Nottingham corporate finance house climbs four places in European rankings
Clearwater International, which has an office in Nottingham, has climbed four places in the Thomson Reuters European M&A rankings table for the first half of 2017.
Clearwater ranked ahead of ahead of Morgan Stanley, Lincoln International and Grant Thornton for deals volume.
Michael Reeves, chief executive, Clearwater International said: “Our success so far in 2017 is down to a number of factors; the continued growth of our cross-border capabilities, along with insight into sector activity on a global scale. Our involvement with private equity continues to rise, including sell-side advisory for private equity firms; and our debt team is advising on more deals than ever. Due to this success we have expanded our team further, building on knowledge and experience, generating more opportunities.”
The business says it is seeing a steady increase in sell-side transactions, particularly on behalf of private equity firms. The first half of the year has seen involvement from 20 different private equity firms internationally of which 10 were cross-border transactions. Clearwater recently advised the shareholders of engineering services company Imtech, including private equity firm Endless, on the sale of the business to EDF Energy Services.
Clearwater also recently advised Arlington Industries on a €50m funding facility provided by Wells Fargo and Shawbrook Bank.
Phil Burns, UK managing partner, Clearwater International, added: “Despite all the potential for uncertainty in the UK with Brexit and the delicate government standings, we are faring better than Europe as a whole in M&A terms with overall deal volumes flat. This shows how well the UK is viewed as a great long-term place for business. Following our success of the previous financial year we’ve been able to expand our team and we are delighted to announce the appointment of our UK chairman Andy Higginson, along with eight additional members to the UK team.”
