our International Snapshots brochure, where we put together a selection of deals that our Transaction Services teams have worked on across the globe. We are delighted and very proud to have been named No. 1 M&A Advisor and Accountant globally in the Pitchbook league tables 2021. Our global transaction services deal volume increased by 50% during 2021, serviced by a growing team of specialists in over 80 countries. I hope you enjoy this edition of International TS Snapshots in what we hope is a post COVID world, albeit at the time of writing this not one without geopolitical challenges.

WITH A TOTAL DEAL VALUE OF 2,020

$128.6bn DEALS IN 2021

ONE OF THE MOST ACTIVE ADVISERS GLOBALLY *

GRAHAM ELMSWORTH PARTNER, HEAD OF TRANSACTION SERVICES

graham.elsworth@bdo.co.uk

*1st most active M&A Advisor Globally – Pitchbook league tables 2021 1st most active Advisor & Accountant Globally 2021 – Pitchbook league tables 2021

2nd leading Financial Due Diligence provider Globally – Mergermarket global accountant league tables 2021

BDOTRANSACTION SERVICES

DENMARK PG.17

CONTENTS

NORWAY PG.31

CZECH REPUBLIC PG.15

THE NETHERLANDS PG.42

UK PG.46

GERMANY PG.21

IRELAND PG.27

CANADA PG.11

BELGIUM PG.8

HUNGARY PG.25

SPAIN PG.38

USA PG.48

TURKEY PG.44

PORTUGAL PG.34

HONG KONG PG.23

ITALY PG.29

MALAYSIA PG.30

FRANCE PG.18

GEORGIA PG.20

PERU PG.32

ARGENTINA PG.4

SWITZERLAND PG.40

AUSTRALIA PG.6

INDIA PG.26

CHILE PG.13

ZIMBABWE PG.50

SINGAPORE PG.36

BRAZIL PG.10

SERBIA PG.35

INTERNATIONAL SNAPSHOTS 2022

BDOTRANSACTION SERVICES

ARGENTINA

Sofrecom sells its business unit in Argentina to Grupo Olmos

The BDO Transaction Services team in Argentina, provided financial due diligence and M&A support to Grupo Olmos on the purchase of Sofrecom Argentina. SofrecomArgentina, a company of Orange group, is a provider of computer services, information technology and network infrastructure. It is one of the international leaders in IT services and solutions and networks specialising in Digital Transformation, with more than 120 clients in the region. Grupo Olmos, is a leading Argentine holding company in healthcare services and media. It owns more than eight communications media, of which the best known are: Cronica and BAE Negocios.

The BDOTransaction Services team in Argentina provided buy-side due diligence (financial, accounting, tax and labor) and inventory support toGeorgalos on the purchase of Alimesa S.A. Alimesa S.A., located in the north of La Rioja, has 45 employees and produces cocoa powder under the brands Toddy, Zucoa and Okey. Georgalos Hnos. S.A. was founded in 1939, and with 1,000 employees, four production plants and two distribution centres, it is one of the biggest Argentine food companies, which mainly produces candies and chocolates.

The US multinational PepsiCo sells Alimesa S.A. with their plant in La Rioja and its brands Toddy, Zucoa and Okey to Georgalos Hnos

BDO contact for this transaction

FERNANDOGARABATO Partner fgarabato@bdoargentina.com MIGUEL ANGEL FARAH Director mfarah@bdoargentina.com

INTERNATIONAL SNAPSHOTS 2022

BDOTRANSACTION SERVICES

AUSTRALIA

Acquisition of the CWGroup by Azelis S.A.

Azelis Australia is active in a broad range of markets – personal care, home care and industrial cleaning, agriculture and horticulture, pharmaceutical, animal health, food, CASE, leather and textile and timber treatment and other chemicals. The CWP Group is headquartered in Sydney, New SouthWales and specialises in the distribution of food ingredients for the bakery and meat market as well as specialty chemicals for the agriculture market. BDO was engaged by Azelis S.A to perform the financial and tax due diligence and assist with the SPA completion mechanism. BDO’s due diligence reports were very helpful for the structuring and completion of our CWP acquisition. The BDO teams provided regular updates and advice throughout the process that helped us achieve a positive outcome for both sides. We would not hesitate to recommend BDO for this type of work.

Nomura Research Institute, Ltd (NRI) completed the acquisition of Planit Test Management Solutions Pty Ltd (Planit) on 14 May 2021. NRI completed the acquisition through its Australian subsidiary Nomura Research Institute Australia, Pty Ltd. The acquisition of Planit builds on NRI’s previous investments in Australia including ASG Group Limited and Australian Investment Exchange Limited. Planit is headquartered in Sydney and specialises in providing software testing, quality engineering and automated testing solutions, as well as related consultancy services. BDO was engaged by Nomura Research Institute Australia to perform the financial and tax due diligence, and also to assist with the SPA completion mechanism drafting. BDO’s due diligence reports and advice were hugely helpful for evaluating our Planit acquisition and ensuring a positive outcome. The BDO teams provided advice throughout the process that helped us achieve a positive outcome, and worked to tight deadlines to ensure that the transaction progressed smoothly. We would not hesitate to recommend BDO’s due diligence services.

Acquisition of Planit Test Management Solutions by Nomura Research Institute

BDO contact for this transaction

SEBASTIAN STEVENS Partner in Charge Advisory Corporate Finance sebastian.stevens@bdo.com.au

Dennis Verhaert | Head of M&A, Azelis S.A.

Yohei Takatsu | Manager of Financial Team, Nomura Research Institute

INTERNATIONAL SNAPSHOTS 2022

BDOTRANSACTION SERVICES

BELGIUM

Financial due diligence on behalf of the lead investors at the occasion of a financing round of EyeD Pharma

The BDO Transaction Services team in Belgium performed the financial due diligence on the med-tech company EyeD Pharma in the context of its EUR45 million financing round. EyeD Pharma is a leader in the development and production of micro-implants ensuring a controlled release of drugs in ophthalmology. We had the opportunity to collaborate with the BDO Corporate Finance team at the occasion of our last (EUR45 million) financing round as BDOwas mandated by our lead investors for conducting the financial aspects of the due diligence of our project. While performed under a sharp time constraint, the BDO team’s work was done in a very rigorous and transparent mode. They showed a unique ability to quickly and precisely deep dive in our financial statements, cost accounting reports and business plans. Their contribution, rigorousness and constructive approach definitely helped to enhance the confidence between the parties in the preparation of the closing process.

The BDO Financial Due Diligence team in Belgium conducted the financial vendor due diligence on Diagenode. Diagenode is a dedicated supplier for sample preparation products for next generation sequencing, proteomics, and epigenetics research. The US based Hologic group acquired Diagenode.

Financial vendor due diligence performed on Diagenode

Of all the consultants that accompanied us in this deal, BDO clearly stood out... Very supportive, super professional and with a competitive offer respected during the entire project.

Didier Allaert | CEO and Founder of Diagneode

BDO contact for this transaction ALEXANDERVEITHEN Partner alexander.veithen@bdo.be AUDREY KINDT Senior Manager audrey.kindt@bdo.be

BDO contact for this transaction ALEXANDERVEITHEN Partner alexander.veithen@bdo.be ARNAUD LECRENIER Partner arnaud.lecrenier@bdo.be

Marc Froidart | Chairman and Co-Founder

INTERNATIONAL SNAPSHOTS 2022

BDOTRANSACTION SERVICES

BRAZIL

CANADA

Due diligence of one of the largest sanitation companies in Brazil for potential privatization

The BDO Transaction Services team in Brazil assisted the national bank with accounting, financial, tax, and labor due diligence of one of the largest sanitation companies in Brazil, COPASA, for potential desestatization (Brazil's National Privatization Program). Companhia de Saneamento de Minas Gerais – COPASA MG, with a history of more than 55 years, belongs to the ESG sector, its shares are currently traded on the B3 under the symbol CSMG3, and is listed on the Novo Mercado, a segment that requires higher standards transparency and corporate governance rules. The Company's main activities include the supply of drinking water (collection, treatment and distribution of treated water to final consumers), sanitary sewage (collection, transport, treatment and final disposal of sewage, from the building connection to the final disposal in the environment), urban cleaning and solid waste management. In December 2020, COPASA owned 640 concessions for the provision of water supply services, serving 11.8 million people through 5.5 million units, and 310 sewage concessions, serving 8.3 million people with sewage services through 3.8 million units.

F12.net is a leading managed IT service provider of comprehensive IT platforms designed to eliminate the IT risk and complexity for small and medium-sized entities across Canada. In 2020 F12.net partnered with Canadian based mid market Private Equity firmClairvest, with the intention of continuing to help scale F12.net to new levels. In 2021, the BDO Financial andTax Diligence team in Canada advised F12.net on its two acquisitions, Xylotek Solutions Inc. ('Xylotek') and My Blue Umbrella ('MBU'). Xylotek is a leader in providing IT services to small and medium-sized enterprises ('SME') in the southwest region of Ontario, Canada. The addition of Xylotek adds capable leadership, bench strength, and geographic reach to F12, aiding in F12’s goal to eliminate IT risk and complexity for SMEs across Canada. MBU, is a full-service IT business-transformation company with an extensive range of services in the Greater Toronto Area of Canada.

Acquisition of Xylotek Solutions Inc. and My Blue Umbrella by F12.net

BDO contact for this transaction MAURO JOHASHI Partner mauro.johashi@bdo.com.br

BDO contact for this transaction JAMIEWINDLE Partner jwindle@bdo.ca

INTERNATIONAL SNAPSHOTS 2022

BDOTRANSACTION SERVICES

CANADA

CHILE

Acquisition of MindBeacon Holdings Inc. by CloudMD Software and Services Inc

The BDO Transaction Services team in Canada advised CloudMD, a healthcare technology company on its acquisition of MindBeacon, a digital mental healthcare platform that provides a continuum of care.

Under the leadership of BDO Chile, a cross border team with the participation of BDO Peru and Paraguay conducted a buy-side due diligence for the Brazilian environmental management group Ambipar in the context of the acquisition of 'Disal Ambiental Holding'. Disal is a Chilean company with more than 40 years of experience in comprehensive environmental solutions and operations in Chile, Peru and Paraguay.

Acquisition of Disal by Ambipar Group

Disal specialises in comprehensive industrial waste management services, where it provides solutions for the collection and treatment of solids, liquids and hazardous materials.

BDO contact for this transaction SUNIL SHARMA Partner ssharma@bdo.ca

BDO contact for this transaction EMILIOVENEGAS Partner evenegas@bdo.cl CATALINA CHAVEZ Manager catalina.chavez@bdo.cl

INTERNATIONAL SNAPSHOTS 2022

BDOTRANSACTION SERVICES

CHILE

CZECH REPUBLIC

Acquisition of Elaboradora de Envases S.A. (EDENSA) by Metalpren

The BDO Transaction Services team in Chile provided a buy-side due diligence to the Peru based metal containers and lids manufacturer 'Metalpren' on the acquisition of 'EDENSA', a Chilean tin containers producer with more tan 50 years of experience. EDENSA is a leader in the industry with participations in the fruit and vegetable, fishing, paint and other markets.

BDO supported HELUZ, a local brick manufacturer during the acquisition

Acquisition of IZOS by Heluz

of a local insulating glass manufacturer.

The BDO Transaction Services team in the Czech Republic provided financial and tax due diligence services to HELUZ in connection with the acquisition of IZOS, a local insulating glass manufacturer. The Prague based Transaction Services team also assisted with purchase price negotiations and provided SPA advisory to HELUZ.

BDO contact for this transaction EMILIOVENEGAS Partner evenegas@bdo.cl CATALINA CHAVEZ Manager catalina.chavez@bdo.cl

BDO contact for this transaction MILAN SVOBODA Head of Transaction Advisory milan.svoboda@bdo.cz

INTERNATIONAL SNAPSHOTS 2022

BDOTRANSACTION SERVICES

CZECH REPUBLIC

DENMARK

Acquisition of Solid Power Distribution A by BayWa r.e.

BDO supported BayWa during the acquisition of a leading wholesaler of components for photovoltaic powerplants in the Czech Republic. The BDO Transaction Services team in the Czech Republic provided financial and tax due diligence services to BayWa GmbH in connection with the acquisition of Solid Power Distribution, a leading wholesaler of components for photovoltaic powerplants in the Czech Republic. The Prague based Transaction Services team also assisted with purchase price negotiations, inventory count review at closing and provided SPA advisory to BayWa.

The BDO Transaction Services teams in Denmark and Sweden provided financial and tax due diligence services to Efficy SA from Belgium on two transactions during 2021. Efficy SA, backed by the PE's Fortino Capital and APAX acquired webCRM A/S from Denmark and Apsis Group AB from Sweden. WebCRM is the no.1 independent CRM provider in Denmark. The company offers a very configurable, easy to use and highly secure cloud-based CRM system. Apsis Group AB is a leading Nordic provider of data-driven marketing with 20 years of experience providing solutions for email marketing, marketing automation and marketing personalisation. Efficy is a software provider offering medium and large businesses a complete, flexible, and extended CRM (Customer Relationship Management) solution which helps companies manage their customer relationships.

AcquisitionofApsisGroupAB inSwedenandwebCRMA/S in DenmarkbyEfficySAbacked by FortinoCapital andAPAX

BDO contacts for this transaction MILAN SVOBODA Head of Transaction Advisory milan.svoboda@bdo.cz

BDO contacts for this transaction

PER BECH Director Prb@bdo.dk

INTERNATIONAL SNAPSHOTS 2022

BDOTRANSACTION SERVICES

FRANCE

Trajan Capital invested in adfinitas Group

The BDO Corporate Finance team in France provided transaction services support to TRAJAN, a private equity fund which partners with ambitious entrepreneurs, in the context of its investment in adfinitas. Adfinitas is a European data-driven marketing and communication agency dedicated to non-profit organisations. With TRAJAN as a new growth partner, adfinitas aims to become the leading data-driven agency focused on philanthropy on a European scale. In the years ahead, adfinitas aims at broadening its services offering and performing build-up acquisitions. The Group has a turnover of EUR20 million and achieved an average annual growth rate of more than +20% for the last three years.

The BDOTransaction Services team in France assisted Polygon Group in its acquisition of the SaT Group, which specialises in asbestos removal and decontamination, particularly in the energy sector. Through this acquisition, Polygon Group completes its service offering in France but will also benefit from SaT's know-how to address other markets in Europe.

Polygon acquired SaT France and SaT Luxembourg

BDO contact for this transaction ALBAN CABANIS Partner alban.cabanis@bdo.fr

INTERNATIONAL SNAPSHOTS 2022

BDOTRANSACTION SERVICES

GEORGIA

GERMANY

Valuation of St. Vincent Co-operative Bank Limited

The BDO Corporate Finance team in Georgia worked with BDO Eastern Caribbean on the valuation of 100% shares of St. Vincent Co-operative Bank Limited, one of the oldest indigenous financial institutions in St. Vincent and the Grenadines. The St. Vincent Co-operative Bank Limited officially opened its doors on 1st February 1945, operating under a license issued by the Eastern Caribbean Central Bank (ECCB) and regulated under the Banking Act of 2015 and the laws of St. Vincent and the Grenadines. The Bank is engaged in retail banking and mortgage financing activities, more specifically its operations have historically been primarily of a Savings and Loans nature as well as Deposits and ATM services since 2010.

The BDO Corporate Finance team in Germany advised Evonik Industries on the acquisition of Barcelona based Infinitec Activos. Evonik Industries, is one of the world leaders in specialty chemicals active in more than 100 countries, generating sales of EUR12.2 billion with 33,000 employees. Infinitec Activos S.L. is a Barcelona based speciality chemical group, whose research and innovation focusses on building the next generation of cosmetic delivery systems for cosmetic active ingredient applications.

Acquisition of Infinitec Activos S.L. by Evonik Industries AG

BDO contact for this transaction

MAIA KHACHIDZE Partner Head of Corporate Finance mkhachidze@bdo.ge

THORSTEN ZWIENER Partner thorsten.zwiener@bdo.de

INTERNATIONAL SNAPSHOTS 2022

BDOTRANSACTION SERVICES

GERMANY

HONG KONG

Acquisition of Steinmüller Babcock Environment GmbH by Hitachi Zosen Inova AG

Hitachi Zosen Inova (HZI) is a global cleantech company that is active in the fields of energy from waste (EfW) and renewable gas. HZI has been a part of Hitachi Zosen Corporation, one of Japan's largest industrial and engineering companies, since 2010. The medium-sized company is part of the Japanese Nippon Steel Engineering Co, Ltd. – which is the second largest steel manufacturer in the world. Steinmüller Babcock Environment GmbH is known for creating, producing and maintaining cutting-edge technology for thermal waste treatment and flue gas cleaning. Steinmüller Babcock Environment has successfully launched many innovative products, such as the first industrial SCR (Selective Catalytic Reduction) large-scale plant in Europe, the Inconel cladding used in a Waste to Energy plant, and the world’s first water-cooled grate. BDO has provided services in the areas of Corporate Finance, Transaction Tax and Transaction Legal.

The BDO Transaction Services team in Hong Kong provided financial due diligence review services to Fujincheng Investment Holdings Co., Ltd ('Fujincheng') in connection with its acquisition of LKS Holding Group Limited (currently known as 'Standard Development Group Limited'), a listed interior renovation company based in Hong Kong (stock code: 1867).

Acquisition of LKS Holding Group Limited by Fujincheng

Fujincheng is a British Virgin Islands incorporated investment holding company.

Thank you for your work and timely follow up with

our request.

Ms. Wang Ruo Meng | Finance manager of Shandong Fujincheng

BDO contact for this transaction

FRANK SCHOLL Partner frank.scholl@bdo.de

ERIC PAT Director

ericpat@bdo.com.hk KENNETHWONG Principal kennethwong@bdo.com.hk

INTERNATIONAL SNAPSHOTS 2022

BDOTRANSACTION SERVICES

HONG KONG

HUNGARY

Mitsui & Co invested in Bowtie Life Insurance

The BDO Transaction Services team in Hong Kong provided financial and tax due diligence services to Mitsui & Co., Ltd ('Mitsui') in connection with the investment in Bowtie Life Insurance Company Limited ('Bowtie'). Mitsui is one of the largest Japanese trading firms, and the majority shareholder in IHH Healthcare Berhad, a major healthcare network. The investment by Mitsui fuels Bowtie’s ambition to scale across Asia and co-develop value-based healthcare in the region. Bowtie Life Insurance was granted the first virtual insurance license from Hong Kong Insurance Authority in 2018. Since its launch in 2019, Bowtie offers an agent-free, commission-free and convenient online platform for health insurance plans.

The BDOTransaction Services team in Hungary provided financial due diligence to the Hungarian based private equity Chi Fu Investment Fund

Chi Fu Investment Fund Management Zrt invested in Váci Enterprise Kft

Management Zrt. in connection with the

acquisition of a minority quota and contribution of future financing for Váci Enterprise Kft., owner of a 300.000 GBA sqm real

estate development project in Budapest.

BDO contact for this transaction

BDO contact for this transaction ÁDÁMWILDER Director adam.wilder@bdo.hu

ERIC PAT Director

ericpat@bdo.com.hk KENNETHWONG Principal kennethwong@bdo.com.hk

Thank you for your work.

Mr. Daisuke Fujita | Manager of Mitsui & Co., Ltd.

INTERNATIONAL SNAPSHOTS 2022

BDOTRANSACTION SERVICES

INDIA

IRELAND

UFP Industries acquires controlling equity position in Ficus Pax Pvt Ltd

Through an interfirm arrangement BDO USA appointed the BDO Transaction Services team in India to provide financial and tax due diligence and transaction structuring support to UFP Industries in connection with the acquisition of Ficus Pax Private Limited, a leading producer of industrial packaging in India. UFP Global Holdings Ltd., acquired 70 percent of the equity in Ficus Pax Private Limited (Ficus Pax), for approximately USD13.5 million. Headquartered in Bangalore, India, Ficus Pax manufactures mixed-material cases and crates, nail-less plywood boxes, wooden pallets and other packaging products through 10 facilities located in major industrial markets throughout southern India. Ficus Pax also owns a majority stake in Wadpack, a manufacturer of corrugated fibre board containers, corrugated pallets and display solutions. The company had trailing 12-month sales through August 2021 of approximately USD39 million and 600 plus employes. The investment and support that UFP will provide to Ficus Pax and Wadpack will allow them to expand their sales outreach, increase their capacity, automate in ways that will improve their productivity, and gain more flexibility in sourcing materials.

The BDO Transaction Services team in Ireland provided vendor due diligence services to assist John Laing Group plc on their divestment of its 35.6MW Irish wind farm, Glencarbry, to Greencoat Renewables plc on 1 April 2021 for a reported consideration of EUR31.2 million. John Laing is a leading international investor and manager of PPP projects and mid-market infrastructure businesses across a range of sectors. The Group originally acquired GlencarbryWindfarm in 2015 and actively managed the project through the final stages of construction, bringing it into operation in 2017. This divestment supported the Group’s strategy to reduce its exposure to Renewable Energy generation assets. Greencoat Renewables is an owner and operator of renewable energy infrastructure assets in Europe. This investment by Greencoat Renewables supported their strategy to expand their wind farm portfolio across Europe.

Sale of GlencarbryWindfarm to Greencoat Renewables plc

BDO contact for this transaction AKHILESH PANDEY Partner akhileshpandey@bdo.in

BDO contact for this transaction RORY O’KEEFFE Partner rokeeffe@bdo.ie ANTHONY O'BOYLE Director aoboyle@bdo.ie

INTERNATIONAL SNAPSHOTS 2022

BDOTRANSACTION SERVICES

IRELAND

ITALY

Acquisition of Gavin & Doherty Geosolutions byVenterra Group Plc

The BDO Transaction Services team in Ireland provided buy-side due diligence assistance to newly established offshore renewable energy services provider, Venterra Group Plc, in support of their first acquisition during 2021, Irish based Gavin & Doherty Geosolutions Ltd (GDG). GDG is a specialist engineering consultancy business with offices in Ireland and the UK. GDG’s work has included a vast range of infrastructure projects, both offshore and onshore and has developed a particular focus in the global offshore renewables sector. Venterra Group Plc provides a range of services for the offshore renewable energy sector, and the group has significant growth plans to create a global industry-leading group in the offshore renewables industry.

The BDO Transaction Services team in Italy advised the Italy based telecommunication player Tiscali SpA on the financial due diligence activities to finalize the merger of Tiscali SpA with Linkem Retail Srl.

Merger of Tiscali SpA with the Linkem Retail Srl

After this transaction, Tiscali will be acting as

the 5th TLC operator in the Italian market (and 1st in the ultra broadband access with FWA+FTTH technology with a 19.4% market share).

BDO contact for this transaction DAVID BEVAN Partner

BDO contact for this transaction GIORGIO FALCIONE Partner giorgio.falcione@bdo.it

david.bevan@bdo.co.uk ANTHONY O'BOYLE Director aoboyle@bdo.ie

INTERNATIONAL SNAPSHOTS 2022

BDOTRANSACTION SERVICES

MALAYSIA

NORWAY

The BDO Transaction Services team in Malaysia provided financial and tax due diligence to a Malaysian listed company. The transaction involved the acquisition of 55% equity interest in an industrial chemical products manufacturer based in Malaysia.

The BDOTransaction Services team in Norway assisted the PE owner of Frisk Gruppen with a financial VDD and databook in a structured sales process to Falck A/S. Norwegian company Frisk Gruppen specializes in labour market services, occupational health services and specialist healthcare. Falck is a global market leader in emergency response and healthcare services. With the acquisition

Vendor due diligence on FriskGruppenwhich was sold to Falck

Acquisition of equity interest in a Malaysian industrial chemical company

BDO contacts for this transaction STEVEN KOH

BDO contacts for this transaction SIGBJØRN SELVIK Partner sigbjorn.selvik@bdo.no

Falck will significantly strengthen its footprint as a healthcare service provider in Scandinavia.

Executive Director stevenkoh@bdo.my

INTERNATIONAL SNAPSHOTS 2022

BDOTRANSACTION SERVICES

PERU

Acquisitionof UnbrandedCo. byMerama

The BDO Transaction Services team in Peru provided financial due diligence services to Stefanini Group, a multinational services and software provider

The BDO Transaction Services team provided financial due diligence services to Mexico based e-commerce investor Merama on the acquisition of the shares and business of Unbranded, an up-and-comer clothing e-commerce business based in Peru.

Acquisition of Corporacion Sapia by Stefanini Group

for data processing based in Brazil, for

their acquisition of the shares and business of Corpoacion Sapia, a leading telecommunication services provider based in Peru.

BDO contact for this transaction

MIGUEL LOPEZ DE ROMAÑA Partner milor@bdo.com.pe JOSUE YONG Consultant jyong@bdo.com.pe

INTERNATIONAL SNAPSHOTS 2022

BDOTRANSACTION SERVICES

PORTUGAL

SERBIA

Acquisition of Outscope Solutions, S.A. and DigitMarket – Sistemas de Informação, S.A. by Claranet Portugal, S.A.

The BDOTransaction Services team in Portugal performed a financial and tax due diligence for Claranet in connection with the acquisition of Outscope Solutions, S.A. and DigitMarket – Sistemas de Informação, S.A., both operating in the IT sector.

The BDO Corporate Finance team in Serbia advised UK based ventilation manufacturer Volution Group plc in the acquisition of Energy Recovery Industries (ERI). BDO Serbia was supported by BDO Transaction Services teams from North Macedonia, Italy and Spain. Volution Group plc is a leading international designer and manufacturer of energy efficient indoor air quality solutions. ERI Group is a leading manufacturer and supplier of low-carbon, energy efficient heat exchanger cells with companies operating in North Macedonia, Italy, Spain and the UK. BDO supported Volution Group plc with financial, tax and legal due diligence, preparation of the share purchase agreement and closing of the transaction.

Acquisition of Energy Recovery Industries by Volution Group plc

BDO contact for this transaction

CRISTINA SOUSA DIAS Partner cristina.dias@bdo.pt

UROS CAMILOVIC Partner uros.camilovic@bdo.co.rs

INTERNATIONAL SNAPSHOTS 2022

BDOTRANSACTION SERVICES

SINGAPORE

The BDO Due Diligence team in Singapore provided financial due diligence on a telehealth service provider, that offers video consultation, to support the Series A funding investment led by Korea Investment Fintech Innovation Fund.

The BDO Due Diligence team in Singapore provided financial and tax due diligence services to assist in considerations for a proposed investment in a group of companies (incorporated in Singapore, Hong Kong, Macau, Malaysia) primarily engaged in construction project management services.

Buy-side due diligence advisory to support acquisition of a leading project management firm

Investment in a telehealth service provider by a Korean Venture Capital Fund

BDO contacts for this transaction CHENG SOON KEONG Executive Director soonkeong@bdo.com.sg

INTERNATIONAL SNAPSHOTS 2022

BDOTRANSACTION SERVICES

SPAIN

Acquisition of Endalia, S.L. by Accel-KKR LLC

The BDO Transaction Services teams in Spain and the USA provided financial and tax due diligence services to Accel-KKR LLC in connection with the acquisition of Endalia S.L. Silicon Valley-headquartered Accel-KKR, a software focused investment firm, acquired a majority stake in Endalia, a Spanish provider of human resource management software. Accel-KKR intends to accelerate the company's organic growth and pursue a buy-and-build strategy with strategic acquisition opportunities.

The BDO Transaction Services team in Spain provided financial, tax and labour due diligence services in connection with the merger of seven Spain-based family-owned groups, resulting in the creation of Soluciones Integrales, Eficientes y Tecnicas para la Edificacion (Grupo Siete), the third largest distributor of construction materials in Spain focused on the professional channel, with almost EUR90 million in consolidated turnover. The new group is focused on the distribution of components for heating, air conditioning, plumbing, sanitation, civil works and construction materials. The company plans to grow through acquisitions and is open to new partners.

Merger of seven family construction businesses to create Grupo Siete

BDO contact for this transaction RAUL LOPEZ Partner

BDO contact for this transaction RAUL LOPEZ Partner raul.lopez@bdo.es

raul.lopez@bdo.es CHARLES IRVIN Partner cirvin@bdo.com

INTERNATIONAL SNAPSHOTS 2022

BDOTRANSACTION SERVICES

SWITZERLAND

Acquisition of Aivla Group by Vista Augenpraxen & Kliniken

The BDO Transaction Services team in Switzerland assisted Vista Augenpraxen & Kliniken in connection with the acquisition of Aivla Group, conducting the financial, tax and legal due diligence. The Aivla Group, headquartered in St. Moritz and founded over 20 years ago, has developed into the leading ophthalmological provider in the region of Engadine. The Aivla Group maintains long-standing and well-founded cooperations with the local health care institutions. A competent team is managed at six locations, equipped with highly specialised diagnostic and treatment devices. The Vista Group was founded 30 years ago and has its registered office in Binningen in the canton of Baselland. The company offers an experienced network of ophthalmologists and specialists in the Zurich area and northwestern Switzerland. A broad service spectrum of treatments and procedures is offered at numerous locations with specialised doctors. Moreover, the Vista Group is a partner of the Veonet network and associated with renowned clinics throughout Europe, benefitting from the regular professional exchange of experience and knowledge. Veonet is the leading pan-European group of ophthalmological clinics and belongs to Nordic Capital's Fund IX amounting to EUR4,300 million.

The BDO Transaction Services team in Zurich assisted Capital Transmission, a Geneva based investment vehicle of the Capital Bank of Geneva, in acquiring a minority stake in Ascend Sport Technology, a global player for digital marketing in the football sector. BDO provided cross-border financial and tax due diligence services, including transfer pricing review. Corporate Finance and Tax experts from BDO Hong Kong supported the BDO Zurich team on this transaction. Ascend Sport Technology was founded in Luzern, Switzerland in 2010 with the initial business focus on sales and installations of digital perimeter advertising on the sidelines in football stadiums. Nowadays, the Group offers a complete range of services, from the sale of the original digital perimeter advertising, marketing of advertising space and advertising time, and even consulting, by using the latest technologies in artificial intelligence, digital targeted advertising and big data. Ascend Sport Technology is an official partner of the biggest European football clubs, such as Real Madrid, FC Bayern München and Paris Saint Germain and the leading institutions in their business sector. The Group currently holds investments in AIM Sport, Abcoya and Adrenali.ne. Abcoya is the production unit, domiciled in Shenzhen, China. Adrenali.ne operates as a gateway for brands to advertise in the stadiums of the world's top performing football clubs.

Acquisition of shares of Ascend Sport Technology by Capital Transmission

BDO contact for this transaction MARCEL GERTSCH Head of Advisory Northwestern Switzerland

BDO contact for this transaction BENJAMIN HALDIMANN Partner Head of Transaction Services benjamin.haldimann@bdo.ch MARTINA HÄNNI Manager Transaction Services martina.haenni@bdo.ch

marcel.gertsch@bdo.ch STEFAN HENSELER Vice Director Corporate Finance stefan.henseler@bdo.ch

INTERNATIONAL SNAPSHOTS 2022

BDOTRANSACTION SERVICES

THE NETHERLANDS

Acquisition of minority stake in Hemink by NIBCCo-Investments

The BDO Transaction Services team in The Netherlands provided buy-side due diligence services to NIBC Investment Partners in connection with the acquisition of a minority stake in Hemink. With the takeover NIBC will support Hemink to achieve its growth ambitions. As a full service real estate partner, Hemink is a specialist in property maintenance and sustainability projects, including renovation projects, long term and planned maintenance and completion of new built property. The company, established in 1958 as painting company, operates nationally from its offices in Holten and Nijkerk and employs approximately 250 people. Hemink carries out large and intensive (sustainability) projects that are often performed in inhabited situations. NIBC Investment Partners' focus on minority investments and its real estate sector expertise is in line with the wishes and ambitions of the management. The investment by NIBC in Hemink was awarded the Best Small Cap Deal 2021 by M&A Awards 2021.

The BDO Transaction Services team in The Netherlands provided buy-side due diligence services to Arcus Infrastructure Partners (Arcus) in connection with the acquisition of 100% of HB Returnable Transport Solutions ('HB'). With the takeover Arcus will support HB to achieve its growth ambitions. HB, established in 2008, is a leading provider of rental, washing and integrated logistics for returnable transport items ('RTIs') in the Dutch food supply chain, ensuring the safe and sustainable transport of consumable products from suppliers to consumers. RTIs are critical assets within the circular economy, ensuring reliable and efficient transport, while minimising the use of single-use, one-way packaging in a variety of fast-moving supply chains. With an asset pool of 2.8 million RTIs and a network of 10 strategically located washing and logistics facilities across the country, HB provides vital RTI logistics infrastructure and an integrated one-stop shop solution for its customers. Arcus' focus on value-add infrastructure businesses and sector expertise is in line with the wishes and ambitions of the management.

Acquisition of HB Returnable Transport Solutions by Arcus Infrastructure Partners

BDO contact for this transaction

RUBENWILLEMS Partner ruben.willems@bdo.nl

INTERNATIONAL SNAPSHOTS 2022

BDOTRANSACTION SERVICES

TURKEY

Financial due diligence of MT Plastik A.Ş. for SIMONA AG

BDOTurkey performed financial due diligence services for MT Plastik in line with SIMONA AG's request.

SIMONA AG completed the acquisition of 70% of the shares in MT Plastik AS, Düzce, Turkey on 1 February 2021. Going forward, the company will appear on the market under the name SIMONA PLASTECH. With this acquisition, SIMONA is aiming for market leadership in the PVC foam sheet business in terms of quality, breadth of the product portfolio and market share. The acquisition of MT Plastik expands the portfolio with new and established products and opens up growth potential in construction and advertising applications under the umbrella of the newly established Advertising and Building Construction Industry business line.

BDO contact for this transaction

SERHAN HELVACIOĞLU Senior Manager serhan.helvacioglu@bdo.com.tr

FURKAN AKTAŞ Experienced Senior furkan.aktas@bdo.com.tr

INTERNATIONAL SNAPSHOTS 2022

BDOTRANSACTION SERVICES

UNITEDKINGDOM

AIM IPO of Microlise Group plc

BDO acted as reporting accountant on the AIM IPO of Microlise Group plc. Headquartered in Nottingham and with overseas operations in India, France and Australia, Microlise is a leading provider of transport management technology solutions. The Group delivers a globally enabled SaaS platform that digitises the business processes of organisations running highly complex logistics operations. Following a refinancing exercise in 2018 (where BDO provided VDD services), Microlise acquired a 20% shareholding in Trakm8 plc and 100% of Trutac Limited. On admission to AIM, Microlise had a market capitalisation of cGBP157 million and gross proceeds of the new placing being cGBP18 million; proceeds will be used to invest in various growth initiatives including bolt on acquisitions. We maintained a strong relationship with BDO over the years and they were the natural choice for our AIM IPO. BDO’s leading capital markets and reporting accountant experience/ credentials combined with strong corporate finance expertise and sector knowledge was evident throughout our process. We were very impressed with their technical and commercial advice which played a key role in executing our successful IPO. We were once again delighted to work with the team at BDO.

Sale of Wifinity Limited to LDC

Private equity firm LDC has backed the buyout of Wifinity, the fast-growing wireless internet service provider, to support its UK expansion. Wifinity specialises in providing reliable, high-speed broadband to customers on campuses and other multi-dwelling sites, such as student and key worker accommodation and holiday parks. Based in Kingston upon Thames, Wifinity has built a loyal customer base, serving over seven million users since it was founded in 2007 thanks to its router-free, no-contract, Gigabit-speed service. It is also a managed service provider to leading retailers, and other leisure and hospitality businesses. BDO provided vendor due diligence services supporting the sale. This was the second time we have worked with Derek, Daniel and Jack; the first being in respect of an acquisition and this time in respect of Vendor Due Diligence. We have found the team to be very knowledgeable and responsive, with a highly collaborative approach, working closely with us and our M&A advisers. Their sector knowledge was instrumental to quickly arriving at a good understanding of our business, which led to a good quality, focused and informative report which greatly assisted in our achievement of a successful outcome.

BDO contact for this transaction

GRAHAM ELSWORTH Corporate Finance Partner graham.elsworth@bdo.co.uk VINOD PATEL Corporate Finance Director vinod.patel@bdo.co.uk

DEREK NEIL Corporate Finance Partner derek.neil@bdo.co.uk DANIEL BOND Corporate Finance Director daniel.bond@bdo.co.uk

Costas Demetriou | CEO, Wifinity

Bill Wynn | Chief Financial Officer, Microlise Group plc

INTERNATIONAL SNAPSHOTS 2022

BDOTRANSACTION SERVICES

UNITED STATES OF AMERICA

UNITEDSTATES OFAMERICA

The BDOTransaction Advisory Services team in the US advised the US based Thiele Kaolin Company, a manufacturer and supplier of tailored mineral solutions to global industry, in the acquisition of certain North American assets and mining resources from Imerys’ Performance Minerals Americas business segment. The French based Imerys Group is the world leader in mineral-based specialty solutions for industry.

Acquisition of assets and mining resources from Imerys Group by Thiele Kaolin Company

Acquisition of Societer by Teneo

Teneo, the global corporate and financial communications agency, has bought Societer, a leading French advisory firm specialising in ESG and sustainable leadership. Working together, BDO USA and BDO France assisted Teneo with both financial and tax concerns.

BDO contacts for this transaction KEVIN KADEN Partner Transaction Advisory Services, FDD kkaden@bdo.com

BDO contacts for this transaction CHRIS NELMS Partner Transaction Advisory Services, FDD cnelms@bdo.com

INTERNATIONAL SNAPSHOTS 2022

BDOTRANSACTION SERVICES

ZIMBABWE

Acquisition of an insurance and pension fund and employee benefits administration company

The BDO Corporate Finance team in

Zimbabwe supported an international insurance giant with a full scope due diligence review in its contemplated acquisition of a local insurance and pension fund and employee benefits administration company.

BDO contacts for this transaction JONAS JONGA Partner Advisory jjonga@bdo.co.zw RABIRO MANGENA Director Advisory rmangena@bdo.co.zw

INTERNATIONAL SNAPSHOTS 2022

FOR MORE INFORMATION:

The BDO network (referred to as the ‘BDO network’) is an international network of independent public accounting, tax and advisory firms which are members of BDO International Limited and perform professional services under the name and style of BDO (hereafter: ‘BDO member firms’). BDO International Limited is a UK company limited by guarantee. It is the governing entity of the BDO network. Service provision within the BDO network is coordinated by Brussels Worldwide Services BV, a limited liability company incorporated in Belgium. Each of BDO International Limited, Brussels Worldwide Services BV and the BDO member firms is a separate legal entity and has no liability for another entity’s acts or omissions. Nothing in the arrangements or rules of the BDO network shall constitute or imply an agency relationship or a partnership between BDO International Limited, Brussels Worldwide Services BV and/or the BDO member firms. Neither BDO International Limited nor any other central entities of the BDO network provide services to clients. BDO is the brand name for the BDO network and for each of the BDO member firms. © Brussels Worldwide Services BV April 2022 www.bdo.global

SUSANA BOO +44 (0)207 893 2316 susana.boo@bdo.global

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