Our Debt Advisory team has supported Clearway Group on raising incremental debt to finance its acquisition of Secontec, a Germany-based leader in the field of mobile CCTV towers, CCTV installation and remote video surveillance.
Established in 2016 and headquartered in London, Clearway is a leading European security services provider specialising in protecting people, property, and assets. Clearway delivers tailored security solutions utilising an extensive range of specialist services integrated with market-leading technology. Clearway’s technology-led security solutions include CCTV and alarms, for both temporary and permanent applications, and is supported by highly accredited Alarm and Video monitoring stations.
Operating nationwide in UK and France, Clearway has expanded its European security operations with the addition of Secontec.
Founded in 2009, Sectontec is a leading provider of remote video surveillance and CCTV Towers across Germany and Austria with four offices in Germany and Austria and two bespoke in-house Video Operation Centres (VOC) already supporting pan-European clients. Its successful use of artificial intelligence adds to Clearway’s existing technology portfolio which includes innovative solutions around its range of Temporary CCTV Towers and associated products.
FRP Corporate Finance were appointed as debt advisers to support Clearway Group on raising incremental debt to finance its acquisition of Secontec. Led by Partner Tom Cox, and supported by Associate Director Umito Choji, the team provided a fast turnaround whilst managing dynamics across multiple stakeholders and supported Clearway in shaping the financing requirement and the formal request to their incumbent lender, Kartesia.
The deal enabled Clearway to complete its acquisition of Secontec, as well as securing further follow on financing for subsequent M&A deals, as well as continue to invest in its organic growth strategy.
Tom Cox, Debt Advisory Partner at FRP Corporate Finance, said: “This transaction is a testament to the management team’s track record of successfully completing and integrating acquisitions, as well as the relationship they have established with Kartesia who remain supportive of the Group’s future strategy.”
Richard Scully, CFO at Clearway Group, said: “FRP Corporate Finance were very supportive in helping to deliver a robust financing structure and a well-managed funding process. We are a very happy with the funding achieved which provides us with substantial liquidity to continue our future growth strategy.
Clearway is very pleased to welcome SECONTEC into its ever-growing family of European-wide organisations. This strategic acquisition provides us with positive geographical expansion and additional capabilities to further develop the technology solutions side of our business.”
Acquisition Finance and Growth Capital raising
This transaction is a testament to the management team’s track record of successfully completing and integrating acquisitions, as well as the relationship they have established with Kartesia who remain supportive of the Group’s future strategy.Tom Cox Debt Advisory