Clearwater International has advised the Amtico management team in the £100m secondary buy-out. The deal has been backed by ABN AMRO Capital and Royal Bank of Scotland with exisiting investors Electra retaining a stake in the group.
Amtico has defined the luxury flooring market through continual product innovation and service flexibility. Today it has established one of the best-known flooring brands in the UK residential market and has a long and enviable list of commercial customers in North America, Europe, Middle East and Far East.
With a turnover of more than £80 million, the company employs over 700 people and has manufacturing plants both in the UK and the USA.
The deal sees management take a significant equity stake alongside ABN AMRO Capital and Electra. Clearwater International with a team led by partner Jon Hustler, advised the management team and assisted in the negotiations with the Vendors and incoming funders.