Clearwater International advises Juniper Education on refinancing to support growth

Clearwater International has advised Juniper Education, the Horizon Capital backed education software company, on its refinancing with Muzinich & Co, joining existing lender Clydesdale Bank, to bolster its acquisition chest to €65.3m (£60m).

Formed in June 2019 and backed by a €21.8m (£20m) equity commitment from Horizon Capital, Juniper Education’s SaaS software and subscription services increase the effectiveness of schools, help improve outcomes for learners, and create more child-time for teachers.

The company has rapidly expanded through a combination of organic growth and acquisitions, reinforcing its ambition to deliver to schools the best software to support effective education integrated with innovative management information and results-driven services all from the same provider. Juniper expects to continue its buy-and-build strategy whilst also investing in innovation and software development.

The refinancing will help consolidate the company’s position in the fragmented school software market and enable product development and further acquisitions.

Clearwater International previously advised on the acquisition of Juniper Education (previously known as Essex Education Services for Schools) by Horizon Capital in 2019.