01 Jan 1970

Client case study: This Place

Insights

Expert support, global growth

How working with us helped This Place to develop internationally

When This Place was approached by the corporation Infoteria, a potential buyer, they wanted guidance from trusted advisers who knew their sector and understood the accounting, tax and strategic elements of a sale.

 

Building on a strong start

With ambitions to grow, digital design studio This Place have been supported by us since they began their journey in London in 2013.

We supported them by combining our broad understanding of the technology & digital sector with a bespoke service: providing compliance and regulatory guidance alongside strategic advice. With each important decision encountered by This Place’s team, we made sure we were available as a sounding board.

This Place now have offices in four cities across three continents. They’ve won a string of high-profile clients including the BBC, T-Mobile, Food Network, ASOS and Fortune 500 brands.

 

“BKL tirelessly supported all key aspects of my company’s growth, from a standing start to international expansion.”

Dusan Hamlin, Founder and CEO, This Place

 

Continuing support through changing times

As This Place grew, we met their changing goals. We helped to structure the group including the transfer pricing arrangements with their US subsidiary. Applying our tax expertise, we made sure an Enterprise Management Incentive (EMI) scheme was put in place.

 

A big opportunity

In 2016, This Place faced its biggest decision yet. It was approached by Infoteria, the Japan-listed software corporation, who wanted to acquire them. Deciding that the time was right, This Place turned to us as trusted advisers to guide them through the challenging process.

We provided strategic accounting and taxation support for the sale. Key management participation structures and share for share exchanges were part of this.

Working to strict deadlines, we applied our detailed understanding of the tax rules surrounding complex transactions. This included a new EMI scheme, a cash demerger and related due diligence.

 
The sale successfully completed in 2017.

“Our product strategy and design skills and Infoteria’s software skills are a perfect marriage.”

Dusan Hamlin

 

Post-deal, we continued to support the company with the integration into the group and its new global IFRS accounting requirements.

Our strategic advice is available to This Place’s management team whenever and wherever they need it: we’ve joined them for meetings in both the UK and Japan.

 

“The team has a deep knowledge of financial matters and is comfortable working with fast growth, entrepreneurial companies; BKL’s business acumen and ability to gain a successful outcome every time have created a bond that will last a lifetime.”

Dusan Hamlin