Clearwater International expands footprint with merger

Netherlands-based PhiDelphi Corporate Finance has today merged with Clearwater International, the mid-market M&A firm, increasing the international footprint to 17 offices in 10 countries across Europe.

PhiDelphi was established in 2001 and has a proven track record in international mid-market deals.

Over the past 22 years, the team has successfully completed more than 250 transactions, a third of which were cross-border.

Partners Joris Heerkens, Harald Miedema, and Willem Daris and their team of 13 professionals will join Clearwater’s 350-strong team to drive its M&A advisory business in the Netherlands.

Julian Brown, CEO at Clearwater International, said: “I am delighted to welcome the PhiDelphi team into Clearwater International. The Benelux region has been a strategic focus for us as client demands for a presence there have grown. But at Clearwater it’s fundamental that we find the right team, one which mirrors and strengthens our drive and culture, rather than just putting another flag on our coverage map. We’ve taken our time to find the right people to grow our business in the region.”

Willem Daris, partner at PhiDelphi, said: “We are excited to join Clearwater International, this is an important step in the evolution of our business. Clearwater has a unique culture of collaboration, and we believe this merger will enable us to continue to provide the best advice to our clients while adding further sector knowledge and international expertise. We look forward to becoming rooted in the Clearwater team.”