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                        <span class="heading"><span class="filter-text">Filter by </span>[<a href="#" class="clear-filter">Clear</a>]</span>
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        <option value="" selected>Sector</option>
            <option
                                value="40">
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        </option>
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                                value="41">
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                                value="42">
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                        value="52" data-hiddenTo="sweden">
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                        value="53" data-hiddenTo="sweden">
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    <option value="international">International</option>

    
                        <option value="china">China</option>
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                                <label>Cross-border <input type="checkbox" name="cb"  /></label>
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    </section>

        <section class="transactions main">
        <div class="contain">
                            
                
                
                
                
                
                
                
                                    <h3>
                                                    Showing all transactions
                                            </h3>
                            
            <div class="transaction-slide-rail">
                                    <ul class="transaction-list">
                                                                                    <li class="triple">
    <div class="front">
        <div class="transaction-header">
                        <ul class="sectors">
                                                        
                    <li>
                        <a href="https://www.clearwaterinternational.com/sectors/industrials-and-chemicals" title="Industrials &amp; Chemicals">
                            <svg class="icon icon-industrials-and-chemicals" style="width: 45px; height: 45px; --color1: #fff; --color2: #fff;"><use xlink:href="#icon-industrials-and-chemicals"></use></svg>
                        </a>
                    </li>
                            </ul>
                        <ul class="flag">
                <li><span class="flagHolder"><span title="France" class="flag-france"></span></span></li>
            </ul>
        </div>
        <div class="transaction-detail">
            <div class="company">
                                    <img class="object-fit" data-object-fit="contain" src="https://www.clearwaterinternational.com/assets/transaction_logos/_transactionLogo/Leader-logo-1.png" title="Leader Group" alt="Image of Leader Group Company Logo"/>
                            </div>
            <div class="action">sold a majority stake to</div>
            <div class="company">
                                    <img class="object-fit" data-object-fit="contain" src="https://www.clearwaterinternational.com/assets/transaction_logos/_transactionLogo/Management-text.png" title="Management" alt="Image of Management Company Logo"/>
                            </div>
            <div class="action">and a minority stake to</div>
            <div class="company">
                                    <img class="object-fit" data-object-fit="contain" src="https://www.clearwaterinternational.com/assets/transaction_logos/_transactionLogo/113955/GENEO.png" title="Geneo" alt="Image of Geneo Company Logo"/>
                            </div>
        </div>
        <div class="additional-info">
                        <div class="term">Sell-side</div>
            <div class="value">
                                    Undisclosed
                            </div>

            <div class="tombstone-flip">
                <img src="/assets/img/tombstone-flip.svg" alt="View Back of Transaction">
            </div>
        </div>
    </div>
    <div class="back">
        <div class="transaction-header">
            Clearwater Advisers
        </div>
        <div class="advisers">
            <ul>
                                    <li><a href="https://www.clearwaterinternational.com/team/nicolas-saint-pierre-1">Nicolas Saint-Pierre</a></li>
                            </ul>
        </div>
        <div class="advisor-info">
                                                    <p>Adviser to the founder and majority shareholder on the sale of a majority stake in Leader Group</p>
                                        <a class="btn btn-small btn-solid more" href="https://www.clearwaterinternational.com/transactions/clearwater-international-advises-founder-and-majority-shareholder-of-leader-group-on-the-sale-of-the-group-to-the-management-team-and-geneo-capital-entrepreneur">View more</a>
                    </div>
    </div>
</li>
                                                                                                            <li class="triple">
    <div class="front">
        <div class="transaction-header">
                        <ul class="sectors">
                                                        
                    <li>
                        <a href="https://www.clearwaterinternational.com/sectors/tmt" title="TMT">
                            <svg class="icon icon-tmt" style="width: 45px; height: 45px; --color1: #fff; --color2: #fff;"><use xlink:href="#icon-tmt"></use></svg>
                        </a>
                    </li>
                            </ul>
                        <ul class="flag">
                <li><span class="flagHolder"><span title="Denmark" class="flag-denmark"></span></span></li>
            </ul>
        </div>
        <div class="transaction-detail">
            <div class="company">
                                    <img class="object-fit" data-object-fit="contain" src="https://www.clearwaterinternational.com/assets/transaction_logos/_transactionLogo/High_blue_CMYK.png" title="Webshipper" alt="Image of Webshipper Company Logo"/>
                            </div>
            <div class="action">sold to</div>
            <div class="company">
                                    <img class="object-fit" data-object-fit="contain" src="https://www.clearwaterinternational.com/assets/transaction_logos/_transactionLogo/nshift.png" title="nShift" alt="Image of nShift Company Logo"/>
                            </div>
            <div class="action">a portfolio company of</div>
            <div class="company">
                                    <img class="object-fit" data-object-fit="contain" src="https://www.clearwaterinternational.com/assets/transaction_logos/_transactionLogo/Marlin-and-Francisco-logo.png" title="Marlin Equity Partners and Francisco Partners" alt="Image of Marlin Equity Partners and Francisco Partners Company Logo"/>
                            </div>
        </div>
        <div class="additional-info">
                        <div class="term">Sell-side</div>
            <div class="value">
                                                                                Undisclosed
                                                </div>

            <div class="tombstone-flip">
                <img src="/assets/img/tombstone-flip.svg" alt="View Back of Transaction">
            </div>
        </div>
    </div>
    <div class="back">
        <div class="transaction-header">
            Clearwater Advisers
        </div>
        <div class="advisers">
            <ul>
                                    <li><a href="https://www.clearwaterinternational.com/team/per-surland">Per Surland</a></li>
                                    <li><a href="https://www.clearwaterinternational.com/team/casper-norre">Casper Norre</a></li>
                                    <li><a href="https://www.clearwaterinternational.com/team/rasmus-ostergaard">Rasmus Østergaard</a></li>
                            </ul>
        </div>
        <div class="advisor-info">
                                                    <p>Adviser to Webshipper on the sale to nShift</p>
                                        <a class="btn btn-small btn-solid more" href="https://www.clearwaterinternational.com/transactions/clearwater-international-advises-the-owners-of-webshipper-on-the-sale-to-nshift">View more</a>
                    </div>
    </div>
</li>
                                                                                                            
<li>
    <div class="front">
        <div class="transaction-header">
                            <ul class="sectors">
                                                                    
                        <li>
                        <a href="https://www.clearwaterinternational.com/sectors/business-services" title="Business Services">
                            <svg class="icon icon-business-services" style="width: 45px; height: 45px; --color1: #fff; --color2: #fff;"><use xlink:href="#icon-business-services"></use></svg>
                        </a>
                    </li>
                                                                    
                        <li>
                        <a href="https://www.clearwaterinternational.com/sectors/tmt" title="TMT">
                            <svg class="icon icon-tmt" style="width: 45px; height: 45px; --color1: #fff; --color2: #fff;"><use xlink:href="#icon-tmt"></use></svg>
                        </a>
                    </li>
                                    </ul>
                        <ul class="flag">
                <li><span class="flagHolder"><span title="France" class="flag-france"></span></span></li>
            </ul>
        </div>
        <div class="transaction-detail">
            <div class="company">
                                    <img class="object-fit" data-object-fit="contain" src="https://www.clearwaterinternational.com/assets/transaction_logos/_transactionLogo/Global-Partner-logo.png" title="Global Partner" alt="Image of Global Partner Company Logo"/>
                            </div>
            <div class="action">acquired</div>
            <div class="company">
                                    <img class="object-fit" data-object-fit="contain" src="https://www.clearwaterinternational.com/assets/transaction_logos/_transactionLogo/Thalie-logo.png" title="Thalie" alt="Image of Thalie Company Logo"/>
                            </div>
        </div>
        <div class="additional-info">
                        <div class="term">Buy-side</div>
            <div class="value">
                                                                                Undisclosed
                                                </div>

            <div class="tombstone-flip">
                <img src="/assets/img/tombstone-flip.svg" alt="View Back of Transaction">
            </div>
        </div>
    </div>
    <div class="back">
        <div class="transaction-header">
            Clearwater Advisers        </div>
        <div class="advisers">
            <ul>
                                    <li><a href="https://www.clearwaterinternational.com/team/jonathan-bursztyn">Jonathan Bursztyn</a></li>
                                    <li><a href="https://www.clearwaterinternational.com/team/sophie-lerond">Sophie Lerond</a></li>
                                    <li><a href="https://www.clearwaterinternational.com/team/lucas-genot">Lucas Genot</a></li>
                            </ul>
        </div>
        <div class="advisor-info">
                                                    <p>Adviser to  Global Partner on the acquisition of Thalie</p>
                                        <a class="btn btn-small btn-solid more" href="https://www.clearwaterinternational.com/transactions/clearwater-international-advises-global-partner-on-the-acquisition-of-thalie">View more</a>
                    </div>
    </div>
</li>
                                                                                                            
<li>
    <div class="front">
        <div class="transaction-header">
                            <ul class="sectors">
                                                                    
                        <li>
                        <a href="https://www.clearwaterinternational.com/sectors/consumer" title="Consumer">
                            <svg class="icon icon-consumer" style="width: 45px; height: 45px; --color1: #fff; --color2: #fff;"><use xlink:href="#icon-consumer"></use></svg>
                        </a>
                    </li>
                                    </ul>
                        <ul class="flag">
                <li><span class="flagHolder"><span title="France" class="flag-france"></span></span></li>
            </ul>
        </div>
        <div class="transaction-detail">
            <div class="company">
                                    <img class="object-fit" data-object-fit="contain" src="https://www.clearwaterinternational.com/assets/transaction_logos/_transactionLogo/Movin-logo-new.png" title="Movin" alt="Image of Movin Company Logo"/>
                            </div>
            <div class="action">acquired a stake in a joint venture to develop</div>
            <div class="company">
                                    <img class="object-fit" data-object-fit="contain" src="https://www.clearwaterinternational.com/assets/transaction_logos/_transactionLogo/sergio-tacchini-3_2021-09-13-114704_sfym.png" title="Sergio Tacchini" alt="Image of Sergio Tacchini Company Logo"/>
                            </div>
        </div>
        <div class="additional-info">
                        <div class="term">Buy-side</div>
            <div class="value">
                                                                                Undisclosed
                                                </div>

            <div class="tombstone-flip">
                <img src="/assets/img/tombstone-flip.svg" alt="View Back of Transaction">
            </div>
        </div>
    </div>
    <div class="back">
        <div class="transaction-header">
            Clearwater Advisers        </div>
        <div class="advisers">
            <ul>
                            </ul>
        </div>
        <div class="advisor-info">
                                                    <p>Adviser to Movin on the acquisition and its financing</p>
                                        <a class="btn btn-small btn-solid more" href="https://www.clearwaterinternational.com/transactions/clearwater-international-advises-movin-on-the-acquisition-of-a-significant-stake-in-a-joint-venture-aiming-to-accelerate-the-expansion-of-the-sergio-tacchini-brand">View more</a>
                    </div>
    </div>
</li>
                                                                                                            <li class="triple">
    <div class="front">
        <div class="transaction-header">
                        <ul class="sectors">
                                                        
                    <li>
                        <a href="https://www.clearwaterinternational.com/sectors/business-services" title="Business Services">
                            <svg class="icon icon-business-services" style="width: 45px; height: 45px; --color1: #fff; --color2: #fff;"><use xlink:href="#icon-business-services"></use></svg>
                        </a>
                    </li>
                            </ul>
                        <ul class="flag">
                <li><span class="flagHolder"><span title="Sweden" class="flag-sweden"></span></span></li>
            </ul>
        </div>
        <div class="transaction-detail">
            <div class="company">
                                    <img class="object-fit" data-object-fit="contain" src="https://www.clearwaterinternational.com/assets/transaction_logos/_transactionLogo/ceder_2021-09-15-150615_enqo.png" title="Ceder Capital" alt="Image of Ceder Capital Company Logo"/>
                            </div>
            <div class="action">sold</div>
            <div class="company">
                                    <img class="object-fit" data-object-fit="contain" src="https://www.clearwaterinternational.com/assets/transaction_logos/_transactionLogo/Storskogen-logos.png" title="Persson Innovation, SoVent, Viametrics, Buildercom and Adero" alt="Image of Persson Innovation, SoVent, Viametrics, Buildercom and Adero Company Logo"/>
                            </div>
            <div class="action">to</div>
            <div class="company">
                                    <img class="object-fit" data-object-fit="contain" src="https://www.clearwaterinternational.com/assets/transaction_logos/_transactionLogo/storskogen-logo.png" title="Storskogen" alt="Image of Storskogen Company Logo"/>
                            </div>
        </div>
        <div class="additional-info">
                        <div class="term">Sell-side</div>
            <div class="value">
                                                                                Undisclosed
                                                </div>

            <div class="tombstone-flip">
                <img src="/assets/img/tombstone-flip.svg" alt="View Back of Transaction">
            </div>
        </div>
    </div>
    <div class="back">
        <div class="transaction-header">
            Clearwater Advisers
        </div>
        <div class="advisers">
            <ul>
                                    <li><a href="https://www.clearwaterinternational.com/team/tomas-almgren">Tomas Almgren</a></li>
                                    <li><a href="https://www.clearwaterinternational.com/team/henrik-falkenby">Henrik Falkenby</a></li>
                                    <li><a href="https://www.clearwaterinternational.com/team/jonathan-enqvist">Jonathan Enqvist</a></li>
                                    <li><a href="https://www.clearwaterinternational.com/team/pontus-löfgren">Pontus Löfgren</a></li>
                                    <li><a href="https://www.clearwaterinternational.com/team/alexander-ribrant">Alexander Ribrant</a></li>
                            </ul>
        </div>
        <div class="advisor-info">
                                                    <p>Adviser to Ceder Capital on the sale of five portfolio companies to Storskogen</p>
                                        <a class="btn btn-small btn-solid more" href="https://www.clearwaterinternational.com/transactions/clearwater-international-advises-ceder-capital-on-the-sale-of-five-portfolio-companies-to-storskogen">View more</a>
                    </div>
    </div>
</li>
                                                                                                            <li class="triple">
    <div class="front">
        <div class="transaction-header">
                        <ul class="sectors">
                                                        
                    <li>
                        <a href="https://www.clearwaterinternational.com/sectors/healthcare" title="Healthcare">
                            <svg class="icon icon-healthcare" style="width: 45px; height: 45px; --color1: #fff; --color2: #fff;"><use xlink:href="#icon-healthcare"></use></svg>
                        </a>
                    </li>
                            </ul>
                        <ul class="flag">
                <li><span class="flagHolder"><span title="France" class="flag-france"></span></span></li>
            </ul>
        </div>
        <div class="transaction-detail">
            <div class="company">
                                    <img class="object-fit" data-object-fit="contain" src="https://www.clearwaterinternational.com/assets/transaction_logos/_transactionLogo/Groupe-Saint-Gatien_2021-09-14-112349_fwyn.png" title="Groupe Saint-Gatien" alt="Image of Groupe Saint-Gatien Company Logo"/>
                            </div>
            <div class="action">sold</div>
            <div class="company">
                                    <img class="object-fit" data-object-fit="contain" src="https://www.clearwaterinternational.com/assets/transaction_logos/_transactionLogo/Therae-logo.png" title="Théraé Centre Médical" alt="Image of Théraé Centre Médical Company Logo"/>
                            </div>
            <div class="action">to</div>
            <div class="company">
                                    <img class="object-fit" data-object-fit="contain" src="https://www.clearwaterinternational.com/assets/transaction_logos/_transactionLogo/Colisee-logo.png" title="Colisée" alt="Image of Colisée Company Logo"/>
                            </div>
        </div>
        <div class="additional-info">
                        <div class="term">Sell-side</div>
            <div class="value">
                                                                                Undisclosed
                                                </div>

            <div class="tombstone-flip">
                <img src="/assets/img/tombstone-flip.svg" alt="View Back of Transaction">
            </div>
        </div>
    </div>
    <div class="back">
        <div class="transaction-header">
            Clearwater Advisers
        </div>
        <div class="advisers">
            <ul>
                                    <li><a href="https://www.clearwaterinternational.com/team/philippe-guezenec">Philippe Guézenec</a></li>
                                    <li><a href="https://www.clearwaterinternational.com/team/aubert-simonnot">Aubert Simonnot</a></li>
                            </ul>
        </div>
        <div class="advisor-info">
                                                    <p>Adviser to Groupe Saint-Gatien on the sale of Théraé Centre Médical to Colisée</p>
                                </div>
    </div>
</li>
                                                                                                            
<li>
    <div class="front">
        <div class="transaction-header">
                            <ul class="sectors">
                                                                    
                        <li>
                        <a href="https://www.clearwaterinternational.com/sectors/real-estate" title="Real Estate">
                            <svg class="icon icon-real-estate" style="width: 45px; height: 45px; --color1: #fff; --color2: #fff;"><use xlink:href="#icon-real-estate"></use></svg>
                        </a>
                    </li>
                                    </ul>
                        <ul class="flag">
                <li><span class="flagHolder"><span title="Spain" class="flag-spain"></span></span></li>
            </ul>
        </div>
        <div class="transaction-detail">
            <div class="company">
                                    <img class="object-fit" data-object-fit="contain" src="https://www.clearwaterinternational.com/assets/transaction_logos/_transactionLogo/PromoRed-logo.png" title="PromoRed" alt="Image of PromoRed Company Logo"/>
                            </div>
            <div class="action">obtains financing from</div>
            <div class="company">
                                    <img class="object-fit" data-object-fit="contain" src="https://www.clearwaterinternational.com/assets/transaction_logos/_transactionLogo/113630/Pacific-Investments-logo_2021-09-14-161112_vtji.png" title="Pacific Investments" alt="Image of Pacific Investments Company Logo"/>
                            </div>
        </div>
        <div class="additional-info">
                        <div class="term">Debt Advisory</div>
            <div class="value">
                                                                                Undisclosed
                                                </div>

            <div class="tombstone-flip">
                <img src="/assets/img/tombstone-flip.svg" alt="View Back of Transaction">
            </div>
        </div>
    </div>
    <div class="back">
        <div class="transaction-header">
            Clearwater Advisers        </div>
        <div class="advisers">
            <ul>
                                    <li><a href="https://www.clearwaterinternational.com/team/gisella-menoscal">Gisella Menoscal</a></li>
                                    <li><a href="https://www.clearwaterinternational.com/team/fernando-cogollos">Fernando Cogollos</a></li>
                            </ul>
        </div>
        <div class="advisor-info">
                                                    <p>Adviser to PromoRed on raising development finance</p>
                                        <a class="btn btn-small btn-solid more" href="https://www.clearwaterinternational.com/transactions/clearwater-international-advises-promored-on-raising-development-finance-for-a-residential-built-to-rent-development">View more</a>
                    </div>
    </div>
</li>
                                                                                                            
<li>
    <div class="front">
        <div class="transaction-header">
                            <ul class="sectors">
                                                                    
                        <li>
                        <a href="https://www.clearwaterinternational.com/sectors/business-services" title="Business Services">
                            <svg class="icon icon-business-services" style="width: 45px; height: 45px; --color1: #fff; --color2: #fff;"><use xlink:href="#icon-business-services"></use></svg>
                        </a>
                    </li>
                                                                    
                        <li>
                        <a href="https://www.clearwaterinternational.com/sectors/healthcare" title="Healthcare">
                            <svg class="icon icon-healthcare" style="width: 45px; height: 45px; --color1: #fff; --color2: #fff;"><use xlink:href="#icon-healthcare"></use></svg>
                        </a>
                    </li>
                                    </ul>
                        <ul class="flag">
                <li><span class="flagHolder"><span title="UK" class="flag-united-kingdom"></span></span></li>
            </ul>
        </div>
        <div class="transaction-detail">
            <div class="company">
                                    <img class="object-fit" data-object-fit="contain" src="https://www.clearwaterinternational.com/assets/transaction_logos/_transactionLogo/113457/db1e21f2111aaac4d0ab141e81d62363.png" title="Meet Recruitment" alt="Image of Meet Recruitment Company Logo"/>
                            </div>
            <div class="action">MBO supported by</div>
            <div class="company">
                                    <img class="object-fit" data-object-fit="contain" src="https://www.clearwaterinternational.com/assets/transaction_logos/_transactionLogo/NE.png" title="NorthEdge Capital" alt="Image of NorthEdge Capital Company Logo"/>
                            </div>
        </div>
        <div class="additional-info">
                        <div class="term">Sell-side</div>
            <div class="value">
                                                                                Undisclosed
                                                </div>

            <div class="tombstone-flip">
                <img src="/assets/img/tombstone-flip.svg" alt="View Back of Transaction">
            </div>
        </div>
    </div>
    <div class="back">
        <div class="transaction-header">
            Clearwater Advisers        </div>
        <div class="advisers">
            <ul>
                                    <li><a href="https://www.clearwaterinternational.com/team/marcus-archer">Marcus Archer</a></li>
                                    <li><a href="https://www.clearwaterinternational.com/team/will-arnold">Will Arnold</a></li>
                                    <li><a href="https://www.clearwaterinternational.com/team/christian-pollard">Christian Pollard</a></li>
                            </ul>
        </div>
        <div class="advisor-info">
                                                    <p>Adviser to Meet Recruitment on its MBO supported by NorthEdge Capital</p>
                                        <a class="btn btn-small btn-solid more" href="https://www.clearwaterinternational.com/transactions/clearwater-international-advises-meet-recruitment-on-its-mbo-supported-by-northedge">View more</a>
                    </div>
    </div>
</li>
                                                                                                            
<li>
    <div class="front">
        <div class="transaction-header">
                            <ul class="sectors">
                                                                    
                        <li>
                        <a href="https://www.clearwaterinternational.com/sectors/business-services" title="Business Services">
                            <svg class="icon icon-business-services" style="width: 45px; height: 45px; --color1: #fff; --color2: #fff;"><use xlink:href="#icon-business-services"></use></svg>
                        </a>
                    </li>
                                    </ul>
                        <ul class="flag">
                <li><span class="flagHolder"><span title="France" class="flag-france"></span></span></li>
            </ul>
        </div>
        <div class="transaction-detail">
            <div class="company">
                                    <img class="object-fit" data-object-fit="contain" src="https://www.clearwaterinternational.com/assets/transaction_logos/_transactionLogo/113419/TX-Cube_resized.png" title="TXCube" alt="Image of TXCube Company Logo"/>
                            </div>
            <div class="action">Primary buy-out with</div>
            <div class="company">
                                    <img class="object-fit" data-object-fit="contain" src="https://www.clearwaterinternational.com/assets/transaction_logos/_transactionLogo/113454/ANDERA_logo_Hi-Res.png" title="Andera Croissance" alt="Image of Andera Croissance Company Logo"/>
                            </div>
        </div>
        <div class="additional-info">
                        <div class="term">Sell-side</div>
            <div class="value">
                                                                                Undisclosed
                                                </div>

            <div class="tombstone-flip">
                <img src="/assets/img/tombstone-flip.svg" alt="View Back of Transaction">
            </div>
        </div>
    </div>
    <div class="back">
        <div class="transaction-header">
            Clearwater Advisers        </div>
        <div class="advisers">
            <ul>
                                    <li><a href="https://www.clearwaterinternational.com/team/jonathan-bursztyn">Jonathan Bursztyn</a></li>
                                    <li><a href="https://www.clearwaterinternational.com/team/louis-wallerand-gayon">Louis-Wallerand Gayon</a></li>
                            </ul>
        </div>
        <div class="advisor-info">
                                                    <p>Adviser to the shareholders of TXCube on the structuring of a primary buy-out with Andera Croissance</p>
                                        <a class="btn btn-small btn-solid more" href="https://www.clearwaterinternational.com/transactions/clearwater-international-advises-the-shareholders-of-txcube-on-the-structuring-of-a-primary-buy-out-with-andera-croissance">View more</a>
                    </div>
    </div>
</li>
                                                                                                            
<li>
    <div class="front">
        <div class="transaction-header">
                            <ul class="sectors">
                                                                    
                        <li>
                        <a href="https://www.clearwaterinternational.com/sectors/food-and-beverage" title="Food &amp; Beverage">
                            <svg class="icon icon-food-and-beverage" style="width: 45px; height: 45px; --color1: #fff; --color2: #fff;"><use xlink:href="#icon-food-and-beverage"></use></svg>
                        </a>
                    </li>
                                    </ul>
                        <ul class="flag">
                <li><span class="flagHolder"><span title="France" class="flag-france"></span></span></li>
            </ul>
        </div>
        <div class="transaction-detail">
            <div class="company">
                                    <img class="object-fit" data-object-fit="contain" src="https://www.clearwaterinternational.com/assets/transaction_logos/_transactionLogo/Markal.png" title="Markal" alt="Image of Markal Company Logo"/>
                            </div>
            <div class="action">sold to</div>
            <div class="company">
                                    <img class="object-fit" data-object-fit="contain" src="https://www.clearwaterinternational.com/assets/transaction_logos/_transactionLogo/113398/LW-BPI-Tikehau-FFC-2.png" title="Lionel Wolberg, BPI France, Tikehau, French Food" alt="Image of Lionel Wolberg, BPI France, Tikehau, French Food Company Logo"/>
                            </div>
        </div>
        <div class="additional-info">
                        <div class="term">Sell-side</div>
            <div class="value">
                                    Undisclosed
                            </div>

            <div class="tombstone-flip">
                <img src="/assets/img/tombstone-flip.svg" alt="View Back of Transaction">
            </div>
        </div>
    </div>
    <div class="back">
        <div class="transaction-header">
            Clearwater Advisers        </div>
        <div class="advisers">
            <ul>
                            </ul>
        </div>
        <div class="advisor-info">
                                                    <p>Adviser to the shareholders of Markal on its sale to Lionel Wolberg</p>
                                        <a class="btn btn-small btn-solid more" href="https://www.clearwaterinternational.com/transactions/clearwater-international-advises-the-shareholders-of-markal-on-its-sale-to-lionel-wolberg-backed-by-frenchfood-capital">View more</a>
                    </div>
    </div>
</li>
                                                                                                            
<li>
    <div class="front">
        <div class="transaction-header">
                            <ul class="sectors">
                                                                    
                        <li>
                        <a href="https://www.clearwaterinternational.com/sectors/business-services" title="Business Services">
                            <svg class="icon icon-business-services" style="width: 45px; height: 45px; --color1: #fff; --color2: #fff;"><use xlink:href="#icon-business-services"></use></svg>
                        </a>
                    </li>
                                                                    
                        <li>
                        <a href="https://www.clearwaterinternational.com/sectors/tmt" title="TMT">
                            <svg class="icon icon-tmt" style="width: 45px; height: 45px; --color1: #fff; --color2: #fff;"><use xlink:href="#icon-tmt"></use></svg>
                        </a>
                    </li>
                                    </ul>
                        <ul class="flag">
                <li><span class="flagHolder"><span title="UK" class="flag-united-kingdom"></span></span></li>
            </ul>
        </div>
        <div class="transaction-detail">
            <div class="company">
                                    <img class="object-fit" data-object-fit="contain" src="https://www.clearwaterinternational.com/assets/transaction_logos/_transactionLogo/94983/ldc-logo_2021-01-04-174615.png" title="LDC" alt="Image of LDC Company Logo"/>
                            </div>
            <div class="action">on its investment in</div>
            <div class="company">
                                    <img class="object-fit" data-object-fit="contain" src="https://www.clearwaterinternational.com/assets/transaction_logos/_transactionLogo/1519905680997.png" title="REAL Digital International Ltd" alt="Image of REAL Digital International Ltd Company Logo"/>
                            </div>
        </div>
        <div class="additional-info">
                        <div class="term">Buy-side</div>
            <div class="value">
                                                                                Undisclosed
                                                </div>

            <div class="tombstone-flip">
                <img src="/assets/img/tombstone-flip.svg" alt="View Back of Transaction">
            </div>
        </div>
    </div>
    <div class="back">
        <div class="transaction-header">
            Clearwater Advisers        </div>
        <div class="advisers">
            <ul>
                                    <li><a href="https://www.clearwaterinternational.com/team/marcus-archer">Marcus Archer</a></li>
                                    <li><a href="https://www.clearwaterinternational.com/team/chris-smith">Chris Smith</a></li>
                                    <li><a href="https://www.clearwaterinternational.com/team/paul-finlayson">Paul Finlayson</a></li>
                                    <li><a href="https://www.clearwaterinternational.com/team/david-grassby">David Grassby</a></li>
                                    <li><a href="https://www.clearwaterinternational.com/team/gregory-cornes">Gregory Cornes</a></li>
                                    <li><a href="https://www.clearwaterinternational.com/team/ben-crowe">Ben Crowe</a></li>
                            </ul>
        </div>
        <div class="advisor-info">
                                                    <p>Adviser to LDC on its investment in REAL Digital International Ltd</p>
                                        <a class="btn btn-small btn-solid more" href="https://www.clearwaterinternational.com/transactions/clearwater-international-advises-ldc-on-its-investment-in-real-digital-international">View more</a>
                    </div>
    </div>
</li>
                                                                                                            <li class="triple">
    <div class="front">
        <div class="transaction-header">
                        <ul class="sectors">
                                                        
                    <li>
                        <a href="https://www.clearwaterinternational.com/sectors/consumer" title="Consumer">
                            <svg class="icon icon-consumer" style="width: 45px; height: 45px; --color1: #fff; --color2: #fff;"><use xlink:href="#icon-consumer"></use></svg>
                        </a>
                    </li>
                            </ul>
                        <ul class="flag">
                <li><span class="flagHolder"><span title="UK" class="flag-united-kingdom"></span></span></li>
            </ul>
        </div>
        <div class="transaction-detail">
            <div class="company">
                                    <img class="object-fit" data-object-fit="contain" src="https://www.clearwaterinternational.com/assets/transaction_logos/_transactionLogo/107138/palatine.png" title="Palatine Private Equity" alt="Image of Palatine Private Equity Company Logo"/>
                            </div>
            <div class="action">on the sale of</div>
            <div class="company">
                                    <img class="object-fit" data-object-fit="contain" src="https://www.clearwaterinternational.com/assets/transaction_logos/_transactionLogo/VerdantLeisure.png" title="Verdant Leisure" alt="Image of Verdant Leisure Company Logo"/>
                            </div>
            <div class="action">to</div>
            <div class="company">
                                    <img class="object-fit" data-object-fit="contain" src="https://www.clearwaterinternational.com/assets/transaction_logos/_transactionLogo/113083/Capture.png" title="The William Pears Group" alt="Image of The William Pears Group Company Logo"/>
                            </div>
        </div>
        <div class="additional-info">
                        <div class="term">Sell-side</div>
            <div class="value">
                                                                                Undisclosed
                                                </div>

            <div class="tombstone-flip">
                <img src="/assets/img/tombstone-flip.svg" alt="View Back of Transaction">
            </div>
        </div>
    </div>
    <div class="back">
        <div class="transaction-header">
            Clearwater Advisers
        </div>
        <div class="advisers">
            <ul>
                                    <li><a href="https://www.clearwaterinternational.com/team/michael-reeves">Michael Reeves</a></li>
                                    <li><a href="https://www.clearwaterinternational.com/team/mark-taylor">Mark Taylor</a></li>
                                    <li><a href="https://www.clearwaterinternational.com/team/gareth-iley">Gareth Iley</a></li>
                                    <li><a href="https://www.clearwaterinternational.com/team/zack-goddard">Zack Goddard</a></li>
                                    <li><a href="https://www.clearwaterinternational.com/team/alex-holland">Alex Holland</a></li>
                                    <li><a href="https://www.clearwaterinternational.com/team/tom-barnwell">Tom Barnwell</a></li>
                                    <li><a href="https://www.clearwaterinternational.com/team/kieran-virr">Kieran Virr</a></li>
                                    <li><a href="https://www.clearwaterinternational.com/team/andrew-royle">Andrew Royle</a></li>
                            </ul>
        </div>
        <div class="advisor-info">
                                                    <p>Adviser to Palatine on the sale of Verdant Leisure to The William Pears Group</p>
                                        <a class="btn btn-small btn-solid more" href="https://www.clearwaterinternational.com/transactions/clearwater-international-advises-palatine-on-the-sale-of-verdant-leisure-to-the-william-pears-group">View more</a>
                    </div>
    </div>
</li>
                                                                                                            
<li>
    <div class="front">
        <div class="transaction-header">
                            <ul class="sectors">
                                                                    
                        <li>
                        <a href="https://www.clearwaterinternational.com/sectors/tmt" title="TMT">
                            <svg class="icon icon-tmt" style="width: 45px; height: 45px; --color1: #fff; --color2: #fff;"><use xlink:href="#icon-tmt"></use></svg>
                        </a>
                    </li>
                                    </ul>
                        <ul class="flag">
                <li><span class="flagHolder"><span title="Spain" class="flag-spain"></span></span></li>
            </ul>
        </div>
        <div class="transaction-detail">
            <div class="company">
                                    <img class="object-fit" data-object-fit="contain" src="https://www.clearwaterinternational.com/assets/transaction_logos/_transactionLogo/Bluetab-logo.png" title="Bluetab" alt="Image of Bluetab Company Logo"/>
                            </div>
            <div class="action">sold to</div>
            <div class="company">
                                    <img class="object-fit" data-object-fit="contain" src="https://www.clearwaterinternational.com/assets/transaction_logos/_transactionLogo/IBM.png" title="IBM Global Business Services" alt="Image of IBM Global Business Services Company Logo"/>
                            </div>
        </div>
        <div class="additional-info">
                        <div class="term">Sell-side</div>
            <div class="value">
                                    Undisclosed
                            </div>

            <div class="tombstone-flip">
                <img src="/assets/img/tombstone-flip.svg" alt="View Back of Transaction">
            </div>
        </div>
    </div>
    <div class="back">
        <div class="transaction-header">
            Clearwater Advisers        </div>
        <div class="advisers">
            <ul>
                                    <li><a href="https://www.clearwaterinternational.com/team/david-serra">David Serra</a></li>
                                    <li><a href="https://www.clearwaterinternational.com/team/josemaria-torrens">Josemaría Torrens</a></li>
                                    <li><a href="https://www.clearwaterinternational.com/team/claudia-sánchez-2">Claudia Sánchez</a></li>
                                    <li><a href="https://www.clearwaterinternational.com/team/lucia.martinez">Lucía Martínez</a></li>
                            </ul>
        </div>
        <div class="advisor-info">
                                                    <p>Adviser to Bluetab Solutions on its sale to IBM Global Business Services</p>
                                        <a class="btn btn-small btn-solid more" href="https://www.clearwaterinternational.com/transactions/clearwater-international-advises-bluetab-solutions-on-its-sale-to-ibm-global-business-services">View more</a>
                    </div>
    </div>
</li>
                                                                                                            <li class="triple">
    <div class="front">
        <div class="transaction-header">
                        <ul class="sectors">
                                                        
                    <li>
                        <a href="https://www.clearwaterinternational.com/sectors/tmt" title="TMT">
                            <svg class="icon icon-tmt" style="width: 45px; height: 45px; --color1: #fff; --color2: #fff;"><use xlink:href="#icon-tmt"></use></svg>
                        </a>
                    </li>
                            </ul>
                        <ul class="flag">
                <li><span class="flagHolder"><span title="UK" class="flag-united-kingdom"></span></span></li>
            </ul>
        </div>
        <div class="transaction-detail">
            <div class="company">
                                    <img class="object-fit" data-object-fit="contain" src="https://www.clearwaterinternational.com/assets/transaction_logos/_transactionLogo/112809/Livingbridge2.png" title="Livingbridge" alt="Image of Livingbridge Company Logo"/>
                            </div>
            <div class="action">raised debt facilities from</div>
            <div class="company">
                                    <img class="object-fit" data-object-fit="contain" src="https://www.clearwaterinternational.com/assets/transaction_logos/_transactionLogo/LGT-HSBC2.png" title="LGT and HSBC" alt="Image of LGT and HSBC Company Logo"/>
                            </div>
            <div class="action">to support the investment in</div>
            <div class="company">
                                    <img class="object-fit" data-object-fit="contain" src="https://www.clearwaterinternational.com/assets/transaction_logos/_transactionLogo/112811/North-image.png" title="North SP Group" alt="Image of North SP Group Company Logo"/>
                            </div>
        </div>
        <div class="additional-info">
                        <div class="term">Acquisition finance</div>
            <div class="value">
                                                                                Undisclosed
                                                </div>

            <div class="tombstone-flip">
                <img src="/assets/img/tombstone-flip.svg" alt="View Back of Transaction">
            </div>
        </div>
    </div>
    <div class="back">
        <div class="transaction-header">
            Clearwater Advisers
        </div>
        <div class="advisers">
            <ul>
                                    <li><a href="https://www.clearwaterinternational.com/team/mark-taylor">Mark Taylor</a></li>
                                    <li><a href="https://www.clearwaterinternational.com/team/tom-barnwell">Tom Barnwell</a></li>
                                    <li><a href="https://www.clearwaterinternational.com/team/ben-crowe">Ben Crowe</a></li>
                            </ul>
        </div>
        <div class="advisor-info">
                                                    <p>Adviser to Livingbridge on raising finance from LGT and HSBC to support the investment in North SP Group</p>
                                        <a class="btn btn-small btn-solid more" href="https://www.clearwaterinternational.com/transactions/clearwater-international-advises-livingbridge-on-raising-debt-facilities-to-support-the-investment-in-north-sp-group">View more</a>
                    </div>
    </div>
</li>
                                                                                                            
<li>
    <div class="front">
        <div class="transaction-header">
                            <ul class="sectors">
                                                                    
                        <li>
                        <a href="https://www.clearwaterinternational.com/sectors/consumer" title="Consumer">
                            <svg class="icon icon-consumer" style="width: 45px; height: 45px; --color1: #fff; --color2: #fff;"><use xlink:href="#icon-consumer"></use></svg>
                        </a>
                    </li>
                                    </ul>
                        <ul class="flag">
                <li><span class="flagHolder"><span title="Ireland" class="flag-ireland"></span></span></li>
            </ul>
        </div>
        <div class="transaction-detail">
            <div class="company">
                                    <img class="object-fit" data-object-fit="contain" src="https://www.clearwaterinternational.com/assets/transaction_logos/_transactionLogo/111766/SONAS-Bathrooms.png" title="SONAS Bathrooms" alt="Image of SONAS Bathrooms Company Logo"/>
                            </div>
            <div class="action">MBO supported by</div>
            <div class="company">
                                    <img class="object-fit" data-object-fit="contain" src="https://www.clearwaterinternational.com/assets/transaction_logos/_transactionLogo/Muzinich-and-co-logo.png" title="Muzinich &amp; Co." alt="Image of Muzinich &amp; Co. Company Logo"/>
                            </div>
        </div>
        <div class="additional-info">
                        <div class="term">Sell-side</div>
            <div class="value">
                                    Undisclosed
                            </div>

            <div class="tombstone-flip">
                <img src="/assets/img/tombstone-flip.svg" alt="View Back of Transaction">
            </div>
        </div>
    </div>
    <div class="back">
        <div class="transaction-header">
            Clearwater Advisers        </div>
        <div class="advisers">
            <ul>
                                    <li><a href="https://www.clearwaterinternational.com/team/john-sheridan">John Sheridan</a></li>
                                    <li><a href="https://www.clearwaterinternational.com/team/john-devine">John Devine</a></li>
                                    <li><a href="https://www.clearwaterinternational.com/team/daniel-lavelle">Daniel Lavelle</a></li>
                            </ul>
        </div>
        <div class="advisor-info">
                                                    <p>Adviser to SONAS Bathrooms on its MBO supported by Muzinich &amp; Co.</p>
                                        <a class="btn btn-small btn-solid more" href="https://www.clearwaterinternational.com/transactions/clearwater-international-ireland-advises-on-the-management-buy-out-of-sonas-bathrooms-backed-by-muzinich-co">View more</a>
                    </div>
    </div>
</li>
                                                                                                            <li class="triple">
    <div class="front">
        <div class="transaction-header">
                        <ul class="sectors">
                                                        
                    <li>
                        <a href="https://www.clearwaterinternational.com/sectors/business-services" title="Business Services">
                            <svg class="icon icon-business-services" style="width: 45px; height: 45px; --color1: #fff; --color2: #fff;"><use xlink:href="#icon-business-services"></use></svg>
                        </a>
                    </li>
                            </ul>
                        <ul class="flag">
                <li><span class="flagHolder"><span title="Sweden" class="flag-sweden"></span></span></li>
            </ul>
        </div>
        <div class="transaction-detail">
            <div class="company">
                                    <img class="object-fit" data-object-fit="contain" src="https://www.clearwaterinternational.com/assets/transaction_logos/_transactionLogo/Litorina_2021-08-20-135715_zurc.png" title="Litorina" alt="Image of Litorina Company Logo"/>
                            </div>
            <div class="action">sold</div>
            <div class="company">
                                    <img class="object-fit" data-object-fit="contain" src="https://www.clearwaterinternational.com/assets/transaction_logos/_transactionLogo/112112/LGT-logo.png" title="LGT" alt="Image of LGT Company Logo"/>
                            </div>
            <div class="action">to</div>
            <div class="company">
                                    <img class="object-fit" data-object-fit="contain" src="https://www.clearwaterinternational.com/assets/transaction_logos/_transactionLogo/112113/ntg_logo.png" title="NTG" alt="Image of NTG Company Logo"/>
                            </div>
        </div>
        <div class="additional-info">
                        <div class="term">Sell-side</div>
            <div class="value">
                                                                                Undisclosed
                                                </div>

            <div class="tombstone-flip">
                <img src="/assets/img/tombstone-flip.svg" alt="View Back of Transaction">
            </div>
        </div>
    </div>
    <div class="back">
        <div class="transaction-header">
            Clearwater Advisers
        </div>
        <div class="advisers">
            <ul>
                                    <li><a href="https://www.clearwaterinternational.com/team/tomas-almgren">Tomas Almgren</a></li>
                                    <li><a href="https://www.clearwaterinternational.com/team/anton-truvé">Anton Truvé</a></li>
                                    <li><a href="https://www.clearwaterinternational.com/team/felix-ewert">Felix Ewert</a></li>
                            </ul>
        </div>
        <div class="advisor-info">
                                                    <p>Adviser to Litorina on the sale of LGT Logistics to Nordic Transport Group</p>
                                        <a class="btn btn-small btn-solid more" href="https://www.clearwaterinternational.com/transactions/clearwater-international-advises-litorina-on-the-sale-of-lgt-logistics-to-nordic-transport-group">View more</a>
                    </div>
    </div>
</li>
                                                                                                            
<li>
    <div class="front">
        <div class="transaction-header">
                            <ul class="sectors">
                                                                    
                        <li>
                        <a href="https://www.clearwaterinternational.com/sectors/consumer" title="Consumer">
                            <svg class="icon icon-consumer" style="width: 45px; height: 45px; --color1: #fff; --color2: #fff;"><use xlink:href="#icon-consumer"></use></svg>
                        </a>
                    </li>
                                    </ul>
                        <ul class="flag">
                <li><span class="flagHolder"><span title="Sweden" class="flag-sweden"></span></span></li>
            </ul>
        </div>
        <div class="transaction-detail">
            <div class="company">
                                    <img class="object-fit" data-object-fit="contain" src="https://www.clearwaterinternational.com/assets/transaction_logos/_transactionLogo/Smedbo_logo_transparent.png" title="Smedbo" alt="Image of Smedbo Company Logo"/>
                            </div>
            <div class="action">sold to</div>
            <div class="company">
                                    <img class="object-fit" data-object-fit="contain" src="https://www.clearwaterinternational.com/assets/transaction_logos/_transactionLogo/111647/SEB_logo_black.png" title="SEB" alt="Image of SEB Company Logo"/>
                            </div>
        </div>
        <div class="additional-info">
                        <div class="term">Sell-side</div>
            <div class="value">
                                    Undisclosed
                            </div>

            <div class="tombstone-flip">
                <img src="/assets/img/tombstone-flip.svg" alt="View Back of Transaction">
            </div>
        </div>
    </div>
    <div class="back">
        <div class="transaction-header">
            Clearwater Advisers        </div>
        <div class="advisers">
            <ul>
                                    <li><a href="https://www.clearwaterinternational.com/team/tomas-almgren">Tomas Almgren</a></li>
                                    <li><a href="https://www.clearwaterinternational.com/team/jonathan-enqvist">Jonathan Enqvist</a></li>
                                    <li><a href="https://www.clearwaterinternational.com/team/pontus-löfgren">Pontus Löfgren</a></li>
                            </ul>
        </div>
        <div class="advisor-info">
                                                    <p>Adviser to Smedbo on its sale to SEB Private Equity</p>
                                        <a class="btn btn-small btn-solid more" href="https://www.clearwaterinternational.com/transactions/clearwater-international-advises-smedbo-on-its-sale-to-seb-private-equity">View more</a>
                    </div>
    </div>
</li>
                                                                                                            
<li>
    <div class="front">
        <div class="transaction-header">
                            <ul class="sectors">
                                                                    
                        <li>
                        <a href="https://www.clearwaterinternational.com/sectors/financial-services" title="Financial Services">
                            <svg class="icon icon-financial-services" style="width: 45px; height: 45px; --color1: #fff; --color2: #fff;"><use xlink:href="#icon-financial-services"></use></svg>
                        </a>
                    </li>
                                    </ul>
                        <ul class="flag">
                <li><span class="flagHolder"><span title="Ireland" class="flag-ireland"></span></span></li>
            </ul>
        </div>
        <div class="transaction-detail">
            <div class="company">
                                    <img class="object-fit" data-object-fit="contain" src="https://www.clearwaterinternational.com/assets/transaction_logos/_transactionLogo/111583/Melior.png" title="Melior Equity Partners" alt="Image of Melior Equity Partners Company Logo"/>
                            </div>
            <div class="action">invested in</div>
            <div class="company">
                                    <img class="object-fit" data-object-fit="contain" src="https://www.clearwaterinternational.com/assets/transaction_logos/_transactionLogo/BHP-Insurance-logo.png" title="BHP Insurance" alt="Image of BHP Insurance Company Logo"/>
                            </div>
        </div>
        <div class="additional-info">
                        <div class="term">Buy-side</div>
            <div class="value">
                                    Undisclosed
                            </div>

            <div class="tombstone-flip">
                <img src="/assets/img/tombstone-flip.svg" alt="View Back of Transaction">
            </div>
        </div>
    </div>
    <div class="back">
        <div class="transaction-header">
            Clearwater Advisers        </div>
        <div class="advisers">
            <ul>
                                    <li><a href="https://www.clearwaterinternational.com/team/john-curtin">John Curtin</a></li>
                                    <li><a href="https://www.clearwaterinternational.com/team/john-sheridan">John Sheridan</a></li>
                                    <li><a href="https://www.clearwaterinternational.com/team/daniel-lavelle">Daniel Lavelle</a></li>
                            </ul>
        </div>
        <div class="advisor-info">
                                                    <p>Adviser to Melior Equity Partners on its investment in BHP Insurance</p>
                                        <a class="btn btn-small btn-solid more" href="https://www.clearwaterinternational.com/transactions/clearwater-international-provides-transaction-support-to-melior-equity-partners-on-its-significant-investment-in-bhp">View more</a>
                    </div>
    </div>
</li>
                                                                                                            <li class="triple">
    <div class="front">
        <div class="transaction-header">
                        <ul class="sectors">
                                                        
                    <li>
                        <a href="https://www.clearwaterinternational.com/sectors/consumer" title="Consumer">
                            <svg class="icon icon-consumer" style="width: 45px; height: 45px; --color1: #fff; --color2: #fff;"><use xlink:href="#icon-consumer"></use></svg>
                        </a>
                    </li>
                            </ul>
                        <ul class="flag">
                <li><span class="flagHolder"><span title="Sweden" class="flag-sweden"></span></span></li>
            </ul>
        </div>
        <div class="transaction-detail">
            <div class="company">
                                    <img class="object-fit" data-object-fit="contain" src="https://www.clearwaterinternational.com/assets/transaction_logos/_transactionLogo/Verdane-logo.png" title="Verdane" alt="Image of Verdane Company Logo"/>
                            </div>
            <div class="action">sold</div>
            <div class="company">
                                    <img class="object-fit" data-object-fit="contain" src="https://www.clearwaterinternational.com/assets/transaction_logos/_transactionLogo/MM_SPORTS-logo.png" title="MM Sports" alt="Image of MM Sports Company Logo"/>
                            </div>
            <div class="action">to</div>
            <div class="company">
                                    <img class="object-fit" data-object-fit="contain" src="https://www.clearwaterinternational.com/assets/transaction_logos/_transactionLogo/CapMan.png" title="CapMan" alt="Image of CapMan Company Logo"/>
                            </div>
        </div>
        <div class="additional-info">
                        <div class="term">Sell-side</div>
            <div class="value">
                                    Undisclosed
                            </div>

            <div class="tombstone-flip">
                <img src="/assets/img/tombstone-flip.svg" alt="View Back of Transaction">
            </div>
        </div>
    </div>
    <div class="back">
        <div class="transaction-header">
            Clearwater Advisers
        </div>
        <div class="advisers">
            <ul>
                                    <li><a href="https://www.clearwaterinternational.com/team/gustaf-plyhm">Gustaf Plyhm</a></li>
                                    <li><a href="https://www.clearwaterinternational.com/team/henrik-jakobsson">Henrik Jakobsson</a></li>
                                    <li><a href="https://www.clearwaterinternational.com/team/martin-areskoug">Martin Areskoug</a></li>
                            </ul>
        </div>
        <div class="advisor-info">
                                                    <p>Adviser to Verdane on the sale of MM Sports</p>
                                        <a class="btn btn-small btn-solid more" href="https://www.clearwaterinternational.com/transactions/clearwater-international-advises-verdane-on-the-sale-of-mm-sports-to-capman">View more</a>
                    </div>
    </div>
</li>
                                                                                                            
<li>
    <div class="front">
        <div class="transaction-header">
                            <ul class="sectors">
                                                                    
                        <li>
                        <a href="https://www.clearwaterinternational.com/sectors/industrials-and-chemicals" title="Industrials &amp; Chemicals">
                            <svg class="icon icon-industrials-and-chemicals" style="width: 45px; height: 45px; --color1: #fff; --color2: #fff;"><use xlink:href="#icon-industrials-and-chemicals"></use></svg>
                        </a>
                    </li>
                                    </ul>
                        <ul class="flag">
                <li><span class="flagHolder"><span title="UK" class="flag-united-kingdom"></span></span></li>
            </ul>
        </div>
        <div class="transaction-detail">
            <div class="company">
                                    <img class="object-fit" data-object-fit="contain" src="https://www.clearwaterinternational.com/assets/transaction_logos/_transactionLogo/111288/rutland-partners.png" title="Rutland Partners" alt="Image of Rutland Partners Company Logo"/>
                            </div>
            <div class="action">acquired</div>
            <div class="company">
                                    <img class="object-fit" data-object-fit="contain" src="https://www.clearwaterinternational.com/assets/transaction_logos/_transactionLogo/Southgate.png" title="Southgate Global" alt="Image of Southgate Global Company Logo"/>
                            </div>
        </div>
        <div class="additional-info">
                        <div class="term">Buy-side</div>
            <div class="value">
                                                                                Undisclosed
                                                </div>

            <div class="tombstone-flip">
                <img src="/assets/img/tombstone-flip.svg" alt="View Back of Transaction">
            </div>
        </div>
    </div>
    <div class="back">
        <div class="transaction-header">
            Clearwater Advisers        </div>
        <div class="advisers">
            <ul>
                                    <li><a href="https://www.clearwaterinternational.com/team/michael-loudon">Michael Loudon</a></li>
                                    <li><a href="https://www.clearwaterinternational.com/team/mark-maunsell">Mark Maunsell</a></li>
                                    <li><a href="https://www.clearwaterinternational.com/team/carly-sinicrope">Carly Sinicrope</a></li>
                            </ul>
        </div>
        <div class="advisor-info">
                                                    <p>Adviser to Rutland Partners on the acquisition of Southgate Global</p>
                                        <a class="btn btn-small btn-solid more" href="https://www.clearwaterinternational.com/transactions/clearwater-international-advises-rutland-partners-on-the-acquisition-of-southgate-global">View more</a>
                    </div>
    </div>
</li>
                                                                                                            
<li>
    <div class="front">
        <div class="transaction-header">
                            <ul class="sectors">
                                                                    
                        <li>
                        <a href="https://www.clearwaterinternational.com/sectors/healthcare" title="Healthcare">
                            <svg class="icon icon-healthcare" style="width: 45px; height: 45px; --color1: #fff; --color2: #fff;"><use xlink:href="#icon-healthcare"></use></svg>
                        </a>
                    </li>
                                    </ul>
                        <ul class="flag">
                <li><span class="flagHolder"><span title="Denmark" class="flag-denmark"></span></span></li>
            </ul>
        </div>
        <div class="transaction-detail">
            <div class="company">
                                    <img class="object-fit" data-object-fit="contain" src="https://www.clearwaterinternational.com/assets/transaction_logos/_transactionLogo/Dutscher_logo.png" title="Dominique Dutscher" alt="Image of Dominique Dutscher Company Logo"/>
                            </div>
            <div class="action">acquired</div>
            <div class="company">
                                    <img class="object-fit" data-object-fit="contain" src="https://www.clearwaterinternational.com/assets/transaction_logos/_transactionLogo/AH-Diagnostics-logo.png" title="AH Diagnostics" alt="Image of AH Diagnostics Company Logo"/>
                            </div>
        </div>
        <div class="additional-info">
                        <div class="term">Buy-side</div>
            <div class="value">
                                                                                Undisclosed
                                                </div>

            <div class="tombstone-flip">
                <img src="/assets/img/tombstone-flip.svg" alt="View Back of Transaction">
            </div>
        </div>
    </div>
    <div class="back">
        <div class="transaction-header">
            Clearwater Advisers        </div>
        <div class="advisers">
            <ul>
                                    <li><a href="https://www.clearwaterinternational.com/team/jesper-agerholm">Jesper Agerholm</a></li>
                                    <li><a href="https://www.clearwaterinternational.com/team/rasmus-ostergaard">Rasmus Østergaard</a></li>
                            </ul>
        </div>
        <div class="advisor-info">
                                                    <p>Adviser to Dominique Dutscher on the acquisition of AH Diagnostics</p>
                                        <a class="btn btn-small btn-solid more" href="https://www.clearwaterinternational.com/transactions/clearwater-international-advises-dominique-dutscher-on-the-acquisition-of-ah-diagnostics">View more</a>
                    </div>
    </div>
</li>
                                                                                                            <li class="triple">
    <div class="front">
        <div class="transaction-header">
                        <ul class="sectors">
                                                        
                    <li>
                        <a href="https://www.clearwaterinternational.com/sectors/automotive" title="Automotive">
                            <svg class="icon icon-automotive" style="width: 45px; height: 45px; --color1: #fff; --color2: #fff;"><use xlink:href="#icon-automotive"></use></svg>
                        </a>
                    </li>
                            </ul>
                        <ul class="flag">
                <li><span class="flagHolder"><span title="Germany" class="flag-germany"></span></span></li>
            </ul>
        </div>
        <div class="transaction-detail">
            <div class="company">
                                    <img class="object-fit" data-object-fit="contain" src="https://www.clearwaterinternational.com/assets/transaction_logos/_transactionLogo/111171/Chinese-state-controlled-company-01.png" title="Chinese state-controlled company" alt="Image of Chinese state-controlled company Company Logo"/>
                            </div>
            <div class="action">sold</div>
            <div class="company">
                                    <img class="object-fit" data-object-fit="contain" src="https://www.clearwaterinternational.com/assets/transaction_logos/_transactionLogo/Innomotive.png" title="Innomotive Systems Hainichen GmbH" alt="Image of Innomotive Systems Hainichen GmbH Company Logo"/>
                            </div>
            <div class="action">to</div>
            <div class="company">
                                    <img class="object-fit" data-object-fit="contain" src="https://www.clearwaterinternational.com/assets/transaction_logos/_transactionLogo/111185/Mutares-Logo-01.png" title="Mutares SE &amp; Co. KGaA" alt="Image of Mutares SE &amp; Co. KGaA Company Logo"/>
                            </div>
        </div>
        <div class="additional-info">
                        <div class="term">Sell-side</div>
            <div class="value">
                                    Undisclosed
                            </div>

            <div class="tombstone-flip">
                <img src="/assets/img/tombstone-flip.svg" alt="View Back of Transaction">
            </div>
        </div>
    </div>
    <div class="back">
        <div class="transaction-header">
            Clearwater Advisers
        </div>
        <div class="advisers">
            <ul>
                                    <li><a href="https://www.clearwaterinternational.com/team/tobias-schaetzmueller">Tobias Schätzmüller</a></li>
                                    <li><a href="https://www.clearwaterinternational.com/team/oleg-artjuschkin">Oleg Artjuschkin</a></li>
                                    <li><a href="https://www.clearwaterinternational.com/team/fynn-bornat">Fynn Bornat</a></li>
                                    <li><a href="https://www.clearwaterinternational.com/team/barry-chen">Barry Chen</a></li>
                                    <li><a href="https://www.clearwaterinternational.com/team/angie-gao">Angie Gao</a></li>
                            </ul>
        </div>
        <div class="advisor-info">
                                                    <p>Adviser to a Chinese state-controlled company on the sale of Innomotive Systems Hainichen to Mutares</p>
                                        <a class="btn btn-small btn-solid more" href="https://www.clearwaterinternational.com/transactions/clearwater-international-advises-chinese-state-controlled-company-on-the-sale-of-innomotive-systems-hainichen-to-mutares">View more</a>
                    </div>
    </div>
</li>
                                                                                                            
<li>
    <div class="front">
        <div class="transaction-header">
                            <ul class="sectors">
                                                                    
                        <li>
                        <a href="https://www.clearwaterinternational.com/sectors/consumer" title="Consumer">
                            <svg class="icon icon-consumer" style="width: 45px; height: 45px; --color1: #fff; --color2: #fff;"><use xlink:href="#icon-consumer"></use></svg>
                        </a>
                    </li>
                                    </ul>
                        <ul class="flag">
                <li><span class="flagHolder"><span title="Denmark" class="flag-denmark"></span></span></li>
            </ul>
        </div>
        <div class="transaction-detail">
            <div class="company">
                                    <img class="object-fit" data-object-fit="contain" src="https://www.clearwaterinternational.com/assets/transaction_logos/_transactionLogo/NAKED.png" title="NAKED Copenhagen" alt="Image of NAKED Copenhagen Company Logo"/>
                            </div>
            <div class="action">sold to</div>
            <div class="company">
                                    <img class="object-fit" data-object-fit="contain" src="https://www.clearwaterinternational.com/assets/transaction_logos/_transactionLogo/Courir.png" title="Groupe Courir" alt="Image of Groupe Courir Company Logo"/>
                            </div>
        </div>
        <div class="additional-info">
                        <div class="term">Sell-side</div>
            <div class="value">
                                    Undisclosed
                            </div>

            <div class="tombstone-flip">
                <img src="/assets/img/tombstone-flip.svg" alt="View Back of Transaction">
            </div>
        </div>
    </div>
    <div class="back">
        <div class="transaction-header">
            Clearwater Advisers        </div>
        <div class="advisers">
            <ul>
                                    <li><a href="https://www.clearwaterinternational.com/team/lars-thorup-gregersen">Lars Thorup Gregersen</a></li>
                                    <li><a href="https://www.clearwaterinternational.com/team/josefine-radant">Josefine Radant</a></li>
                            </ul>
        </div>
        <div class="advisor-info">
                                                    <p>Adviser to NAKED Copenhagen on its sale to Groupe Courir SAS</p>
                                        <a class="btn btn-small btn-solid more" href="https://www.clearwaterinternational.com/transactions/clearwater-international-advises-naked-copenhagen-on-its-sale-to-courir">View more</a>
                    </div>
    </div>
</li>
                                                                                                            
<li>
    <div class="front">
        <div class="transaction-header">
                            <ul class="sectors">
                                                                    
                        <li>
                        <a href="https://www.clearwaterinternational.com/sectors/business-services" title="Business Services">
                            <svg class="icon icon-business-services" style="width: 45px; height: 45px; --color1: #fff; --color2: #fff;"><use xlink:href="#icon-business-services"></use></svg>
                        </a>
                    </li>
                                                                    
                        <li>
                        <a href="https://www.clearwaterinternational.com/sectors/tmt" title="TMT">
                            <svg class="icon icon-tmt" style="width: 45px; height: 45px; --color1: #fff; --color2: #fff;"><use xlink:href="#icon-tmt"></use></svg>
                        </a>
                    </li>
                                    </ul>
                        <ul class="flag">
                <li><span class="flagHolder"><span title="Germany" class="flag-germany"></span></span></li>
            </ul>
        </div>
        <div class="transaction-detail">
            <div class="company">
                                    <img class="object-fit" data-object-fit="contain" src="https://www.clearwaterinternational.com/assets/transaction_logos/_transactionLogo/Rednet.png" title="REDNET AG" alt="Image of REDNET AG Company Logo"/>
                            </div>
            <div class="action">sold to</div>
            <div class="company">
                                    <img class="object-fit" data-object-fit="contain" src="https://www.clearwaterinternational.com/assets/transaction_logos/_transactionLogo/110948/Converge_Technology_Solutions_Corp.png" title="Converge Technology Solutions Corp." alt="Image of Converge Technology Solutions Corp. Company Logo"/>
                            </div>
        </div>
        <div class="additional-info">
                        <div class="term">Sell-side</div>
            <div class="value">
                                    Undisclosed
                            </div>

            <div class="tombstone-flip">
                <img src="/assets/img/tombstone-flip.svg" alt="View Back of Transaction">
            </div>
        </div>
    </div>
    <div class="back">
        <div class="transaction-header">
            Clearwater Advisers        </div>
        <div class="advisers">
            <ul>
                                    <li><a href="https://www.clearwaterinternational.com/team/ralph-schmuecking">Ralph Schmücking</a></li>
                                    <li><a href="https://www.clearwaterinternational.com/team/axel-oltmann">Axel Oltmann</a></li>
                                    <li><a href="https://www.clearwaterinternational.com/team/maximilian-hammers">Maximilian Hammers</a></li>
                                    <li><a href="https://www.clearwaterinternational.com/team/philipp-holst">Philipp Holst</a></li>
                            </ul>
        </div>
        <div class="advisor-info">
                                                    <p>Adviser to the shareholder of REDNET on the sale to Converge Technology Solutions</p>
                                        <a class="btn btn-small btn-solid more" href="https://www.clearwaterinternational.com/transactions/clearwater-international-advises-the-shareholder-of-rednet-on-the-sale-to-converge-technology-solutions">View more</a>
                    </div>
    </div>
</li>
                                                                                                            
<li>
    <div class="front">
        <div class="transaction-header">
                            <ul class="sectors">
                                                                    
                        <li>
                        <a href="https://www.clearwaterinternational.com/sectors/industrials-and-chemicals" title="Industrials &amp; Chemicals">
                            <svg class="icon icon-industrials-and-chemicals" style="width: 45px; height: 45px; --color1: #fff; --color2: #fff;"><use xlink:href="#icon-industrials-and-chemicals"></use></svg>
                        </a>
                    </li>
                                    </ul>
                        <ul class="flag">
                <li><span class="flagHolder"><span title="UK" class="flag-united-kingdom"></span></span></li>
            </ul>
        </div>
        <div class="transaction-detail">
            <div class="company">
                                    <img class="object-fit" data-object-fit="contain" src="https://www.clearwaterinternational.com/assets/transaction_logos/_transactionLogo/110807/1590614239878.png" title="Etex" alt="Image of Etex Company Logo"/>
                            </div>
            <div class="action">acquired</div>
            <div class="company">
                                    <img class="object-fit" data-object-fit="contain" src="https://www.clearwaterinternational.com/assets/transaction_logos/_transactionLogo/sigmat-btfo.png" title="Sigmat" alt="Image of Sigmat Company Logo"/>
                            </div>
        </div>
        <div class="additional-info">
                        <div class="term">Buy-side</div>
            <div class="value">
                                                                                Undisclosed
                                                </div>

            <div class="tombstone-flip">
                <img src="/assets/img/tombstone-flip.svg" alt="View Back of Transaction">
            </div>
        </div>
    </div>
    <div class="back">
        <div class="transaction-header">
            Clearwater Advisers        </div>
        <div class="advisers">
            <ul>
                                    <li><a href="https://www.clearwaterinternational.com/team/phil-burns">Phil Burns</a></li>
                                    <li><a href="https://www.clearwaterinternational.com/team/michael-loudon">Michael Loudon</a></li>
                                    <li><a href="https://www.clearwaterinternational.com/team/james-croxen">James Croxen</a></li>
                                    <li><a href="https://www.clearwaterinternational.com/team/andrew-royle">Andrew Royle</a></li>
                            </ul>
        </div>
        <div class="advisor-info">
                                                    <p>Adviser to Etex on its acquisition of Sigmat</p>
                                        <a class="btn btn-small btn-solid more" href="https://www.clearwaterinternational.com/transactions/clearwater-international-advises-etex-on-its-acquisition-of-sigmat">View more</a>
                    </div>
    </div>
</li>
                                                                                                            
<li>
    <div class="front">
        <div class="transaction-header">
                            <ul class="sectors">
                                                                    
                        <li>
                        <a href="https://www.clearwaterinternational.com/sectors/automotive" title="Automotive">
                            <svg class="icon icon-automotive" style="width: 45px; height: 45px; --color1: #fff; --color2: #fff;"><use xlink:href="#icon-automotive"></use></svg>
                        </a>
                    </li>
                                    </ul>
                        <ul class="flag">
                <li><span class="flagHolder"><span title="Germany" class="flag-germany"></span></span></li>
            </ul>
        </div>
        <div class="transaction-detail">
            <div class="company">
                                    <img class="object-fit" data-object-fit="contain" src="https://www.clearwaterinternational.com/assets/transaction_logos/_transactionLogo/110844/Kopernikus-Automotive-495x321.png" title="Kopernikus" alt="Image of Kopernikus Company Logo"/>
                            </div>
            <div class="action">received investment from</div>
            <div class="company">
                                    <img class="object-fit" data-object-fit="contain" src="https://www.clearwaterinternational.com/assets/transaction_logos/_transactionLogo/800px-Continental_AG_logo.svg.png" title="Continental" alt="Image of Continental Company Logo"/>
                            </div>
        </div>
        <div class="additional-info">
                        <div class="term">Sell-side</div>
            <div class="value">
                                                                                Undisclosed
                                                </div>

            <div class="tombstone-flip">
                <img src="/assets/img/tombstone-flip.svg" alt="View Back of Transaction">
            </div>
        </div>
    </div>
    <div class="back">
        <div class="transaction-header">
            Clearwater Advisers        </div>
        <div class="advisers">
            <ul>
                                    <li><a href="https://www.clearwaterinternational.com/team/tobias-schaetzmueller">Tobias Schätzmüller</a></li>
                                    <li><a href="https://www.clearwaterinternational.com/team/philipp-holst">Philipp Holst</a></li>
                            </ul>
        </div>
        <div class="advisor-info">
                                                    <p>Adviser to Kopernikus Automotive on the investment of a minority stake from Continental</p>
                                        <a class="btn btn-small btn-solid more" href="https://www.clearwaterinternational.com/transactions/clearwater-international-advises-kopernikus-automotive-on-the-investment-of-a-minority-stake-from-continental-ag">View more</a>
                    </div>
    </div>
</li>
                                                                                                            <li class="triple">
    <div class="front">
        <div class="transaction-header">
                        <ul class="sectors">
                                                        
                    <li>
                        <a href="https://www.clearwaterinternational.com/sectors/financial-services" title="Financial Services">
                            <svg class="icon icon-financial-services" style="width: 45px; height: 45px; --color1: #fff; --color2: #fff;"><use xlink:href="#icon-financial-services"></use></svg>
                        </a>
                    </li>
                            </ul>
                        <ul class="flag">
                <li><span class="flagHolder"><span title="UK" class="flag-united-kingdom"></span></span></li>
            </ul>
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        <div class="transaction-detail">
            <div class="company">
                                    <img class="object-fit" data-object-fit="contain" src="https://www.clearwaterinternational.com/assets/transaction_logos/_transactionLogo/107138/palatine.png" title="Palatine Private Equity" alt="Image of Palatine Private Equity Company Logo"/>
                            </div>
            <div class="action">and</div>
            <div class="company">
                                    <img class="object-fit" data-object-fit="contain" src="https://www.clearwaterinternational.com/assets/transaction_logos/_transactionLogo/Wren-Sterling-logo.png" title="Wren Sterling" alt="Image of Wren Sterling Company Logo"/>
                            </div>
            <div class="action">received sell-side debt advice to support its sale to</div>
            <div class="company">
                                    <img class="object-fit" data-object-fit="contain" src="https://www.clearwaterinternational.com/assets/transaction_logos/_transactionLogo/kDd6yGXwx5huIPhdD8jmSIBaeqi1598187040973_200x200.png" title="Lightyear Capital" alt="Image of Lightyear Capital Company Logo"/>
                            </div>
        </div>
        <div class="additional-info">
                        <div class="term">Debt Advisory</div>
            <div class="value">
                                                                                Undisclosed
                                                </div>

            <div class="tombstone-flip">
                <img src="/assets/img/tombstone-flip.svg" alt="View Back of Transaction">
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            Clearwater Advisers
        </div>
        <div class="advisers">
            <ul>
                                    <li><a href="https://www.clearwaterinternational.com/team/chris-smith">Chris Smith</a></li>
                                    <li><a href="https://www.clearwaterinternational.com/team/lachlan-dorrity">Lachlan Dorrity</a></li>
                                    <li><a href="https://www.clearwaterinternational.com/team/eleanor-pryse-hawkins">Eleanor Pryse-Hawkins</a></li>
                            </ul>
        </div>
        <div class="advisor-info">
                                                    <p>Adviser to Palatine and Wren Sterling to support its sale to Lighthouse Capital</p>
                                        <a class="btn btn-small btn-solid more" href="https://www.clearwaterinternational.com/transactions/clearwater-international-provides-sell-side-debt-advice-to-palatine-and-wren-sterling-to-support-its-successful-sale-process">View more</a>
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</li>
                                                                                                            <li class="triple">
    <div class="front">
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                        <ul class="sectors">
                                                        
                    <li>
                        <a href="https://www.clearwaterinternational.com/sectors/industrials-and-chemicals" title="Industrials &amp; Chemicals">
                            <svg class="icon icon-industrials-and-chemicals" style="width: 45px; height: 45px; --color1: #fff; --color2: #fff;"><use xlink:href="#icon-industrials-and-chemicals"></use></svg>
                        </a>
                    </li>
                            </ul>
                        <ul class="flag">
                <li><span class="flagHolder"><span title="Sweden" class="flag-sweden"></span></span></li>
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        <div class="transaction-detail">
            <div class="company">
                                    <img class="object-fit" data-object-fit="contain" src="https://www.clearwaterinternational.com/assets/transaction_logos/_transactionLogo/110231/Stena-Metall-logo.png" title="Stena Metall" alt="Image of Stena Metall Company Logo"/>
                            </div>
            <div class="action">sold</div>
            <div class="company">
                                    <img class="object-fit" data-object-fit="contain" src="https://www.clearwaterinternational.com/assets/transaction_logos/_transactionLogo/Stena-Components.png" title="Stena Components" alt="Image of Stena Components Company Logo"/>
                            </div>
            <div class="action">to</div>
            <div class="company">
                                    <img class="object-fit" data-object-fit="contain" src="https://www.clearwaterinternational.com/assets/transaction_logos/_transactionLogo/110232/Lazarus-logo.png" title="Lazarus Industriförvaltning" alt="Image of Lazarus Industriförvaltning Company Logo"/>
                            </div>
        </div>
        <div class="additional-info">
                        <div class="term">Sell-side</div>
            <div class="value">
                                    Undisclosed
                            </div>

            <div class="tombstone-flip">
                <img src="/assets/img/tombstone-flip.svg" alt="View Back of Transaction">
            </div>
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    <div class="back">
        <div class="transaction-header">
            Clearwater Advisers
        </div>
        <div class="advisers">
            <ul>
                                    <li><a href="https://www.clearwaterinternational.com/team/tomas-almgren">Tomas Almgren</a></li>
                                    <li><a href="https://www.clearwaterinternational.com/team/oscar-coster">Oscar Coster</a></li>
                                    <li><a href="https://www.clearwaterinternational.com/team/felicia-nordin">Felicia Nordin</a></li>
                            </ul>
        </div>
        <div class="advisor-info">
                                                    <p>Adviser to Stena Metall on the sale of Stena Components to Lazarus Industriförvaltning</p>
                                        <a class="btn btn-small btn-solid more" href="https://www.clearwaterinternational.com/transactions/clearwater-international-advises-stena-metall-on-the-sale-of-stena-components-to-lazarus-industriförvaltning">View more</a>
                    </div>
    </div>
</li>
                                                                                                            
<li>
    <div class="front">
        <div class="transaction-header">
                            <ul class="sectors">
                                                                    
                        <li>
                        <a href="https://www.clearwaterinternational.com/sectors/consumer" title="Consumer">
                            <svg class="icon icon-consumer" style="width: 45px; height: 45px; --color1: #fff; --color2: #fff;"><use xlink:href="#icon-consumer"></use></svg>
                        </a>
                    </li>
                                    </ul>
                        <ul class="flag">
                <li><span class="flagHolder"><span title="France" class="flag-france"></span></span></li>
            </ul>
        </div>
        <div class="transaction-detail">
            <div class="company">
                                    <img class="object-fit" data-object-fit="contain" src="https://www.clearwaterinternational.com/assets/transaction_logos/_transactionLogo/110110/idi-and-raise-impact-logo.png" title="IDI et Raise Impact" alt="Image of IDI et Raise Impact Company Logo"/>
                            </div>
            <div class="action">raised financing to support the acquisition of</div>
            <div class="company">
                                    <img class="object-fit" data-object-fit="contain" src="https://www.clearwaterinternational.com/assets/transaction_logos/_transactionLogo/110135/talis-education-group-650x650-300x300_2021-07-16-102301_wohy.png" title="Talis Education Group" alt="Image of Talis Education Group Company Logo"/>
                            </div>
        </div>
        <div class="additional-info">
                        <div class="term">Acquisition finance</div>
            <div class="value">
                                                                                Undisclosed
                                                </div>

            <div class="tombstone-flip">
                <img src="/assets/img/tombstone-flip.svg" alt="View Back of Transaction">
            </div>
        </div>
    </div>
    <div class="back">
        <div class="transaction-header">
            Clearwater Advisers        </div>
        <div class="advisers">
            <ul>
                                    <li><a href="https://www.clearwaterinternational.com/team/laurence-de-rosamel">Laurence de Rosamel</a></li>
                                    <li><a href="https://www.clearwaterinternational.com/team/marie-céleste-quacchia">Marie-Céleste Quacchia</a></li>
                            </ul>
        </div>
        <div class="advisor-info">
                                                    <p>Adviser to IdI and Raise Impact on the financing of Talis Education Group</p>
                                        <a class="btn btn-small btn-solid more" href="https://www.clearwaterinternational.com/transactions/clearwater-international-advises-idi-and-raise-impact-on-debt-financing-for-the-acquisition-of-the-talis-education-group">View more</a>
                    </div>
    </div>
</li>
                                                                                                            
<li>
    <div class="front">
        <div class="transaction-header">
                            <ul class="sectors">
                                                                    
                        <li>
                        <a href="https://www.clearwaterinternational.com/sectors/tmt" title="TMT">
                            <svg class="icon icon-tmt" style="width: 45px; height: 45px; --color1: #fff; --color2: #fff;"><use xlink:href="#icon-tmt"></use></svg>
                        </a>
                    </li>
                                    </ul>
                        <ul class="flag">
                <li><span class="flagHolder"><span title="Italy" class="flag-italy"></span></span></li>
            </ul>
        </div>
        <div class="transaction-detail">
            <div class="company">
                                    <img class="object-fit" data-object-fit="contain" src="https://www.clearwaterinternational.com/assets/transaction_logos/_transactionLogo/Alchimia-logo_new.png" title="Alchimia" alt="Image of Alchimia Company Logo"/>
                            </div>
            <div class="action">on the acquisition of a minority stake in</div>
            <div class="company">
                                    <img class="object-fit" data-object-fit="contain" src="https://www.clearwaterinternational.com/assets/transaction_logos/_transactionLogo/109049/DUDE-Originals-logo.png" title="DUDE :Originals" alt="Image of DUDE :Originals Company Logo"/>
                            </div>
        </div>
        <div class="additional-info">
                        <div class="term">Buy-side</div>
            <div class="value">
                                                                                Undisclosed
                                                </div>

            <div class="tombstone-flip">
                <img src="/assets/img/tombstone-flip.svg" alt="View Back of Transaction">
            </div>
        </div>
    </div>
    <div class="back">
        <div class="transaction-header">
            Clearwater Advisers        </div>
        <div class="advisers">
            <ul>
                                    <li><a href="https://www.clearwaterinternational.com/team/andrea-pagilara">Andrea Pagliara</a></li>
                                    <li><a href="https://www.clearwaterinternational.com/team/silvia-stricchi">Silvia Stricchi</a></li>
                            </ul>
        </div>
        <div class="advisor-info">
                                                    <p>Adviser to Alchimia in the acquisition of a minority stake through capital increase of Dude :Originals</p>
                                        <a class="btn btn-small btn-solid more" href="https://www.clearwaterinternational.com/transactions/clearwater-international-advises-alchimia-s-p-a-on-the-acquisition-of-a-minority-stake-in-dude-originals">View more</a>
                    </div>
    </div>
</li>
                                                                                                            
<li>
    <div class="front">
        <div class="transaction-header">
                            <ul class="sectors">
                                                                    
                        <li>
                        <a href="https://www.clearwaterinternational.com/sectors/financial-services" title="Financial Services">
                            <svg class="icon icon-financial-services" style="width: 45px; height: 45px; --color1: #fff; --color2: #fff;"><use xlink:href="#icon-financial-services"></use></svg>
                        </a>
                    </li>
                                    </ul>
                        <ul class="flag">
                <li><span class="flagHolder"><span title="Spain" class="flag-spain"></span></span></li>
            </ul>
        </div>
        <div class="transaction-detail">
            <div class="company">
                                    <img class="object-fit" data-object-fit="contain" src="https://www.clearwaterinternational.com/assets/transaction_logos/_transactionLogo/109286/Miura-Partners-logo.png" title="Miura Partners" alt="Image of Miura Partners Company Logo"/>
                            </div>
            <div class="action">acquired</div>
            <div class="company">
                                    <img class="object-fit" data-object-fit="contain" src="https://www.clearwaterinternational.com/assets/transaction_logos/_transactionLogo/Banasegur-logo.png" title="Banasegur Group" alt="Image of Banasegur Group Company Logo"/>
                            </div>
        </div>
        <div class="additional-info">
                        <div class="term">Buy-side</div>
            <div class="value">
                                                                                Undisclosed
                                                </div>

            <div class="tombstone-flip">
                <img src="/assets/img/tombstone-flip.svg" alt="View Back of Transaction">
            </div>
        </div>
    </div>
    <div class="back">
        <div class="transaction-header">
            Clearwater Advisers        </div>
        <div class="advisers">
            <ul>
                                    <li><a href="https://www.clearwaterinternational.com/team/javier-perez-farguell">Javier Perez Farguell</a></li>
                                    <li><a href="https://www.clearwaterinternational.com/team/claudia-sánchez-2">Claudia Sánchez</a></li>
                            </ul>
        </div>
        <div class="advisor-info">
                                                    <p>Adviser to Miura Partners on its acquisition of Banasegur Group</p>
                                        <a class="btn btn-small btn-solid more" href="https://www.clearwaterinternational.com/transactions/clearwater-international-advises-miura-partners-on-the-acquisition-of-the-banasegur-group">View more</a>
                    </div>
    </div>
</li>
                                                                                                            
<li>
    <div class="front">
        <div class="transaction-header">
                            <ul class="sectors">
                                                                    
                        <li>
                        <a href="https://www.clearwaterinternational.com/sectors/business-services" title="Business Services">
                            <svg class="icon icon-business-services" style="width: 45px; height: 45px; --color1: #fff; --color2: #fff;"><use xlink:href="#icon-business-services"></use></svg>
                        </a>
                    </li>
                                    </ul>
                        <ul class="flag">
                <li><span class="flagHolder"><span title="France" class="flag-france"></span></span></li>
            </ul>
        </div>
        <div class="transaction-detail">
            <div class="company">
                                    <img class="object-fit" data-object-fit="contain" src="https://www.clearwaterinternational.com/assets/transaction_logos/_transactionLogo/109284/Cogepart.png" title="Cogepart" alt="Image of Cogepart Company Logo"/>
                            </div>
            <div class="action">acquired</div>
            <div class="company">
                                    <img class="object-fit" data-object-fit="contain" src="https://www.clearwaterinternational.com/assets/transaction_logos/_transactionLogo/109271/Fréjus-Courses-Services.png.png" title="Fréjus Courses Services" alt="Image of Fréjus Courses Services Company Logo"/>
                            </div>
        </div>
        <div class="additional-info">
                        <div class="term">Buy-side</div>
            <div class="value">
                                    Undisclosed
                            </div>

            <div class="tombstone-flip">
                <img src="/assets/img/tombstone-flip.svg" alt="View Back of Transaction">
            </div>
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    <div class="back">
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            Clearwater Advisers        </div>
        <div class="advisers">
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                            </ul>
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        <div class="advisor-info">
                                                    <p>Adviser to the shareholders of Cogepart on the acquisition of Fréjus Courses Services</p>
                                        <a class="btn btn-small btn-solid more" href="https://www.clearwaterinternational.com/transactions/clearwater-international-advises-cogepart-group-on-the-acquisition-of-fréjus-courses-services">View more</a>
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