Clearwater International advises IDI on raising unitranche financing to support the acquisition of CDS Groupe
Clearwater International has advised IDI, a leading listed investment company, on raising unitranche financing for its acquisition of CDS Groupe.
CDS Groupe is a leading hotel booking platform dedicated to business travel. Based in Paris, the group has 30 employees for a business volume of approximately €90m in 2019.
The transaction is the first LBO for CDS Groupe. IDI has invested approximately €15m for a significant minority stake alongside the management team which remains the majority shareholder. This acquisition is also financed by unitranche debt provided by Access Capital Partners.
The transaction is a milestone and will enable CDS Groupe to accelerate its development and support its upcoming growth in Europe.
Adviser to IDI on raising unitranche financing to support the acquisition of CDS GroupeView more