LDC backs Stroma MBO

ldc

Clearwater Advisor

LDC has backed the MBO of Stroma, a supplier of software applications & services to the energy efficiency market, in a deal advised by Clearwater International.

Based in Castleford, Stroma was established in 2002 by Matt Ferguson, Rob Coxon and Steve Turner. The business now employs over 200 people across two divisions: Stroma Certification, a leading provider of training, accreditation and software products used throughout the UK energy assessment market; and Stroma Technology, a specialist provider of energy-related technical consultancy services including assessment and advice relating to the energy performance of buildings.

Clearwater International provided buy-side financial advice, led by partners Paul Jones and Mark Taylor. Paul and Mark were supported by director Nick Horrocks, assistant director Tom Barnwell and manager Aidan Miller.

“Clearwater International added significant value to the process through arranging an attractive funding package to help fund the investment, and in helping us to assess our most likely exit options through a detailed and commercially focused exit review.”

Chris Wright, Investment Director at LDC

“Clearwater International is delighted to provide debt advisory and strategic buy-side support to LDC on its investment in Stroma. Stroma has a strong market position in both certification and fieldforce software within the domestic and commercial energy market, and is extremely well placed to take advantage of the exciting growth opportunities this market is providing. Changing legislation and an increasing focus on energy efficiency means Stroma’s software solution will become ever more relevant over the next few years.”

Paul Jones, Partner at Clearwater International

“The innovative funding package agreed with RBS was structured to facilitate the continued growth of Stroma by providing significant flexibility, including a revolving element, throughout the commitment period.”

Mark Taylor, Debt Advisory Partner at Clearwater International