Clearway

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

LocationDartford

Deal typeFirst Lien Facility

Deal dateDecember 2016

Deal amount£6million

ExitedApril 2018

Exited toBGF & Santander

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Tosca Debt Capital LLP (“TDC”) is an Appointed Representative of Toscafund Asset Management LLP which is authorised and regulated by the Financial Conduct Authority (“FCA”) and registered with the U.S. Securities and Exchange Commission as an Investment Adviser. Tosca Debt Capital LLP is a company registered in England and Wales. Registered number: OC414014