MDW Capital advises Stillwater Equity to support the creation of the Bedrock Systems Group
London, 31 July 2026
MDW Capital is pleased to announce the successful completion of its latest transaction. The Firm has advised Stillwater Equity in raising debt facilities to support the creation of Bedrock Systems Group (“Bedrock” or the “Group”). Bedrock is a specialist technical services business supporting the performance, efficiency and resilience of the built environment.
The Group has been established to support the long-term growth of specialist businesses by providing investment, shared specialist knowledge and operational support across the Group, whilst preserving the independence, agility and customer focus that have made these businesses successful. It launches with the acquisition of three UK businesses being BMSI, Econowise and Oak as its founding businesses. Each will continue to operate under their established bands, with its existing leadership team, customer relationships and technical focus.
Stillwater Equity Founding Partner, Paolo Ferrari, commented “we knew that acquiring three target companies on a tight timeline under one acquisition debt facility would be a challenge. Partnering with an advisor who is both hugely experienced in the European financing market and who has first-hand investor experience of the dynamics involved in running those multiple M&A processes was a must. From the outset, it was clear that MDW’s experience as former PE professionals alongside their debt market knowledge would prove invaluable to both the debt and M&A processes we were undertaking. This facility also supports Bedrock’s further add-on acquisitions as we continue to build out the Group”.
David Culpan, co-founding partner of MDW Capital commented, “MDW has an impressive track record of raising debt facilities to support the simultaneous acquisition of multiple targets that is grounded in creating the flexibility to meet those initial needs alongside follow-on capital to support subsequent M&A. With our deep experience as borrowers and investors, we appreciate that completing follow-on M&A is fundamental to the successful growth of groups like Bedrock. A debt facility with the terms that ensure these differentiated investment strategies are deliverable is central to platforms’ ability to create value for investors.
MDW Capital has now completed 99 transactions since its launch in late 2018. Our thanks go to Stillwater Equity and all our clients through this period for their partnership with us as we continue to build our premier European capital advisory firm. We look forward to celebrating more deal completions before our eighth birthday!”
Contact details:
| Andrew Aylwin
M: +44 777 177 3411 |
David Culpan
M: +44 7734 388 762 |
Jacco Brouwer
M: +44 7561 805 501 |
About MDW Capital
MDW Capital provides specialist capital advisory services to companies and their shareholders. Primarily focused on the European market, and with a greater global reach when needed, MDW Capital’s mission is to solve clients’ capital challenges, using the team’s deep experience and relationships gained from raising in excess of €20 billion of capital, in more than 300 transactions across Europe, the US and the Far East, from over 80 lenders and more than 40 institutional investors.
The partners’ background as investors, lenders and borrowers brings a new perspective to capital advisory. Their background, track record and approach of partnering with companies over a number of years sets MDW Capital apart, whether advising or as a board member, managing or overseeing the long-term relationships with capital providers, or supporting management teams and investors throughout the life of an investment.
Most importantly, MDW understands that capital is about more than just the money.