Clearwater advises LDC on the MBO of Stroma, a supplier of software applications & services to the energy efficiency market

Transaction

LDC MBO of Stroma

Acquisition finance

Undisclosed

Role

Adviser to LDC Stroma

Sector

Business Services

Region

United Kingdom

Based in Castleford, Stroma was established in 2002 by Matt Ferguson, Rob Coxon and Steve Turner. The business now employs over 200 people across two divisions: Stroma Certification, a leading provider of training, accreditation and software products used throughout the UK energy assessment market; and Stroma Technology, a specialist provider of energy-related technical consultancy services including assessment and advice relating to the energy performance of buildings.

Clearwater added significant value to the process through arranging an attractive funding package to help fund the investment, and in helping us to assess our most likely exit options through a detailed and commercially focused exit review.
Chris Wright, Investment Director, LDC

The innovative funding package agreed with RBS was structured to facilitate the continued growth of Stroma by providing significant flexibility, including a revolving element, throughout the commitment period.
Mark Taylor, Partner and International Head of Debt Advisory, Clearwater

Clearwater is delighted to provide debt advisory and strategic buy-side support to LDC on its investment in Stroma. Stroma has a strong market position in both certification and fieldforce software within the domestic and commercial energy market and is extremely well placed to take advantage of the exciting growth opportunities this market is providing. Changing legislation and an increasing focus on energy efficiency means Stroma’s software solution will become ever more relevant over the next few years.
Paul Jones, Partner, Clearwater