FRP advises on Clearway Group’s acquisition of Secontec

FRP’s debt advisory team has supported Clearway Group on raising incremental debt to finance its acquisition of Secontec, a Germany-based company in the field of mobile CCTV towers, CCTV installation and remote video surveillance. 

Established in 2016 and headquartered in London, Clearway offers security services and specialises in protecting people, property, and assets. Operating nationwide in the UK and France, Clearway has expanded its European security operations with the addition of Secontec.

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.

Cox 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 of Clearway Group, added: “FRP Corporate Finance were very supportive in helping to deliver a robust financing structure and a well-managed funding process. We are 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.”