Clearwater advises the management team of York Mailing Group on its MBO which has financial backing from Pricoa Capital Group

Transaction

York Mailing Group MBO supported by Pricoa Capital Group

Acquisition finance

Undisclosed

Role

Adviser to York Mailing Group on its MBO which has financial backing from Pricoa Capital Group

Sector

Industrial & Chemicals

Region

United Kingdom

YMG is the UK market leader in the specialist production of retail flyers, media inserts and quality catalogues. In the past two years, the business has seen revenues grow from €74m to more than €115m through acquisitive and organic growth as well as significant investment in new machinery. This has also resulted in 275 new jobs and more than a 50% increase in earnings to €14m EBITDA.

YMG’s acquisitions of The Lettershop Group in 2013 and Go Direct Marketing in 2014 have added advanced printing capabilities and a new data-driven analytics division. These developments have helped YMG to win some substantial new contracts and the investment in technology positions the business perfectly for continued growth.

Clearwater provided us with invaluable advice and support to ensure the Management Buy-Out progressed smoothly. The team’s impressive in-depth knowledge and expertise helped us to prepare thoroughly and remain focussed on running the business throughout the process from offer through to completion. They very successfully structured and obtained support for an innovative funding structure which really matched the needs of the business and the various stakeholders. We would firmly recommend Clearwater and would not hesitate in working with them in the future.
Stephen Goodman, Group Managing Director, York Mailing Group

It was important to the new management team that the financing solution allowed them to acquire a significant stake in the business whilst maintaining an appropriate funding structure. The business is extremely well placed for continued growth and we wish the new management team every success.
Jon Hustler, Partner, Clearwater

We arranged bespoke debt capital facilities and follow on funding capabilities with Pricoa Capital Group, which will support the ongoing growth of the business whilst meeting both shareholder and management aspirations. The transaction highlights the strong interest being shown by alternative funders in quality UK assets.
Mark Taylor, Partner and International Head of Debt Advisory, Clearwater

Advisers

Mark Taylor

CEO, UK +44 845 052 0350 mark.taylor@clearwatercf.com Connect

Rob Britton

Managing Director +44 845 052 0377 rob.britton@clearwatercf.com Connect

Mark Gillingham

Director +44 845 052 0368 mark.gillingham@clearwatercf.com Connect

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