Sale of uSwitch to LDC by Forward Internet Group

BDO.LiveSite.Deals.DealTypeTransaction Services
BDO.LiveSite.Deals.IndustryFinancial Services & Retail & Consumer & Technology & Media

BDO undertook vendor due diligence on behalf of Forward Internet Group (“FIG”) in relation to the MBO of uSwitch, the UK-based price comparison and switching service which allows consumers to compare prices for a range of energy, communications and financial services. As a result of the transaction, LDC has acquired a significant stake in the business with FIG retaining a substantial minority holding.        

 uSwitch was acquired by FIG in 2009 and has significantly accelerated its growth under FIG’s ownership both organically and through acquisition with the purchase of, a broadband and mobile phone comparison business, in 2010. BDO had previously provided due diligence services to FIG on both of these acquisitions.        

"The BDO team provided us with excellent support over an elongated transaction process, having built a good working relationships with our team. The team responded quickly to our requests throughout the process and ultimately provided us with a report which greatly helped us in our negotiations with potential buyers.”

Rob Murphy, Finance Director, Forward Internet Group