Next Wave Partners and Kartesia completed the acquisition of minority stake in The Clearway Group from BGF.

Next Wave Partners, a growth focused private equity firm, and Kartesia, an independent and privately-owned European specialist financing small and middle-market companies, completed the investment in The Clearway Group, protection and management of property and asset portfolios provider, from BGF, an investment company. Financial terms were not disclosed. "We are delighted to be partnering with the team at Clearway as well as Kartesia. The business has a very strong position in the UK and French markets, delivering exceptional quality and service to its client base. We look forward to supporting Ian and the wider management team with the continued investment in People, Technology and delivery of an ambitious M&A strategy," Jonathan Brod, NWP Partner.