Clearwater advises Celnor on its refinancing

Transaction

Inflexion-backed Celnor on its refinancing

Refinancing

Undisclosed

Role

Adviser to Inflexion-backed Celnor on its refinancing

Sector

Business Services

Region

We have advised Inflexion’s portfolio company Celnor Group (Celnor), a specialist provider of testing, inspection, certification, and compliance (TICC) services, on its refinancing.

Founded in 2023, Celnor is a group of complementary businesses offering a broad range of TICC services to commercial clients across the UK, led by CEO Simon Parrington. The business’s member companies provide the data, consulting, and insight that its customers need to manage sustainable development and compliance with environmental and occupational regulations. Celnor’s member companies have been carefully selected to fit the business’s vision and values, working together to provide customers with the critical data they need for sustainable, safe, and compliant activities.

Our Debt Advisory team advised Celnor in its refinancing with capital from Ares Management Credit funds that will support Inflexion’s investment and provide a suitable facility to support the business throughout its ambitious growth strategy.

We have received excellent support from the Clearwater team led by Richard and Ben, they provided attentive and flexible advice during this process. We are delighted to have the support of Ares in our ambitious growth plans over the next decade, ensuring we provide a first-class experience for both our colleagues and customers.
Simon Parrington, CEO, Celnor

It was a pleasure working with the Clearwater team on this refinancing process. Their professionalism and invaluable advice throughout made the entire process feel both seamless and efficient. Their expertise and dedication were evident every step of the way.
Alice Lawson, Investment Director, Inflexion

We are delighted to have worked with the team at Celnor on the successful completion of this refinancing process. We supported the team in finding the right provider in Ares, with a financing package that will help deliver the goals of the business. We look forward to seeing the business's continued success and wish the team all the best.
Richard Clark, Partner, Clearwater