Clearwater International advises Nexus Underwriting Management Limited on securing further debt capital
Clearwater International has advised Nexus Underwriting Management Limited (Nexus) on raising €18m (£16m) in additional debt facilities to support the continued acquisition strategy, which included the recent acquisition of Capital Risks MGA (CRML).
CRML is a London-based warranty and indemnity MGA founded in 2017 by Nathan Sewell and Jason Edwards. The acquisition will improve the financial and professional policy opportunities for Nexus.
The additional debt facilities will allow Nexus to continue to pursue further strategic acquisitions to strengthen its market position and broaden its service offering.
This is the second transaction in which Clearwater has advised Nexus, following the growth capital raised in 2017.