Corsham accountancy firm advises on £12 million transatlantic deal

Corsham-based accountancy and advisory firm Purple Lime has advised the shareholders of Bristol-based property tech business Terrafirma to Toronto Stock Exchange-listed Dye & Durham Corporation.

Terrafirma, whose team of geologists, soil scientists and mining engineers use AI to identify ground hazards, was acquired by Dye & Durham, a provider of cloud-based software and technology solutions for legal and business professionals, for £12 million.

The firms said the acquisition of Terrafirma will expand Dye & Durham’s capabilities in the UK real estate value chain, adding products that are already utilised by Dye & Durham’s customer base, whilst allowing Terrafirma to continue its growth and secure a significant share of its market.

Peter Doe, client director at Purple Lime, provided support to Terrafirma’s shareholders by negotiating price, deal structure, and providing lead advisory services.

Terrafirma CEO and Founder Tom Backhouse said: “Peter was an integral part of my management team, working around the clock to deliver the sale and enable Terrafirma to level up and continue its growth journey in the UK’s property and legal markets. 

“Purple Lime’s team have supported Terrafirma through the last two years of growth pre-sale and have been a vital finance function of the senior leadership team.”

Bruce Roxburgh and Laura Guest of Roxburgh Milkins provided legal advice to the shareholders, whilst Tom Woodcock of Hazlewoods provided transactional tax advice.

Pictured: Peter Doe, client director at Purple Lime