Clearwater order book reaches a record £1bn
CLEARWATER Corporate Finance is on target for its most successful year with total deal values set to exceed £1bn in 2013.
The Birmingham-based firm heads into next year with a record order book, including more than 30 active projects averaging in excess of £30m each. The transaction value of the order book is 50% higher than at the same time last year.
Clearwater has enjoyed a successful 2012, completing 27 deals with a total value of £530m, including a strong end to the year, with nine deals announced since November.
Key deals advised on by Clearwater during the year include the investment in Pizza Hut UK by private equity group Rutland Partners, the sale of insurance support services business Direct Group to US-based Ryan Specialty Group and the acquisition of IT solutions business Capula for Dutch-based Imtech.
Phil Burns, managing partner in Clearwater’s Birmingham office, said: “After an extremely busy 2012, we are pleased to be moving into 2013 with our best ever order book.
“We were particularly proud of our work on the sale of Midlands-based Phytone to US buyer FMC Corporation.”
“The figures reflect our confidence for 2013 and a reward for our investment in sector expertise and international coverage.”
