Proxima is a specialist procurement consultancy helping the world’s largest companies spend wisely. With 300 consultants split between US and UK, Proxima provides procurement consulting and implementation services to Fortune 500, FTSE 350 and central government bodies.  The firm is a global leader in the delivery of indirect spend optimisation programmes which often complement the procurement functions of its clients. The firm’s subject matter experts cover all indirect spend (SG&A) categories with additional coverage of transformation, capex, working capital and direct spend categories.

 

Matthew Eatough, Chairman of Proxima, said:

“The increasing complexity of global supply chains and focus on environmental and sustainability issues is driving greater demand for Proxima’s services.  The support of EST and Pricoa provides a strong foundation for organic growth as the firm invests in its people and service offerings and also inorganic expansion in UK, continental Europe and US.”

 

Henry Smithers, Partner of EST, said:

“Proxima is a specialist consultancy with a demonstrated track record of delivering material bottom line savings, year after year, for global organisations with complex and integrated supply chains. We are delighted to support the M&A programme to expand the firm’s service offering and footprint; and lead consolidation in the sector.”

 

As part of the recapitalisation, Pricoa provided a bespoke liquidity solution for legacy shareholders. The Direct Lending team provided a senior secured term loan, multicurrency revolving credit facility and agreed incremental facilities for M&A. The recapitalisation forms part of Pricoa’s Direct Lending strategy, providing relationship-focused debt capital for both sponsor-backed and management-owned businesses in the mid-market.

 

Jack Gilbert, Director of Pricoa, said:

“We’re pleased to be able to support Proxima’s continued growth which reflects a high quality management team and true sector specialist with deep expertise in its chosen categories.”

 

--

 

EST is focused on investments in the $270B professional services (management consulting) sector in US and Western Europe. We target opportunities to invest in (or co-invest in), buy-out or carve-out, specialty consulting businesses with ambitious growth plans and differentiated IP/service propositions. We seek profitable companies with up to £25M (or up to £100M for direct co-investments) in turnover which are often facing succession planning issues, internal conflicts (eg audit or client conflicts) or are in need of expansion capital. For more information, visit est-partners.com. 

 

For nearly 100 years, Pricoa Private Capital has been partnering with a wide range of corporations, sponsors, and institutions to provide valuable insights, guidance, and customized capital solutions that enable them to achieve their growth and funding goals. In an industry where capital can seem like a commodity and relationships are often fleeting and transactional, we are known for building enduring local partnerships based on a steady and patient commitment to our partners’ long-term capital needs. With regional teams in 15 offices around the world, we manage a portfolio of nearly $98 billion (as of 3.31.21).