Clearwater International advises on the MBO of The Pallet Network
Clearwater International has advised the management team of leading distribution business The Pallet Network (TPN) on their secondary MBO, supported by existing funders LDC and HSBC, whilst also attracting additional new investment from Infinity Debt Capital Management.
Using a state of the art Hub facility and IT systems, TPN manage over 3 million pallets per annum with 98% of UK postcodes being covered on a Next Day Service. The business has a loyal and long term member base with numbers continuing to increase annually.
The current management team will continue to run the business whilst some shareholders, including CEO Adam Leonard and Chairman Roger Burdett, will take this opportunity to retire from the business.