Clearwater International advises Horizon Capital on its acquisition of Essex Education Services for Schools
Clearwater International’s debt advisory team provided buy-side support to Horizon Capital (‘Horizon’) on its acquisition of Essex Education Services for Schools (‘EES’) from Essex County Council. EES is a market leading provider of education software and services to over 4,000 schools, which comprises Target Tracker software and a wide range of professional services. The business has been re-branded as Juniper Education (‘Juniper’).
Horizon is supporting Juniper’s Executive Chairman, Gavin Freed, together with the wider management team to develop the business through a strategy of organic and acquisitive growth. Juniper’s strategy is to consolidate the large and fragmented market for software and services provision to primary and secondary schools in the UK. The business has two divisions: one focuses on software provision and the other on services; including HR, finance and professional development.
Clearwater International advised on raising debt facilities from Clydesdale Bank plc to support the initial investment as well as follow-on acquisition opportunities.