Tr ans ac t i on Repor t s 54 Finance Monthly. About the Deal Beyond Law Group’s specialist corporate and commercial practice, Beyond Corporate, advised Inprova’s management team on their management buyout, supported by investment from NVM Private Equity. Claritas Tax, Seneca Corporate Finance, DWF Law and Pannone Corporate also advised on the transaction. Based in Warrington and boasting more than 30 years’ worth of experience, Inprova is a technology and data-enabled procurement firm with clients in the public, private and voluntary sectors. It uses a combination of technology, procurement analytics and category expertise to aid organisations in the enhancement of their procurement capabilities. Group chief executive Steven Malone led on the management buyout together with his senior team. NVM Private Equity supported the MBO with a team led by investment partner Andy Leach. NVM’s investment is aimed at enabling Inprova to further build upon its technology platform and procurement analytics capabilities, developing its ability to provide valuable services to its customers. Key category areas to be expanded upon include responsive and planned maintenance, construction and capital works, building safety and net zero emissions. The transaction marks NVM’s third new investment of 2022 after its backing of YorkTest and Easby Group earlier this year. Beyond Corporate’s team was led by partners Piers Dryden and Jim Truscott alongside Solicitor Shaun Little. Advisers on the transaction: INPROVA’S MBO
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