To drive more competition in the spare parts market, since 2011 the industry across the EU has been subject to regulations under which OEMs may not hinder their suppliers from also supplying their products as spare parts to independent distributors.
The Clearwater International team’s advice on deal strategy, from tailoring a process that worked for us through to negotiations with bidders and potential bidders, was invaluable to realising the right outcome for the shareholders with the right partner for our business. The team were not afraid to provide appropriate challenges when required and were completely committed throughout, managing multiple complex work streams across Europe, the UK and the US, to realise this completion. It certainly helped that we also enjoyed working with the team!
David Stanhope, CEO, Centriq Group