Acquisition of Initiate Consultancy by Queen's Park Equity

BDO’s multidisciplinary Life Sciences & Healthcare Deals team provided integrated commercial, financial, and tax expertise to support QPE on its acquisition of Initiate Consultancy, marking the firm’s entry into the rapidly growing market access and HEOR sector.

BDO delivered a unified view of Initiate’s strategic positioning, financial performance, and the tax structuring considerations relevant to the transaction, supporting a confident investment decision and a strong platform for future growth.

- BDO’s LS&H Strategy & Commercial Due Diligence team assessed Initiate’s competitive differentiation, growth drivers, client dynamics, and market outlook, providing QPE with a clear view of Initiate’s commercial viability and the robustness of the business plan.
- BDO’s LS&H Transaction Services team performed detailed financial due diligence and SPA support, ensuring QPE had full visibility over Initiate’s financial profile.
- BDO’s LS&H Transaction Tax team performed tax diligence, obtaining a detailed understanding of the tax profile of Initiate and supporting QPE through the process.
 

"We appreciated the great support from BDO's Commercial, Financial and Tax due diligence teams on this transaction. 
 
Their deep sector understanding was clear from the outset, and their extensive credentials in Market Access and HEOR allowed for an efficient due diligence process focussed on the real value drivers in the space. BDO's joined up approach across different diligence workstreams was also greatly appreciated. 
 
Their outputs were hugely valuable, and we look forward to working with BDO's Life Sciences team in future."

Mark Crowley, Investment team, QPE

The BDO project team included:

Graeme Hurst, Lewis Winston, Charles Walshaw, Kieran Gosrani, Sophia Li (Financial due diligence)
David Wentholt, Dodi Behiri, Andrew Goodluck, Robert Finn, Ashley Low, Charles Jervis (CDD)
Sam Boundy, Amy Hoare and Lauren Caroline (Tax)