Founded in 1991, Clearway generates revenues from a range of services from clearance of recently vacated properties to ongoing technology-led monitoring and security of both commercial and residential homes.
The First Lien facility in December 2016 supported the acquisition of Clearway. The experienced management team led by CEO, Ian Quinlan, acquired a majority equity stake from the previous owners, who remained in the business, whilst the incoming senior team drove growth through a well progressed acquisition strategy.
Ian commented: “The TDC team worked closely with all key stakeholders to develop a funding structure that positioned the Group for growth and pursuit of strategic goals.
“Their flexibility and regional presence allowed us to complete the buyout and subsequent acquisitions in a timely manner, whilst providing invaluable challenge on acquisition targets and wider corporate strategy through Board attendance. Partnering with TDC enabled us to move the Clearway Group to the next level, ultimately enhancing shareholder value.”
SectorVacant Property Services
Deal typeFirst Lien Facility
Deal dateDecember 2016
Exited toBGF & Santander