RJD Partners completes MBO of Harrington Brooks


Clearwater Advisor

Clearwater International advised mid-market private equity house RJD Partners on its management buy-out of debt solutions provider Harrington Brooks.

RJD Partners is an independent private equity house, focused on the lower to mid-market. With over £250m in funds, RJD Partners invests between £5m and £25m in deals worth up to £75m – predominantly in the UK services and leisure markets. RJD Partners have taken a majority stake in Harrington Brooks to support the continued growth of the company.

Harrington Brooks is one of the UK’s leading debt solutions providers, employing over 380 staff and with turnover reaching a record £29m for the financial year ending March 2012.

The Clearwater International team was led by managing partner Michael Reeves and director Nick Horrocks, who advised RJD Partners.

“We continue to be impressed with the depth of Clearwater’s sector team knowledge, which allows the teams to deliver insight of real value to their clients and their funders. Their strong project management skills and ability to work to very tight deadlines means that they are able to successfully complete deals despite difficult market conditions, conditions that make knowledgeable and trusted advisors like Clearwater more important now than ever.”

Alex Hay, Partner, RJD Partners

“Harrington Brooks presents an excellent growth opportunity for RJD Partners. With its extensive knowledge of the services sector, RJD Partners will be able to build on Harrington Brooks’ already strong book and support the company in taking advantage of a growing consumer debt management market.”

Michael Reeves, CEO, Clearwater International