Transaction

Clearwater advises ECI Partners on its investment in TAG

Transaction

ECI Partners on its investment in TAG

Buy-side

Undisclosed

Role

Adviser to ECI Partners on its investment in TAG

Sector

Consumer

Region

United Kingdom

Clearwater has advised ECI Partners (ECI) on its investment in TAG, the market leading high-touch travel management company to the entertainment and corporate markets. The transaction marks a successful exit for investor Apiary Capital.

TAG was founded in 1988 and now employs more than 450 people across the globe. As an award-winning travel and event management company, TAG has redefined the standards for travel in the entertainment industry with specialists providing bespoke, high-end service to some of the biggest names in music, film and TV production, as well as top C-suite and corporate executives.

With a track record of eight successful acquisitions during Apiary’s ownership, TAG is poised for further expansion with ECI's backing, bolstering its platform and enhancing its bespoke offering to its client base around the world.

The transaction is Clearwater’s fourth completed travel sector transaction since June 2023, evidencing the robust outlook for the sector. These transactions (Direct Ferries, Diversity Travel, TrustedHousesitters and TAG), reinforce Clearwater’s position as the leading mid-market M&A adviser to the travel sector.

Clearwater’s Debt Advisory team have secured attractive debt financing packages for three of these transactions, an encouraging vote of confidence for the travel industry, which bodes well for the future.

Untitled 7

We are excited to be partnering with TAG and leveraging ECI's experience of investing in the travel industry to propel this global leader to new heights in the global entertainment and corporate travel markets. We are looking forward to working with the management team to continue innovating TAG’s service model, investing in technology and supporting the next stage of growth in its global footprint.

George Moss, Partner, ECI
Untitled 7

Clearwater was a great partner to ECI on this deal. Their deep travel sector expertise in combination with our own was key to winning the chance to invest in TAG - a top tier, global market leader. Their advice was excellent throughout, and on both M&A and debt they put in the hard yards alongside us. We were supported by high quality people across their teams, who were also a pleasure to work with. We are delighted to be backing TAG and to have another travel deal on our shared track record with Clearwater.

Rory Nath, Investment Director, ECI

Today is a fantastic milestone in our evolution, as we proudly announce the investment by ECI. With our entertainment and corporate clientele and the incredible TAG team, we are very confident that this partnership will deliver a host of new benefits and opportunities as we're poised to elevate our standards even further, ensuring unparalleled service for our clients as we continue to shape the future of entertainment and high-end corporate travel management. We would like to thank Mark, Jess, Nicki and the team at Apiary for their support and commitment over the past six years and we look forward to the journey ahead and growth with ECI as our new partner.

Jens Penny, CEO, TAG

TAG is a fantastic business that we have been close to for many years. We thoroughly enjoyed working with the team at ECI on this transaction, helping them to bring one of the leading global specialist travel management companies into the ECI stable. TAG’s end markets provide it with compelling growth prospects and we have little doubt that it will continue to thrive under ECI’s stewardship. This is also the fourth travel deal that our team have completed with ECI Partners – a testament to both our and their enduring commitment to the sector through the cycle.

Christopher Jones, Managing Partner, Clearwater

It was a pleasure to work with ECI and TAG to secure a funding package which provides operational flexibility, as well as aligning with the business’ future growth plans. This is a great example of Clearwater’s M&A and Debt Advisory teams working together to secure a fantastic result for our client, and we are delighted to have been involved. It is also the tenth debt advisory transaction we have completed in 2024.

Richard Clark, Partner, Clearwater

Advisers

Transactions

Drag and zoom to explore transactions

Transactions

dairy cows eating hay
Family-owned dairy company sells to major global p…

Adviser to the shareholders of Yew Tree Dairy on its sale to…

wind turbines
Partnership to create a global leader in the wind …

Adviser to Endiprev on its sale to Muehlhan Wind Service

DOT steel surface treatment services
Acquisition of leading Nordic steel surface treatm…

Adviser to Jysk-Fynsk Kapital on its sale of DOT to Kirk Kap…

shutterstock 389455273
Securing funds to support the acquisition of a lea…

Adviser to Nova Motorsport on its fundraising to support its…

Ostergaard pipes installation
Heating up the market: Fueling growth with strateg…

Adviser to Østergaard Entreprise on its sale to Dansk Ejerka…

STG railway services
Strategic partnership between leading actors in th…

Adviser to Scandinavian Track Group on its sale to Vossloh

group small school kids teacher guitar
Securing the ideal investor for ‘progressive’ musi…

Adviser to Rocksteady Music School on its investment from Ve…

generic meeting women SL1 v2
Strategic alliance for InSitu, one of the pioneers…

Adviser to InSitu on the sale of a minority stake to Armonia…

employees desktop work
Forward-thinking investor completes partnership-le…

Adviser to GCP on its investment in CloudRock

woman phone communication
Inspiring growth and ambition by forming Italy’s l…

Adviser to Next14 on its sale to Gruppo SAE through SAE Comm…

NPG infrastructure maintenance
NPG's dynamic merger with Norva24: A game-changer …

Adviser to NPG on its sale to Norva24

club del sole camping village site
The right investor for a forward-thinking operator…

Adviser to The Equity Club on the acquisition of a minority …

male hr recruiter employer holding cv
Joining forces for an international job market

Adviser to YER on its acquisition of AVANTGARDE Experts

image 62
Raising finance to support digital corporate banki…

Adviser to EMERAM on raising finance to support the acquisit…

team working computer
Securing the right partner for a high-quality cons…

Adviser to Farsight Consulting on its sale to Version 1

football stadium video
PE supports interconnected sports and live event a…

Adviser to Accredit Solutions on its investment from Gresham…

beauty woman moisturiser
Securing future development in the cosmetics and p…

Adviser to Nordic Beauty Company on its sale to Dayes Group

sustainability panels
Debt facilities raised to support investment in le…

Adviser to Beech Tree on raising debt facilities to support …

electrician on background high towers power
Skewb receives investment from BGF

Adviser to Skewb on its significant investment from BGF

woman laptop online
PE backs ambitious growth plans for mid-market tec…

Adviser to the shareholders of Archiva on its sale to Progre…

steinwolle production new
Global building materials group introduces new ins…

Adviser to BACHL on the sale of BACHL Steinwolle to Kingspan

SL3 13
Further expansion in to Europe for a leading SaaS …

Adviser to Simplicate on its sale to and roll over in Blinqx…

image 106
A deal conversion for leading B2B lead generation …

Adviser to Leadinfo on the sale of its remaining shares to t…

image 65
Dynamic recruitment partnership expected to yield …

Adviser to YER on its acquisition of Staffxperts

young children playing educational toy
Unlocking huge latent potential for a market leade…

Adviser to Findel on its sale to Manutan

group students working together teacher
PE backs placing great teachers in education setti…

Adviser to TeacherActive on its investment from Pricoa

sport clothes store shopping mall
Omnichannel sports retailers take Italy and German…

Adviser to Cisalfa Sport on its partnership with SportScheck

image 51
Forging a natural partnership between the two most…

Adviser to Miura Partners on the acquisition of a majority s…

traffic cones on road electronic arrow
A smooth ride for a road traffic solutions special…

Adviser to Road Traffic Solutions on its sale to Equistone-b…

engineer wearing safety uniform helmet
A safe pair of hands for the UK's largest passive …

Adviser to Checkmate Fire on its sale to IK Partners

Software company
PE backs global leader in procure-to-pay software …

Adviser to SoftCo on its investment from Keensight

baked cookies v2
Bake sale! PE sale of manufacturer and distributo…

Adviser to Initiative & Finance on the sale of Groupe Occipa…

shutterstock 708489889
Representing a dynamic and growing pharma, nutrace…

Adviser to Sanifarma on its sale to Fidia Farmaceutici

blonde female tourist checking incoming notification
PE backs hyper-personalised, automated passenger c…

Adviser to 15below on its significant investment from LDC

image 64
Saving 10,000 jobs as a consortium of investors ba…

Adviser to Yodel on its sale to YDLGP Ltd

image 123
Maximising potential through synergies in the Span…

Adviser to ATP Farma on its sale to Plameca

ATLINE feeding industry
Scaling up automated, robot-operated, quality assu…

Adviser to ATLINE on its sale to Indutrade

Corrugated cardboard
Neatly packaged deal for a manufacturer of corruga…

Adviser to Atlantic Box on its acquisition of CST

shutterstock 97066274
A new dimension for a luxury events agency

Adviser to the shareholders of Marcadé on its sale to Trail

image 106
Driving exponential growth during a ten-year partn…

Adviser to Skanstec Group on its sale to H&MV Engineering

image 70
Accelerating growth across the food & beverage and…

Adviser to Ingersoll Rand on its acquisition of Friulair, a …

urban wastewater treatment plant
Satisfying demand for water and wastewater infrast…

Adviser to Lauridsen Handel & Import on its sale to Uniwater

iStock 951945582
Acquisition boosts market leader in DECT (Digital …

Adviser to Gigaset Communications on its sale to Snom Soluti…

image 57
PE portfolio company enables growth in physics, so…

Adviser to the shareholders of Guldberg and Personites on it…

hotels
Five star success for the sale of trio of 4-star h…

Adviser to Honotel Group on the sale of three Parisian hotel…

business collaboration 2 SL3
Enabling support innovation and business growth an…

Adviser to ABF Group’s sale to Warrant Hub, a subsidiary of …

image 102
Successful fundraiser for proprietary AI-driven te…

Adviser of Anozr Way on its Series A fundraising with Hi Ino…

Clinic nurses tablet
Medicine, Surgery, Obstetrics (MSO) clinics attrac…

Adviser to PREIM on the sale of the real estate of Clinique …

Optimity Relex worker
Enabling consumer goods companies to accurately pr…

Adviser to the owners of Optimity on its sale to RELEX Solut…

Healthcare data
Supporting a vision to keep healthcare affordable …

Adviser to i2i on its sale to IG&H

pets cat dog VPG
For the love of pets: simultaneously conducting a …

Adviser to Vital Petfood Group on its sale to United Petfood

Project Nest
Raising finance to support the acquisition of a le…

Adviser to Chequers on raising finance to support the acquis…

shutterstock 1873413118  v3
PE invests in reduced electricity consumption, low…

Adviser to Hvacon Marine Systems on its sale to Capidea

image 99
Reaching more retailers with a unified commerce pl…

Adviser to Glory Global on its acquisition of Flooid

shutterstock 1606158370
Naval defence consortium boosts manufacture and ma…

Adviser of Jeumont Electric's shareholders on the sale of th…

Relatable icons
Investment deal trending on Instagram, TikTok, and…

Adviser to Bambuser on its sale to Ravenmedia (Mediacap)

image 66
Blue-chip clients benefit from sale of administrat…

Adviser to Alvarez & Marsal and AlpInvest on its sale of Doc…

image 103
Paving the way in renewable energies, efficiency t…

Adviser to enercity on the structuring of a syndicated RCF t…

ARTIGIANGIOCCO CIEMME1
From field to fork: PE acquires majority stake in …

Adviser to Hyle Capital Partners SGR on the acquisition of a…

businessman businesswoman surveyors
PE backs leading provider of engineering surveying…

Adviser to WestBridge on its investment in Survey Solutions

carpets
Clearwater advises Brintons Carpets on raising deb…

cropped image young man labrador
Disrupting the digital marketplace with a new age …

Advisers on the sale of TrustedHousesitters to Mayfair Equit…

copper pipes close coils tubes warehouse
Clearwater advises Deutsche Invest Mittelstand’s p…

<p>Clearwater has advised DI Mittelstand‘s newly acquired po…

marble countertop
Clearwater advises Tenax on its acquisition of NES…

<p>Clearwater has advised Tenax, a world-leading producer of…

iStock 951945582
Clearwater advises Apadmi on its investment from C…

<p>Clearwater has advised the shareholders of Apadmi, a lead…

image 63
Clearwater advises Mobeus on its investment in Ell…

<p>Clearwater has advised Mobeus, a leading institutional in…

shutterstock 2112459077
Clearwater advises Nørgaard Anlæg on its sale to N…

<p>Clearwater has advised Nørgaard Anlæg, a turn-key landsca…

WESTFA Fluessiggas Tank weiss
Clearwater advises Adeleon on the sale of WESTFA E…

<p>Clearwater has advised Adeleon Familienholding GmbH (Adel…

Plane runway
Clearwater advises Technic Aviation on its sale to…

<p>Clearwater has advised the shareholders of Technic Aviati…

Web summit
Clearwater advises AVK Group on its sale to Crest

<p>Clearwater has advised the shareholders of AVK Group, the…

image 93
Clearwater advises Suez on the disposal of its env…

<p>Clearwater has advised Suez, a French multinational water…

maritime trade ship
Clearwater advises Green Instruments A/S on its sa…

<p>Clearwater has advised Green Instruments A/S (Green Instr…

image 53
Clearwater advises INTERSPORT Deutschland on the s…

<p>Clearwater has advised INTERSPORT Deutschland eG (INTERSP…

image 106
Clearwater advises Lutech on its acquisition of Eu…

<p>Clearwater has advised Lutech Group (Lutech), a portfolio…

iStock 540852816
Shared values unite growing health tech company an…

Adviser to Mayden on its partnership with G Square

image 58
Clearwater advises Novabase on its sale of Neotale…

<p>Clearwater has advised Novabase Consulting Sgps S.A. (Nov…

iStock 463594335
Clearwater advises the shareholders and managers o…

<p>Clearwater has advised the shareholders and managers of M…

image 52
Clearwater advises Fruition IT on its investment f…

<p>Clearwater has advised Fruition IT (consisting of Fruitio…

image 136
Clearwater advises Banook Group’s shareholders, Tu…

<p>Clearwater has advised the shareholders of Banook Group (…

business finance generic ML3 2
Clearwater advises iamproperty on its investment f…

<p>Clearwater has advised the Shareholders of iamproperty, a…

image 82
Clearwater advises CDS Groupe and IDI on raising f…

<p>Clearwater conseille CDS Groupe, leader français indépend…

image 134
Clearwater advised Forensic Testing Service on its…

<p>Clearwater has advised Forensic Testing Service (FTS), a …

image 104
Clearwater advises the shareholders of Netwo on it…

<p>Clearwater has advised Netwo, an emerging telecom-tech pl…

image 64
Clearwater advises on Palatine’s investment in BK …

<p>Clearwater has advised on Palatine’s investment in BK Plu…

iStock 543042078
Clearwater advises on the partial sale of Helsam G…

<p>Clearwater has advised the owners of Helsam Gruppen, on i…

shutterstock 1769773103
Clearwater advises Powerpoint Engineering on its s…

<p>Clearwater has advised Powerpoint Engineering Limited (Po…

shutterstock 1906657039
Clearwater advises Sociedade Lisbonense de Metaliz…

<p>Clearwater has advised the shareholders of Sociedade Lisb…

image 115
Clearwater advises the management of EFOR and Rais…

<p>Clearwater has advised the management of EFOR, a prominen…

bread manufacturer
Clearwater advises Panificadora Costa & Ferreira o…

<p>Clearwater has advised the founding shareholders of Panif…

Construction workers steel reinforcement bar  shutterstock 786092152
Clearwater advises RWL Advanced Solutions on its s…

<p>Clearwater has advised RWL Advanced Solutions Limited (“R…

cardboard packaging
Clearwater advises Waterland and Carton Group on r…

<p>Clearwater has advised Waterland Private Equity (Waterlan…

business professionals group young confident people ML1
Clearwater advises Trustmoore on its acquisition o…

<p>Clearwater has advised Trustmoore, a global corporate ser…

image 66
Clearwater advises the management of Novag on its …

<p>Clearwater has advised the management of Novag, a company…

image 103
Clearwater advises Zenzero on its sale to Macquari…

<p>Clearwater has advised Fordhouse-backed Zenzero, a leadin…

shutterstock 1922521334
Clearwater advises Cooper Parry on its acquisition…

<p>Clearwater advises Waterland-backed Cooper Parry, the UK’…

image 48
Clearwater advises the sole shareholder of Envases…

<p>Clearwater has advised the sole shareholder of Dajapack S…

pexels yan krukau 7698885 1
Clearwater advises ementexx on its sale to LucaNet

<p>Clearwater has advised ementexx GmbH (ementexx), a provid…

image 125
Clearwater advises IDI on debt financing for the a…

<p>Clearwater has advised IDI, a leading French private equi…

indoor climbing woman
Urban sports on a continental scale

Adviser to Climbing District on its €10m fundraising

security cameras monitor
Clearwater advises SIKOM Danmark on its sale to Pr…

<p>Clearwater has advised SIKOM Danmark, a leading integrate…

dairy cows eating hay
Family-owned dairy company sells to major global p…

Adviser to the shareholders of Yew Tree Dairy on its sale to…

wind turbines
Partnership to create a global leader in the wind …

Adviser to Endiprev on its sale to Muehlhan Wind Service

DOT steel surface treatment services
Acquisition of leading Nordic steel surface treatm…

Adviser to Jysk-Fynsk Kapital on its sale of DOT to Kirk Kap…

shutterstock 389455273
Securing funds to support the acquisition of a lea…

Adviser to Nova Motorsport on its fundraising to support its…

Use ctrl + scroll to zoom in/out