Clearwater International completes its first deal on day one

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CSC, a global provider of software solutions for structural engineers, with offices in Leeds and Birmingham has undergone a management buy-out for an undisclosed sum, with funding provided by the Bank of Scotland in Birmingham.

The MBO was led by Mark Roberts who now takes on the role of managing director for CSC. Roberts, who was sales director with CSC said: “The new management team are relishing the opportunity to further develop the business, supplying integrated software solutions with our emphasis upon quality customer service. CSC is a preferred supplier to most of the notable names in the industry and we look forward to their continuing support.”

Phil Burns, Partner, Clearwater International commented: “MBOs like this are our favourite. Putting managers like Mark and his team where they belong in charge of their own destiny is as good as corporate finance gets.”