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        <option value="" selected>Sector</option>
            <option
                                value="40">
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        </option>
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                                value="41">
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                                value="42">
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    </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/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/trendhim_logo-002.png" title="Trendhim ApS" alt="Image of Trendhim 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/priveq_logo-003.png" title="Priveq Investment" alt="Image of Priveq Investment 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/lars-rau-jacobsen">Lars Rau Jacobsen</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/jens-holst-stevn">Jens Holst Stevn</a></li>
                            </ul>
        </div>
        <div class="advisor-info">
                                                    <p>Adviser to Trendhim ApS on its sale to Priveq Investment</p>
                                        <a class="btn btn-small btn-solid more" href="https://www.clearwaterinternational.com/transactions/clearwater-international-advises-trendhim-aps-on-its-sale-to-priveq-investment">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>
                                                        
                    <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/waterland.png" title="Waterland Private Equity" alt="Image of Waterland Private Equity Company Logo"/>
                            </div>
            <div class="action">raised debt finance from</div>
            <div class="company">
                                    <img class="object-fit" data-object-fit="contain" src="https://www.clearwaterinternational.com/assets/transaction_logos/_transactionLogo/78034/LGT-Capital-Partners.png" title="LGT Capital Partners" alt="Image of LGT Capital Partners Company Logo"/>
                            </div>
            <div class="action">to support the acquisition of</div>
            <div class="company">
                                    <img class="object-fit" data-object-fit="contain" src="https://www.clearwaterinternational.com/assets/transaction_logos/_transactionLogo/IMC.png" title="IMC Group" alt="Image of IMC Group Company Logo"/>
                            </div>
        </div>
        <div class="additional-info">
                        <div class="term">Acquisition finance</div>
            <div class="value">
                                    Undisclosed
                            </div>

            <div class="tombstone-flip">
                <img src="/assets/img/tombstone-flip.svg" alt="View Back of Transaction">
            </div>
        </div>
    </div>
    <div class="back">
        <div class="transaction-header">
            Clearwater Advisers
        </div>
        <div class="advisers">
            <ul>
                                    <li><a href="https://www.clearwaterinternational.com/team/tom-barnwell">Tom Barnwell</a></li>
                                    <li><a href="https://www.clearwaterinternational.com/team/mark-ward">Mark Ward</a></li>
                                    <li><a href="https://www.clearwaterinternational.com/team/dom-moir">Dom Moir</a></li>
                            </ul>
        </div>
        <div class="advisor-info">
                                                    <p>Adviser to Waterland Private Equity on raising debt finance from LGT Capital Partners to support the acquisition of imc group</p>
                                        <a class="btn btn-small btn-solid more" href="https://www.clearwaterinternational.com/transactions/clearwater-international-advises-waterland-private-equity-on-its-investment-in-imc-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/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/Strategic-advisory.png" title="Strategic Advisory" alt="Image of Strategic Advisory 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/welcomeatwork_logo.png" title="Welcome at work !" alt="Image of Welcome at work ! Company Logo"/>
                            </div>
        </div>
        <div class="additional-info">
                        <div class="term">Management 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/laurent-camilli">Laurent Camilli</a></li>
                            </ul>
        </div>
        <div class="advisor-info">
                                                    <p>Strategic advisory to Welcome at Work</p>
                                </div>
    </div>
</li>
                                                                                                            
<li>
    <div class="front">
        <div class="transaction-header">
                            <ul class="sectors">
                                                                    
                        <li>
                        <a href="https://www.clearwaterinternational.com/sectors/food-and-beverage" title="Food &amp; Beverage">
                            <svg class="icon icon-food-and-beverage" style="width: 45px; height: 45px; --color1: #fff; --color2: #fff;"><use xlink:href="#icon-food-and-beverage"></use></svg>
                        </a>
                    </li>
                                    </ul>
                        <ul class="flag">
                <li><span class="flagHolder"><span title="France" class="flag-france"></span></span></li>
            </ul>
        </div>
        <div class="transaction-detail">
            <div class="company">
                                    <img class="object-fit" data-object-fit="contain" src="https://www.clearwaterinternational.com/assets/transaction_logos/_transactionLogo/Logo-Cofigeo.png" title="Cofigeo" alt="Image of Cofigeo Company Logo"/>
                            </div>
            <div class="action">raised new equity finance and debt facilities from</div>
            <div class="company">
                                    <img class="object-fit" data-object-fit="contain" src="https://www.clearwaterinternational.com/assets/transaction_logos/_transactionLogo/Logo-Banques.png" title="Société Générale Capital Partenaires and Credit Trust (GSO Capital, IDIA Capital Investissement and NMP Développement)" alt="Image of Société Générale Capital Partenaires and Credit Trust (GSO Capital, IDIA Capital Investissement and NMP Développement) 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/philippe-guezenec">Philippe Guézenec</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/guillaume-fenni">Guillaume Fenni</a></li>
                                    <li><a href="https://www.clearwaterinternational.com/team/marie-cassola">Marie Cassola</a></li>
                                    <li><a href="https://www.clearwaterinternational.com/team/lea-joly">Léa Joly</a></li>
                                    <li><a href="https://www.clearwaterinternational.com/team/alexis-bellot">Alexis Bellot</a></li>
                            </ul>
        </div>
        <div class="advisor-info">
                                                    <p>Adviser to Cofigeo on raising new equity finance and debt facilities</p>
                                        <a class="btn btn-small btn-solid more" href="https://www.clearwaterinternational.com/transactions/clearwater-international-advises-the-cofigeo-group-on-its-new-funding-round-and-the-financing-of-its-future-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="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/93305/chequers-partenaires-logo.png" title="Chequers Capital" alt="Image of Chequers Capital Company Logo"/>
                            </div>
            <div class="action">raised unitranche financing to support the acquisition of</div>
            <div class="company">
                                    <img class="object-fit" data-object-fit="contain" src="https://www.clearwaterinternational.com/assets/transaction_logos/_transactionLogo/Jiliti.png" title="Jiliti (Ex EBC)" alt="Image of Jiliti (Ex EBC) Company Logo"/>
                            </div>
        </div>
        <div class="additional-info">
                        <div class="term">Acquisition finance</div>
            <div class="value">
                                    Undisclosed
                            </div>

            <div class="tombstone-flip">
                <img src="/assets/img/tombstone-flip.svg" alt="View Back of Transaction">
            </div>
        </div>
    </div>
    <div class="back">
        <div class="transaction-header">
            Clearwater Advisers        </div>
        <div class="advisers">
            <ul>
                                    <li><a href="https://www.clearwaterinternational.com/team/laurence-de-rosamel">Laurence de Rosamel</a></li>
                                    <li><a href="https://www.clearwaterinternational.com/team/paul-assael">Paul Assaël</a></li>
                                    <li><a href="https://www.clearwaterinternational.com/team/lea-joly">Léa Joly</a></li>
                                    <li><a href="https://www.clearwaterinternational.com/team/alexis-bellot">Alexis Bellot</a></li>
                            </ul>
        </div>
        <div class="advisor-info">
                                                    <p>Adviser to Chequers on the carve-out financing of EBC</p>
                                </div>
    </div>
</li>
                                                                                                            
<li>
    <div class="front">
        <div class="transaction-header">
                            <ul class="sectors">
                                                                    
                        <li>
                        <a href="https://www.clearwaterinternational.com/sectors/tmt" title="TMT">
                            <svg class="icon icon-tmt" style="width: 45px; height: 45px; --color1: #fff; --color2: #fff;"><use xlink:href="#icon-tmt"></use></svg>
                        </a>
                    </li>
                                    </ul>
                        <ul class="flag">
                <li><span class="flagHolder"><span title="Spain" class="flag-spain"></span></span></li>
            </ul>
        </div>
        <div class="transaction-detail">
            <div class="company">
                                    <img class="object-fit" data-object-fit="contain" src="https://www.clearwaterinternational.com/assets/transaction_logos/_transactionLogo/72131/GTI-logo-02.png" title="GTI Group" alt="Image of GTI 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/esprinet-logo-01.png" title="esprinet" alt="Image of esprinet Company Logo"/>
                            </div>
        </div>
        <div class="additional-info">
                        <div class="term">Sell-side</div>
            <div class="value">
                                                                                €33.8m
                                                </div>

            <div class="tombstone-flip">
                <img src="/assets/img/tombstone-flip.svg" alt="View Back of Transaction">
            </div>
        </div>
    </div>
    <div class="back">
        <div class="transaction-header">
            Clearwater Advisers        </div>
        <div class="advisers">
            <ul>
                                    <li><a href="https://www.clearwaterinternational.com/team/david-serra">David Serra</a></li>
                                    <li><a href="https://www.clearwaterinternational.com/team/vicente-orts">Vicente Orts</a></li>
                            </ul>
        </div>
        <div class="advisor-info">
                                                    <p>Adviser to GTI Group on its sale to Esprinet S.p.a.</p>
                                        <a class="btn btn-small btn-solid more" href="https://www.clearwaterinternational.com/transactions/clearwater-international-advises-gti-group-on-its-sale-to-esprinet-s-p-a">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="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/90934/Inflexion-logo.png" title="Inflexion" alt="Image of Inflexion 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/93970/Rosemont-Pharmaceuticals.png" title="Rosemont Pharmaceuticals" alt="Image of Rosemont Pharmaceuticals 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/Perrigo.png" title="Perrigo" alt="Image of Perrigo Company Logo"/>
                            </div>
        </div>
        <div class="additional-info">
                        <div class="term">Management 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/richard-goldsack">Richard Goldsack</a></li>
                                    <li><a href="https://www.clearwaterinternational.com/team/mark-gillingham">Mark Gillingham</a></li>
                            </ul>
        </div>
        <div class="advisor-info">
                                                    <p>Adviser to the management team of Rosemont Pharmaceuticals in respect of its acquisition by Inflexion from Perrigo</p>
                                        <a class="btn btn-small btn-solid more" href="https://www.clearwaterinternational.com/transactions/clearwater-international-advises-management-team-at-rosemont-pharmaceuticals-on-its-mbo-with-inflexion">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/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="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/Mieci-and-Evolve-logo.png" title="Mieci and Evolve" alt="Image of Mieci and Evolve Company Logo"/>
                            </div>
            <div class="action">sold majority stake to</div>
            <div class="company">
                                    <img class="object-fit" data-object-fit="contain" src="https://www.clearwaterinternational.com/assets/transaction_logos/_transactionLogo/70388/Snam-logo.png" title="Snam" alt="Image of Snam 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/alexandre-perrucci">Alexandre Perrucci</a></li>
                                    <li><a href="https://www.clearwaterinternational.com/team/alessandro-estatico">Alessandro Estatico</a></li>
                            </ul>
        </div>
        <div class="advisor-info">
                                                    <p>Adviser to the shareholders of Mieci SpA and Evolve Srl on the sale of a 70% stake to Snam</p>
                                        <a class="btn btn-small btn-solid more" href="https://www.clearwaterinternational.com/transactions/clearwater-international-advises-the-shareholders-of-mieci-and-evolve-on-the-sale-of-a-majority-stake-to-snam">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/2391/Waterland_181114_182500.png" title="Waterland Private Equity" alt="Image of Waterland Private Equity Company Logo"/>
                            </div>
            <div class="action">raised unitranche debt funding to support the acquisition and merger of</div>
            <div class="company">
                                    <img class="object-fit" data-object-fit="contain" src="https://www.clearwaterinternational.com/assets/transaction_logos/_transactionLogo/Direct-Gruppe-Binary-Beck-logos_all-vertical.png" title="Direkt Gruppe GmbH, Binary GmbH and Beck et al. GmbH" alt="Image of Direkt Gruppe GmbH, Binary GmbH and Beck et al. GmbH Company Logo"/>
                            </div>
        </div>
        <div class="additional-info">
                        <div class="term">Acquisition finance</div>
            <div class="value">
                                    Undisclosed
                            </div>

            <div class="tombstone-flip">
                <img src="/assets/img/tombstone-flip.svg" alt="View Back of Transaction">
            </div>
        </div>
    </div>
    <div class="back">
        <div class="transaction-header">
            Clearwater Advisers        </div>
        <div class="advisers">
            <ul>
                                    <li><a href="https://www.clearwaterinternational.com/team/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/özgür-büber">Özgür Büber</a></li>
                            </ul>
        </div>
        <div class="advisor-info">
                                                    <p>Adviser to Waterland Private Equity on raising finance to support the acquisition and merger of direkt gruppe, Binary and Beck et al.</p>
                                        <a class="btn btn-small btn-solid more" href="https://www.clearwaterinternational.com/transactions/clearwater-international-advises-waterland-private-equity-on-raising-finance-to-support-the-acquisition-and-merger-of-direkt-gruppe-binary-and-beck-et-al">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/Libratone-logo.png" title="Libratone" alt="Image of Libratone 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/57305/Logos-01.png" title="Consortium of Chinese investors" alt="Image of Consortium of Chinese investors 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/andreas-lauth-lauridsen">Andreas Lauth Lauridsen</a></li>
                                    <li><a href="https://www.clearwaterinternational.com/team/klaus-hansted">Klaus Hansted</a></li>
                                    <li><a href="https://www.clearwaterinternational.com/team/morten-bojesen">Morten Bojesen</a></li>
                                    <li><a href="https://www.clearwaterinternational.com/team/josefine-radant">Josefine Radant</a></li>
                            </ul>
        </div>
        <div class="advisor-info">
                                                    <p>Adviser to Libratone A/S on the sale of assets to a Chinese investor consortium</p>
                                        <a class="btn btn-small btn-solid more" href="https://www.clearwaterinternational.com/transactions/clearwater-international-advises-libratone-a-s-on-the-sale-of-assets-to-a-chinese-investor-consortium">View more</a>
                    </div>
    </div>
</li>
                                                                                                            <li class="triple">
    <div class="front">
        <div class="transaction-header">
                        <ul class="sectors">
                                                        
                    <li>
                        <a href="https://www.clearwaterinternational.com/sectors/consumer" title="Consumer">
                            <svg class="icon icon-consumer" style="width: 45px; height: 45px; --color1: #fff; --color2: #fff;"><use xlink:href="#icon-consumer"></use></svg>
                        </a>
                    </li>
                            </ul>
                        <ul class="flag">
                <li><span class="flagHolder"><span title="UK" class="flag-united-kingdom"></span></span></li>
            </ul>
        </div>
        <div class="transaction-detail">
            <div class="company">
                                    <img class="object-fit" data-object-fit="contain" src="https://www.clearwaterinternational.com/assets/transaction_logos/_transactionLogo/57305/Logos-01.png" title="Consortium of investors" alt="Image of Consortium of investors 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/Bridge-Farms.png" title="Bridge Farm" alt="Image of Bridge Farm 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/Sundial.png" title="Sundial Growers UK Ltd" alt="Image of Sundial Growers UK Ltd Company Logo"/>
                            </div>
        </div>
        <div class="additional-info">
                        <div class="term">Buy-side</div>
            <div class="value">
                                                                                €74m
                                                </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/gareth-iley">Gareth Iley</a></li>
                                    <li><a href="https://www.clearwaterinternational.com/team/karen-edwards">Karen Edwards</a></li>
                            </ul>
        </div>
        <div class="advisor-info">
                                                    <p>Adviser to David Ball, the former owner and CEO of Bridge Farm and current partner at Artemis Growth Partners, on the acquisition of the business from Sundial Growers</p>
                                        <a class="btn btn-small btn-solid more" href="https://www.clearwaterinternational.com/transactions/clearwater-international-advises-david-ball-the-former-owner-and-ceo-of-bridge-farm-and-current-partner-at-artemis-growth-partners-on-the-acquisition-of-the-business-from-sundial-growers">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="China" class="flag-china"></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/56583/ODFJELL-logo.png" title="Odfjell" alt="Image of Odfjell Company Logo"/>
                            </div>
            <div class="action">sold its equity holdings in Odfjell Terminals (Dalian) to</div>
            <div class="company">
                                    <img class="object-fit" data-object-fit="contain" src="https://www.clearwaterinternational.com/assets/transaction_logos/_transactionLogo/56585/vtti-logo.png" title="vvtti" alt="Image of vvtti 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/barry-chen">Barry Chen</a></li>
                            </ul>
        </div>
        <div class="advisor-info">
                                                    <p>Adviser to Odfjell on the sale of its equity holdings in Odfjell Terminals (Dalian) to Vtti BV</p>
                                </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="China" class="flag-china"></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/56592/BD-logo_test1.png" title="BD" alt="Image of BD Company Logo"/>
                            </div>
            <div class="action">acquired infusion assets from</div>
            <div class="company">
                                    <img class="object-fit" data-object-fit="contain" src="https://www.clearwaterinternational.com/assets/transaction_logos/_transactionLogo/56581/Pengyao-Pharmaceutical-logo.png" title="Pengyao Pharmaceutical" alt="Image of Pengyao Pharmaceutical 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/barry-chen">Barry Chen</a></li>
                            </ul>
        </div>
        <div class="advisor-info">
                                                    <p>Adviser to BD on the acquisition of infusion assets from Pengyao Pharmaceutical</p>
                                </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="China" class="flag-china"></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/BWI-logo.png" title="BWI" alt="Image of BWI Company Logo"/>
                            </div>
            <div class="action">Received investment from a consortium led by</div>
            <div class="company">
                                    <img class="object-fit" data-object-fit="contain" src="https://www.clearwaterinternational.com/assets/transaction_logos/_transactionLogo/Walden-International-logo.png" title="Walden International" alt="Image of Walden International Company Logo"/>
                            </div>
        </div>
        <div class="additional-info">
                        <div class="term">Sell-side</div>
            <div class="value">
                                                                                €315m
                                                </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/barry-chen">Barry Chen</a></li>
                            </ul>
        </div>
        <div class="advisor-info">
                                                    <p>Adviser to BWI on receiving investment from Walden International</p>
                                        <a class="btn btn-small btn-solid more" href="https://www.clearwaterinternational.com/transactions/clearwater-international-advises-bwi-on-investment-from-a-consortium-led-by-walden-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/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/tepac.png" title="Tepac" alt="Image of Tepac 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/tomas-almgren">Tomas Almgren</a></li>
                                    <li><a href="https://www.clearwaterinternational.com/team/david-hammarström">David Hammarström</a></li>
                            </ul>
        </div>
        <div class="advisor-info">
                                                    <p>Advisor to Tepac on its sale to Storskogen</p>
                                        <a class="btn btn-small btn-solid more" href="https://www.clearwaterinternational.com/transactions/clearwater-international-advises-tepac-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/business-services" title="Business Services">
                            <svg class="icon icon-business-services" style="width: 45px; height: 45px; --color1: #fff; --color2: #fff;"><use xlink:href="#icon-business-services"></use></svg>
                        </a>
                    </li>
                                                                    
                        <li>
                        <a href="https://www.clearwaterinternational.com/sectors/tmt" title="TMT">
                            <svg class="icon icon-tmt" style="width: 45px; height: 45px; --color1: #fff; --color2: #fff;"><use xlink:href="#icon-tmt"></use></svg>
                        </a>
                    </li>
                                    </ul>
                        <ul class="flag">
                <li><span class="flagHolder"><span title="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/41236/SinglepointLogo-1-website.png" title="Singlepoint Holdings Limited" alt="Image of Singlepoint Holdings Limited 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/41237/Versionb-1-website.png" title="Version 1" alt="Image of Version 1 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/christopher-jordan">Christopher Jordan</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 Singlepoint Holdings Limited on its sale to Version 1</p>
                                        <a class="btn btn-small btn-solid more" href="https://www.clearwaterinternational.com/transactions/clearwater-international-advises-singlepoint-holdings-limited-on-its-sale-to-version-1">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/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">
                            </div>
            <div class="action">Creation of the OPCI ImmoVi for</div>
            <div class="company">
                                    <img class="object-fit" data-object-fit="contain" src="https://www.clearwaterinternational.com/assets/transaction_logos/_transactionLogo/DomusVi_logo-02.png" title="DomusVi" alt="Image of DomusVi Company Logo"/>
                            </div>
            <div class="action">and financing raised from</div>
            <div class="company">
                                    <img class="object-fit" data-object-fit="contain" src="https://www.clearwaterinternational.com/assets/transaction_logos/_transactionLogo/Societe-generale-BNB-Paribas-CM-CIC-logo.png" title="Société Générale, BNP, CMC CIC" alt="Image of Société Générale, BNP, CMC CIC Company Logo"/>
                            </div>
        </div>
        <div class="additional-info">
                        <div class="term">Management 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/laurent-camilli">Laurent Camilli</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 the Management on the creation of an OPCI</p>
                                </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="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/Blue-Equity-Logo.png" title="Blue Equity" alt="Image of Blue Equity 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/56187/Dynatest-North-American-Consulting-Division-logo.png" title="Dynatest (North American Consulting Division)" alt="Image of Dynatest (North American Consulting Division) 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/ARA-logo.png" title="Applied Research Associates (ARA)" alt="Image of Applied Research Associates (ARA) 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/carsten-rydahl">Carsten Rydahl</a></li>
                                    <li><a href="https://www.clearwaterinternational.com/team/klaus-hansted">Klaus Hansted</a></li>
                            </ul>
        </div>
        <div class="advisor-info">
                                                    <p>Adviser to Blue Equity on its sale of Dynatest (North American Consulting Division) to Applied Research Associates</p>
                                </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="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/56264/BWB-Logo-Website-03_200428_134749.png" title="BWB Partners" alt="Image of BWB Partners Company Logo"/>
                            </div>
            <div class="action">sold 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/56178/Pedax-Logo-Website-3-03.png" title="Pedax" alt="Image of Pedax 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/IBL.png" title="IBL" alt="Image of IBL 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/markus-otto">Markus Otto</a></li>
                                    <li><a href="https://www.clearwaterinternational.com/team/anton-ulrich">Anton Ulrich</a></li>
                                    <li><a href="https://www.clearwaterinternational.com/team/nils-grallert">Nils Grallert</a></li>
                            </ul>
        </div>
        <div class="advisor-info">
                                                    <p>Adviser to BWB Partners on the sale of a majority stake in Pedax to IBL</p>
                                        <a class="btn btn-small btn-solid more" href="https://www.clearwaterinternational.com/transactions/clearwater-international-advises-bwb-partners-on-the-sale-of-a-majority-stake-in-pedax-to-i-bl-holding">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">raised a banking facilities to refinance its existing debts and finance its growth</div>
            <div class="company">
                            </div>
        </div>
        <div class="additional-info">
                        <div class="term">Refinancing</div>
            <div class="value">
                                                                                €30.8
                                                </div>

            <div class="tombstone-flip">
                <img src="/assets/img/tombstone-flip.svg" alt="View Back of Transaction">
            </div>
        </div>
    </div>
    <div class="back">
        <div class="transaction-header">
            Clearwater Advisers        </div>
        <div class="advisers">
            <ul>
                                    <li><a href="https://www.clearwaterinternational.com/team/laurence-de-rosamel">Laurence de Rosamel</a></li>
                                    <li><a href="https://www.clearwaterinternational.com/team/paul-assael">Paul Assaël</a></li>
                                    <li><a href="https://www.clearwaterinternational.com/team/alexis-bellot">Alexis Bellot</a></li>
                            </ul>
        </div>
        <div class="advisor-info">
                                                    <p>Adviser to Federation Entertainment on its refinancing and growth financing</p>
                                        <a class="btn btn-small btn-solid more" href="https://www.clearwaterinternational.com/transactions/clearwater-international-has-advised-federation-entertainment-group-on-raising-a-new-debt-to-refinance-its-existing-debts-in-order-to-adjust-its-cost-of-capital-while-freeing-up-significant-resources-to-support-its-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/consumer" title="Consumer">
                            <svg class="icon icon-consumer" style="width: 45px; height: 45px; --color1: #fff; --color2: #fff;"><use xlink:href="#icon-consumer"></use></svg>
                        </a>
                    </li>
                                    </ul>
                        <ul class="flag">
                <li><span class="flagHolder"><span title="UK" class="flag-united-kingdom"></span></span></li>
            </ul>
        </div>
        <div class="transaction-detail">
            <div class="company">
                                    <img class="object-fit" data-object-fit="contain" src="https://www.clearwaterinternational.com/assets/transaction_logos/_transactionLogo/54016/product_clubhousegolf_logo.png" title="Clubhouse Golf" alt="Image of Clubhouse Golf 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/All4golf.png" title="all4golf" alt="Image of all4golf 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/gareth-iley">Gareth Iley</a></li>
                                    <li><a href="https://www.clearwaterinternational.com/team/david-weavers">David Weavers</a></li>
                                    <li><a href="https://www.clearwaterinternational.com/team/louise-hooper">Louise Hooper</a></li>
                                    <li><a href="https://www.clearwaterinternational.com/team/dom-moir">Dom Moir</a></li>
                            </ul>
        </div>
        <div class="advisor-info">
                                                    <p>Adviser to Clubhouse Golf on its sale to all4golf</p>
                                        <a class="btn btn-small btn-solid more" href="https://www.clearwaterinternational.com/transactions/clearwater-international-advises-clubhouse-golf-on-its-sale-to-all4golf">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="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/53430/Balcke-Durr-02.png" title="Balcke-Dürr Group" alt="Image of Balcke-Dürr Group 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/53435/Balcke-Dürr-Polska-Sp.z-o.o-1-01.png" title="Balcke-Duerr Polska Sp.z o.o" alt="Image of Balcke-Duerr Polska Sp.z o.o 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/Wallstein.png" title="Wallstein Group" alt="Image of Wallstein 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/markus-otto">Markus Otto</a></li>
                                    <li><a href="https://www.clearwaterinternational.com/team/ralph-schmuecking">Ralph Schmücking</a></li>
                                    <li><a href="https://www.clearwaterinternational.com/team/maximilian-hammers">Maximilian Hammers</a></li>
                                    <li><a href="https://www.clearwaterinternational.com/team/michael-frohschauer">Michael Frohschauer</a></li>
                                    <li><a href="https://www.clearwaterinternational.com/team/manuel-erath">Manuel Erath</a></li>
                            </ul>
        </div>
        <div class="advisor-info">
                                                    <p>Adviser to Balcke-Dürr Group on the sale of Balcke-Dürr Polska to Wallstein Group</p>
                                        <a class="btn btn-small btn-solid more" href="https://www.clearwaterinternational.com/transactions/clearwater-international-advises-balcke-dürr-group-on-the-sale-of-balcke-duerr-polska-sp-z-o-o-to-wallstein-group">View more</a>
                    </div>
    </div>
</li>
                                                                                                            
<li>
    <div class="front">
        <div class="transaction-header">
                            <ul class="sectors">
                                                                    
                        <li>
                        <a href="https://www.clearwaterinternational.com/sectors/business-services" title="Business Services">
                            <svg class="icon icon-business-services" style="width: 45px; height: 45px; --color1: #fff; --color2: #fff;"><use xlink:href="#icon-business-services"></use></svg>
                        </a>
                    </li>
                                                                    
                        <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/89210/Global-Partner-logo.png" title="Global Partner" alt="Image of Global Partner Company Logo"/>
                            </div>
            <div class="action">structured a primary buy-out sponsored by</div>
            <div class="company">
                                    <img class="object-fit" data-object-fit="contain" src="https://www.clearwaterinternational.com/assets/transaction_logos/_transactionLogo/89211/LT-Capital-Logo.png" title="LT Capital" alt="Image of LT Capital Company Logo"/>
                            </div>
        </div>
        <div class="additional-info">
                        <div class="term">Sell-side</div>
            <div class="value">
                                                                                Undisclosed
                                                </div>

            <div class="tombstone-flip">
                <img src="/assets/img/tombstone-flip.svg" alt="View Back of Transaction">
            </div>
        </div>
    </div>
    <div class="back">
        <div class="transaction-header">
            Clearwater Advisers        </div>
        <div class="advisers">
            <ul>
                                    <li><a href="https://www.clearwaterinternational.com/team/jonathan-bursztyn">Jonathan Bursztyn</a></li>
                                    <li><a href="https://www.clearwaterinternational.com/team/sophie-lerond">Sophie Lerond</a></li>
                                    <li><a href="https://www.clearwaterinternational.com/team/lucas-genot">Lucas Genot</a></li>
                            </ul>
        </div>
        <div class="advisor-info">
                                                    <p>Adviser to the shareholders on the structuring of a primary minority buyout</p>
                                        <a class="btn btn-small btn-solid more" href="https://www.clearwaterinternational.com/transactions/clearwater-international-advises-global-partner-on-the-structuring-of-a-primary-buyout-sponsored-by-lt-capital">View more</a>
                    </div>
    </div>
</li>
                                                                                                            
<li>
    <div class="front">
        <div class="transaction-header">
                            <ul class="sectors">
                                                                    
                        <li>
                        <a href="https://www.clearwaterinternational.com/sectors/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="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/51189/Lander_website.png" title="Lander Automotive" alt="Image of Lander Automotive 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/51190/Gil_website.png" title="GIL Investments Ltd" alt="Image of GIL Investments Ltd 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/jon-hustler">Jon Hustler</a></li>
                                    <li><a href="https://www.clearwaterinternational.com/team/rob-britton">Rob Britton</a></li>
                                    <li><a href="https://www.clearwaterinternational.com/team/mark-gillingham">Mark Gillingham</a></li>
                                    <li><a href="https://www.clearwaterinternational.com/team/joshua-gorman">Joshua Gorman</a></li>
                            </ul>
        </div>
        <div class="advisor-info">
                                                    <p>Adviser to Lander Automotive on its sale to GIL Investments Ltd</p>
                                        <a class="btn btn-small btn-solid more" href="https://www.clearwaterinternational.com/transactions/clearwater-international-advises-lander-automotive-on-its-sale-to-gil-investments-ltd">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="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/26581/shecco-wieland-logo_1544535086.png" title="Wieland-Werke" alt="Image of Wieland-Werke Company Logo"/>
                            </div>
            <div class="action">issued promissory notes</div>
            <div class="company">
                            </div>
        </div>
        <div class="additional-info">
                        <div class="term">Refinancing</div>
            <div class="value">
                                                                                €310m
                                                </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/dierk-rottmann">Dierk Rottmann</a></li>
                                    <li><a href="https://www.clearwaterinternational.com/team/norbert-markus-roth">Norbert-Markus Roth</a></li>
                                    <li><a href="https://www.clearwaterinternational.com/team/moritz-stupka">Moritz Stupka</a></li>
                                    <li><a href="https://www.clearwaterinternational.com/team/manuel-erath">Manuel Erath</a></li>
                            </ul>
        </div>
        <div class="advisor-info">
                                                    <p>Adviser to Wieland-Werke AG on issuing a promissory note</p>
                                        <a class="btn btn-small btn-solid more" href="https://www.clearwaterinternational.com/transactions/clearwater-international-advises-wieland-werke-on-the-310m-issuance-of-mid-and-long-term-promissory-notes">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="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/50857/vivamus-logo.png" title="Vivamus A/S" alt="Image of Vivamus A/S 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/altiden-logo.png" title="Altiden Omsorg A/S" alt="Image of Altiden Omsorg A/S Company Logo"/>
                            </div>
            <div class="action">a subsidiary of</div>
            <div class="company">
                                    <img class="object-fit" data-object-fit="contain" src="https://www.clearwaterinternational.com/assets/transaction_logos/_transactionLogo/ambea-logo.png" title="Ambea" alt="Image of Ambea Company Logo"/>
                            </div>
        </div>
        <div class="additional-info">
                        <div class="term">Sell-side</div>
            <div class="value">
                                    Undisclosed
                            </div>

            <div class="tombstone-flip">
                <img src="/assets/img/tombstone-flip.svg" alt="View Back of Transaction">
            </div>
        </div>
    </div>
    <div class="back">
        <div class="transaction-header">
            Clearwater Advisers
        </div>
        <div class="advisers">
            <ul>
                                    <li><a href="https://www.clearwaterinternational.com/team/lars-thorup-gregersen">Lars Thorup Gregersen</a></li>
                                    <li><a href="https://www.clearwaterinternational.com/team/andreas-lauth-lauridsen">Andreas Lauth Lauridsen</a></li>
                            </ul>
        </div>
        <div class="advisor-info">
                                                    <p>Adviser to Vivamus on its sale to Altiden, a subsidairy of Ambea</p>
                                        <a class="btn btn-small btn-solid more" href="https://www.clearwaterinternational.com/transactions/clearwater-international-advises-vivamus-on-its-sale-to-altiden-a-subsidiary-of-swedish-ambea">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/Logo-Panhard_200608_112935.png" title="Panhard Groupe" alt="Image of Panhard Groupe Company Logo"/>
                            </div>
            <div class="action">sold a minority stake to</div>
            <div class="company">
                                    <img class="object-fit" data-object-fit="contain" src="https://www.clearwaterinternational.com/assets/transaction_logos/_transactionLogo/logo-Andera.png" title="Andera Partners" alt="Image of Andera 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/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 Groupe Panhard’s shareholders on its minority sale to Andera Partners</p>
                                        <a class="btn btn-small btn-solid more" href="https://www.clearwaterinternational.com/transactions/clearwater-international-advises-groupe-panhards-shareholders-on-its-minority-sale-to-andera-partners">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="Spain" class="flag-spain"></span></span></li>
            </ul>
        </div>
        <div class="transaction-detail">
            <div class="company">
                                    <img class="object-fit" data-object-fit="contain" src="https://www.clearwaterinternational.com/assets/transaction_logos/_transactionLogo/50054/Novabase-website.png" title="Novabase" alt="Image of Novabase Company Logo"/>
                            </div>
            <div class="action">sells</div>
            <div class="company">
                                    <img class="object-fit" data-object-fit="contain" src="https://www.clearwaterinternational.com/assets/transaction_logos/_transactionLogo/50055/COLLAB-website.png" title="COLLAB" alt="Image of COLLAB 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/50056/Netamin-website.png" title="Netadmin" alt="Image of Netadmin 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/miquel-marti">Miquel Martí</a></li>
                                    <li><a href="https://www.clearwaterinternational.com/team/josemaria-torrens">Josemaría Torrens</a></li>
                                    <li><a href="https://www.clearwaterinternational.com/team/claudia-sanchez">Claudia Sánchez</a></li>
                            </ul>
        </div>
        <div class="advisor-info">
                                                    <p>Adviser to Novabase on its sale of COLLAB to Netadmin</p>
                                        <a class="btn btn-small btn-solid more" href="https://www.clearwaterinternational.com/transactions/clearwater-international-advises-novabase-on-its-sale-of-collab-to-netadmin">View more</a>
                    </div>
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</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="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/48088/MML-partners.png" title="MML Capital" alt="Image of MML Capital Company Logo"/>
                            </div>
            <div class="action">sold</div>
            <div class="company">
                                    <img class="object-fit" data-object-fit="contain" src="https://www.clearwaterinternational.com/assets/transaction_logos/_transactionLogo/LCG.png" title="Learning Curve Group" alt="Image of Learning Curve Group 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/48090/agilitas.png" title="Agilitas" alt="Image of Agilitas Company Logo"/>
                            </div>
        </div>
        <div class="additional-info">
                        <div class="term">Sell-side</div>
            <div class="value">
                                                                                Undisclosed
                                                </div>

            <div class="tombstone-flip">
                <img src="/assets/img/tombstone-flip.svg" alt="View Back of Transaction">
            </div>
        </div>
    </div>
    <div class="back">
        <div class="transaction-header">
            Clearwater Advisers
        </div>
        <div class="advisers">
            <ul>
                                    <li><a href="https://www.clearwaterinternational.com/team/marcus-archer">Marcus Archer</a></li>
                                    <li><a href="https://www.clearwaterinternational.com/team/helen-lowe">Helen Lowe</a></li>
                                    <li><a href="https://www.clearwaterinternational.com/team/jonathan-grant">Jonathan Grant</a></li>
                                    <li><a href="https://www.clearwaterinternational.com/team/dan-shrimpton">Dan Shrimpton</a></li>
                                    <li><a href="https://www.clearwaterinternational.com/team/thomas-hickey">Thomas Hickey</a></li>
                            </ul>
        </div>
        <div class="advisor-info">
                                                    <p>Adviser to MML Capital on the sale of Learning Curve Group to Agilitas</p>
                                        <a class="btn btn-small btn-solid more" href="https://www.clearwaterinternational.com/transactions/clearwater-international-advises-mml-and-management-on-the-sale-of-learning-curve-group-to-agilitas">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="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/47994/palatine-ttc-logo1.png" title="Palatine backed TTC Group" alt="Image of Palatine backed TTC Group Company Logo"/>
                            </div>
            <div class="action">raised debt finance from</div>
            <div class="company">
                                    <img class="object-fit" data-object-fit="contain" src="https://www.clearwaterinternational.com/assets/transaction_logos/_transactionLogo/47839/hsbc-and-santander.png" title="Santander and HSBC" alt="Image of Santander and HSBC Company Logo"/>
                            </div>
            <div class="action">to support the acquisition of</div>
            <div class="company">
                                    <img class="object-fit" data-object-fit="contain" src="https://www.clearwaterinternational.com/assets/transaction_logos/_transactionLogo/47995/lb-31.png" title="License Bureau" alt="Image of License Bureau Company Logo"/>
                            </div>
        </div>
        <div class="additional-info">
                        <div class="term">Acquisition finance</div>
            <div class="value">
                                                                                Undisclosed
                                                </div>

            <div class="tombstone-flip">
                <img src="/assets/img/tombstone-flip.svg" alt="View Back of Transaction">
            </div>
        </div>
    </div>
    <div class="back">
        <div class="transaction-header">
            Clearwater Advisers
        </div>
        <div class="advisers">
            <ul>
                                    <li><a href="https://www.clearwaterinternational.com/team/joe-dyke">Joe Dyke</a></li>
                                    <li><a href="https://www.clearwaterinternational.com/team/hertej-rattan">Hertej Rattan</a></li>
                                    <li><a href="https://www.clearwaterinternational.com/team/kieran-virr">Kieran Virr</a></li>
                            </ul>
        </div>
        <div class="advisor-info">
                                                    <p>Palatine backed TTC Group raised debt finance from Santander and HSBC to support the acquisition of License Bureau</p>
                                        <a class="btn btn-small btn-solid more" href="https://www.clearwaterinternational.com/transactions/clearwater-international-advises-ttc-group-on-raising-acquisition-finance">View more</a>
                    </div>
    </div>
</li>
                                                                                                            
<li>
    <div class="front">
        <div class="transaction-header">
                            <ul class="sectors">
                                                                    
                        <li>
                        <a href="https://www.clearwaterinternational.com/sectors/business-services" title="Business Services">
                            <svg class="icon icon-business-services" style="width: 45px; height: 45px; --color1: #fff; --color2: #fff;"><use xlink:href="#icon-business-services"></use></svg>
                        </a>
                    </li>
                                    </ul>
                        <ul class="flag">
                <li><span class="flagHolder"><span title="France" class="flag-france"></span></span></li>
            </ul>
        </div>
        <div class="transaction-detail">
            <div class="company">
                                    <img class="object-fit" data-object-fit="contain" src="https://www.clearwaterinternational.com/assets/transaction_logos/_transactionLogo/46184/website-shareholders-text-v4.png" title="Ingeliance" alt="Image of Ingeliance Company Logo"/>
                            </div>
            <div class="action">sold a minority stake to</div>
            <div class="company">
                                    <img class="object-fit" data-object-fit="contain" src="https://www.clearwaterinternational.com/assets/transaction_logos/_transactionLogo/45149/Activa-Capital-website.png" title="Activa Capital" alt="Image of Activa Capital Company Logo"/>
                            </div>
        </div>
        <div class="additional-info">
                        <div class="term">Sell-side</div>
            <div class="value">
                                                                                Undisclosed
                                                </div>

            <div class="tombstone-flip">
                <img src="/assets/img/tombstone-flip.svg" alt="View Back of Transaction">
            </div>
        </div>
    </div>
    <div class="back">
        <div class="transaction-header">
            Clearwater Advisers        </div>
        <div class="advisers">
            <ul>
                                    <li><a href="https://www.clearwaterinternational.com/team/aubert-simonnot">Aubert Simonnot</a></li>
                                    <li><a href="https://www.clearwaterinternational.com/team/jonathan-bursztyn">Jonathan Bursztyn</a></li>
                                    <li><a href="https://www.clearwaterinternational.com/team/nicolas-saint-pierre-1">Nicolas Saint-Pierre</a></li>
                            </ul>
        </div>
        <div class="advisor-info">
                                                    <p>Advisers of the Group’s shareholders in a minority stake acquisition by Activa Capital</p>
                                        <a class="btn btn-small btn-solid more" href="https://www.clearwaterinternational.com/transactions/clearwater-international-advises-the-shareholders-of-ingeliance-on-the-sale-of-a-minority-stake-to-activa-capital-alongside-arkéa-capital">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="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/44021/ldc-logo-300x160.png" title="LDC" alt="Image of LDC Company Logo"/>
                            </div>
            <div class="action">MBO of</div>
            <div class="company">
                                    <img class="object-fit" data-object-fit="contain" src="https://www.clearwaterinternational.com/assets/transaction_logos/_transactionLogo/44022/ashtons-hospital-pharmacy-services-logo-300x160.png" title="Ashtons Hospital Pharmacy Services Ltd" alt="Image of Ashtons Hospital Pharmacy Services Ltd Company Logo"/>
                            </div>
            <div class="action">supported by</div>
            <div class="company">
                                    <img class="object-fit" data-object-fit="contain" src="https://www.clearwaterinternational.com/assets/transaction_logos/_transactionLogo/svb-logo-small-300x160.png" title="Silicon Valley Bank" alt="Image of Silicon Valley Bank Company Logo"/>
                            </div>
        </div>
        <div class="additional-info">
                        <div class="term">Buy-side</div>
            <div class="value">
                                                                                Undisclosed
                                                </div>

            <div class="tombstone-flip">
                <img src="/assets/img/tombstone-flip.svg" alt="View Back of Transaction">
            </div>
        </div>
    </div>
    <div class="back">
        <div class="transaction-header">
            Clearwater Advisers
        </div>
        <div class="advisers">
            <ul>
                                    <li><a href="https://www.clearwaterinternational.com/team/marcus-archer">Marcus Archer</a></li>
                                    <li><a href="https://www.clearwaterinternational.com/team/chris-smith">Chris Smith</a></li>
                                    <li><a href="https://www.clearwaterinternational.com/team/ramesh-jassal">Ramesh Jassal</a></li>
                                    <li><a href="https://www.clearwaterinternational.com/team/lachlan-dorrity">Lachlan Dorrity</a></li>
                                    <li><a href="https://www.clearwaterinternational.com/team/will-arnold">Will Arnold</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 LDC on the MBO of Ashton Hospital Pharmacy Services supported by Silicon Valley Bank</p>
                                        <a class="btn btn-small btn-solid more" href="https://www.clearwaterinternational.com/transactions/clearwater-international-advises-ldc-on-its-investment-in-ashtons-hospital-pharmacy-services">View more</a>
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