Clearwater International has advised the management team at leading print supplier York Mailing Group (YMG) on its MBO which has financial backing from Pricoa Capital Group.
YMG is the UK market leader in the specialist production of retail flyers, media inserts and quality catalogues. In the past two years, the business has seen revenues grow from €94m to more than €136m through acquisitive and organic growth as well as significant investment in new machinery. This has also resulted in 275 new jobs and more than a 50% increase in earnings to €16m EBITDA.
In the last two years, YMG has acquired two businesses – The Lettershop Group in 2013 and Go Direct Marketing in 2014 – which have added advanced printing capabilities and a new data-driven analytics division. These developments have helped YMG to win some substantial new contracts and the investment in technology positions the business perfectly for continued growth.
The Clearwater International team was led by partners Jon Hustler and Mark Taylor, supported by Rob Britton and Mark Gillingham.
Stephen Goodman, Group MD at YMG
Jon Hustler, Industrials partner at Clearwater International
Mark Taylor, Debt Advisory partner at Clearwater International