BGF and Santander back Clearway

Santander also backed the company by providing a £13m debt facility. The funding will be used to acquire Cerberus Security and Monitoring Services, a Leeds-based security business, and Protim, a Paris-based void property services company.

Following the acquisitions, the forecast turnover for the combined group will be £18m for the 2018-19 financial year. The investment is BGF's 14th so far this year.

Company
Clearway provides a range of services for vacant properties including alarms, CCTV, steel windows and doors, and cleaning, including crime scenes cleanup and biohazard removal. Established in 1991, it is based in Kent and has three UK offices.

People
BGF – Will Gresty, Tom McDonnell (investors).
Clearway – Ian Quinlan (CEO).

Advisers
Equity – CMS (legal).
Company – DLA Piper (legal); EY (corporate finance); BDO (corporate finance).

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• Topics
• Expansion
• UK / Ireland
• Support services
• BGF (Business Growth Fund)
• Santander
• United Kingdom