Clearwater International advises Greenray Energy Solutions Ltd on its growth focussed refinancing

Clearwater International has advised Greenray Energy Solutions Ltd (Greenray), a provider of after-market servicing to the industrial gas turbine and steam turbine market, on a major refinancing, with funding provided by HSBC.

Founded in 1981, Greenray supplies parts, maintenance services and technical support to turbine machinery owners and operators in over 30 countries worldwide. Offering 24/7 support with guaranteed response times ensures clients can rely on the dedication and performance Greenray provide, in what can be frequently challenging environments.

The investment, provided by HSBC, allows Greenray to undergo further strategic business growth. Following the MBO at the end of 2012, on which Clearwater International also advised, the business is in an exciting phase of development, seeking to expand its reach into new territories and new markets as well as move into bespoke new offices in early 2017.

The Clearwater International team was led by Partner Jon Hustler, supported by Director Karen Edwards, Senior Associate Richard Ellis and Associate Haseeb Shah. The HSBC team was led by Relationship Director Wayne Bowers.

“Over recent years we have seen increasing demand for our services and Greenray has a strong platform on which to base future business development. As we continue to win contracts with new and existing customers the potential for Greenray is looking very strong.”

Iain Lister, Managing Director, Greenray

“It has been a pleasure to continue our journey with Greenray. The business has gone from strength to strength over recent years and the new finance package will accelerate the company’s growth potential.”

Jon Hustler, Partner, Clearwater International