Clearwater International advises Findel on its sale to Manutan

Clearwater International has advised Endless and the management shareholders of Findel, an educational resources supplier, on its sale to Manutan, a leader in European B2B e-commerce.

Headquartered in Hyde, Greater Manchester, Findel also has a distribution centre and offices in Nottingham and employs around 300 people. The company’s brands and websites offer more than 32,000 products to educators and parents based in the UK and overseas, with the business exporting to 130 countries.

Endless originally acquired Findel in April 2021, from Studio Retail Group plc. Findel is now widely recognised as a market leader within the UK educational resources supplies.

Headquartered in Paris, Manutan, which has a specialism in educational supplies, employs 2,200 people and operates 28 subsidiaries across 17 European countries, including the UK. The business offers more than 800,000 products to its customers and has a turnover of €946m, with the company’s mission of ‘enterprising for a better world.’