Clearwater has advised Between Group, a leading Spanish provider of IT and engineering staffing services, on its management buy-out (MBO) backed by Montefiore Investment, one of Europe’s leading mid-market private equity funds.
The transaction represents a strategic milestone for Between Group and will enable the company to continue driving its organic growth, combined with a selective buy-and-build strategy. This development plan will be further strengthened by Montefiore Investment’s international experience and sector expertise.
The transaction also marks Montefiore Investment’s first investment in Spain and represents a significant step in establishing its presence in the Spanish market.
Pau Guarro, CEO of Between Group, highlighted Clearwater’s role in the transaction: “I would like to express my special thanks for the outstanding work carried out by the entire Clearwater team. Their support throughout the whole process was key to the success of the transaction. They demonstrate an absolute command of every stage of the process, with a great ability to anticipate, manage complexity and support the client at all times with closeness and sound judgment.”
With this transaction, Between Group strengthens its position as a key player in the IT and engineering staffing sector in Spain, while partnering with a top-tier financial sponsor to accelerate its growth and consolidation strategy.
cloud technology axon
With a target size of €250 million, the fund aims to complete betwee...
