M&A Deal Summary

Marlowe Acquires Clearwater

On May 21, 2019, Marlowe acquired utilities company Clearwater from Baird Capital Partners Europe for 11M GBP

Acquisition Highlights
  • This is Marlowe’s 1st transaction in the Utilities sector.
  • This is Marlowe’s 2nd largest (disclosed) transaction.
  • This is Marlowe’s 21st transaction in the United Kingdom.

M&A Deal Summary
Date 2019-05-21
Target Clearwater
Sector Utilities
Buyer(s) Marlowe
Sellers(s) Baird Capital Partners Europe
Deal Type Add-on Acquisition
Deal Value 11M GBP

Target

Clearwater

Frimley, United Kingdom
website
Clearwater is a provider of services mainly related to water treatment, hygiene, and compliance across the UK and Ireland. Clearwater has approximately 2,400 customers across a broad range of end markets including healthcare, education, food processing, leisure, and public services. Clearwater was founded in 1990 and is based in Frimley, United Kingdom.

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Buyer(S) 1

Buyer

Marlowe

London, United Kingdom

website

Category Company
Founded 2015
Sector Business Services
Employees5,370
Revenue 316M GBP (2022)
DESCRIPTION

Marlowe is an AIM-listed company formed to create sustainable shareholder value through the acquisition and development of businesses in the outsourced business service sector with a focus on those that provide critical asset maintenance services in the UK. Company are currently focused on fire protection, security systems and water treatment services - which are essential to customers' operations and invariably governed by regulation, and where customers require a single specialist outsourced provider with nationwide coverage. Marlowe was founded in 2015 and is based in London, the United Kingdom.

DEAL STATS #
Overall 21 of 23
Sector (Utilities) 1 of 1
Type (Add-on Acquisition) 20 of 22
Country (United Kingdom) 21 of 23
Year (2019) 1 of 1
Size (of disclosed) 2 of 16
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2018-10-11 Tersus Consultancy

Rainham Essex, United Kingdom

Tersus Consultancy offers trusted advice in the delivery of asbestos services including surveys, air monitoring, and clearance testing, bulk sample identification, project management, training, and property compliance inspection and audits. Tersus Consultancy was founded in 1986 and is based in Rainham Essex, United Kingdom.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2020-10-29 Ellis Whittam

Aldford, United Kingdom

Ellis Whittam Ltd. provides high quality, fixed fee Employment Law, HR, and Health & Safety services to UK employers. The company's Employment Law clients are supported by a named, highly qualified adviser but there is no clock watching and charging by the hour as with traditional law firms. Its Health & Safety service also offers unlimited support for a fixed fee. Clients are supported by a local Ellis Whittam Health & Safety Consultant who performs a General Risk Assessment, prepares the appropriate Action Plan, Handbook and Policies, and, crucially, Ellis Whittam was formed in 2004 and is based in Aldford, United Kingdom.

Buy -

Seller(S) 1

SELLER

Baird Capital Partners Europe

London, United Kingdom

Investor Investor Investor Investor Investor

website

Category Private Equity Firm
Founded 1971
PE ASSETS 2.5B USD
Size Large
Type Sector Agnostic
DESCRIPTION

Baird Capital Partners Europe (BCPE) is the European private equity arm of Baird Private Equity. BCPE invests in lower middle-market companies generating revenues ranging from £10 and £100 million with an enterprise value of £10 - £50 million. Specific areas of interest include industrials, specialty consumer products, aerospace/defense, building materials, electrical equipment, oil/gas equipment, medical devices/equipment, human capital services, transaction processing, process outsourcing, professional/technical services, facilities management, environmental/waste, and marketing services. BCPE looks to invest between £5 and £20 million per transaction. Baird Capital Partners Europe was formed in 1971 and is based in London.

DEAL STATS #
Overall 23 of 30
Sector (Utilities) 1 of 1
Type (Add-on Acquisition) 16 of 19
Country (United Kingdom) 16 of 22
Year (2019) 2 of 2
Size (of disclosed) 5 of 5
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2019-05-06 Hopebridge

Kokomo, Indiana, United States

Hopebridge provides personalized, comprehensive outpatient Applied Behavior Analysis (ABA), occupational, speech, and feeding therapies for children with an autism spectrum disorder or affected by other behavioral, physical, social, communication, and sensory challenges.

Sell -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2020-03-18 Aura

London, United Kingdom

Aura is a consultancy and technology provider specialising in, and bringing together: workspace design, collaboration solutions, workflow, and managed print services, digital media services, and transformation management. Aura is based in London, United Kingdom.

Buy -
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