Sale of Tikit by BT Group plc to Advanced

BDO.LiveSite.Deals.DealTypeTransaction Services
BDO.LiveSite.Deals.IndustryBusiness Services & Technology & Media
BDO.LiveSite.Deals.ClientNameBT Group plc

BDO provided vendor assistance, model build, SPA advice and completion accounts advice to BT Group plc on the sale of Tikit to Advanced.

BT has announced the sale of Tikit, a global legal, accounting and professional services software business. The acquirer is Advanced, a provider of business software and services backed by Vista Equity Partners and BC Partners.

“Derek Neil and team demonstrated how BDO is a knowledgeable, pragmatic and a valued advisor offering strong insight into buyer requirements, value items and areas of transaction risk.  With strength in dept, the experienced team offer flexible, clear & concise advice.  Valued partners in our transaction”
Sebastian Wood, VP Corporate Finance, BT

"We were delighted to work with BT again as it focusses on investing in its core business and also to help Tikit to realise its potential as part of the Advanced family."

Derek Neil, Partner, BDO