Beck & Pollitzer

Advised by Clearwater, Hermes Private Equity successfully won the auction to fund Beck & Pollitzer’s quaternary management buy-out.

Beck & Pollitzer Engineering is Europe's leading engineering services contractor specialising in the installation and relocation of industrial plant and machinery. Established 1863, Beck & Pollitzer now has sales turnover of £55m and a employs 300 skilled workforce in 15 operating locations across Europe (UK, Czech Republic, France, Germany, Poland, Hungary, Russia & Slovakia).

With a constantly growing number of operating locations, Beck & Pollitzer can undertake any kind of factory installation or machinery removal throughout the world. The company has a blue chip international client base across a wide range of sectors including automotive, printing, canning, pharmaceutical and aerospace.

The deal, which is the fourth management buy-out Beck & Pollitzer has undertaken, sees Hermes Private Equity take a controlling stake alongside existing management, and a recently appointed managing director.

As market leader in a fragmented market, the company has strong opportunities for growth as clients seek partners with powerful international capabilities

Clearwater advised Hermes Private Equity to successfully bid through a competitive auction process. The deal was robustly negotiated and executed within a very concise time schedule.

The deal represents Clearwater's third buy side completion in recent weeks following the acquisition of Pall Mall, the UK cleaning and security services arm of Carillion plc, by Irish support services company resource™ and the MBO of Abel and Cole backed by Phoenix Equity Partners.

Hermes Private Equity commented after the successful deal:

"Clearwater provided us with top-tier support throughout a very competitive process, assisting us to understand the business, the marketplace and management's plans, in addition to a thorough financial analysis and helping us get to completion in a very tight two-week period post-exclusivity."