The BDO team provided buy-side financial, operational, tax and I.T due diligence services and structuring support to Everarc Holdings, in its acquisition of Perimeter Solutions, a global business operating in the fire suppressants market.
EverArc (EVRA.L), a London-listed acquisition vehicle, has agreed to buy U.S.-based firefighting products maker Perimeter Solutions as part of a reverse takeover valued at $2 billion.
The British Virgin Islands-based company said the deal would see Perimeter becoming part of a newly-formed Luxembourg company called Perimeter Solutions S.A. which will be listed on a U.S. stock exchange.
Perimeter Solutions, which also makes lubricant additives, was established in 2018 when SK Capital Partners bought it from Israel Chemicals although its roots in fire safety and oil additives stretch back over 50 years.