TS 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

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