Birmingham-based Clearwater Corporate Finance has advised Dutch-based technical services provider Imtech on its cross-border acquisition of UK automated control and real-time IT solutions business Capula.
The acquisition of Capula, which recorded a turnover of £40 million in 2011, provides an exit for private equity firm Dunedin following its secondary buyout of the firm in August 2006.
The Staffordshire-based company employs more than 250 engineers across its offices in Stone, Gloucester, Reading and Aberdeen, providing systems integration solutions and process optimisation to the energy and utilities industries.
Clearwater originated the deal off-market and represents the second transaction identified by the team for Imtech. In February 2011, Clearwater’s support services team advised on Imtech’s acquisition of Birmingham-based technical maintenance and management company, Inviron.
Paul Jones, support services partner, led the deal team for Clearwater and was supported by assistant director John Clarke.
Mr Jones said: “Capula is a specialist business in a highly technical space that adds further depth to Imtech’s service offering in the UK and provides access to high growth markets in energy and utilities. As part of its expansion strategy, we will continue to work closely with Imtech to identify off-market acquisition opportunities that will add value to its business and drive further growth.”