Clearwater International advises PE firm on raising debt facilities for investment

Birmingham’s Clearwater International has advised private equity investor Livingbridge on raising debt facilities to support the investment in North SP Group (North), a connectivity and IoT specialist.

The investment will support further acquisitive growth and includes the recent acquisition of Data Techniques.

North is a technical integrated technology specialist delivering end-to-end networking and IoT application design, implementation, support, and managed services throughout the UK.

Led by CEO Glen Williams, North has more than 270 staff, of which around 160 provide technical services.

The investment will support North’s growth strategy and includes its recent acquisition of Data Techniques, which offers a similar proposition and end-to-end capabilities. The combined businesses will operate a national network of highly technical engineers covering the design, build, maintenance, and monitoring of end-to-end IoT solutions and services, becoming a ‘one stop shop’ for customers as they digitise their estates and buildings.

Clearwater International raised debt facilities to support the acquisition and future growth from LGT and HSBC.

The Clearwater International team comprised managing partner Mark Taylor, director Tom Barnwell and senior associate Ben Crowe.

Barnwell said: “It was great to work with both Livingbridge and the North team in arranging a debt package that aligns with the business’ growth plans. The investment builds on Livingbridge’s existing expertise in networking and connectivity businesses having worked with many others in the past. We would like to wish the team the best of luck in meeting their strategic goals.”