Clearwater International Ireland has advised the key shareholders and management team of Brightwater Recruitment (Brightwater) on the buyout of the company.
Barbara McGrath, Managing Director, John O’Donnell, Finance Director, and Estelle Davis, Executive Research Director, led the MBO backed by financiers John Hannon and John Lacy with support from finance firm, Capital Step. The transaction sees a successful exit for a number of shareholders whilst positioning the company for further success under its new ownership structure.
Multi-award-winning Brightwater, is Ireland’s leading independent, specialist recruitment firm. Founded in 1998, the company employs over 95 people across offices in Dublin, Cork and Belfast. Brightwater provides high-calibre permanent, contract, and executive search & selection services across a number of sector verticals, with a focus on professional services.
Brightwater has experienced strong growth in recent years and is well placed to expand its presence in the recruitment market in Ireland and internationally both organically and through acquisition.
This transaction highlights Clearwater’s cross-border capabilities, utilising the strengths of both the Irish and UK teams. Partners John Curtin and Marcus Archer led the Clearwater International team, with support from Associate Director Mark Maunsell and Associate Christopher Jordan.