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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>
    <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="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">invested in</div>
            <div class="company">
                                    <img class="object-fit" data-object-fit="contain" src="https://www.clearwaterinternational.com/assets/transaction_logos/_transactionLogo/107139/Routes.png" title="Routes Healthcare" alt="Image of Routes Healthcare 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/richard-goldsack">Richard Goldsack</a></li>
                                    <li><a href="https://www.clearwaterinternational.com/team/ramesh-jassal">Ramesh Jassal</a></li>
                                    <li><a href="https://www.clearwaterinternational.com/team/james-croxen">James Croxen</a></li>
                                    <li><a href="https://www.clearwaterinternational.com/team/john-haygarth">John Haygarth</a></li>
                            </ul>
        </div>
        <div class="advisor-info">
                                                    <p>Adviser to Palatine Private Equity on its investment in Routes Healthcare</p>
                                        <a class="btn btn-small btn-solid more" href="https://www.clearwaterinternational.com/transactions/clearwater-international-advises-palatine-on-its-investment-in-routes-healthcare">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="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/motion-equity-partners-logo.png" title="Motion Equity Partners" alt="Image of Motion Equity Partners Company Logo"/>
                            </div>
            <div class="action">on the acquisition of</div>
            <div class="company">
                                    <img class="object-fit" data-object-fit="contain" src="https://www.clearwaterinternational.com/assets/transaction_logos/_transactionLogo/Résilians.png" title="Resilians" alt="Image of Resilians Company Logo"/>
                            </div>
            <div class="action">from</div>
            <div class="company">
                                    <img class="object-fit" data-object-fit="contain" src="https://www.clearwaterinternational.com/assets/transaction_logos/_transactionLogo/weinberg-capital-partners.png" title="Weinberg Capital Partners" alt="Image of Weinberg Capital Partners 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/benjamin-zayat">Benjamin Zayat</a></li>
                                    <li><a href="https://www.clearwaterinternational.com/team/guillaume-fenni">Guillaume Fenni</a></li>
                                    <li><a href="https://www.clearwaterinternational.com/team/victor-le-breton">Victor Le Breton</a></li>
                                    <li><a href="https://www.clearwaterinternational.com/team/adrien-tordeur">Adrien Tordeur</a></li>
                            </ul>
        </div>
        <div class="advisor-info">
                                                    <p>Adviser to Motion Equity Partners on the acquisition of a majority stake in Résilians from Weinberg Capital Partners</p>
                                        <a class="btn btn-small btn-solid more" href="https://www.clearwaterinternational.com/transactions/clearwater-international-advises-motion-equity-partners-on-the-acquisition-of-a-majority-stake-in-résilians-from-weinberg-capital-partners">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="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/Ecochange-1.png" title="Ecochange" alt="Image of Ecochange 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/storskogen.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/oscar-coster">Oscar Coster</a></li>
                                    <li><a href="https://www.clearwaterinternational.com/team/david-hammarström">David Hammarström</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 Ecochange on its sale to Storskogen</p>
                                        <a class="btn btn-small btn-solid more" href="https://www.clearwaterinternational.com/transactions/clearwater-international-advises-ecochange-on-its-sale-to-storskogen">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="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/Licata-1.png" title="Licata" alt="Image of Licata Company Logo"/>
                            </div>
            <div class="action">on its debt rescheduling</div>
            <div class="company">
                            </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/alexandre-perrucci">Alexandre Perrucci</a></li>
                            </ul>
        </div>
        <div class="advisor-info">
                                                    <p>Adviser to Licata on its debt rescheduling</p>
                                        <a class="btn btn-small btn-solid more" href="https://www.clearwaterinternational.com/transactions/clearwater-international-advises-licata-on-its-debt-restructuring-and-rescheduling">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="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/Brodernas-logo.png" title="Brödernas" alt="Image of Brödernas 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/Litorina-logo.png" title="Litorina" alt="Image of Litorina 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/oscar-coster">Oscar Coster</a></li>
                                    <li><a href="https://www.clearwaterinternational.com/team/niclas-nyqvist">Niclas Nyqvist</a></li>
                            </ul>
        </div>
        <div class="advisor-info">
                                                    <p>Adviser to Brödernas on its sale to Litorina</p>
                                        <a class="btn btn-small btn-solid more" href="https://www.clearwaterinternational.com/transactions/clearwater-international-advises-brödernas-on-its-sale-to-litorina">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/106868/Airedale.png" title="Airedale Catering Equipment Group" alt="Image of Airedale Catering Equipment Group 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/bizoqpeofuwtpfjbtoae.png" title="Rubicon Partners" alt="Image of Rubicon 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/richard-goldsack">Richard Goldsack</a></li>
                                    <li><a href="https://www.clearwaterinternational.com/team/james-croxen">James Croxen</a></li>
                                    <li><a href="https://www.clearwaterinternational.com/team/zack-goddard">Zack Goddard</a></li>
                                    <li><a href="https://www.clearwaterinternational.com/team/john-haygarth">John Haygarth</a></li>
                                    <li><a href="https://www.clearwaterinternational.com/team/andrew-hatch">Andrew Hatch</a></li>
                            </ul>
        </div>
        <div class="advisor-info">
                                                    <p>Adviser to Airedale Catering Equipment Group on its majority sale to Rubicon Partners</p>
                                        <a class="btn btn-small btn-solid more" href="https://www.clearwaterinternational.com/transactions/clearwater-international-advises-airedale-catering-equipment-group-on-its-majority-sale-to-rubicon-partners">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/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="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/106863/Primonial-logo-new.png" title="Primonial REIM" alt="Image of Primonial REIM Company Logo"/>
                            </div>
            <div class="action">acquired a portfolio of campsites operated by</div>
            <div class="company">
                                    <img class="object-fit" data-object-fit="contain" src="https://www.clearwaterinternational.com/assets/transaction_logos/_transactionLogo/Vacanselect-1.png" title="Vacanselect" alt="Image of Vacanselect 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/laurent-camilli">Laurent Camilli</a></li>
                                    <li><a href="https://www.clearwaterinternational.com/team/julien-choppin">Julien Choppin</a></li>
                                    <li><a href="https://www.clearwaterinternational.com/team/guillaume-fenni">Guillaume Fenni</a></li>
                                    <li><a href="https://www.clearwaterinternational.com/team/victor-le-breton">Victor Le Breton</a></li>
                            </ul>
        </div>
        <div class="advisor-info">
                                                    <p>Adviser to Primonial REIM on the acquisition of a portfolio of campsites operated by Vacanceselect</p>
                                        <a class="btn btn-small btn-solid more" href="https://www.clearwaterinternational.com/transactions/clearwater-international-advises-primonial-reim-on-the-acquisition-of-a-portfolio-of-campsites-operated-by-vacanceselect">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/106816/H_T-Group.png" title="Heitkamp &amp; Thumann" alt="Image of Heitkamp &amp; Thumann 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/Westfalia.png" title="Westfalia Metal Components" alt="Image of Westfalia Metal 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/Vollmann.png" title="Vollmann Group" alt="Image of Vollmann 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/tobias-schaetzmueller">Tobias Schätzmüller</a></li>
                                    <li><a href="https://www.clearwaterinternational.com/team/pierre-knoche">Pierre Knoche</a></li>
                                    <li><a href="https://www.clearwaterinternational.com/team/mergim-tashefci">Mergim Tashefci</a></li>
                            </ul>
        </div>
        <div class="advisor-info">
                                                    <p>Adviser to Heitkamp &amp; Thumann on the sale of Westfalia Metal Components to Vollmann Group</p>
                                        <a class="btn btn-small btn-solid more" href="https://www.clearwaterinternational.com/transactions/clearwater-international-advises-heitkamp-thumann-group-on-the-sale-of-westfalia-metal-components-to-vollmann-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="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/federation-entertainment-logo_2020-10-15-151104.png" title="Federation Entertainment" alt="Image of Federation Entertainment Company Logo"/>
                            </div>
            <div class="action">on its investment from</div>
            <div class="company">
                                    <img class="object-fit" data-object-fit="contain" src="https://www.clearwaterinternational.com/assets/transaction_logos/_transactionLogo/Montefiore-logo.png" title="Montefiore" alt="Image of Montefiore 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/thomas-gaucher">Thomas Gaucher</a></li>
                                    <li><a href="https://www.clearwaterinternational.com/team/aubert-simonnot">Aubert Simonnot</a></li>
                                    <li><a href="https://www.clearwaterinternational.com/team/alice-boutant">Alice Boutant</a></li>
                            </ul>
        </div>
        <div class="advisor-info">
                                                    <p>Adviser to Federation Entertainment on its investment from Montefiore</p>
                                        <a class="btn btn-small btn-solid more" href="https://www.clearwaterinternational.com/transactions/clearwater-international-advises-federation-entertainment-on-its-investment-from-montefiore-to-support-growth">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="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/PRIMA-logo.png" title="Prima" alt="Image of Prima 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/Lideta-logo.png" title="Lideta" alt="Image of Lideta 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/david-hammarström">David Hammarström</a></li>
                                    <li><a href="https://www.clearwaterinternational.com/team/felix-hansson">Felix Hansson</a></li>
                            </ul>
        </div>
        <div class="advisor-info">
                                                    <p>Adviser to  PRIMA on its majority sale to Lideta</p>
                                        <a class="btn btn-small btn-solid more" href="https://www.clearwaterinternational.com/transactions/clearwater-international-advises-prima-on-its-majority-sale-to-lideta">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/energy-and-utilities" title="Energy &amp; Utilities">
                            <svg class="icon icon-energy-and-utilities" style="width: 45px; height: 45px; --color1: #fff; --color2: #fff;"><use xlink:href="#icon-energy-and-utilities"></use></svg>
                        </a>
                    </li>
                                    </ul>
                        <ul class="flag">
                <li><span class="flagHolder"><span title="Portugal" class="flag-portugal"></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/saurp-280@2x.png" title="Saur International" alt="Image of Saur International 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/106765/Aquapor-1.png" title="Aquapor" alt="Image of Aquapor 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/jose-lemos">José Lemos</a></li>
                            </ul>
        </div>
        <div class="advisor-info">
                                                    <p>Adviser to Saur International on the acquisition of Aquapor</p>
                                        <a class="btn btn-small btn-solid more" href="https://www.clearwaterinternational.com/transactions/clearwater-international-has-advised-saur-on-its-acquisition-of-aquapor">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="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/Picture11.png" title="Orbital Internet Group" alt="Image of Orbital Internet Group Company Logo"/>
                            </div>
            <div class="action">on its investment from</div>
            <div class="company">
                                    <img class="object-fit" data-object-fit="contain" src="https://www.clearwaterinternational.com/assets/transaction_logos/_transactionLogo/106660/MobeusLogo.png" title="Mobeus" alt="Image of Mobeus 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/wesley-fell-smith">Wesley Fell-Smith</a></li>
                                    <li><a href="https://www.clearwaterinternational.com/team/finn-odriscoll">Finn O&#039;Driscoll</a></li>
                                    <li><a href="https://www.clearwaterinternational.com/team/james-walker">James Walker</a></li>
                            </ul>
        </div>
        <div class="advisor-info">
                                                    <p>Adviser to Orbital Internet Group on its investment from Mobeus</p>
                                        <a class="btn btn-small btn-solid more" href="https://www.clearwaterinternational.com/transactions/clearwater-international-advises-orbital-internet-group-on-its-investment-from-mobeus">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/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/GCP.png" title="Growth Capital Partners" alt="Image of Growth Capital Partners 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/HSBC-1.png" title="HSBC" alt="Image of HSBC Company Logo"/>
                            </div>
            <div class="action">to finance</div>
            <div class="company">
                                    <img class="object-fit" data-object-fit="contain" src="https://www.clearwaterinternational.com/assets/transaction_logos/_transactionLogo/106544/1610549888726.png" title="GTS Flexible Materials" alt="Image of GTS Flexible Materials Company Logo"/>
                            </div>
        </div>
        <div class="additional-info">
                        <div class="term">Refinancing</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/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 Growth Capital Partners on raising debt facilities from HSBC to finance GTS Flexible Materials</p>
                                        <a class="btn btn-small btn-solid more" href="https://www.clearwaterinternational.com/transactions/clearwater-international-advises-gts-on-refinancing-to-support-growth">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="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/accent-logo.png" title="Accent" alt="Image of Accent 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/Hoist-2.png" title="Hoist" alt="Image of Hoist 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/Advent-logo.png" title="Advent" alt="Image of Advent 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/andreas-klavebäck">Andreas Klavebäck</a></li>
                            </ul>
        </div>
        <div class="advisor-info">
                                                    <p>Adviser to Accent Equity on the sale of Hoist Group to Advent International</p>
                                        <a class="btn btn-small btn-solid more" href="https://www.clearwaterinternational.com/transactions/clearwater-international-advises-accent-equity-on-the-sale-of-hoist-group-to-advent-international">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="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/106418/Vigo-Health-2.png" title="Vigo Health" alt="Image of Vigo Health 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/106391/Irish-Life-logo-1.png" title="Irish Life" alt="Image of Irish Life 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>
                            </ul>
        </div>
        <div class="advisor-info">
                                                    <p>Adviser to VIGO Health on its investment from Irish Life Group</p>
                                        <a class="btn btn-small btn-solid more" href="https://www.clearwaterinternational.com/transactions/clearwater-international-advises-vigo-health-on-its-investment-from-irish-life-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/Aarke.png" title="Aarke" alt="Image of Aarke 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/Altor-logo.png" title="Altor" alt="Image of Altor 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/martin-agerup">Martin Agerup</a></li>
                            </ul>
        </div>
        <div class="advisor-info">
                                                    <p>Adviser to Aarke on its sale to Altor</p>
                                        <a class="btn btn-small btn-solid more" href="https://www.clearwaterinternational.com/transactions/clearwater-international-advises-aarke-on-its-sale-to-altor">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="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/Billwerk.png" title="billwerk" alt="Image of billwerk 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/PSG.png" title="PSG" alt="Image of PSG 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/axel-oltmann">Axel Oltmann</a></li>
                                    <li><a href="https://www.clearwaterinternational.com/team/christopher-herzog">Christopher Herzog</a></li>
                                    <li><a href="https://www.clearwaterinternational.com/team/nils-grallert">Nils Grallert</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 shareholders of billwerk on its sale to Providence Strategic Growth Capital Partners</p>
                                        <a class="btn btn-small btn-solid more" href="https://www.clearwaterinternational.com/transactions/clearwater-international-advises-billwerk-on-its-sale-to-psg">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="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/Welltel-logo.png" title="Welltel" alt="Image of Welltel 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/Strencom.png" title="Strencom" alt="Image of Strencom 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/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 Welltel on its acquisition of Strencom</p>
                                        <a class="btn btn-small btn-solid more" href="https://www.clearwaterinternational.com/transactions/clearwater-international-advises-welltel-on-its-acquisition-of-strencom">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/NCI-Turenne-Amundi-logos-3.png" title="NCI, Amundi, Turenne" alt="Image of NCI, Amundi, Turenne 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/105102/Didactic.png" title="Didactic" alt="Image of Didactic 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/FCDE-logo.png" title="FCDE" alt="Image of FCDE 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>
                                    <li><a href="https://www.clearwaterinternational.com/team/sophie-lerond">Sophie Lerond</a></li>
                                    <li><a href="https://www.clearwaterinternational.com/team/félix-hedde">Félix Hedde</a></li>
                            </ul>
        </div>
        <div class="advisor-info">
                                                    <p>Adviser to the shareholders of Didactic on the sale of a majority stake of the Group to FCDE</p>
                                        <a class="btn btn-small btn-solid more" href="https://www.clearwaterinternational.com/transactions/clearwater-international-has-advised-the-shareholders-of-didactic-on-the-sale-of-a-majority-stake-in-the-group-to-fcde">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/Cooee-logo.png" title="Cooee Design" alt="Image of Cooee Design 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/Altor-logo.png" title="Altor and Network of Design" alt="Image of Altor and Network of Design 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/anton-truvé">Anton Truvé</a></li>
                                    <li><a href="https://www.clearwaterinternational.com/team/niclas-nyqvist">Niclas Nyqvist</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 Cooee Design on its sale to Altor and Network of Design</p>
                                        <a class="btn btn-small btn-solid more" href="https://www.clearwaterinternational.com/transactions/clearwater-international-advises-cooee-design-on-its-sale-to-altor-and-network-of-design">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="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/HorizonCF.png" title="Horizone backed Churches Fire &amp; Security" alt="Image of Horizone backed Churches Fire &amp; Security Company Logo"/>
                            </div>
            <div class="action">raised finance from</div>
            <div class="company">
                                    <img class="object-fit" data-object-fit="contain" src="https://www.clearwaterinternational.com/assets/transaction_logos/_transactionLogo/lenders-all_2.png" title="HSBC UK Bank, HSBC Asset Management, NorthLeaf Capital and Siemens Bank" alt="Image of HSBC UK Bank, HSBC Asset Management, NorthLeaf Capital and Siemens Bank Company Logo"/>
                            </div>
        </div>
        <div class="additional-info">
                        <div class="term">Refinancing</div>
            <div class="value">
                                                                                €88m
                                                </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/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 Horizon-backed Churches Fire &amp; Security on raising finance from HSBC UK Bank, HSBC Asset Management, NorthLeaf Capital and Siemens Bank</p>
                                        <a class="btn btn-small btn-solid more" href="https://www.clearwaterinternational.com/transactions/clearwater-international-advises-churches-fire-security-on-refinancing-to-support-acquisitive-growth">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="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/OneLook-Systems.png" title="OneLook Systems" alt="Image of OneLook Systems 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/Velocity-EHS.png" title="Velocity EHS" alt="Image of Velocity EHS 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-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/john-devine">John Devine</a></li>
                            </ul>
        </div>
        <div class="advisor-info">
                                                    <p>Adviser to OneLook Systems on its sale to VelocityEHS</p>
                                        <a class="btn btn-small btn-solid more" href="https://www.clearwaterinternational.com/transactions/clearwater-international-advises-onelook-systems-on-its-sale-to-velocityehs">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="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/Industri-udvkling-logo.png" title="Industri Udvikling" alt="Image of Industri Udvikling 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/Maki.png" title="Maki" alt="Image of Maki 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/capidea_logo.png" title="Capidea" alt="Image of Capidea 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/jakob-tolstrup-kristensen">Jakob Tolstrup Kristensen</a></li>
                                    <li><a href="https://www.clearwaterinternational.com/team/mads-hojdahl-kristensen">Mads Højdahl Kristensen</a></li>
                                    <li><a href="https://www.clearwaterinternational.com/team/allan-pedersen">Allan John Pedersen</a></li>
                                    <li><a href="https://www.clearwaterinternational.com/team/lars-rau-jacobsen">Lars Rau Jacobsen</a></li>
                            </ul>
        </div>
        <div class="advisor-info">
                                                    <p>Adviser to the owners of Maki on the sale to Capidea</p>
                                        <a class="btn btn-small btn-solid more" href="https://www.clearwaterinternational.com/transactions/clearwater-international-advises-maki-on-its-sale-to-capidea">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/Stronger-logo.png" title="Stronger" alt="Image of Stronger 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/Polaris.png" title="Polaris" alt="Image of Polaris 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/martin-agerup">Martin Agerup</a></li>
                                    <li><a href="https://www.clearwaterinternational.com/team/henrik-falkenby">Henrik Falkenby</a></li>
                                    <li><a href="https://www.clearwaterinternational.com/team/fransiska-aspegrén">Fransiska Aspegrén</a></li>
                            </ul>
        </div>
        <div class="advisor-info">
                                                    <p>Adviser to Stronger on its sale to Polaris</p>
                                        <a class="btn btn-small btn-solid more" href="https://www.clearwaterinternational.com/transactions/clearwater-international-advises-stronger-on-its-sale-to-polaris">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/BGF-logo.png" title="BGF" alt="Image of BGF 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/104215/rebound-returns-2020.png" title="ReBOUND" alt="Image of ReBOUND 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/Reconomy-group-logo.png" title="Reconomy Group" alt="Image of Reconomy 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/phil-burns">Phil Burns</a></li>
                                    <li><a href="https://www.clearwaterinternational.com/team/carl-houghton">Carl Houghton</a></li>
                                    <li><a href="https://www.clearwaterinternational.com/team/richard-ellis">Richard Ellis</a></li>
                                    <li><a href="https://www.clearwaterinternational.com/team/finn-odriscoll">Finn O&#039;Driscoll</a></li>
                                    <li><a href="https://www.clearwaterinternational.com/team/kirsty-handley">Kirsty Handley</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 BGF and the shareholders of ReBOUND on its sale to Reconomy Group</p>
                                        <a class="btn btn-small btn-solid more" href="https://www.clearwaterinternational.com/transactions/clearwater-international-advises-rebound-on-its-sale-to-reconomy">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/Apo-IT-Web-Apo.png" title="Apo-IT Aps and Web Apo Aps" alt="Image of Apo-IT Aps and Web Apo Aps 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/104180/Matas-lg.png" title="Matas" alt="Image of Matas 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/jakob-tolstrup-kristensen">Jakob Tolstrup Kristensen</a></li>
                                    <li><a href="https://www.clearwaterinternational.com/team/mads-hojdahl-kristensen">Mads Højdahl Kristensen</a></li>
                                    <li><a href="https://www.clearwaterinternational.com/team/louise-normann">Louise Kamilla Normann</a></li>
                            </ul>
        </div>
        <div class="advisor-info">
                                                    <p>Adviser to Apo-IT Aps and Web-Apo Aps on the sale to Matas</p>
                                        <a class="btn btn-small btn-solid more" href="https://www.clearwaterinternational.com/transactions/clearwater-international-advises-apo-it-aps-and-web-apo-aps-on-the-sale-to-matas-firtal-group">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="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/Unilabs-logo.png" title="Unilabs" alt="Image of Unilabs Company Logo"/>
                            </div>
            <div class="action">sold its Italian subsidiary</div>
            <div class="company">
                                    <img class="object-fit" data-object-fit="contain" src="https://www.clearwaterinternational.com/assets/transaction_logos/_transactionLogo/Unilabs-Italia.png" title="Unilabs Italia" alt="Image of Unilabs Italia 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/Life-Brain.png" title="Life Brain" alt="Image of Life Brain 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/niccolo-querci">Niccolò Querci</a></li>
                                    <li><a href="https://www.clearwaterinternational.com/team/stefano-benasciutti">Stefano Benasciutti</a></li>
                            </ul>
        </div>
        <div class="advisor-info">
                                                    <p>Adviser to Unilabs on the sale of 100% of the share capital of Unilabs Italia Srl. to Lifebrain</p>
                                        <a class="btn btn-small btn-solid more" href="https://www.clearwaterinternational.com/transactions/clearwater-international-advises-unilabs-group-on-the-sale-of-100-of-the-share-capital-of-the-holding-unilabs-italia-s-r-l-to-lifebrain">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>
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                        <ul class="flag">
                <li><span class="flagHolder"><span title="Portugal" class="flag-portugal"></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/Firmo-logo.png" title="Firmo" alt="Image of Firmo 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/103743/Imagem2.png" title="Staples Portugal" alt="Image of Staples Portugal Company Logo"/>
                            </div>
        </div>
        <div class="additional-info">
                        <div class="term">Buy-side</div>
            <div class="value">
                                    Undisclosed
                            </div>

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                <img src="/assets/img/tombstone-flip.svg" alt="View Back of Transaction">
            </div>
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    </div>
    <div class="back">
        <div class="transaction-header">
            Clearwater Advisers        </div>
        <div class="advisers">
            <ul>
                                    <li><a href="https://www.clearwaterinternational.com/team/rui-miranda">Rui Miranda</a></li>
                                    <li><a href="https://www.clearwaterinternational.com/team/duarte-vaz">Duarte Vaz</a></li>
                            </ul>
        </div>
        <div class="advisor-info">
                                                                    <p>Adviser to
                                        Firmo
                                            on its acquisition of
                                                            Staples Portugal
                </p>
                                        <a class="btn btn-small btn-solid more" href="https://www.clearwaterinternational.com/transactions/clearwater-international-advises-firmo-on-its-acquisition-of-staples-portugal">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/3636/Naxicap.png" title="Naxicap Partners" alt="Image of Naxicap Partners Company Logo"/>
                            </div>
            <div class="action">acquired a majority stake in</div>
            <div class="company">
                                    <img class="object-fit" data-object-fit="contain" src="https://www.clearwaterinternational.com/assets/transaction_logos/_transactionLogo/103620/Lagarrigue.png" title="Lagarrigue Group" alt="Image of Lagarrigue Group Company Logo"/>
                            </div>
            <div class="action">from</div>
            <div class="company">
                                    <img class="object-fit" data-object-fit="contain" src="https://www.clearwaterinternational.com/assets/transaction_logos/_transactionLogo/103619/Ardian_2021-05-03-155526.png" title="Ardian Expansion" alt="Image of Ardian Expansion 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/benjamin-zayat">Benjamin Zayat</a></li>
                                    <li><a href="https://www.clearwaterinternational.com/team/laurence-de-rosamel">Laurence de Rosamel</a></li>
                                    <li><a href="https://www.clearwaterinternational.com/team/paul-assael">Paul Assaël</a></li>
                                    <li><a href="https://www.clearwaterinternational.com/team/marc-aurèle-taverna">Marc-Aurèle Taverna</a></li>
                                    <li><a href="https://www.clearwaterinternational.com/team/gregoire-houedry">Grégoire Houëdry</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 Naxicap on the  acquisition of a majority stake in Laguarrigue from Ardian</p>
                                        <a class="btn btn-small btn-solid more" href="https://www.clearwaterinternational.com/transactions/clearwater-international-advises-naxicap-partners-on-the-acquisition-of-a-majority-stake-in-the-lagarrigue-group-alongside-management-following-the-exit-of-ardian-expansion">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/103616/MAHLE-Logo.png" title="MAHLE Group" alt="Image of MAHLE Group Company Logo"/>
                            </div>
            <div class="action">corporate family rating assigned by</div>
            <div class="company">
                                    <img class="object-fit" data-object-fit="contain" src="https://www.clearwaterinternational.com/assets/transaction_logos/_transactionLogo/103617/Moodys-Logo.png" title="Moodys" alt="Image of Moodys Company Logo"/>
                            </div>
        </div>
        <div class="additional-info">
                        <div class="term">Rating 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/heinrich-kerstien">Dr. Heinrich Kerstien</a></li>
                                    <li><a href="https://www.clearwaterinternational.com/team/khalid-afras">Khalid Afras</a></li>
                                    <li><a href="https://www.clearwaterinternational.com/team/pierre-knoche">Pierre Knoche</a></li>
                            </ul>
        </div>
        <div class="advisor-info">
                                                    <p>Adviser to Mahle on a corporate family rating</p>
                                        <a class="btn btn-small btn-solid more" href="https://www.clearwaterinternational.com/transactions/clearwater-international-advises-mahle-group-on-its-inaugural-corporate-family-rating">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/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="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/Urban-campus.png" title="Urbancampus" alt="Image of Urbancampus Company Logo"/>
                            </div>
            <div class="action">has formed a strategic real estate partnership with</div>
            <div class="company">
                                    <img class="object-fit" data-object-fit="contain" src="https://www.clearwaterinternational.com/assets/transaction_logos/_transactionLogo/batipartlogo.png" title="Batipart" alt="Image of Batipart 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/laurent-camilli">Laurent Camilli</a></li>
                                    <li><a href="https://www.clearwaterinternational.com/team/victor-le-breton">Victor Le Breton</a></li>
                            </ul>
        </div>
        <div class="advisor-info">
                                                    <p>Adviser to Urban Campus on a strategic real estate partnership with Batipart</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="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/1386/DomusVi_181114_173808.png" title="DomusVi" alt="Image of DomusVi Company Logo"/>
                            </div>
            <div class="action">sold a portfolio of healthcare real estate assets to</div>
            <div class="company">
                                    <img class="object-fit" data-object-fit="contain" src="https://www.clearwaterinternational.com/assets/transaction_logos/_transactionLogo/Cofinimmo_lg.png" title="Cofinimmo" alt="Image of Cofinimmo 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/laurent-camilli">Laurent Camilli</a></li>
                                    <li><a href="https://www.clearwaterinternational.com/team/guillaume-fenni">Guillaume Fenni</a></li>
                                    <li><a href="https://www.clearwaterinternational.com/team/gregoire-houedry">Grégoire Houëdry</a></li>
                            </ul>
        </div>
        <div class="advisor-info">
                                                    <p>Adviser to DomusVi on the sale of a portfolio of healthcare real estate assets to Cofinimmo</p>
                                </div>
    </div>
</li>
                                                                    </ul>
                            </div>
        </div>

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