14/07/2016 - News
Life after the Brexit vote
Mid-market advisory firm Clearwater International has completed 12 transactions across Europe in under a month – with nine of these coming after the Brexit vote. The deals, which have an average deal size of over €100m, cover a broad range of sectors; with half going to strategic buyers and half involving private equity. Transactions include King Vehicle Engineering and Polyframe Holdings Group.
Phil Burns, managing partner, Clearwater International, said: "As a business we always prepare for growth and continue to do so following the Brexit vote – the last month has been an exceptional period. Whilst uncertainty can create indecision, which on its own could mean less M&A, with our international reach and sector focus we feel there are still plenty of opportunities – with private equity groups having funds to invest and committed bank funding available, quality businesses will always be attractive".