Supporting Business Growth Fund’s acquisition of The Clearway Group

About The Clearway Group

Clearway provides technology-led solutions including alarms and CCTV to monitor vacant properties, as well as steel window and doors to ensure that they’re secured.

clearway

The Clearway Group, a vacant property services business received a £23 million funding package from BGF and Santander to support its organic and acquisitive growth strategy.

The funding was initially being used to make two acquisitions – Cerberus Security and Monitoring Services Limited (Cerberus), a Leeds-based security and monitoring business, and Protim SAS, a Paris based void property services company.

The transaction came to a close following over two years of regular engagement with the management team. We became a trusted advisor to the management team, helping them to navigate through the complexities of refinancing their existing debt facilities.

Clearway CEO Ian Quinlan said:

The vacant property services market remains largely fragmented which results in inefficiencies for management companies requiring a national framework and service. BGF and Santander’s investment will help us accelerate our acquisition strategy and expansion across the UK. We’re pleased to be working with the team as we continue to scale the business and explore opportunities for growth in the market.

The vacant property services market remains largely fragmented which results in inefficiencies for management companies requiring a national framework and service. BGF and Santander’s investment will help us accelerate our acquisition strategy and expansion across the UK. We’re pleased to be working with the team as we continue to scale the business and explore opportunities for growth in the market.

Nick Holman, Director – Financial Sponsors, Structured Finance Group, Santander UK, said:

We have a long association with Ian and his experienced team and are delighted to have the opportunity to assist them again in the creation of a serious challenger in the vacant property security markets in the UK and France.

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