Transaction

Clearwater advises Waterland on raising debt facilities to support its investment in Black & White Engineering

Transaction

Waterland on raising debt facilities to support its investment in Black & White Engineering

Acquisition finance

Undisclosed

Role

Adviser to Waterland on raising debt facilities to support its investment in Black & White Engineering

Sector

Business Services

Region

UK

We have advised Waterland Private Equity (Waterland) on raising debt facilities to support its investment in Black & White Engineering (Black & White), an award-winning mechanical, electrical, and plumbing (MEP) design and consultancy service, with an expanding global presence at the forefront of the growing data centre market.

Established in 2014, Black & White has emerged as a premier, engineering design consultancy to top-tier data centre operators throughout Europe, the Middle East, and Asia. Black & White specialises in providing cutting-edge, high-quality engineering solutions that are both efficient and cost-effective. With years of industry experience, the company has built a profound understanding of the engineering landscape and remains consistently up to date with the latest trends and technologies.

The business today employs over 500 people and works with 110 clients across 23 countries. Waterland’s investment represents an exciting opportunity to further enhance Black & White’s already impressive track record and bolster its global expansion ambitions. With Waterland as a strategic partner, Black & White aims to broaden support for customers across both new geographies and by widening its engineering offering with new specialisms. This will be delivered by organically broadening its footprint into new territories and pursuing strategic acquisitions across Europe, Asia, Australia, and Africa.

Mick Cairns, CEO and Founder of Black & White, will remain integral to the business and will continue as CEO, alongside the Black & White leadership team. A cornerstone of Black & White’s success lies in the culture that Mick and the leadership team have fostered within the business and the calibre of talent this has attracted. 

Our Debt Advisory team raised debt facilities from Eurazeo to support Waterland’s investment. 

construction structure concept engineer working

Black & White has grown hugely since I founded the business, and I could not be prouder of our team, who have helped us reach this huge milestone in our journey. We are delighted to be partnering with Waterland and leveraging its track record of international growth and acquisition experience. We are looking forward to supercharging the momentum we have built with Waterland, acting as a hands-on partner, that supports our vision and ambitions.

Mick Cairns, Founder, Black & White
construction structure concept engineer working

Clearwater proved that they really understood Black & White’s global business model, advising on a bespoke financing package tailored to the requirements of a fast-growing, global company. Waterland and the Black & White team are delighted with the guidance provided by Clearwater and we are thrilled to welcome Eurazeo as our debt partner.

Jonathan Lloyd-Evans, Investment Manager, Waterland Private Equity

Black & White is an award-winning global engineering consultancy, and the partnership with Waterland will drive Black & White’s vision and ambitions for the future. It has been a pleasure working with Waterland, Mick and Steve to secure funding to support the business. We are looking forward to seeing a long and successful partnership, supported by the bespoke financing provided by Eurazeo.

Tom Barnwell, Partner, Clearwater

Advisers

Transactions

Drag and zoom to explore transactions

Transactions

low angle portrait two young coworkers lift
Investment to support UK lift company’s ambitious …

Adviser to Deltron on its investment from LDC

business finance generic ML3 10
Strategic divestment of nine companies in Sweden

Adviser to Storskogen on the divestment of nine companies

dacoso SOC
Raising finance to support the acquisition of a le…

Adviser to Waterland on raising finance to support the acqui…

BW renewable
Bursting Nordic presence in waste-to-energy and bi…

Adviser to Babcock & Wilcox on the sale of Babcock & Wilcox …

Audens
Audens se une a GoodLife Foods para formar el mayo…

Asesor de los accionistas de Audens en su venta a GoodLife F…

cloud technology data storage backup
Securing long-term refinancing package to support …

Adviser to Livingbridge-backed FluidOne on its refinancing

JYTAS construction
Strengthening modular construction through united …

Adviser to JYTAS on the sale of its rental division to Adapt…

Technamm vehicle 3
Leading lightweight all-terrain vehicle expert sec…

Adviser to the shareholders of Technamm on a primary minorit…

dairy cows eating hay
Family-owned dairy company sells to major global p…

Adviser to the shareholders of Yew Tree Dairy on its sale to…

wind turbines
Partnership to create a global leader in the wind …

Adviser to Endiprev on its sale to Muehlhan Wind Service

shutterstock 389455273
Securing funds to support the acquisition of a lea…

Adviser to Nova Motorsport on its fundraising to support its…

Ostergaard pipes installation
Heating up the market: Fueling growth with strateg…

Adviser to Østergaard Entreprise on its sale to Dansk Ejerka…

STG railway services
Strategic partnership between leading actors in th…

Adviser to Scandinavian Track Group on its sale to Vossloh

group small school kids teacher guitar
Securing the ideal investor for ‘progressive’ musi…

Adviser to Rocksteady Music School on its investment from Ve…

generic meeting women SL1 v2
Strategic alliance for InSitu, one of the pioneers…

Adviser to InSitu on the sale of a minority stake to Armonia…

employees desktop work
Forward-thinking investor completes partnership-le…

Adviser to GCP on its investment in CloudRock

NPG infrastructure maintenance
NPG's dynamic merger with Norva24: A game-changer …

Adviser to NPG on its sale to Norva24

male hr recruiter employer holding cv
Joining forces for an international job market

Adviser to YER on its acquisition of AVANTGARDE Experts

image 62
Raising finance to support digital corporate banki…

Adviser to EMERAM on raising finance to support the acquisit…

Wind farm
Clearwater ha asesorado a los accionistas de Globa…

<p>Clearwater ha asesorado a los accionistas de Global Facto…

team working computer
Securing the right partner for a high-quality cons…

Adviser to Farsight Consulting on its sale to Version 1

football stadium video
PE supports interconnected sports and live event a…

Adviser to Accredit Solutions on its investment from Gresham…

sustainability panels
Debt facilities raised to support investment in le…

Adviser to Beech Tree on raising debt facilities to support …

electrician on background high towers power
Skewb receives investment from BGF

Adviser to Skewb on its significant investment from BGF

Untitled 7
Investment in a market leading high-touch travel m…

Adviser to ECI Partners on its investment in TAG

female entrepreneur raising her hand answer
Sale of leading B2B information services and event…

Adviser to the shareholders of Solar Media on its sale to In…

steinwolle production new
Global building materials group introduces new ins…

Adviser to BACHL on the sale of BACHL Steinwolle to Kingspan

image 65
Dynamic recruitment partnership expected to yield …

Adviser to YER on its acquisition of Staffxperts

young children playing educational toy
Unlocking huge latent potential for a market leade…

Adviser to Findel on its sale to Manutan

group students working together teacher
PE backs placing great teachers in education setti…

Adviser to TeacherActive on its investment from Pricoa

handling transport boxes
A family affair: The pursuit of growth and consoli…

Adviser to DIP on the acquisition of a majority stake in Acc…

image 51
Clearwater ha asesorado a Miura Partners en la adq…

<p>Clearwater has advised Miura Partners, an independent Spa…

traffic cones on road electronic arrow
A smooth ride for a road traffic solutions special…

Adviser to Road Traffic Solutions on its sale to Equistone-b…

engineer wearing safety uniform helmet
A safe pair of hands for the UK's largest passive …

Adviser to Checkmate Fire on its sale to IK Partners

blonde female tourist checking incoming notification
PE backs hyper-personalised, automated passenger c…

Adviser to 15below on its significant investment from LDC

image 64
Saving 10,000 jobs as a consortium of investors ba…

Adviser to Yodel on its sale to YDLGP Ltd

shutterstock 97066274
A new dimension for a luxury events agency

Adviser to the shareholders of Marcadé on its sale to Trail

image 57
PE portfolio company enables growth in physics, so…

Adviser to the shareholders of Guldberg and Personites on it…

business collaboration 2 SL3
Enabling support innovation and business growth an…

Adviser to ABF Group’s sale to Warrant Hub, a subsidiary of …

Project Nest
Raising finance to support the acquisition of a le…

Adviser to Chequers on raising finance to support the acquis…

shutterstock 1873413118  v3
PE invests in reduced electricity consumption, low…

Adviser to Hvacon Marine Systems on its sale to Capidea

image 99
Reaching more retailers with a unified commerce pl…

Adviser to Glory Global on its acquisition of Flooid

image 66
Clearwater ha asesorado a Alvarez & Marsal en la v…

<p>Clearwater has advised Docout, a leading document managem…

image 103
Paving the way in renewable energies, efficiency t…

Adviser to enercity on the structuring of a syndicated RCF t…

ARTIGIANGIOCCO CIEMME1
From field to fork: PE acquires majority stake in …

Adviser to Hyle Capital Partners SGR on the acquisition of a…

businessman businesswoman surveyors
PE backs leading provider of engineering surveying…

Adviser to WestBridge on its investment in Survey Solutions

carpets
Clearwater advises Brintons Carpets on raising deb…

cropped image young man labrador
Disrupting the digital marketplace with a new age …

Advisers on the sale of TrustedHousesitters to Mayfair Equit…

copper pipes close coils tubes warehouse
Clearwater advises Deutsche Invest Mittelstand’s p…

<p>Clearwater has advised DI Mittelstand‘s newly acquired po…

iStock 951945582
Clearwater advises Apadmi on its investment from C…

<p>Clearwater has advised the shareholders of Apadmi, a lead…

image 63
Clearwater advises Mobeus on its investment in Ell…

<p>Clearwater has advised Mobeus, a leading institutional in…

shutterstock 2112459077
Clearwater advises Nørgaard Anlæg on its sale to N…

<p>Clearwater has advised Nørgaard Anlæg, a turn-key landsca…

Web summit
Clearwater advises AVK Group on its sale to Crest

<p>Clearwater has advised the shareholders of AVK Group, the…

image 93
Clearwater advises Suez on the disposal of its env…

<p>Clearwater has advised Suez, a French multinational water…

iStock 540852816
Shared values unite growing health tech company an…

Adviser to Mayden on its partnership with G Square

iStock 463594335
Clearwater advises the shareholders and managers o…

<p>Clearwater has advised the shareholders and managers of M…

image 52
Clearwater advises Fruition IT on its investment f…

<p>Clearwater has advised Fruition IT (consisting of Fruitio…

business finance generic ML3 2
Clearwater advises iamproperty on its investment f…

<p>Clearwater has advised the Shareholders of iamproperty, a…

image 82
Clearwater advises CDS Groupe and IDI on raising f…

<p>Clearwater conseille CDS Groupe, leader français indépend…

image 134
Clearwater advised Forensic Testing Service on its…

<p>Clearwater has advised Forensic Testing Service (FTS), a …

image 64
Clearwater advises on Palatine’s investment in BK …

<p>Clearwater has advised on Palatine’s investment in BK Plu…

shutterstock 1906657039
Clearwater advises Sociedade Lisbonense de Metaliz…

<p>Clearwater has advised the shareholders of Sociedade Lisb…

image 115
Clearwater advises the management of EFOR and Rais…

<p>Clearwater has advised the management of EFOR, a prominen…

cardboard packaging
Clearwater advises Waterland and Carton Group on r…

<p>Clearwater has advised Waterland Private Equity (Waterlan…

business professionals group young confident people ML1
Clearwater advises Trustmoore on its acquisition o…

<p>Clearwater has advised Trustmoore, a global corporate ser…

image 103
Clearwater advises Zenzero on its sale to Macquari…

<p>Clearwater has advised Fordhouse-backed Zenzero, a leadin…

shutterstock 1922521334
Clearwater advises Cooper Parry on its acquisition…

<p>Clearwater advises Waterland-backed Cooper Parry, the UK’…

image 125
Clearwater advises IDI on debt financing for the a…

<p>Clearwater has advised IDI, a leading French private equi…

security cameras monitor
Clearwater advises SIKOM Danmark on its sale to Pr…

<p>Clearwater has advised SIKOM Danmark, a leading integrate…

shutterstock 1707892294
Clearwater advises Primary on its investment in Di…

<p>Clearwater has advised Primary Capital Partners (Primary)…

iStock 1340944124
Clearwater advises Phoenix Equity Partners on its …

<p>Clearwater has advised Phoenix Equity Partners (“Phoenix”…

railway tracks
Clearwater advises Eurizon and Ersel on raising fi…

<p>Clearwater has advised Eurizon Capital SGR (Eurizon), the…

Plane runway
Clearwater ha asesorado a Ayesa y Grupo Sevilla Co…

<p>Clearwater has advised Ayesa and Grupo Sevilla Control on…

image 74
Clearwater advises EY on its acquisition of IPQ Te…

<p>Clearwater has advised EY, a leader in professional and c…

image 98
Clearwater advises DBAG and Haspa BGM on the sale …

<p>Clearwater has advised Deutsche Beteiligungs AG (DBAG) an…

shutterstock 2318441911
Clearwater advises LDC on its investment in Boston…

<p>Clearwater has advised LDC on its significant investment …

image 63
Clearwater advises MBL Seminars on its sale to Law…

<p>Clearwater has advised the shareholders of MBL Seminars (…

film making
Clearwater advises AXA IM Alts on the acquisition …

<p>Clearwater advises AXA IM Alts, a world leader in alterna…

image 126
Clearwater advises the shareholders of CRP, IMACAM…

<p>Clearwater has advised the shareholders of prominent medi…

hand water
Sale of UK-based supplier of prescribed infection …

Adviser to Independence Products Limited on its sale to Grap…

iStock 912073314
Clearwater advises Livingbridge on the sale of Bri…

<p>Clearwater has advised Livingbridge on the sale of and re…

handshake business Technolution
Clearwater advises Technolution on its sale to MGS

<p>Clearwater has advised Technolution, a Danish consultancy…

business finance generic ML3 27
Clearwater advises Texere Publishing on its sale t…

<p>Clearwater has advised Texere Publishing (Texere), a UK-b…

image 111
Adviser to Hakim Group on raising debt facilities …

1711885617880
Clearwater advises ICG on its partnership investme…

<p>Clearwater has advised financing partner ICG, on its inve…

shutterstock 2118547160
Clearwater advises APEM Group on its refinancing t…

<p>Clearwater has advised WestBridge-backed APEM Group, a gl…

image 74
Clearwater advised LDC on its investment in Star L…

<p>Clearwater has advised LDC on its investment in Star Live…

image 49
Clearwater advises H.I.G. Capital on raising finan…

<p>Clearwater has advised H.I.G. Capital, LLC (H.I.G. Capita…

SA AL Koleteknik equipment
Clearwater advises SA-AL Køleteknik on its sale to…

<p>Clearwater advises SA-AL Køleteknik, a leading refrigerat…

image 55
Clearwater advises the MCR Group on its investment…

<p>Clearwater has advised the MCR Group, a rapidly growing o…

cruise ship
Clearwater advises the majority shareholder on rai…

<p>Clearwater has advised the majority shareholder, Inti Lig…

attractive female international student making individual
Clearwater advises Apiary Capital on its investmen…

<p>Clearwater has advised Apiary Capital, a UK private equit…

Aeroplane 2
Clearwater advises the shareholders and managers o…

<p>Clearwater has advised the shareholders and managers of F…

doctor patient medical office
Clearwater advises Latus Health on its acquisition…

<p>Clearwater has advised Latus Health (Latus), a prominent …

image 111
Clearwater advises Latus Health on raising debt fa…

<p>Clearwater has advised Latus Health (Latus), a prominent …

brad7dots A doctor talking to a patient in hospital a6e07313 2ebd 471e 9bfe 2c8f6f6c9224 1
Sale of UK’s leading medical insourcing service pr…

Adviser to Volpi on the sale of Medinet to Fremman

cloud computing
Clearwater advises Transparity Solutions on raisin…

<p>Clearwater has advised Transparity Solutions (Transparity…

Fovea vet
Clearwater advises Fovéa on its fundraising from E…

<p>Clearwater has advised Fovéa, a French veterinary clinics…

Food platter
Clearwater advises MRS on its partnership with UK-…

<p>Clearwater has advised MRS Group (MRS), a Paris-based pro…

shutterstock 1065451166
Clearwater advises Mayfair on raising debt facilit…

<p>Clearwater has advised Mayfair Equity Partners on raising…

low angle portrait two young coworkers lift
Investment to support UK lift company’s ambitious …

Adviser to Deltron on its investment from LDC

business finance generic ML3 10
Strategic divestment of nine companies in Sweden

Adviser to Storskogen on the divestment of nine companies

dacoso SOC
Raising finance to support the acquisition of a le…

Adviser to Waterland on raising finance to support the acqui…

BW renewable
Bursting Nordic presence in waste-to-energy and bi…

Adviser to Babcock & Wilcox on the sale of Babcock & Wilcox …

Use ctrl + scroll to zoom in/out