Clearwater International Ireland advises on the MBO of Brightwater Recruitment

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.

“Clearwater International, under the stewardship of John Curtin and Christopher Jordan, made our recent MBO a seamless transaction. They were clear, engaging, understood our business model from the get go and negotiated with us and on our behalf on the many nuances of M&A within a business. I would have no hesitation in recommending them and wish them every success in their future transactions.”

Barbara McGrath, Managing Director, Brightwater Recruitment

“We are delighted to advise on the MBO of Brightwater Recruitment. Brightwater’s strong corporate culture, excellent brand and exceptional management team highlight the company’s reputation as Ireland’s leading specialist recruitment consultancy. In John Hannon and John Lacy, and Capital Step, Brightwater has the ideal partners to support the company’s ambitious growth plans over the coming years, and I have no doubt Brightwater is well positioned for future success.”

John Curtin, Partner Clearwater International