Clearwater International advised the owners of public sector corporate transformation partner Kendric Ash on its sale to Northgate Information Solutions UK.
Paul Newell and Nick Jones of Clearwater International acted for the vendors, who were the management and employees of the business. Established in 1999, Kendric Ash works closely with local government clients to transform performance and has delivered more than £100 million in financial benefits to clients to date. The company, which employs 40 people, has its Headquarters in Wallingford, Oxfordshire. It was originally backed by a private equity investor which was bought-out by management and staff in January 2006. The company is growing rapidly and had a turnover in the year ended January 2007 of around £5 million.
Northgate Information Solutions UK is a leading provider of infrastructure solutions across the public, private and not for profit sectors.