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Clearwater advises Waterland on raising debt facilities to support its investment in Black & White Engineering

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Waterland on raising debt facilities to support its investment in Black & White Engineering

Acquisition finance

Undisclosed

Rolle

Adviser to Waterland on raising debt facilities to support its investment in Black & White Engineering

Sektor

Business Services

Region

Großbritannien

We have advised Waterland Private Equity (Waterland) on raising debt facilities to support its investment in Black & White Engineering (Black & White), an award-winning mechanical, electrical, and plumbing (MEP) design and consultancy service, with an expanding global presence at the forefront of the growing data centre market.

Established in 2014, Black & White has emerged as a premier, engineering design consultancy to top-tier data centre operators throughout Europe, the Middle East, and Asia. Black & White specialises in providing cutting-edge, high-quality engineering solutions that are both efficient and cost-effective. With years of industry experience, the company has built a profound understanding of the engineering landscape and remains consistently up to date with the latest trends and technologies.

The business today employs over 500 people and works with 110 clients across 23 countries. Waterland’s investment represents an exciting opportunity to further enhance Black & White’s already impressive track record and bolster its global expansion ambitions. With Waterland as a strategic partner, Black & White aims to broaden support for customers across both new geographies and by widening its engineering offering with new specialisms. This will be delivered by organically broadening its footprint into new territories and pursuing strategic acquisitions across Europe, Asia, Australia, and Africa.

Mick Cairns, CEO and Founder of Black & White, will remain integral to the business and will continue as CEO, alongside the Black & White leadership team. A cornerstone of Black & White’s success lies in the culture that Mick and the leadership team have fostered within the business and the calibre of talent this has attracted. 

Our Debt Advisory team raised debt facilities from Eurazeo to support Waterland’s investment. 

construction structure concept engineer working

Black & White has grown hugely since I founded the business, and I could not be prouder of our team, who have helped us reach this huge milestone in our journey. We are delighted to be partnering with Waterland and leveraging its track record of international growth and acquisition experience. We are looking forward to supercharging the momentum we have built with Waterland, acting as a hands-on partner, that supports our vision and ambitions.

Mick Cairns, Founder, Black & White
construction structure concept engineer working

Clearwater proved that they really understood Black & White’s global business model, advising on a bespoke financing package tailored to the requirements of a fast-growing, global company. Waterland and the Black & White team are delighted with the guidance provided by Clearwater and we are thrilled to welcome Eurazeo as our debt partner.

Jonathan Lloyd-Evans, Investment Manager, Waterland Private Equity

Black & White is an award-winning global engineering consultancy, and the partnership with Waterland will drive Black & White’s vision and ambitions for the future. It has been a pleasure working with Waterland, Mick and Steve to secure funding to support the business. We are looking forward to seeing a long and successful partnership, supported by the bespoke financing provided by Eurazeo.

Tom Barnwell, Partner, Clearwater

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