CSC completes buyout with capital from Livingbridge and Yorkshire Bank

Clearwater Advisor

Structural engineering software company CSC has secured a financing package from Livingbridge valuing the business at £20 million. Clearwater International led, structured and arranged the deal.

CSC’s customer base comprises some 2,500 companies in the UK, Ireland, Singapore, Malaysia and Australia. The business plans to continue international development opportunities in the USA, Middle East, Europe, India and Asia Pacific.

CSC was founded in 1975 as a subsidiary of a Civil and Structural Engineering Consultancy and became independent in 1987 following a management buyout. Two subsequent buyouts have taken place, the latest of which was led in 2003 by current managing director Mark Roberts, aged 44.

“This provides the perfect platform for CSC to realise our next stage of business development and the management team are relishing the challenge of a very exciting opportunity.”

Mark Roberts, Managing Director, CSC

“Clearwater International advised on CSC’s MBO back in 2003, which completed on the same day as Clearwater International’s own buy-out. This latest deal was therefore nostalgic as well as being the perfect platform for CSC’s new phase of growth. The management teams were looking for a financial partner to support its strategic plans, principally through further product development, further geographic expansion into the USA and Asia and, where appropriate, acquisition. The deal will reinforce CSC’s strategic global objectives, while realising part of their investment. In addition, the shareholders hope to use this process to develop the next layer of management and continue the success of the business.”

Carl Houghton, Partner, Clearwater International