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BCN sold to Beech Tree Private Equity

Clearwater International UK has advised BCN Group (BCN), a leading provider of cloud IT managed services, on its investment from Beech Tree Private Equity (Beech Tree). The investment will be used to accelerate the growth of BCN both organically and through pursuing an acquisition strategy. Read more...

"The Clearwater team did a great job of supporting us through the sales process. Their sector expertise, strong relationships with private equity, and determination to get the deal done meant that they delivered an excellent result for us. I would not think twice about working with them again." Simon Kelf, CEO at BCN

Hg invested in IT Relation

Clearwater International Denmark has provided buy-side support to HgCapital Trust plc (Hg) on its investment in private equity backed IT Relation, a leading supplier of managed IT services to small and medium sized enterprises (SMEs). Read more...

"It has been a pleasure working together with Hg on this acquisition of a company that we have worked closely with for such a long period of time and through different processes. It has been a great privilege to assist IT Relation on initially creating a strong platform for future growth and now being able to form part of their continued growth path with the acquisition by Hg." Per Surland, Partner and Head of TMT Denmark, Clearwater International

Converge received investment from Tenzing

Clearwater International UK has advised specialist provider of managed and hosted IT services to the UK legal sector Converge-IT.Net Ltd (Converge TS) on its significant investment from Tenzing Private Equity. Read more...

"We are passionate about how we have grown Converge TS and are ambitious for the future of our business, and we feel Tenzing mirrors this vision. Our strategy is based on a sustained quality service delivery which underpins our sector specific cloud solutions. Our goal is to become the No. 1 cloud provider to the UK legal sector within the next few years, achieved mainly by organic growth but also by selected strategic acquisitions." Nigel Wright, Founder and MD, Converge TS

NORRIQ sold its hosting and IT infrastructure business to Dustin

Clearwater International Denmark has advised NORRIQ, a supplier of modern business IT solutions, on the sale of its hosting and IT infrastructure business to hardware giant Dustin. Thus, Dustin has initiated its geographical expansion into the Danish hosting market. NORRIQ will be able to offer its digital solutions within ERP, CRM, BI and E-commerce to the Dustin customer base. Read more...

"The Clearwater team had great knowledge of the industry, the mechanisms that drive growth and value in our sector, and key players in the market. Their experience from previous transactions in the hosting industry was invaluable and their assistance in securing a strategic partnership with Dustin helps us create a strong platform for future growth. The process was delivered clearly and concisely, despite the volume of formal processes associated with working with a listed business. This allowed me to focus my efforts on delivering quality service to our customers." Bo Martinsen, CEO, NORRIQ

SoftCom Solutions sold to IT Relation

Clearwater International has advised the owners of SoftCom Solutions (SoftCom) on its sale to Danish provider of managed hosting and IT outsourcing IT Relation, backed by Nordic private equity investment group, Adelis Equity. Adelis Equity thereby continues its consolidation of the Danish IT outsourcing market in the wake of its recent acquisition of IT Relation, Front-data and DSI-Next. Read more...

"Despite impressive growth rates, it became apparent that our ambition to grow even further and faster, could not be achieved through organic growth alone. With IT Relation we have found a partner who shares not only our ambitious growth plans, but also our passion and drive and we look forward to the interesting opportunities that lie ahead.It has been a pleasure working with Clearwater International and the team were professional, service minded and dedicated. Their strong track record within the Danish IT sector – particularly in the hosting industry, meant that they possessed extensive knowledge about the market and had strong relationships with key players in the industry. They assisted us in transforming complex financial figures and analyses into well-structured and appetising presentation material. I would not think twice about choosing them as financial adviser again." Jakob Knutssøn, CEO and Co-Owner, SoftCom Solution

Solido Hosting sold to Intelligent Group

Clearwater International has advised Solido Hosting A/S (Solido) on its sale to the international provider of hosting and cloud services, Intelligent Group (Intelligent), backed by the Benelux-based private equity investment group, Waterland. Read more...

"We are delighted to become part of Intelligent Group whose reputation for developing and providing hosting services complements our own high standards. Together both companies can grow further, benefitting from wider service offering and adding new competencies to the organisation. The Clearwater team’s sector knowledge, experience and commitment throughout the whole process was invaluable in helping to achieve an excellent outcome." Christer Hasse Leth Nielsen, CEO, Solido Hosting

IT Relation sold to Adelis Equity

Clearwater International has advised IT Relation on its sale to Swedish-based Adelis Equity Partners (Adelis).

"We’re pleased and proud to be able to work with Adelis, given their significant experience building strong businesses through consolidation. Furthermore, they can contribute with their insights from previous technology investments, including hosting. We’re looking forward to working together." Henrik Kastbjerg, CEO, IT Relation

Zitcom sold to Hg

Clearwater International Denmark acted as financial adviser in the sale of Zitcom to UK-based HgCapital. Read more...

"With the investment from HgCapital, Zitcom have found the perfect partner to accelerate and continue our mission of delivering scalable and solid IT products from our state-of-the-art platform. The investment will help my team and I to strengthen and grow our position in the Danish market and we couldn’t be more excited about the endeavor ahead of us.” Stefan Rosenlund, CEO, Zitcom

Frontsafe sold to j2 Global

Clearwater International has advised Frontsafe A/S (Frontsafe) on its sale to global provider of internet services, NASDAQ-listed j2 Global, Inc. (j2 Global). Read more...

"j2 Global has been very active in consolidating the global cloud service market, and Frontsafe was an obvious add-on to the existing platform. Frontsafe has strong competencies with IBM Spectrum Protect, and thereby complements the service portfolio of j2 Global very well, adding new capabilities to the organisation. The acquisition by j2 Global will allow Frontsafe to grow further, benefitting from increased diversity and wider service offering." Per Surland

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