Bumper year for enlarged Clearwater

MANCHESTER-based corporate finance adviser Clearwater International completed 51 transactions across Europe last year worth £1.17bn.

It said 2014 was a “transformational year” following the merger of Clearwater Corporate Finance with organisations in Spain, Portugal and Denmark as well as entering into a strategic alliance with Chinese investment bank Interchina.

Its industrials and chemicals team was the most active, completing 14 deals, while 28 transactions included private equity involvement.

Chief executive Michael Reeves said: “This has been a year of considerable change and growth for Clearwater International. Merging with our partners in Spain, Portugal and Denmark has been an exceptional achievement, and one that has enabled us to extend our sector expertise across Europe. Our strategic alliance in China has also provided some excellent results for our clients.

“The merger has given us a depth within our sector teams which creates intimate knowledge of buyers and funders. When we deliver this in an integrated way it has produced some truly excellent client outcomes. Our deals pipeline means our business should grow further in 2015, which looks set to be a lucrative year in the M&A market.”

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