Debt Advisory case studies Image

Our track record has enabled us to build strong relationships with a broad range of debt providers in this specialised market, allowing us to achieve competitive prices and terms while maintaining an objective and independent approach. Our team is very active across its geographies and has undertaken a wide range of transactions, including: acquisition finance; refinances; recapitalisations; working capital funding; capital markets and bonds; real estate; and restructuring. The team has completed over 250 transactions, with a selection below:

Debt Advisory case studies Image

 

Clearwater International provided buy-side debt advisory support to Baird Capital, the direct investment arm of Robert W. Baird & Co, for the acquisition of a majority interest in Collingwood Lighting.

Baird’s backing will enable Collingwood to continue to invest in innovation and technology as lighting maintains its central position within intelligent and connected built infrastructure. Read more…

Clearwater International provided debt advisory services to Livingbridge, one of the UK’s leading mid-market private equity investors, raising funds to support its investment in online travel agent loveholidays.

The UK travel sector is heavily regulated by the Civil Aviation Authority (CAA), which provides strict parameters around debt levels in travel businesses in order to ultimately protect the end consumer. Bespoke debt structuring and negotiation was therefore required to ensure the final structure was met with CAA approval. Read more…

Debt Advisory case studies Image
Debt Advisory case studies Image

Clearwater International UK’s Debt Advisory team has advised private equity firm LDC on a buy-side debt raise for the c. €23m tertiary acquisition of Mandata, with debt financing provided by Santander. Read more…

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Clearwater International’s Debt Advisory team has supported the management of Pizza Hut Restaurants on completing a debt-led secondary MBO from private equity backer Rutland Partners.

Pricoa Capital Group, the international private capital investment arm of PGIM, supported the MBO with a bespoke debt structure which  will see the management team, led by CEO Jens Hofma, take control of the business with a new franchise agreement in place with Pizza Hut’s brand owner, Yum! Brands. HSBC also continue to support the business. Read more…

Debt Advisory case studies Image
Debt Advisory case studies Image

Clearwater International UK has advised private equity firm Equistone Partners Europe (Equistone) on raising funding to support the tertiary buy-out of telecom infrastructure services provider WHP Telecoms Limited (WHP) from Palatine Private Equity (Palatine). The debt finance has been provided by Permira Debt Managers, an existing lender to WHP. RBS continues to provide super-senior banking facilities to the business. Read more…

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Clearwater International UK has advised construction services provider and independent trader of aggregates GRS Roadstone Group Limited (GRS), on raising finance to support its acquisition of S.Walsh Holdings Limited (Walsh).

The funding has been provided by a three bank term loan syndicate, Lloyds Bank, RBS and HSBC, and a three lender receivables finance syndicate comprising Lloyds Bank Commercial Finance, HSBC Invoice Finance and RBSIF. Read more…

 

Debt Advisory case studies Image
Debt Advisory case studies Image

Seabrook Crisps

Clearwater International UK has advised Seabrook Crisps Ltd, backed by private equity firm LDC, on its €25.7m (£23.5m) refinance with funding provided by Apera Capital.

Established in 1945, Seabrook produces a range of crinkle cut, straight cut and premium lattice crisps, at its headquarters in Bradford, Yorkshire. The company supplies over 20 million bags of crisps each month and has a strong position as the major challenger brand in the category in grocery retail, value retail and foodservice. Read more…

Clearwater International has advised The Prospects Group on raising debt provided by Clydesdale Bank plc, to support the acquisition of UK children’s homes business ‘homes2inspire’ from G4S, leading global security company.

homes2inspire offers support to young people with social, emotional and behavioural difficulties. Read more…

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Debt Advisory case studies Image

Clearwater International has advised Direct Healthcare Group on its debt funding provided by Yorkshire Bank. This funding has supported the acquisition of Kirton Healthcare, the UK’s leading manufacturer of specialist seating products, from NVM Private Equity.

Direct Healthcare Group,  owner of award-winning healthcare manufacturer Direct Healthcare Services and Nightingale Care Beds, specialises in the development of clinically effective solutions for harm-free patient care. Read more…

Clearwater International has advised the management team of Arlington Industries on the debt raise for the acquisition of automotive mechanical engineering firm Magal Engineering Group and a refinance of current debt. The £45m (c.€50m) facility has been provided by a two funder club, comprising Wells Fargo and Shawbrook Bank.

Arlington Industries, backed by US Cartesian Capital Group, provides supply chain integration to global OEMs in the aerospace and automotive sectors. Read more…

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Debt Advisory case studies Image

Clearwater International advised LDC on raising acquisition debt and working capital facilities to support the secondary buyout of this medical communications business with debt from European Capital and Yorkshire Bank.

Fishawack provides fully-integrated, cross-border services to global pharmaceutical organisations. It provides a variety of medical communications, market access and pharmacovigilance services to clients to drive the commercialisation of drug compounds. Read more…

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Clearwater International advised LDC backed UK holiday park operator Away Resorts on raising a unitranche plus accordion debt facility from Permira Debt Managers to fund the acquisition of Sandy Balls Holiday Village.

Sandy Balls is a five-star holiday village in the New Forest National Park and offers accommodation including luxury woodland lodges, static holiday homes, camping pods and safari tents as well as fully serviced touring pitches. Read more…

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Debt Advisory case studies Image

Clearwater International advised this infrastructure services business on its refinance and debt raise to support the acquisition of United Asphalt. United Asphalt operates two asphalt plants, Theale in Berkshire and Croydon, together with a recycling depot at Coltrop, Berkshire.

The Theale plant is rail-fed and helps satisfy the company’s strategic objections of growth West of London and access to the rail network. Read more…


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Clearwater International advised LDC on its investment in leading powder & aseptic containment valve business ChargePoint Technology, including raising debt facilities from Crescent Capital and Handelsbanken.

The business, which is headquartered in Speke, Liverpool, manufactures and supplies high-performance containment and sterile transfer valves to the largest global pharmaceutical, bio-pharmaceutical and chemicals companies. Read more…

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Debt Advisory case studies Image

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Clearwater International advised Arsenal Grupo Deportivo on its debt restructuring.

The company has four fitness and wellness centres, three located in Barcelona and one in Madrid. They are considered the most prestigious health and wellbeing complexes in Spain with state of the art design and infrastructure to support all their member’s sporting requirements. Read more…

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Clearwater International raised unitranche debt from European Capital, with working capital from AIB in excess of €40m, to support the acquisition of housing developer Westleigh by Palatine Private Equity.

Westleigh is one of the largest housebuilders focusing on the delivery of affordable homes to Registered Providers (RPs). In line with growing demand, the company anticipates sales will rise to approximately €200 million by 2018. Read more…

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Debt Advisory case studies Image

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Primonial REIM acquired a diversified portfolio of healthcare assets in Germany. Clearwater International advised on the strategic and financial analysis of their portfolio, raising the equity and debt, the organisation of due diligences and the negotiations with the sellers.

Primonial REIM is one of the major real estate investors on the French market with approximately €2bn invested in 2015. This deal takes its property assets to more than €10bn, including €3bn in healthcare property assets. Read more…

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Clearwater International has advised property developer Beech Holdings on its €35m finance raise for further development, provided by RoundShield Partners.

Beech Holdings, is an award winning property developer and lettings business. It specialises in the redevelopment of unloved, old buildings, converting them in to high quality, energy efficient residential properties for young professionals. Read more…

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Debt Advisory case studies Image

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Clearwater International advised Carl Zeiss on the structuring of an unsecured mid-term financing with a volume of  €500m.

The Carl Zeiss Group is a leading international group of companies operating in the optical and opto-electronic industries. Headquartered in Oberkochen, Germany, the Carl Zeiss Group is directly represented in more than 30 countries and operates production facilities in Europe, America and Asia. Read more…

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Clearwater International advised the company on its €35m refinance that secured continuity of ownership and unlocks plans for the development of the Barbadian resort.

Royal Westmoreland is a world-class 750 acre premium residential development with an award winning 18 hole Championship golf course. Located in a prime position overlooking the west coast of Barbados, Royal Westmoreland boasts stunning views of the Caribbean Sea with easy access to its own private beach. Read more…

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Debt Advisory case studies Image

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Clearwater International advised the management team of York Mailing Group on raising a €60m structured finance package to support the MBO of this specialist flyer and media inserts producer.

YMG is the UK market leader in the specialist production of retail flyers, media inserts and quality catalogues. Read more…

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Clearwater International advised water utility company Dee Valley on its €107m debt refinancing, funded by HSBC. The refinancing was negotiated alongside the existing bond facility, providing financing to fund a capital investment programme which was recently agreed with the water industry regulator Ofwat. Read more…

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Debt Advisory case studies Image

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Clearwater International advised Palatine Private Equity on its investment in Verdant Leisure, including raising senior & junior debt facilities from Yorkshire Bank and Tosca Debt Capital.

Verdant Leisure is a boutique holiday park operator offering self-catering holidays and holiday home ownership across Scotland and Northumberland. Read more…

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Clearwater International advised the shareholders of pharmacy business Day Lewis Group on securing €200m of senior and €75m accordion debt facilities from a number of banking partners.

The family-owned business currently owns 277 sites across the UK and is aiming to build up to more than 400 sites by 2021. The group is currently the fifth largest multi-pharmacy chain in England, employing 2,400 people, and plans to expand internationally within four years. Read more…

 

Debt Advisory case studies Image
Debt Advisory case studies Image

 

RLG-Group

Clearwater International advised Reverse Logistics on the structuring of two loan notes facilities with RiverRock.

RLG, a portfolio company of Monitor Clipper Partners, is headquartered in Dornach, Germany and is the leading European provider of fully integrated reverse logistics, after-sales management and individual take-back solutions. Read more…