The total financing package of £46 million was raised by Clearwater International with the East Midlands office of LDC providing over £18 million of venture capital and the Nottingham office of Bank of Scotland making available significant bank finance.
“LDC is delighted to support Mike Clark and his team in acquiring the Britton Group, with an investment of £18.65 million. The deal underlines LDC’s desire to support high quality management teams in the regional MBO marketplace, where there continues to be vibrant professional communities able to source and transact deals of this nature.”
“We are delighted to have been able to orchestrate the bringing together of Mike Clark and his team with the Britton Group. Their experience in the industry coupled with Britton’s reputation and quality products, present a fantastic opportunity going forward.”