Healthy PE activity sees corporate advisory business climb the ranks

Financial advisory business, Clearwater International, has completed 43 transactions worth over €6bn/£5.1bn in deal value during quarter two 2021, as it worked with over 40 private equity funds across Europe.

This has placed Clearwater in seventh place in the Mergermarket PE advisory league tables, following 13 successful PE exits during the first half of 2021.

Clearwater opened its first office in Yorkshire early last year.

Clearwater International’s UK team completed a total of 17 transactions during the second quarter with a combined deal value of more than £593m across its five offices in Leeds, Manchester, Birmingham, Nottingham and London.

It brings the UK’s total deal count for half one 2021 to 37 deals worth £1.4bn.

In the UK, the Industrials & Chemicals and TMT sector teams performed particularly strongly completing deals worth £314m.

Highlights from this quarter include the UK team advising BGF and the shareholders of ReBOUND, a technology platform helping brands manage their returns sustainably, on its sale to Reconomy Group, a provider of outsourced services to the circular economy.

It also advised BRUSH Group, an independent provider of equipment, services and solutions for electrical power generation and distribution, on its sale to One Equity Partners from Melrose Plc.

And the team advised Sentinel Performance Solutions Group Ltd, a UK supplier of products to improve the performance of heating and closed water systems, on its sale to Aalberts NV, a global industrial technology group headquartered in the Netherlands.

Phil Burns, managing partner, Clearwater International said: “We are delighted by our continued performance this quarter.

“We’ve had one of the strongest years for private equity performance to date which is reflected in our league table positions.

“There are a number of exciting mandates in the pipeline, and we look forward to what’s ahead for the remainder of the year.”