TRANSACTION INTERVIEW 69 Beyond Corporate’s specialist corporate team undertakes a large volume of work for sellers, founders, management teams and buyers of companies. What do you expect the outcome of this investment will be for Inprova and the wider procurement space? NVM’s investment is aimed at enabling Inprova to further build upon its technology platform and procurement analytics capabilities, which will ultimately develop its ability to expand their service capabilities. Key category areas to be expanded upon include responsive and planned maintenance, construction and capital works, building safety and net zero emissions. Would you say that your work on this transaction fits the profile of Beyond Corporate Law? In what ways is this the case? Beyond Corporate’s specialist corporate team undertakes a large volume of work for sellers, founders, management teams and buyers of companies. Our broad experience of these deals was especially helpful in this deal because we understood the key priorities for the transaction for each party and were able to advise our client from the perspective of the otherinvolved parties. Advising management is a sweet spot for the firm. Our team has advised on many MBO deals, helping our clients to agree on a balanced set of terms and give them the best chance of closing the deal, and this depth of experience was crucial in allowing us to keep track of the various elements of the transaction and get the deal done for the client in the timeframe required. The focus for the Inprova deal was to ensure that the management team had the right participation on an ongoing basis, and that they got the right investment terms in the documents – proportionate to their participation in the company versus the investment made by NVM. The private equity side put a significant amount of money in, so they have the majority in terms of voting control and decision-making, but we wanted to ensure that the management team got the right protections as well and ultimately are now free to get on with the business of making the greatest success of Inprova that they can. Advisors on the transaction:
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