Frontline Accounting provides offshore staffing solutions from the Philippines to accounting firms based in Australia, UK and the USA.
Sierra Madre is a Manila-based private equity firm which invests in high-growth Philippines-based businesses across a diverse range of sectors.
At the time of the transaction, Frontline Accounting had grown from 3 staff to a 300-strong workforce, serving clients around the world. This exceptional growth set its two founders on course for a potential exit, and Sierra Madre emerged as a highly aligned buyer, seeking a strategic investment in the accounting Business Process Outsourcing (BPO) space.
Our team helped the shareholders realise a strong upfront exit value with additional earn-out potential, while navigating global challenges:
“We worked closely with Graeme, Lisa and the team throughout most of 2020. This included navigating the chaos that COVID brought the world. The team guided us throughout the entire process demonstrating their expertise and patience every step of the way.”
– Mark Cottle
Co-Founder and CEO, Frontline Accounting
As part of the transaction, co-founder Mark Cottle remains CEO to work closely with Sierra Madre to implement the company’s strategic plans and initiatives.
Our team represented Frontline Accounting throughout the sale process, from preparing the information memorandum, marketing the business, managing due diligence, and assisting with Share Sale Agreement negotiation and completion.