Providing Acquisition Services to Kinzen

, , ,

Kinzen are a global leader in protecting online communities from harmful content.

In addition to providing outsourcing services to Kinzen, we worked closely with them on the project management of the sale of the company to Spotify.

Our work included:

  • Managing financial and tax due diligence
  • Liaising with the client’s solicitors
  • Negotiation of working capital calculations
  • Dealing with purchaser’s internal and external transaction team
  • Reviewing and advising on share purchase contracts
  • Preparation of distribution waterfall

“The team at Crowleys were an extension of the team at Kinzen. Their attention to detail, rigour, strategic advice, forecasting, insights and work ethic was critical to the success of Kinzen and its eventual acquisition by Spotify.”

– Áine Kerr, Co-founder and COO, Kinzen

/by

Providing Outsourced Services to Kinzen

, , , , , , , , , ,

Kinzen are a global leader in protecting online communities from harmful content.

We provided a fully outsourced finance function to Kinzen, delivering:

  • Bookkeeping
  • Management reporting
  • Projections
  • Cashflow forecasting
  • Payroll services
  • Maintenance of share cap table

We also carried out year-end compliance work, including:

  • Preparation and audit of the financial statements
  • Corporate tax compliance including R&D tax claims
  • Company secretarial compliance

Additionally, we provided various other advisory services, including:

  • Employee share option schemes
  • Tax advice on employing staff in other jurisdictions including working with DFK member firms’ partners in other jurisdictions to run payroll for remote employees

In 2022, Kinzen were acquired by Spotify and we were heavily involved in this transaction.

“The team at Crowleys were an extension of the team at Kinzen. Their attention to detail, rigour, strategic advice, forecasting, insights and work ethic was critical to the success of Kinzen and its eventual acquisition by Spotify.”

– Áine Kerr, Co-founder and COO, Kinzen

/by

New York based software development company chooses Dublin as its EU base

, , , , , ,

This New York based software development company chose Dublin as its EU base to develop a new suite of software products.

We advised the company on the optimum corporate structure, with the objective of qualifying for Ireland’s corporate tax rate of 6.25% available for activities within the Knowledge Development Box (KDB).

In addition, we assisted the company with decisions to assign, transfer or retire existing IP, establish separate group companies for developing new IP, advised on re-location of US/Non-US employees.

Working with Enigma’s other tax and legal advisers (in various jurisdictions) we advised on share-for-share group transaction and associated Stamp Duty Relief advices and claim.

We provide a fully outsourced finance function to our client who has no in-house finance staff.

Working with the US based Group CFO, services we now provide:

  1. Monthly payroll and management reporting services.
  2. VAT advisory with regard to its e-commerce resellers.
  3. Statutory audit & preparation of statutory financial statements.
  4. Tax compliance and advisory services.

We are trusted advisors at the Board table providing continuous advisory services within the team of tax advisers, accountants and lawyers from several countries.

“If you setup your business in Ireland, do not look for anybody else other than Eddie Murphy at Crowleys DFK. The Firm and the man are serious professionals. I endorse these folks!”

– Alvin Estevez – Shareholder and Advisor to EnigmaSoft Ltd

/by