Deal Announcement: Corbett Keeling advised QX Global Group on fundraising for acquisitions

We are delighted to have advised QX Global Group, a top 100 Business Process Management company on raising funds for acquisitions, the first of which was Austin, Texas-based Chazey Partners, a world-class management consulting and advisory firm, specialising in business transformation.

Our role:
The Corbett Keeling team helped the founder of QX Global Group undertake a Positioning and Readiness Optimisation Review (“PRO Review”), which led to the identification of numerous growth-focused positioning strategies, including a strategic acquisition option to maximise the company’s business value. After a year, during the discussions phase of Chazey Partners’ acquisition, the owners of QX reached out to us for our advice on acquisition and fundraising.

Corbett Keeling led a thorough due diligence process and prepared all the necessary materials to present the QX Global Group business in the best possible light to potential lenders. We approached all suitable UK commercial banks and private debt funds and received numerous financing proposals. QX Global Group was presented with a range of terms to choose from after a competitive bid process.

We advised them on the merits and drawbacks of each, which resulted in QX selecting Investec as the lender of choice. It was a highly complex transaction with cross-border financing, currencies, and legal compliance in several jurisdictions, but the team managed the process to ensure funds were available in time for scheduled completion on 31^st March 2022. We are delighted with the value we delivered for QX, and the fundraising means they are now well placed to continue their acquisition strategy.

About QX Global Group:
QX Global Group is a global Business Process Management company which specialises in finance, accounting, and recruitment operations. With offices based in the UK, North America, Australia, Canada, and India, QX provides outsourcing services to help deliver business transformation across the globe. QX has always focused on enabling transformation of its client’s businesses using their unique 3P approach of people, process, and platform. The acquisition will allow QX to help more organisations solve their most significant barrier to growth – digital adoption and business transformation at scale.