Nottingham firm advises on £650m of deals
Nottingham corporate advisory firm Clearwater International is celebrating a stellar start to its new financial year by working on an aggregate deal value in excess of £650m.
Having already completed four deals to kick-start the new financial year, Clearwater advised affordable housing provider Westleigh Partnerships, on its sale to housing developer Countryside Properties. The transaction saw the Midlands-based business sell for £135m. The deal provided an exit for Palatine Private Equity. In 2016 Clearwater International advised on the original deal for Palatine which was the first investment for its Midlands office.
Clearwater International has also advised on the buy-out of leading casual dining chain, Pizza Hut Restaurants, from its private equity backer Rutland Partners. Rutland invested in 2012 in a deal where management were advised by Clearwater International. Assisted through funding from Pricoa Capital Group, the household name now aims to drive further growth in the UK, with potential new restaurant openings in place with its brand owner, Yum! Brands.
Most recently Clearwater advised market-leading pet food manufacturer, Partner in Pet Food (PPF), on its sale to international private equity firm, Cinven. This deal represents a tertiary buy-out for PPF, Clearwater International having advised the management on all three transactions.
Phil Burns, UK managing partner, Clearwater International, said: “Our team invests a huge amount of care and attention into getting to know our clients and their goals. We commit ourselves to finding the best solution for the business, despite any challenges. It’s because of these qualities that we see repeat business and are able to build strong relationships. We’ve seen some incredible results for these businesses and look forward continuing this momentum.”
