18/09/2023 - News
Clearwater International boosts its presence in Sweden with new Partner appointment
Clearwater International is pleased to be further strengthening its headcount in the Nordics, with the appointment of Erik Appelgren as a Partner in Sweden.
With a detailed knowledge of the business landscape across western Sweden, Erik’s core remit will be to lead and develop activity in the region
Erik joins Clearwater at an exciting time, as the firm looks to grow across the west of the country, a region laced with attractive M&A opportunities for businesses in a range of sectors.
With a detailed knowledge of the business landscape across western Sweden, Erik’s core remit will be to lead and develop activity in the region, focusing on sell-side advisory for entrepreneurs and family-owned companies in a range of sectors including TMT, healthcare, business services, consumer, and industrial & chemicals. Erik will be using this experience to ensure optimal buyers or partners are secured, who demonstrate the highest potential for enabling long-term value creation across internationalisation, M&A, product and service extension, digitalisation, sustainability, sales efficiency, purchasing, and recruitment.
The valuable insights that Erik has built from this impressive portfolio, will be hugely beneficial to Clearwater’s future activity
Erik has a stellar deal track record and recent notable transactions include the sale of Progrits to Axcel, the public offer for Cary Group by CVC and Nordic Capital, the sale of Livio to KKR-backed GeneraLife, the sale of Euroflorist to an investor consortium, and the IPO of Byggfakta Group by Stirling Square and TA Associates. The valuable insights and relationships that Erik has built from this impressive portfolio, will be hugely beneficial to Clearwater’s future activity and client base.
Prior to joining Clearwater, Erik spent 13 years in Nordic investment banking at Carnegie Investment Bank, DNB Markets and Danske Bank, where he gained extensive experience in both public and private M&A and capital market transactions.
Of his appointment, Erik commented:
“Clearwater has been successful in building strong local positions in cities beyond the capital in multiple countries. The western part of Sweden has a large number of attractive companies across various sub-sectors, where Clearwater has a strong track-record, and there is currently no investment banks or global M&A advisory boutiques with a local presence. During the past 10 years we have also seen a shift in competitive dynamics in Sweden, with the global M&A advisory boutiques taking market share. A trend that especially benefits a firm such as Clearwater, combining very high local sell-side deal activity with strong global sector expertise and reach. I look forward to working together with my new global colleagues to provide highest quality advice to current and future clients.”
Thomas Gaucher, Clearwater International Managing Partner and Co-Chair, added:
“I am absolutely delighted to welcome Erik into the Clearwater family. His extensive sector and transaction experience, combined with a detailed knowledge of the local market, means he was the perfect candidate to continue building our presence in Sweden. He will be making a substantial contribution to the business as a whole and I look forward to seeing these results in the coming months.”