Transaction

Clearwater advised AVK Group on raising financing to support its MBO

Transaction

AVK Group raised financing to support its MBO

Debt advisory

Undisclosed

Role

Adviser to AVK Group on raising financing to support its MBO

Sector

Business Services

Region

Portugal

Clearwater has advised the management team of AVK Group (AVK) on raising financing to support its management buyout (MBO).

AVK is a leading group providing audio-visual global communication solutions for all types of corporate events throughout Portugal and the Galicia region in northern Spain. AVK Group serves more than 4,000 events per year and generated a pre-pandemic consolidated turnover in 2019 of approximately €18m.

3AV New Skills, a new entity formed by three experienced managers, obtained control of 90% of AVK after the acquisition of approximately 48% of the AVK Group from the founding shareholder.

headphones

This partnership gives us a new drive for the future. Although the impact caused by the pandemic in our activity is evident, we share high expectations of a strong recovery of the business in the near term and are more than happy to have aligned our views and perspectives with this transaction.

3AV New Skills
headphones

We would like to congratulate 3AV New Skills on this important step. We are certain that their talent and extensive experience in the sector will enable AVK to become even stronger, especially as a result of the upturn of the events activity. With this transaction, all conditions are set for AVK to continue being the reference player in the Portuguese audio-visual market with the best technological solutions. We wish them the best of luck for the next phase of the group.

José Lemos, Partner, Clearwater

Advisers

Jose Lemos_Profile-Photo_Chosen

José Lemos

Partner +351 917 529 764 jose.lemos@clearwatercf.com

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