BIRMINGHAM based Clearwater Corporate Finance has been shortlisted in the Corporate Financier of the Year category at this year’s unquote” British Private Equity Awards.
The nomination follows work by the firm which has seen it advise on some of the UK’s largest private equity transactions in 2010.
The firm has been shortlisted alongside DC Advisory Partners, Grant Thornton and Hawkpoint Partners in the awards, which take place at the Northumberland Hotel in London on November 4.
Clearwater has worked with a number of the UK’s leading private equity houses so far in 2010, including advising Synova Capital on its acquisition of the Dental Buying Group; RJD Partners on the sale of its investment in Teaching Personnel to Graphite Capital; ISIS Equity Partners on its £12m sale of Occam DM to St. Ives plc; and, most recently, Sovereign Capital on its backing of the management buyout of Eden Supported Housing Limited.
In addition, Clearwater has worked with numerous vendors and management teams on securing private equity investment, advising entrepreneur Gary Dutton on the acquisition of his business Synseal Extrusions Limited by HIG Europe; residential property specialist Adam Lawrence in securing a £100m funding package – including a £50m equity investment from Graphite Capital – to support the development of his new house building company London Square; and the management team of furniture retailer Dwell, on securing a £5m equity investment from Key Capital Partners. Clearwater also advised the management team of XLN Telecom, on its secondary buyout by ECI Partners.
Phil Burns, partner at Clearwater in Birmingham, said: “So far this year we have been involved in some of the UK’s most high profile and high value private equity transactions, so we are delighted to be nominated for this award which is a credit to the team’s strong reputation in the industry, our experience in seeking and advising on private equity investments, and our hard work in getting these deals over the line.
“UK private equity has seen a notable upturn in 2010 compared with the low levels of activity seen in 2009, and while the recovery in the buyout market will be gradual, we have a strong private equity pipeline and expect to see increasing volumes as we enter 2011.”
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