4th October 2023
Foresight invests £6 million in endoscope servicing business
Foresight Group, a leading regional private equity and infrastructure investment manager, has announced a £6 million investment in Clearview Endoscopy Limited, a company that services, repairs, and maintains flexible endoscopes used in medical diagnostics in healthcare settings, alongside a £1.5 million investment from Clydesdale Bank.
Clearview provides a premier service to customers in the United Kingdom and Ireland and collaborates with NHS trusts and private clinics to proactively reduce endoscopic downtime. Its services help NHS trusts minimise waiting lists by allowing clinicians to recognise and treat problems as early as possible.
Foresight’s investment will enable founder Dave Cameron to step away from Clearview in a staged way and for a new management team to participate in the equity growth story, a process which will combine organic growth with select M&A opportunities.
The investment will also enable Clearview to expand its service offering while creating high-quality jobs across the East of England.
Chris Wardle, Managing Director at Foresight, commented: “Clearview is a leader in its market with an excellent reputation amongst its customers for high quality service. Dave and the team have built a great business with lots of opportunity to expand its services. It’s great to be working with Darren again; his leadership style combined with sector knowledge make him a perfect addition to the Clearview team.”
Dow Schofield Watts Transaction Services assisted in the deal, with Catriona Lang, Alex Aitchison and Madeleine Andrews providing Financial Due Diligence to Foresight.