Forvis Mazars support Arachas on MDRB acquisition
Forvis Mazars supported Arachas Corporate Brokers on its recent acquisition of MDRB Insurance. Forvis Mazars provided financial and taxation due diligence on the deal.
The investment will allow Scorebuddy to fund the next phase of growth, delivering an AI-augmented product suite globally and marks a key step in the ongoing growth and product development of the business and the team.
Derek Corcoran, CEO and Founder at Scorebuddy, said: “This investment is the culmination of years of dedicated work from the entire Scorebuddy team and we are delighted to partner with Foresight for the next stage of our growth journey. Our achievements so far are a testament to the creativity and ambition of our organisation, and this investment will enable us to further build on our status as a market leader. Thanks to the team at Forvis Mazars for their patience, expertise and guidance throughout the process; this was invaluable in achieving a successful outcome and maintaining the confidence levels necessary to get the deal over the line”
John Bowe, Forvis Mazars Partner, Deals – M&A, said, “We enjoyed working with Derek and the Scorebuddy team to achieve this milestone fundraise, and we look forward to seeing the growth strategy unfold over the coming years with Foresight on board. This transaction further highlights our credentials in advising Irish SaaS companies across a variety of investment structures”.
The Forvis Mazars team was led by John Bowe and Seán Damery.
Foresight Group is an Ireland and UK-based investment fund deploying capital from the Ireland-focused AIB Foresight SME Impact Fund, dedicated to providing capital and strategic support to scaling SMEs across the Island of Ireland.
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