Clearwater International advises PE firm on digital investment
Birmingham’s Clearwater International has advised LDC on its investment in REAL Digital International (RDIL), the specialised data-led software solutions and automated fulfilment provider, to support the existing management team’s organic growth strategy.
Established in 2004, RDIL plays a key role in helping organisations to solve complex fulfilment challenges. The business optimises client supply chains through its use of automation technology, software, personalisation and managing bespoke uniquely coded products to create more efficient production processes and reduce costs.
The business supports a range of sectors including large healthcare organisations to operate pioneering home testing kit programmes to support home testing and screening programmes such as bowel cancer and general wellness. RDIL also serves some of the UK’s largest mobile network operators, providing a personalised mobile SIM packaging and delivery service across their broad supply chains.
RDIL, which is headquartered in Croydon, currently employs more than 80 people and will deliver revenues of £18m in 2021.
LDC’s investment will support the existing management team – led by managing director Barry Stephens and sales and marketing director Chris Tagg – to further grow RDIL’s services and market share across all sectors, particularly within healthcare, mobile and connected devices. LDC’s support will also enable the team to explore complementary acquisitions.
Clearwater International also provided debt advisory support on this transaction while Apera provided debt financing to fund the deal.
The Clearwater International team comprised managing partner Marcus Archer, partner Chris Smith, directors Paul Finlayson and David Grassby and senior associates Gregory Cornes and Ben Crowe.
Barry Stephens, managing director of RDIL, said: “This investment allows us to embark on an exciting new chapter for the business continuing to expand and develop our market-leading technological solutions across our broad client base. LDC has really taken the time to get to know our team and the company. With their support, we have the perfect platform to help us to drive the business forward.”
Aylesh Patel, investment director at LDC, added: “RDIL has developed a unique proposition to service markets with huge growth potential. We are backing a strong and passionate management team of innovators and problem solvers that continue to surpass their clients’ expectations. We look forward to partnering with Barry, Chris and the team to support the next stage of their growth journey.”
Paul Finlayson, director, Clearwater International, said: “This is a great result for LDC and RDIL. Through LDC’s investment, the business is well-positioned to continue its market reach and outstanding service to clients. We would like to wish management all the best.”
