Contact Countries Search Clearwater International Team Transactions Services Sectors Insights About Us Careers Clearwater International advises Stelrad Group PLC on its €320m (£274m) IPO Clearwater International has advised Stelrad Group PLC (Stelrad), a leading specialist manufacturer and distributor of steel panel radiators, on its initial public offering (IPO) on the London Stock Exchange which valued the business at €320m (£274m). Stelrad is a leading specialist manufacturer and distributor of steel panel radiators in the UK, Europe and Turkey, selling an extensive range of standard and premium steel panel radiators, low surface temperature (LST) radiators, towel warmers, decorative steel tubular radiators, and other steel ‘column’ radiators to more than 500 customers annually. Headquartered in Newcastle upon Tyne in the United Kingdom, Stelrad has manufacturing and distribution facilities at Mexborough in the UK, Nuth in the Netherlands, and Çorlu in Turkey, employing ~1,325 employees across the business. The Group, supported by an experienced management team and led by CEO Trevor Harvey, is poised to play a significant role in the decarbonisation journey of the home as it adapts to various governments' initiatives. The IPO will see Stelrad build upon its leading market position to deliver further growth within existing product categories, alongside complementary areas suitable for a low or zero carbon future. €320m (£274m) Initial Public Offering on the London Stock Exchange IPO €320m Clearwater Advisers Phil Burns Michael Loudon Chris Smith Glenn Clarke Lachlan Dorrity James Malcharek Dom Moir Richard Corrie Ben Crowe Courtney Walker Adviser to Stelrad Group PLC on its €320m on its IPO on the London Stock Exchange View more We have really enjoyed working with the Clearwater International team on this momentous achievement for Stelrad as we begin life as a public company and embark on the next stage of our development. Clearwater International supported us throughout the process and added real value for Stelrad. Trevor Harvey, CEO, Stelrad Group PLC It was fantastic to advise Stelrad in its decision to proceed with an IPO. The Group is well positioned to pursue growth both organically and through acquisitions, having already established itself as a leader in radiator manufacturing and distribution. Its broader role in driving energy efficiency and creating environmentally friendly homes increases its attractiveness in the market and we are confident of Stelrad’s continued success in the future. We’d like to wish Bob, Trevor, George and the wider management team all the best with the next stages of their growth plans for the business. Michael Loudon, Partner, Clearwater International Clearwater Advisers Phil Burns Managing Partner +44 845 052 0362 Email Michael Loudon Partner +44 845 052 0354 Email Chris Smith Partner +44 845 052 0308 Email Glenn Clarke Director +44 845 052 0359 Email Lachlan Dorrity Director +44 845 052 0355 Email James Malcharek Associate Director +44 7435 546 111 Email Dom Moir Senior Associate +44 845 872 3792 Email Richard Corrie Senior Associate +44 845 052 0370 Email Ben Crowe Senior Associate +44 7970 144 647 Email Courtney Walker Associate +44 845 241 5406 Email Back to transactions Clearwater International LinkedIn Twitter YouTube Team Transactions Services Sectors Insights About Us Careers Cookie policy Accessibility Terms & Conditions Privacy Statement Copyright © 2021 Clearwater International. All rights reserved Website by Jask Creative Our website uses cookies to store information to allow essential functionality on our website. Please see our Privacy Statement for more information. ACCEPT LEARN MORE