Item 2.01 Completion of Acquisition or Disposition of Assets
Closing of the Sale of the Australian Business
On August 6, 2009, BearingPoint Australia Pty Limited ("BearingPoint
Australia"), a wholly owned subsidiary of BearingPoint, Inc (the "Company"),
entered into a Business Sale Agreement (the "Australian Business Sale
Agreement") with BPA MBO Pty Limited, BPA MBO Asset Pty Limited (as trustee for
the BPA MBO Asset Unit Trust), BPA MBO Services Pty Limited and BPA MBO Trading
Pty Limited (collectively, the "MBO team") for the sale of the Company's
consulting business in Australia to local management. Pursuant to the Australian
Business Sale Agreement, the MBO team agreed to purchase the business of
BearingPoint Australia through the purchase and assumption of certain assets and
liabilities of BearingPoint Australia and for a purchase price of AU$1,000
(exclusive of Australian Goods and Services Tax) (the "BearingPoint Australia
Transaction"). Additional fees are payable by the MBO team pursuant to a
Trademark License Agreement and Cross-License Agreement. The BearingPoint
Australia Transaction was completed on September 4, 2009.
