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Clearwater 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 Corporate Finance with a team led by partner Jon Hustler, advised the management team and assisted in the negotiations with the Vendors and incoming funders.

Jon Hustler, Partner with Clearwater Corporate Finance, said “Amtico is a high quality business with a well respected brand. Its fortunes and prospects have been transformed over recent times following the appointment of Jonathan Duck as CEO and James Frost as FD. There is now a clear and focused strategy for future growth which I am confident will be delivered by a strong management team.”