Advisory firm raises more than €5.3 billion in debt finance
The European debt advisory team at Clearwater International raised in excess of €5.3 billion (£4.5 billion) in debt finance during 2019 – the fifth consecutive year it has seen an increase in deal volume.
The mid-market advisory firm says it increased transactions by over 10 per cent last year, completing 43 deals across Europe and almost tripling the amount of debt finance it raised in 2018.
Clearwater also continued to invest in recruitment across Europe with two new recruits and two senior promotions during the year.
The firm’s UK team also enjoyed an exceptional 12 months, which included advising Daisy Group on the second phase of its refinancing with Ares. The deal involved a debt package of over €1 billion, making it one of the largest private credit financings in Europe.
Mark Taylor, partner and international head of debt advisory, said: “The European Debt Advisory team have had an exceptional year. The team has continued to grow and the demand for debt financing is spreading wider across our European offices year on year. This is assisted by the diverse lending environment we have experienced over recent times and the quality of service and pragmatic advice delivered to our clients.
“The strength of our team is recognised across the various territories we operate in, giving us confidence to continue to invest in fresh locations across Europe. We are experiencing year on year growth in activity with 2020 already looking very encouraging.”
