Clearwater International advises WestBridge Capital on the sale of ISG Technology to Allvotec, part of the Daisy Group
Clearwater International has advised private equity house WestBridge Capital on the sale of its portfolio company ISG Technology to one of its channel partners Allvotec.
ISG provides network design, deployment and management services for multi-site clients in the UK. The company has a strong UK presence in the retail and public sectors, and has long term, trusted relationships with many household names including Tesco and the Ministry of Justice.
WestBridge supported the management buy-out of ISG in July 2016, paying £10.5 million (€12.4million). Since then, the company has grown both turnover and profitability, and professionalised under the stewardship of the management team led by Dave Gardner.
WestBridge was also supported on the divestment by Capital Law (Cath Golledge, Angelina Drljaca-Chandler and Tom Kelleher).