Clearwater has advised the management team of AVK Group (AVK) on raising financing to support its management buyout (MBO).
AVK is a leading group providing audio-visual global communication solutions for all types of corporate events throughout Portugal and the Galicia region in northern Spain. AVK Group serves more than 4,000 events per year and generated a pre-pandemic consolidated turnover in 2019 of approximately €18m.
3AV New Skills, a new entity formed by three experienced managers, obtained control of 90% of AVK after the acquisition of approximately 48% of the AVK Group from the founding shareholder.