Project Spice

IndustryBusiness Services & Technology & Media
Sub-industryMarketing services

Future Thinking UK combines two businesses which operated as part of a wider group of market research and data science companies delivering innovative market research and insight to their customers. 

The UK businesses had suffered from a lack of focus from the wider group and were burdened with significant central overheads. The businesses lost some key relationships with customers which impacted revenue and turned the business loss-making.

BDO’s Special Situations M&A Team was introduced to run an accelerated M&A process looking to transact the non-core carve out of the UK entities of the wider group. The two companies were marketed as one business to both Trade and Financial Investors. 

Due to the large intra-group position and the loss-making nature of the UK businesses a transaction was executed via a pre-packaged transaction from Administration. Two Insolvency Practitioners from BDO LLP were appointed by the Courts in order to execute the transaction. 

A transaction was concluded with Savanta Limited, a subsidiary of Next Fifteen Communications Group Plc. Savanta acquired all the business and assets of the two UK entities of Future Thinking protecting the business and all of its employees.