M&A Deal Summary

Next Wave Partners Acquires Clearway

On September 6, 2021, growth capital firm Next Wave Partners acquired safety/security company Clearway from BGF

Acquisition Highlights
  • This is Next Wave Partners’ 1st transaction in the Safety/Security sector.
  • This is Next Wave Partners’ 8th transaction in the United Kingdom.

M&A Deal Summary

Date 2021-09-06
Target Clearway
Sector Safety/Security
Buyer(s) Next Wave Partners
Sellers(s) BGF
Deal Type Secondary Buyout

Target

Clearway

London, United Kingdom
Clearway provides technology-led solutions, including CCTV and alarms, to monitor and secure vacant properties. The Business has nationwide operations in the UK and a strong presence in France. Clearway was founded in 2016 and is based in London, United Kingdom.

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Buyer(S) 1

Buyer

Next Wave Partners

London, United Kingdom

Investor Investor


Category Growth Capital Firm
Founded 2007
PE ASSETS 90M GBP
Size Small
Type Sector Agnostic
DESCRIPTION

Next Wave Partners is a private equity firm focused on lower mid-market management buyouts, carve-outs, and growth capital buy-and-build transactions. Next Wave looks for businesses generating at least £1 million in EBITDA requiring £15 to £75 million of capital. Next Wave prefers companies located in the UK, but will consider opportunities in greater Europe. Next Wave was formed in 2002 and is based in London.


DEAL STATS #
Overall 12 of 14
Sector: Safety/Security M&A 1 of 1
Type: Secondary Buyout M&A Deals 2 of 2
Country: United Kingdom M&A 8 of 9
Year: 2021 M&A 2 of 2
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2021-06-15 McGraw Hill Education

New York City, New York, United States

McGraw Hill Education is a provider of educational material and learning solutions for students, instructors, and institutions around the world. McGraw Hill Education was founded in 1888 and is based in New York City, New York.

Buy $4.5B
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2022-05-11 Fertility Associates

Auckland, New Zealand

Fertility Associates provides fertility treatments and services to help individuals and couples achieve pregnancy. Fertility Associates was founded in 1991 and is based in Auckland, New Zealand.

Buy -

Seller(S) 1

SELLER

BGF

Investor Investor Investor Investor Investor


Category Growth Capital Firm
Founded 2011
PE ASSETS 2.5B GBP
Size Large
Type Sector Agnostic
DESCRIPTION

Business Growth Fund (BGF) is a private investment firm focused on early and growth-stage investing across the UK. The Firm also invests in publicly traded companies. BGF's growth team looks to invest £1 to £15 million in small to mid-sized companies looking for additional capital to pursue growth. BGF was established in 2011 and is headquartered in London.


DEAL STATS #
Overall 63 of 131
Sector: Safety/Security M&A 1 of 2
Type: Secondary Buyout M&A Deals 18 of 32
Country: United Kingdom M&A 60 of 125
Year: 2021 M&A 17 of 25
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2021-09-03 BHR Group

Cranfield, United Kingdom

BHR Group provides engineering consultancy, industrial research, and product development services related to fluids engineering. BHR now operates as an independent company and works with customers across many industrial sectors around the world, including Sellafield, GSK, and Shell. BHR Group was founded in 1947 and is based in Cranfield, United Kingdom.

Sell -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2021-09-07 Character.com

Swansea, United Kingdom

Character.com is a dynamic character clothing retailer with a focus on children’s products. Character.com was founded in 2009 and is based in Swansea, United Kingdom.

Buy -