White Clarke Group receives significant investment
White Clarke, a global provider of specialist technology and software solutions to the automotive, asset and consumer finance markets, said the move follows its substantial investment in its CALMS product range over the last few years as well as considerable growth globally, and will enable the business to benefit from greater scale to meet growing customer demand.
As part of the transaction Brendan Gleeson, currently executive vice president of White Clarke, will take on the role of group CEO. Ed White, currently president and CEO of the group, will transition into the role of chairman.
Mr Gleeson said: “Five Arrows Principal Investments’ confidence in White Clarke Group and its CALMS product is a significant endorsement of our strategy and the way we have transformed the business over the last 5 years. The Rothschild & Co partnership will give us the platform we need to achieve the next phase of our growth strategy and help scale the business. I very much look forward to working with the leadership team to ensure White Clarke Group achieves its considerable potential. We will continue to invest in our people, our product and our customers to ensure this happens.”
Ed White added: “With a strong Executive Leadership team and Brendan’s passion for this business, White Clarke Group is well-positioned to move to the next stage of its growth trajectory. I believe Five Arrows Principal Investments will be an ideal shareholder. Under their stewardship, the legacy of my late business partner, Dara Clarke, and myself ‒ which bears both our names ‒ will be protected and our business can move from strength to strength. I am very proud of what the people in our organisation have achieved and grateful for our customers’ continued faith in us.”
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