Clearwater’s Nordic operations bolstered with merger

Clearwater has boosted its Nordic presence after merging with Nordhaven Corporate Finance Oy (Nordhaven).

The Finnish arm of Nordhaven brings the total Nordic Clearwater headcount to more than 100 staff and increases the mid-market advisory firm’s reach to 21 offices in 12 countries.

The team of 17 professionals will join Clearwater’s 400+ international employees to strengthen and drive its M&A and debt advisory practice in Finland. In the last 12 months, Clearwater has also established teams in Zurich, Gothenburg, and Munich as it continues to focus on expansion.

Clearwater recently welcomed a new partner responsible for debt advisory in the Nordic region, Manuela Scheibe who joined Clearwater’s team of debt advisory specialists located across major European markets; UK, France, Germany and Italy. With the addition of the team in Finland, Clearwater will now total 45 debt advisory specialists in Europe.

Juha Raunio, managing partner at Nordhaven commented: “We are really excited to join the Clearwater team. We have long admired Clearwater’s unique culture and believe this is an important step in the evolution of our business. The whole team are looking forward to working closely with the team across Europe both from a sector and service perspective to provide our clients our new, amplified advisory service.”

Tomas Almgren, managing partner in Stockholm said: “Clearwater is becoming a household name in the Nordic market, and we are extremely proud of the progress of the business in the region. Expanding geographically is crucial for offering seamless cross-border opportunities to both business owners and private equity clients. We are thrilled to be working with the established Nordhaven team who share our values and drive.”

Phil Burns, Chair and Co-Founder at Clearwater said: “What makes Clearwater special is our culture and shared values, which put our clients at the heart of everything we do. As we expand, it’s crucial that we partner with local leaders who share our client-focused approach.

“We’ve found that with Nordhaven’s team. Their experience will help us unlock even more opportunities for our clients and strengthen our debt advisory services in the Nordics.”