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                    <title>Global Corporate Finance Transactions | Clearwater International</title>
        
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                            <div class="styled-select">
                                <select name="country">

    
    <option value="international" selected>International</option>

    
                        <option value="china">China</option>
                                <option value="denmark">Denmark</option>
                                <option value="france">France</option>
                                <option value="germany">Germany</option>
                                <option value="ireland">Ireland</option>
                                <option value="italy">Italy</option>
                                <option value="portugal">Portugal</option>
                                <option value="spain">Spain</option>
                                <option value="sweden">Sweden</option>
                                <option value="united-kingdom">UK</option>
                        </select>
                            </div>
                            <div class="cross-border">
                                <label>Cross-border <input type="checkbox" name="cb"  /></label>
                            </div>
                            <button type="submit">Search</button>
                        </form>
                    </div>
                    <div class="filter-search">
                        <span class="heading">Search</span>
                        <form class="search" action="?">
                            <input type="hidden" name="country" value="international" />
                            <input type="search" name="q"  placeholder="Enter company name" />
                            <button type="submit">Submit</button>
                        </form>
                    </div>
                </div>
            </div>
        </div>
    </section>

        <section class="transactions main">
        <div class="contain">
                            
                
                
                
                                                    
                
                
                
                                    <h3>
                        Transactions found for:
                                                Business Services                    </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/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="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/115147/TCS-Trans-new-logo.png" title="TCS Trans" alt="Image of TCS Trans 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/114686/Van-den-Bosch-logo.png" title="Van den Bosch" alt="Image of Van den Bosch 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/javier-perez-farguell">Javier Perez Farguell</a></li>
                                    <li><a href="https://www.clearwaterinternational.com/team/marcos-linares">Marcos Linares</a></li>
                            </ul>
        </div>
        <div class="advisor-info">
                                                    <p>Adviser to TCS Trans on its sale to Van den Bosch</p>
                                        <a class="btn btn-small btn-solid more" href="https://www.clearwaterinternational.com/transactions/clearwater-international-advises-tcs-trans-s-l-u-on-its-sale-to-van-den-bosch-transporte-b-v">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="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/MAW_logo.png" title="MAW" alt="Image of MAW Company Logo"/>
                            </div>
            <div class="action">backed by</div>
            <div class="company">
                                    <img class="object-fit" data-object-fit="contain" src="https://www.clearwaterinternational.com/assets/transaction_logos/_transactionLogo/ProA-Capital.png" title="ProA" alt="Image of ProA Company Logo"/>
                            </div>
            <div class="action">acquired a majority stake in</div>
            <div class="company">
                                    <img class="object-fit" data-object-fit="contain" src="https://www.clearwaterinternational.com/assets/transaction_logos/_transactionLogo/114502/InJob.png" title="InJob" alt="Image of InJob Company Logo"/>
                            </div>
        </div>
        <div class="additional-info">
                        <div class="term">Buy-side</div>
            <div class="value">
                                    Undisclosed
                            </div>

            <div class="tombstone-flip">
                <img src="/assets/img/tombstone-flip.svg" alt="View Back of Transaction">
            </div>
        </div>
    </div>
    <div class="back">
        <div class="transaction-header">
            Clearwater Advisers
        </div>
        <div class="advisers">
            <ul>
                                    <li><a href="https://www.clearwaterinternational.com/team/andrea-pagilara">Andrea Pagliara</a></li>
                                    <li><a href="https://www.clearwaterinternational.com/team/michele-castiglioni">Michele Castiglioni</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 MAW – Men at Work SpA on the acquisition of a majority stake in InJob SpA</p>
                                        <a class="btn btn-small btn-solid more" href="https://www.clearwaterinternational.com/transactions/clearwater-international-advises-maw-men-at-work-spa-on-the-aggregation-of-injob-spa">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="Portugal" class="flag-portugal"></span></span></li>
            </ul>
        </div>
        <div class="transaction-detail">
            <div class="company">
                                    <img class="object-fit" data-object-fit="contain" src="https://www.clearwaterinternational.com/assets/transaction_logos/_transactionLogo/AVK_logo.png" title="AVK Group" alt="Image of AVK Group Company Logo"/>
                            </div>
            <div class="action">raised financing to support its MBO</div>
            <div class="company">
                            </div>
        </div>
        <div class="additional-info">
                        <div class="term">Debt advisory</div>
            <div class="value">
                                    Undisclosed
                            </div>

            <div class="tombstone-flip">
                <img src="/assets/img/tombstone-flip.svg" alt="View Back of Transaction">
            </div>
        </div>
    </div>
    <div class="back">
        <div class="transaction-header">
            Clearwater Advisers        </div>
        <div class="advisers">
            <ul>
                                    <li><a href="https://www.clearwaterinternational.com/team/jose-lemos">José Lemos</a></li>
                                    <li><a href="https://www.clearwaterinternational.com/team/jose-couto">José Couto</a></li>
                            </ul>
        </div>
        <div class="advisor-info">
                                                    <p>Adviser to AVK Group on raising financing to support its MBO</p>
                                        <a class="btn btn-small btn-solid more" href="https://www.clearwaterinternational.com/transactions/clearwater-international-advised-avk-group-on-raising-financing-to-support-its-mbo">View more</a>
                    </div>
    </div>
</li>
                                                                                                            
<li>
    <div class="front">
        <div class="transaction-header">
                            <ul class="sectors">
                                                                    
                        <li>
                        <a href="https://www.clearwaterinternational.com/sectors/business-services" title="Business Services">
                            <svg class="icon icon-business-services" style="width: 45px; height: 45px; --color1: #fff; --color2: #fff;"><use xlink:href="#icon-business-services"></use></svg>
                        </a>
                    </li>
                                                                    
                        <li>
                        <a href="https://www.clearwaterinternational.com/sectors/tmt" title="TMT">
                            <svg class="icon icon-tmt" style="width: 45px; height: 45px; --color1: #fff; --color2: #fff;"><use xlink:href="#icon-tmt"></use></svg>
                        </a>
                    </li>
                                    </ul>
                        <ul class="flag">
                <li><span class="flagHolder"><span title="France" class="flag-france"></span></span></li>
            </ul>
        </div>
        <div class="transaction-detail">
            <div class="company">
                                    <img class="object-fit" data-object-fit="contain" src="https://www.clearwaterinternational.com/assets/transaction_logos/_transactionLogo/Global-Partner-logo.png" title="Global Partner" alt="Image of Global Partner Company Logo"/>
                            </div>
            <div class="action">acquired</div>
            <div class="company">
                                    <img class="object-fit" data-object-fit="contain" src="https://www.clearwaterinternational.com/assets/transaction_logos/_transactionLogo/Thalie-logo.png" title="Thalie" alt="Image of Thalie Company Logo"/>
                            </div>
        </div>
        <div class="additional-info">
                        <div class="term">Buy-side</div>
            <div class="value">
                                                                                Undisclosed
                                                </div>

            <div class="tombstone-flip">
                <img src="/assets/img/tombstone-flip.svg" alt="View Back of Transaction">
            </div>
        </div>
    </div>
    <div class="back">
        <div class="transaction-header">
            Clearwater Advisers        </div>
        <div class="advisers">
            <ul>
                                    <li><a href="https://www.clearwaterinternational.com/team/jonathan-bursztyn">Jonathan Bursztyn</a></li>
                                    <li><a href="https://www.clearwaterinternational.com/team/sophie-lerond">Sophie Lerond</a></li>
                                    <li><a href="https://www.clearwaterinternational.com/team/lucas-genot">Lucas Genot</a></li>
                            </ul>
        </div>
        <div class="advisor-info">
                                                    <p>Adviser to  Global Partner on the acquisition of Thalie</p>
                                        <a class="btn btn-small btn-solid more" href="https://www.clearwaterinternational.com/transactions/clearwater-international-advises-global-partner-on-the-acquisition-of-thalie">View more</a>
                    </div>
    </div>
</li>
                                                                                                            <li class="triple">
    <div class="front">
        <div class="transaction-header">
                        <ul class="sectors">
                                                        
                    <li>
                        <a href="https://www.clearwaterinternational.com/sectors/business-services" title="Business Services">
                            <svg class="icon icon-business-services" style="width: 45px; height: 45px; --color1: #fff; --color2: #fff;"><use xlink:href="#icon-business-services"></use></svg>
                        </a>
                    </li>
                            </ul>
                        <ul class="flag">
                <li><span class="flagHolder"><span title="Sweden" class="flag-sweden"></span></span></li>
            </ul>
        </div>
        <div class="transaction-detail">
            <div class="company">
                                    <img class="object-fit" data-object-fit="contain" src="https://www.clearwaterinternational.com/assets/transaction_logos/_transactionLogo/ceder_2021-09-15-150615_enqo.png" title="Ceder Capital" alt="Image of Ceder Capital Company Logo"/>
                            </div>
            <div class="action">sold</div>
            <div class="company">
                                    <img class="object-fit" data-object-fit="contain" src="https://www.clearwaterinternational.com/assets/transaction_logos/_transactionLogo/Storskogen-logos.png" title="Persson Innovation, SoVent, Viametrics, Buildercom and Adero" alt="Image of Persson Innovation, SoVent, Viametrics, Buildercom and Adero Company Logo"/>
                            </div>
            <div class="action">to</div>
            <div class="company">
                                    <img class="object-fit" data-object-fit="contain" src="https://www.clearwaterinternational.com/assets/transaction_logos/_transactionLogo/storskogen-logo.png" title="Storskogen" alt="Image of Storskogen Company Logo"/>
                            </div>
        </div>
        <div class="additional-info">
                        <div class="term">Sell-side</div>
            <div class="value">
                                                                                Undisclosed
                                                </div>

            <div class="tombstone-flip">
                <img src="/assets/img/tombstone-flip.svg" alt="View Back of Transaction">
            </div>
        </div>
    </div>
    <div class="back">
        <div class="transaction-header">
            Clearwater Advisers
        </div>
        <div class="advisers">
            <ul>
                                    <li><a href="https://www.clearwaterinternational.com/team/tomas-almgren">Tomas Almgren</a></li>
                                    <li><a href="https://www.clearwaterinternational.com/team/henrik-falkenby">Henrik Falkenby</a></li>
                                    <li><a href="https://www.clearwaterinternational.com/team/jonathan-enqvist">Jonathan Enqvist</a></li>
                                    <li><a href="https://www.clearwaterinternational.com/team/pontus-löfgren">Pontus Löfgren</a></li>
                                    <li><a href="https://www.clearwaterinternational.com/team/alexander-ribrant">Alexander Ribrant</a></li>
                            </ul>
        </div>
        <div class="advisor-info">
                                                    <p>Adviser to Ceder Capital on the sale of five portfolio companies to Storskogen</p>
                                        <a class="btn btn-small btn-solid more" href="https://www.clearwaterinternational.com/transactions/clearwater-international-advises-ceder-capital-on-the-sale-of-five-portfolio-companies-to-storskogen">View more</a>
                    </div>
    </div>
</li>
                                                                                                            
<li>
    <div class="front">
        <div class="transaction-header">
                            <ul class="sectors">
                                                                    
                        <li>
                        <a href="https://www.clearwaterinternational.com/sectors/business-services" title="Business Services">
                            <svg class="icon icon-business-services" style="width: 45px; height: 45px; --color1: #fff; --color2: #fff;"><use xlink:href="#icon-business-services"></use></svg>
                        </a>
                    </li>
                                                                    
                        <li>
                        <a href="https://www.clearwaterinternational.com/sectors/healthcare" title="Healthcare">
                            <svg class="icon icon-healthcare" style="width: 45px; height: 45px; --color1: #fff; --color2: #fff;"><use xlink:href="#icon-healthcare"></use></svg>
                        </a>
                    </li>
                                    </ul>
                        <ul class="flag">
                <li><span class="flagHolder"><span title="UK" class="flag-united-kingdom"></span></span></li>
            </ul>
        </div>
        <div class="transaction-detail">
            <div class="company">
                                    <img class="object-fit" data-object-fit="contain" src="https://www.clearwaterinternational.com/assets/transaction_logos/_transactionLogo/113457/db1e21f2111aaac4d0ab141e81d62363.png" title="Meet Recruitment" alt="Image of Meet Recruitment Company Logo"/>
                            </div>
            <div class="action">MBO supported by</div>
            <div class="company">
                                    <img class="object-fit" data-object-fit="contain" src="https://www.clearwaterinternational.com/assets/transaction_logos/_transactionLogo/NE.png" title="NorthEdge Capital" alt="Image of NorthEdge Capital Company Logo"/>
                            </div>
        </div>
        <div class="additional-info">
                        <div class="term">Sell-side</div>
            <div class="value">
                                                                                Undisclosed
                                                </div>

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

            <div class="tombstone-flip">
                <img src="/assets/img/tombstone-flip.svg" alt="View Back of Transaction">
            </div>
        </div>
    </div>
    <div class="back">
        <div class="transaction-header">
            Clearwater Advisers        </div>
        <div class="advisers">
            <ul>
                                    <li><a href="https://www.clearwaterinternational.com/team/jonathan-bursztyn">Jonathan Bursztyn</a></li>
                                    <li><a href="https://www.clearwaterinternational.com/team/louis-wallerand-gayon">Louis-Wallerand Gayon</a></li>
                            </ul>
        </div>
        <div class="advisor-info">
                                                    <p>Adviser to the shareholders of TXCube on the structuring of a primary buy-out with Andera Croissance</p>
                                        <a class="btn btn-small btn-solid more" href="https://www.clearwaterinternational.com/transactions/clearwater-international-advises-the-shareholders-of-txcube-on-the-structuring-of-a-primary-buy-out-with-andera-croissance">View more</a>
                    </div>
    </div>
</li>
                                                                                                            
<li>
    <div class="front">
        <div class="transaction-header">
                            <ul class="sectors">
                                                                    
                        <li>
                        <a href="https://www.clearwaterinternational.com/sectors/business-services" title="Business Services">
                            <svg class="icon icon-business-services" style="width: 45px; height: 45px; --color1: #fff; --color2: #fff;"><use xlink:href="#icon-business-services"></use></svg>
                        </a>
                    </li>
                                                                    
                        <li>
                        <a href="https://www.clearwaterinternational.com/sectors/tmt" title="TMT">
                            <svg class="icon icon-tmt" style="width: 45px; height: 45px; --color1: #fff; --color2: #fff;"><use xlink:href="#icon-tmt"></use></svg>
                        </a>
                    </li>
                                    </ul>
                        <ul class="flag">
                <li><span class="flagHolder"><span title="UK" class="flag-united-kingdom"></span></span></li>
            </ul>
        </div>
        <div class="transaction-detail">
            <div class="company">
                                    <img class="object-fit" data-object-fit="contain" src="https://www.clearwaterinternational.com/assets/transaction_logos/_transactionLogo/94983/ldc-logo_2021-01-04-174615.png" title="LDC" alt="Image of LDC Company Logo"/>
                            </div>
            <div class="action">on its investment in</div>
            <div class="company">
                                    <img class="object-fit" data-object-fit="contain" src="https://www.clearwaterinternational.com/assets/transaction_logos/_transactionLogo/1519905680997.png" title="REAL Digital International Ltd" alt="Image of REAL Digital International Ltd Company Logo"/>
                            </div>
        </div>
        <div class="additional-info">
                        <div class="term">Buy-side</div>
            <div class="value">
                                                                                Undisclosed
                                                </div>

            <div class="tombstone-flip">
                <img src="/assets/img/tombstone-flip.svg" alt="View Back of Transaction">
            </div>
        </div>
    </div>
    <div class="back">
        <div class="transaction-header">
            Clearwater Advisers        </div>
        <div class="advisers">
            <ul>
                                    <li><a href="https://www.clearwaterinternational.com/team/marcus-archer">Marcus Archer</a></li>
                                    <li><a href="https://www.clearwaterinternational.com/team/chris-smith">Chris Smith</a></li>
                                    <li><a href="https://www.clearwaterinternational.com/team/paul-finlayson">Paul Finlayson</a></li>
                                    <li><a href="https://www.clearwaterinternational.com/team/david-grassby">David Grassby</a></li>
                                    <li><a href="https://www.clearwaterinternational.com/team/gregory-cornes">Gregory Cornes</a></li>
                                    <li><a href="https://www.clearwaterinternational.com/team/ben-crowe">Ben Crowe</a></li>
                            </ul>
        </div>
        <div class="advisor-info">
                                                    <p>Adviser to LDC on its investment in REAL Digital International Ltd</p>
                                        <a class="btn btn-small btn-solid more" href="https://www.clearwaterinternational.com/transactions/clearwater-international-advises-ldc-on-its-investment-in-real-digital-international">View more</a>
                    </div>
    </div>
</li>
                                                                                                            <li class="triple">
    <div class="front">
        <div class="transaction-header">
                        <ul class="sectors">
                                                        
                    <li>
                        <a href="https://www.clearwaterinternational.com/sectors/business-services" title="Business Services">
                            <svg class="icon icon-business-services" style="width: 45px; height: 45px; --color1: #fff; --color2: #fff;"><use xlink:href="#icon-business-services"></use></svg>
                        </a>
                    </li>
                            </ul>
                        <ul class="flag">
                <li><span class="flagHolder"><span title="Sweden" class="flag-sweden"></span></span></li>
            </ul>
        </div>
        <div class="transaction-detail">
            <div class="company">
                                    <img class="object-fit" data-object-fit="contain" src="https://www.clearwaterinternational.com/assets/transaction_logos/_transactionLogo/Litorina_2021-08-20-135715_zurc.png" title="Litorina" alt="Image of Litorina Company Logo"/>
                            </div>
            <div class="action">sold</div>
            <div class="company">
                                    <img class="object-fit" data-object-fit="contain" src="https://www.clearwaterinternational.com/assets/transaction_logos/_transactionLogo/112112/LGT-logo.png" title="LGT" alt="Image of LGT Company Logo"/>
                            </div>
            <div class="action">to</div>
            <div class="company">
                                    <img class="object-fit" data-object-fit="contain" src="https://www.clearwaterinternational.com/assets/transaction_logos/_transactionLogo/112113/ntg_logo.png" title="NTG" alt="Image of NTG Company Logo"/>
                            </div>
        </div>
        <div class="additional-info">
                        <div class="term">Sell-side</div>
            <div class="value">
                                                                                Undisclosed
                                                </div>

            <div class="tombstone-flip">
                <img src="/assets/img/tombstone-flip.svg" alt="View Back of Transaction">
            </div>
        </div>
    </div>
    <div class="back">
        <div class="transaction-header">
            Clearwater Advisers
        </div>
        <div class="advisers">
            <ul>
                                    <li><a href="https://www.clearwaterinternational.com/team/tomas-almgren">Tomas Almgren</a></li>
                                    <li><a href="https://www.clearwaterinternational.com/team/anton-truvé">Anton Truvé</a></li>
                                    <li><a href="https://www.clearwaterinternational.com/team/felix-ewert">Felix Ewert</a></li>
                            </ul>
        </div>
        <div class="advisor-info">
                                                    <p>Adviser to Litorina on the sale of LGT Logistics to Nordic Transport Group</p>
                                        <a class="btn btn-small btn-solid more" href="https://www.clearwaterinternational.com/transactions/clearwater-international-advises-litorina-on-the-sale-of-lgt-logistics-to-nordic-transport-group">View more</a>
                    </div>
    </div>
</li>
                                                                                                            
<li>
    <div class="front">
        <div class="transaction-header">
                            <ul class="sectors">
                                                                    
                        <li>
                        <a href="https://www.clearwaterinternational.com/sectors/business-services" title="Business Services">
                            <svg class="icon icon-business-services" style="width: 45px; height: 45px; --color1: #fff; --color2: #fff;"><use xlink:href="#icon-business-services"></use></svg>
                        </a>
                    </li>
                                                                    
                        <li>
                        <a href="https://www.clearwaterinternational.com/sectors/tmt" title="TMT">
                            <svg class="icon icon-tmt" style="width: 45px; height: 45px; --color1: #fff; --color2: #fff;"><use xlink:href="#icon-tmt"></use></svg>
                        </a>
                    </li>
                                    </ul>
                        <ul class="flag">
                <li><span class="flagHolder"><span title="Germany" class="flag-germany"></span></span></li>
            </ul>
        </div>
        <div class="transaction-detail">
            <div class="company">
                                    <img class="object-fit" data-object-fit="contain" src="https://www.clearwaterinternational.com/assets/transaction_logos/_transactionLogo/Rednet.png" title="REDNET AG" alt="Image of REDNET AG Company Logo"/>
                            </div>
            <div class="action">sold to</div>
            <div class="company">
                                    <img class="object-fit" data-object-fit="contain" src="https://www.clearwaterinternational.com/assets/transaction_logos/_transactionLogo/110948/Converge_Technology_Solutions_Corp.png" title="Converge Technology Solutions Corp." alt="Image of Converge Technology Solutions Corp. Company Logo"/>
                            </div>
        </div>
        <div class="additional-info">
                        <div class="term">Sell-side</div>
            <div class="value">
                                    Undisclosed
                            </div>

            <div class="tombstone-flip">
                <img src="/assets/img/tombstone-flip.svg" alt="View Back of Transaction">
            </div>
        </div>
    </div>
    <div class="back">
        <div class="transaction-header">
            Clearwater Advisers        </div>
        <div class="advisers">
            <ul>
                                    <li><a href="https://www.clearwaterinternational.com/team/ralph-schmuecking">Ralph Schmücking</a></li>
                                    <li><a href="https://www.clearwaterinternational.com/team/axel-oltmann">Axel Oltmann</a></li>
                                    <li><a href="https://www.clearwaterinternational.com/team/maximilian-hammers">Maximilian Hammers</a></li>
                                    <li><a href="https://www.clearwaterinternational.com/team/philipp-holst">Philipp Holst</a></li>
                            </ul>
        </div>
        <div class="advisor-info">
                                                    <p>Adviser to the shareholder of REDNET on the sale to Converge Technology Solutions</p>
                                        <a class="btn btn-small btn-solid more" href="https://www.clearwaterinternational.com/transactions/clearwater-international-advises-the-shareholder-of-rednet-on-the-sale-to-converge-technology-solutions">View more</a>
                    </div>
    </div>
</li>
                                                                                                            
<li>
    <div class="front">
        <div class="transaction-header">
                            <ul class="sectors">
                                                                    
                        <li>
                        <a href="https://www.clearwaterinternational.com/sectors/business-services" title="Business Services">
                            <svg class="icon icon-business-services" style="width: 45px; height: 45px; --color1: #fff; --color2: #fff;"><use xlink:href="#icon-business-services"></use></svg>
                        </a>
                    </li>
                                    </ul>
                        <ul class="flag">
                <li><span class="flagHolder"><span title="France" class="flag-france"></span></span></li>
            </ul>
        </div>
        <div class="transaction-detail">
            <div class="company">
                                    <img class="object-fit" data-object-fit="contain" src="https://www.clearwaterinternational.com/assets/transaction_logos/_transactionLogo/109284/Cogepart.png" title="Cogepart" alt="Image of Cogepart Company Logo"/>
                            </div>
            <div class="action">acquired</div>
            <div class="company">
                                    <img class="object-fit" data-object-fit="contain" src="https://www.clearwaterinternational.com/assets/transaction_logos/_transactionLogo/109271/Fréjus-Courses-Services.png.png" title="Fréjus Courses Services" alt="Image of Fréjus Courses Services Company Logo"/>
                            </div>
        </div>
        <div class="additional-info">
                        <div class="term">Buy-side</div>
            <div class="value">
                                    Undisclosed
                            </div>

            <div class="tombstone-flip">
                <img src="/assets/img/tombstone-flip.svg" alt="View Back of Transaction">
            </div>
        </div>
    </div>
    <div class="back">
        <div class="transaction-header">
            Clearwater Advisers        </div>
        <div class="advisers">
            <ul>
                            </ul>
        </div>
        <div class="advisor-info">
                                                    <p>Adviser to the shareholders of Cogepart on the acquisition of Fréjus Courses Services</p>
                                        <a class="btn btn-small btn-solid more" href="https://www.clearwaterinternational.com/transactions/clearwater-international-advises-cogepart-group-on-the-acquisition-of-fréjus-courses-services">View more</a>
                    </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/Cyb-Stores.png" title="Cyb Stores" alt="Image of Cyb Stores 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/Socadif.png" title="Socadif" alt="Image of Socadif Company Logo"/>
                            </div>
        </div>
        <div class="additional-info">
                        <div class="term">Sell-side</div>
            <div class="value">
                                    Undisclosed
                            </div>

            <div class="tombstone-flip">
                <img src="/assets/img/tombstone-flip.svg" alt="View Back of Transaction">
            </div>
        </div>
    </div>
    <div class="back">
        <div class="transaction-header">
            Clearwater Advisers        </div>
        <div class="advisers">
            <ul>
                            </ul>
        </div>
        <div class="advisor-info">
                                                    <p>Adviser to the shareholders of Cyb Stores on the sale of a minority stake in Socadif</p>
                                        <a class="btn btn-small btn-solid more" href="https://www.clearwaterinternational.com/transactions/clearwater-international-advises-the-shareholders-of-cyb-stores-group-on-the-sale-of-a-minority-stake-in-socadif">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="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/108866/EMZ-Partners.png" title="EMZ Capital Partners" alt="Image of EMZ Capital Partners Company Logo"/>
                            </div>
            <div class="action">invested in</div>
            <div class="company">
                                    <img class="object-fit" data-object-fit="contain" src="https://www.clearwaterinternational.com/assets/transaction_logos/_transactionLogo/simon-hegele-logo.png" title="Simon Hegele" alt="Image of Simon Hegele 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/axel-oltmann">Axel Oltmann</a></li>
                                    <li><a href="https://www.clearwaterinternational.com/team/özgür-büber">Özgür Büber</a></li>
                                    <li><a href="https://www.clearwaterinternational.com/team/mergim-tashefci">Mergim Tashefci</a></li>
                            </ul>
        </div>
        <div class="advisor-info">
                                                    <p>Adviser to EMZ Partners on its investment in Simon Hegele</p>
                                        <a class="btn btn-small btn-solid more" href="https://www.clearwaterinternational.com/transactions/clearwater-international-advises-emz-partners-on-its-investment-in-simon-hegele-as-part-of-a-management-sponsored-buy-out-to-support-mr-hegele-s-succession-plan">View more</a>
                    </div>
    </div>
</li>
                                                                                                            <li class="triple">
    <div class="front">
        <div class="transaction-header">
                        <ul class="sectors">
                                                        
                    <li>
                        <a href="https://www.clearwaterinternational.com/sectors/business-services" title="Business Services">
                            <svg class="icon icon-business-services" style="width: 45px; height: 45px; --color1: #fff; --color2: #fff;"><use xlink:href="#icon-business-services"></use></svg>
                        </a>
                    </li>
                            </ul>
                        <ul class="flag">
                <li><span class="flagHolder"><span title="France" class="flag-france"></span></span></li>
            </ul>
        </div>
        <div class="transaction-detail">
            <div class="company">
                                    <img class="object-fit" data-object-fit="contain" src="https://www.clearwaterinternational.com/assets/transaction_logos/_transactionLogo/motion-equity-partners-logo.png" title="Motion Equity Partners" alt="Image of Motion Equity Partners Company Logo"/>
                            </div>
            <div class="action">on the acquisition of</div>
            <div class="company">
                                    <img class="object-fit" data-object-fit="contain" src="https://www.clearwaterinternational.com/assets/transaction_logos/_transactionLogo/Résilians.png" title="Resilians" alt="Image of Resilians Company Logo"/>
                            </div>
            <div class="action">from</div>
            <div class="company">
                                    <img class="object-fit" data-object-fit="contain" src="https://www.clearwaterinternational.com/assets/transaction_logos/_transactionLogo/weinberg-capital-partners.png" title="Weinberg Capital Partners" alt="Image of Weinberg Capital Partners Company Logo"/>
                            </div>
        </div>
        <div class="additional-info">
                        <div class="term">Buy-side</div>
            <div class="value">
                                    Undisclosed
                            </div>

            <div class="tombstone-flip">
                <img src="/assets/img/tombstone-flip.svg" alt="View Back of Transaction">
            </div>
        </div>
    </div>
    <div class="back">
        <div class="transaction-header">
            Clearwater Advisers
        </div>
        <div class="advisers">
            <ul>
                                    <li><a href="https://www.clearwaterinternational.com/team/benjamin-zayat">Benjamin Zayat</a></li>
                                    <li><a href="https://www.clearwaterinternational.com/team/guillaume-fenni">Guillaume Fenni</a></li>
                                    <li><a href="https://www.clearwaterinternational.com/team/victor-le-breton">Victor Le Breton</a></li>
                                    <li><a href="https://www.clearwaterinternational.com/team/adrien-tordeur">Adrien Tordeur</a></li>
                            </ul>
        </div>
        <div class="advisor-info">
                                                    <p>Adviser to Motion Equity Partners on the acquisition of a majority stake in Résilians from Weinberg Capital Partners</p>
                                        <a class="btn btn-small btn-solid more" href="https://www.clearwaterinternational.com/transactions/clearwater-international-advises-motion-equity-partners-on-the-acquisition-of-a-majority-stake-in-résilians-from-weinberg-capital-partners">View more</a>
                    </div>
    </div>
</li>
                                                                                                            
<li>
    <div class="front">
        <div class="transaction-header">
                            <ul class="sectors">
                                                                    
                        <li>
                        <a href="https://www.clearwaterinternational.com/sectors/business-services" title="Business Services">
                            <svg class="icon icon-business-services" style="width: 45px; height: 45px; --color1: #fff; --color2: #fff;"><use xlink:href="#icon-business-services"></use></svg>
                        </a>
                    </li>
                                    </ul>
                        <ul class="flag">
                <li><span class="flagHolder"><span title="Sweden" class="flag-sweden"></span></span></li>
            </ul>
        </div>
        <div class="transaction-detail">
            <div class="company">
                                    <img class="object-fit" data-object-fit="contain" src="https://www.clearwaterinternational.com/assets/transaction_logos/_transactionLogo/Ecochange-1.png" title="Ecochange" alt="Image of Ecochange Company Logo"/>
                            </div>
            <div class="action">sold to</div>
            <div class="company">
                                    <img class="object-fit" data-object-fit="contain" src="https://www.clearwaterinternational.com/assets/transaction_logos/_transactionLogo/storskogen.png" title="Storskogen" alt="Image of Storskogen Company Logo"/>
                            </div>
        </div>
        <div class="additional-info">
                        <div class="term">Sell-side</div>
            <div class="value">
                                    Undisclosed
                            </div>

            <div class="tombstone-flip">
                <img src="/assets/img/tombstone-flip.svg" alt="View Back of Transaction">
            </div>
        </div>
    </div>
    <div class="back">
        <div class="transaction-header">
            Clearwater Advisers        </div>
        <div class="advisers">
            <ul>
                                    <li><a href="https://www.clearwaterinternational.com/team/oscar-coster">Oscar Coster</a></li>
                                    <li><a href="https://www.clearwaterinternational.com/team/david-hammarström">David Hammarström</a></li>
                                    <li><a href="https://www.clearwaterinternational.com/team/martin-areskoug">Martin Areskoug</a></li>
                            </ul>
        </div>
        <div class="advisor-info">
                                                    <p>Adviser to Ecochange on its sale to Storskogen</p>
                                        <a class="btn btn-small btn-solid more" href="https://www.clearwaterinternational.com/transactions/clearwater-international-advises-ecochange-on-its-sale-to-storskogen">View more</a>
                    </div>
    </div>
</li>
                                                                                                            
<li>
    <div class="front">
        <div class="transaction-header">
                            <ul class="sectors">
                                                                    
                        <li>
                        <a href="https://www.clearwaterinternational.com/sectors/business-services" title="Business Services">
                            <svg class="icon icon-business-services" style="width: 45px; height: 45px; --color1: #fff; --color2: #fff;"><use xlink:href="#icon-business-services"></use></svg>
                        </a>
                    </li>
                                                                    
                        <li>
                        <a href="https://www.clearwaterinternational.com/sectors/energy-and-utilities" title="Energy &amp; Utilities">
                            <svg class="icon icon-energy-and-utilities" style="width: 45px; height: 45px; --color1: #fff; --color2: #fff;"><use xlink:href="#icon-energy-and-utilities"></use></svg>
                        </a>
                    </li>
                                    </ul>
                        <ul class="flag">
                <li><span class="flagHolder"><span title="Portugal" class="flag-portugal"></span></span></li>
            </ul>
        </div>
        <div class="transaction-detail">
            <div class="company">
                                    <img class="object-fit" data-object-fit="contain" src="https://www.clearwaterinternational.com/assets/transaction_logos/_transactionLogo/saurp-280@2x.png" title="Saur International" alt="Image of Saur International Company Logo"/>
                            </div>
            <div class="action">acquired</div>
            <div class="company">
                                    <img class="object-fit" data-object-fit="contain" src="https://www.clearwaterinternational.com/assets/transaction_logos/_transactionLogo/106765/Aquapor-1.png" title="Aquapor" alt="Image of Aquapor Company Logo"/>
                            </div>
        </div>
        <div class="additional-info">
                        <div class="term">Buy-side</div>
            <div class="value">
                                    Undisclosed
                            </div>

            <div class="tombstone-flip">
                <img src="/assets/img/tombstone-flip.svg" alt="View Back of Transaction">
            </div>
        </div>
    </div>
    <div class="back">
        <div class="transaction-header">
            Clearwater Advisers        </div>
        <div class="advisers">
            <ul>
                                    <li><a href="https://www.clearwaterinternational.com/team/jose-lemos">José Lemos</a></li>
                            </ul>
        </div>
        <div class="advisor-info">
                                                    <p>Adviser to Saur International on the acquisition of Aquapor</p>
                                        <a class="btn btn-small btn-solid more" href="https://www.clearwaterinternational.com/transactions/clearwater-international-has-advised-saur-on-its-acquisition-of-aquapor">View more</a>
                    </div>
    </div>
</li>
                                                                                                            
<li>
    <div class="front">
        <div class="transaction-header">
                            <ul class="sectors">
                                                                    
                        <li>
                        <a href="https://www.clearwaterinternational.com/sectors/business-services" title="Business Services">
                            <svg class="icon icon-business-services" style="width: 45px; height: 45px; --color1: #fff; --color2: #fff;"><use xlink:href="#icon-business-services"></use></svg>
                        </a>
                    </li>
                                    </ul>
                        <ul class="flag">
                <li><span class="flagHolder"><span title="UK" class="flag-united-kingdom"></span></span></li>
            </ul>
        </div>
        <div class="transaction-detail">
            <div class="company">
                                    <img class="object-fit" data-object-fit="contain" src="https://www.clearwaterinternational.com/assets/transaction_logos/_transactionLogo/HorizonCF.png" title="Horizone backed Churches Fire &amp; Security" alt="Image of Horizone backed Churches Fire &amp; Security Company Logo"/>
                            </div>
            <div class="action">raised finance from</div>
            <div class="company">
                                    <img class="object-fit" data-object-fit="contain" src="https://www.clearwaterinternational.com/assets/transaction_logos/_transactionLogo/lenders-all_2.png" title="HSBC UK Bank, HSBC Asset Management, NorthLeaf Capital and Siemens Bank" alt="Image of HSBC UK Bank, HSBC Asset Management, NorthLeaf Capital and Siemens Bank Company Logo"/>
                            </div>
        </div>
        <div class="additional-info">
                        <div class="term">Refinancing</div>
            <div class="value">
                                                                                €88m
                                                </div>

            <div class="tombstone-flip">
                <img src="/assets/img/tombstone-flip.svg" alt="View Back of Transaction">
            </div>
        </div>
    </div>
    <div class="back">
        <div class="transaction-header">
            Clearwater Advisers        </div>
        <div class="advisers">
            <ul>
                                    <li><a href="https://www.clearwaterinternational.com/team/chris-smith">Chris Smith</a></li>
                                    <li><a href="https://www.clearwaterinternational.com/team/lachlan-dorrity">Lachlan Dorrity</a></li>
                            </ul>
        </div>
        <div class="advisor-info">
                                                    <p>Adviser to Horizon-backed Churches Fire &amp; Security on raising finance from HSBC UK Bank, HSBC Asset Management, NorthLeaf Capital and Siemens Bank</p>
                                        <a class="btn btn-small btn-solid more" href="https://www.clearwaterinternational.com/transactions/clearwater-international-advises-churches-fire-security-on-refinancing-to-support-acquisitive-growth">View more</a>
                    </div>
    </div>
</li>
                                                                                                            
<li>
    <div class="front">
        <div class="transaction-header">
                            <ul class="sectors">
                                                                    
                        <li>
                        <a href="https://www.clearwaterinternational.com/sectors/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/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/RS.png" title="R+S Beteiligungs" alt="Image of R+S Beteiligungs Company Logo"/>
                            </div>
            <div class="action">on the equity reorganisation of the company supported by</div>
            <div class="company">
                                    <img class="object-fit" data-object-fit="contain" src="https://www.clearwaterinternational.com/assets/transaction_logos/_transactionLogo/DBAG-Haspa.png" title="DBAG and HASPA" alt="Image of DBAG and HASPA 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/maximilian-hammers">Maximilian Hammers</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 R+S Beteiligungs GmbH on the equity reorganisation of R+S Group</p>
                                        <a class="btn btn-small btn-solid more" href="https://www.clearwaterinternational.com/transactions/clearwater-international-advises-r-s-beteiligungs-gmbh-on-the-successful-equity-reorganisation-of-r-s-group">View more</a>
                    </div>
    </div>
</li>
                                                                                                            
<li>
    <div class="front">
        <div class="transaction-header">
                            <ul class="sectors">
                                                                    
                        <li>
                        <a href="https://www.clearwaterinternational.com/sectors/business-services" title="Business Services">
                            <svg class="icon icon-business-services" style="width: 45px; height: 45px; --color1: #fff; --color2: #fff;"><use xlink:href="#icon-business-services"></use></svg>
                        </a>
                    </li>
                                    </ul>
                        <ul class="flag">
                <li><span class="flagHolder"><span title="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/SystemInstallation-a.png" title="Systeminstallation" alt="Image of Systeminstallation 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/Alder-a.png" title="Alder" alt="Image of Alder Company Logo"/>
                            </div>
        </div>
        <div class="additional-info">
                        <div class="term">Sell-side</div>
            <div class="value">
                                    Undisclosed
                            </div>

            <div class="tombstone-flip">
                <img src="/assets/img/tombstone-flip.svg" alt="View Back of Transaction">
            </div>
        </div>
    </div>
    <div class="back">
        <div class="transaction-header">
            Clearwater Advisers        </div>
        <div class="advisers">
            <ul>
                                    <li><a href="https://www.clearwaterinternational.com/team/gustaf-plyhm">Gustaf Plyhm</a></li>
                                    <li><a href="https://www.clearwaterinternational.com/team/oscar-coster">Oscar Coster</a></li>
                                    <li><a href="https://www.clearwaterinternational.com/team/david-hammarström">David Hammarström</a></li>
                                    <li><a href="https://www.clearwaterinternational.com/team/felix-hansson">Felix Hansson</a></li>
                            </ul>
        </div>
        <div class="advisor-info">
                                                    <p>Adviser to Systeminstallation on its majority sale to Alder</p>
                                        <a class="btn btn-small btn-solid more" href="https://www.clearwaterinternational.com/transactions/clearwater-international-advises-systeminstallation-on-its-majority-sale-to-alder">View more</a>
                    </div>
    </div>
</li>
                                                                                                            <li class="triple">
    <div class="front">
        <div class="transaction-header">
                        <ul class="sectors">
                                                        
                    <li>
                        <a href="https://www.clearwaterinternational.com/sectors/business-services" title="Business Services">
                            <svg class="icon icon-business-services" style="width: 45px; height: 45px; --color1: #fff; --color2: #fff;"><use xlink:href="#icon-business-services"></use></svg>
                        </a>
                    </li>
                            </ul>
                        <ul class="flag">
                <li><span class="flagHolder"><span title="France" class="flag-france"></span></span></li>
            </ul>
        </div>
        <div class="transaction-detail">
            <div class="company">
                                    <img class="object-fit" data-object-fit="contain" src="https://www.clearwaterinternational.com/assets/transaction_logos/_transactionLogo/Onmes-A-plus-finance-logos.png" title="Omnes Capital and A Plus Finance" alt="Image of Omnes Capital and A Plus Finance Company Logo"/>
                            </div>
            <div class="action">sold a minority stake in</div>
            <div class="company">
                                    <img class="object-fit" data-object-fit="contain" src="https://www.clearwaterinternational.com/assets/transaction_logos/_transactionLogo/100183/Cogepart-logo.png" title="Cogepart" alt="Image of Cogepart 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/bpi-Amundi-Sofipaca-company-logos.png" title="bpi france, Amundi, Sofipaca" alt="Image of bpi france, Amundi, Sofipaca Company Logo"/>
                            </div>
        </div>
        <div class="additional-info">
                        <div class="term">Sell-side</div>
            <div class="value">
                                    Undisclosed
                            </div>

            <div class="tombstone-flip">
                <img src="/assets/img/tombstone-flip.svg" alt="View Back of Transaction">
            </div>
        </div>
    </div>
    <div class="back">
        <div class="transaction-header">
            Clearwater Advisers
        </div>
        <div class="advisers">
            <ul>
                            </ul>
        </div>
        <div class="advisor-info">
                                                    <p>Adviser to the shareholders of Cogepart on the restructuring of its capital</p>
                                        <a class="btn btn-small btn-solid more" href="https://www.clearwaterinternational.com/transactions/clearwater-international-advises-the-founders-of-cogepart-omnes-capital-and-a-plus-finance-on-a-minority-sale-to-bpifrance-together-with-amundi-private-equity-funds-and-sofipaca">View more</a>
                    </div>
    </div>
</li>
                                                                                                            
<li>
    <div class="front">
        <div class="transaction-header">
                            <ul class="sectors">
                                                                    
                        <li>
                        <a href="https://www.clearwaterinternational.com/sectors/business-services" title="Business Services">
                            <svg class="icon icon-business-services" style="width: 45px; height: 45px; --color1: #fff; --color2: #fff;"><use xlink:href="#icon-business-services"></use></svg>
                        </a>
                    </li>
                                    </ul>
                        <ul class="flag">
                <li><span class="flagHolder"><span title="UK" class="flag-united-kingdom"></span></span></li>
            </ul>
        </div>
        <div class="transaction-detail">
            <div class="company">
                                    <img class="object-fit" data-object-fit="contain" src="https://www.clearwaterinternational.com/assets/transaction_logos/_transactionLogo/92428/Palatine-impact-fund.png" title="Palatine Private Equity" alt="Image of Palatine Private Equity Company Logo"/>
                            </div>
            <div class="action">on its investment in</div>
            <div class="company">
                                    <img class="object-fit" data-object-fit="contain" src="https://www.clearwaterinternational.com/assets/transaction_logos/_transactionLogo/anth-logo-small.png" title="Anthesis Group" alt="Image of Anthesis Group Company Logo"/>
                            </div>
        </div>
        <div class="additional-info">
                        <div class="term">Buy-side</div>
            <div class="value">
                                                                                Undisclosed
                                                </div>

            <div class="tombstone-flip">
                <img src="/assets/img/tombstone-flip.svg" alt="View Back of Transaction">
            </div>
        </div>
    </div>
    <div class="back">
        <div class="transaction-header">
            Clearwater Advisers        </div>
        <div class="advisers">
            <ul>
                                    <li><a href="https://www.clearwaterinternational.com/team/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/mark-maunsell">Mark Maunsell</a></li>
                                    <li><a href="https://www.clearwaterinternational.com/team/richard-ellis">Richard Ellis</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 Palatine Private Equity on its investment in Anthesis Group</p>
                                        <a class="btn btn-small btn-solid more" href="https://www.clearwaterinternational.com/transactions/clearwater-international-advises-palatine-private-equity-on-its-investment-in-anthesis-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/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/din-x.png" title="din-X" alt="Image of din-X 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/pioneer-logo.png" title="Pioneer Capital" alt="Image of Pioneer 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/andreas-lauth-lauridsen">Andreas Lauth Lauridsen</a></li>
                                    <li><a href="https://www.clearwaterinternational.com/team/casper-bech-christensen">Casper Bech Christensen</a></li>
                                    <li><a href="https://www.clearwaterinternational.com/team/jens-emil-andreassen">Jens-Emil Andreassen</a></li>
                            </ul>
        </div>
        <div class="advisor-info">
                                                    <p>Advisor to din-X on its sale to Pioneer Capital</p>
                                        <a class="btn btn-small btn-solid more" href="https://www.clearwaterinternational.com/transactions/clearwater-international-advises-skandinaviska-bensinaktiebolaget-din-x-on-its-sale-to-pioneer-capital">View more</a>
                    </div>
    </div>
</li>
                                                                                                            
<li>
    <div class="front">
        <div class="transaction-header">
                            <ul class="sectors">
                                                                    
                        <li>
                        <a href="https://www.clearwaterinternational.com/sectors/business-services" title="Business Services">
                            <svg class="icon icon-business-services" style="width: 45px; height: 45px; --color1: #fff; --color2: #fff;"><use xlink:href="#icon-business-services"></use></svg>
                        </a>
                    </li>
                                    </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/97761/DB-Logo-ID-tryk.png" title="Dansk Brandteknik A/S" alt="Image of Dansk Brandteknik 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/securitaslogo.png" title="Securitas AB" alt="Image of Securitas AB Company Logo"/>
                            </div>
        </div>
        <div class="additional-info">
                        <div class="term">Sell-side</div>
            <div class="value">
                                                                                €14.8m
                                                </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/andreas-lauth-lauridsen">Andreas Lauth Lauridsen</a></li>
                                    <li><a href="https://www.clearwaterinternational.com/team/simon-mikkelsen">Simon Bang Mikkelsen</a></li>
                                    <li><a href="https://www.clearwaterinternational.com/team/casper-bech-christensen">Casper Bech Christensen</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 Dansk Brandteknik on its sale to Securitas AB</p>
                                        <a class="btn btn-small btn-solid more" href="https://www.clearwaterinternational.com/transactions/clearwater-international-advises-the-owners-of-dansk-brandteknik-a-s-and-associated-companies-on-the-sale-of-the-group-to-securitas-ab">View more</a>
                    </div>
    </div>
</li>
                                                                                                            
<li>
    <div class="front">
        <div class="transaction-header">
                            <ul class="sectors">
                                                                    
                        <li>
                        <a href="https://www.clearwaterinternational.com/sectors/business-services" title="Business Services">
                            <svg class="icon icon-business-services" style="width: 45px; height: 45px; --color1: #fff; --color2: #fff;"><use xlink:href="#icon-business-services"></use></svg>
                        </a>
                    </li>
                                    </ul>
                        <ul class="flag">
                <li><span class="flagHolder"><span title="UK" class="flag-united-kingdom"></span></span></li>
            </ul>
        </div>
        <div class="transaction-detail">
            <div class="company">
                                    <img class="object-fit" data-object-fit="contain" src="https://www.clearwaterinternational.com/assets/transaction_logos/_transactionLogo/The-First-Mile-logo-637126830692149453.png" title="First Mile Ltd" alt="Image of First Mile Ltd Company Logo"/>
                            </div>
            <div class="action">raised finance from</div>
            <div class="company">
                                    <img class="object-fit" data-object-fit="contain" src="https://www.clearwaterinternational.com/assets/transaction_logos/_transactionLogo/ThinCats-logo.png" title="ThinCats" alt="Image of ThinCats Company Logo"/>
                            </div>
        </div>
        <div class="additional-info">
                        <div class="term">Refinancing</div>
            <div class="value">
                                                                                €4.5m
                                                </div>

            <div class="tombstone-flip">
                <img src="/assets/img/tombstone-flip.svg" alt="View Back of Transaction">
            </div>
        </div>
    </div>
    <div class="back">
        <div class="transaction-header">
            Clearwater Advisers        </div>
        <div class="advisers">
            <ul>
                                    <li><a href="https://www.clearwaterinternational.com/team/chris-smith">Chris Smith</a></li>
                                    <li><a href="https://www.clearwaterinternational.com/team/lachlan-dorrity">Lachlan Dorrity</a></li>
                                    <li><a href="https://www.clearwaterinternational.com/team/dan-shrimpton">Dan Shrimpton</a></li>
                            </ul>
        </div>
        <div class="advisor-info">
                                                    <p>Adviser to Growth Capital Partners back business First Mile Ltd on its refinancing from ThinCats</p>
                                        <a class="btn btn-small btn-solid more" href="https://www.clearwaterinternational.com/transactions/clearwater-international-advises-first-mile-ltd-on-refinancing-for-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/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/96666/Channel-3-consulting.png" title="Channel 3 Consulting" alt="Image of Channel 3 Consulting Company Logo"/>
                            </div>
            <div class="action">on the management buy-out backed by</div>
            <div class="company">
                                    <img class="object-fit" data-object-fit="contain" src="https://www.clearwaterinternational.com/assets/transaction_logos/_transactionLogo/Westbridge.png" title="Westbridge" alt="Image of Westbridge 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/mark-maunsell">Mark Maunsell</a></li>
                                    <li><a href="https://www.clearwaterinternational.com/team/jonathan-grant">Jonathan Grant</a></li>
                                    <li><a href="https://www.clearwaterinternational.com/team/gregory-cornes">Gregory Cornes</a></li>
                            </ul>
        </div>
        <div class="advisor-info">
                                                    <p>Advising Channel 3 Consulting on the management buy-out backed by Westbridge</p>
                                        <a class="btn btn-small btn-solid more" href="https://www.clearwaterinternational.com/transactions/clearwater-international-advises-channel-3-consulting-on-the-management-buy-out-backed-by-westbridge">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/94983/ldc-logo_2021-01-04-174615.png" title="LDC" alt="Image of LDC Company Logo"/>
                            </div>
            <div class="action">on its merger with</div>
            <div class="company">
                                    <img class="object-fit" data-object-fit="contain" src="https://www.clearwaterinternational.com/assets/transaction_logos/_transactionLogo/94984/Lomond.png" title="Lomond Capital" alt="Image of Lomond Capital Company Logo"/>
                            </div>
            <div class="action">and</div>
            <div class="company">
                                    <img class="object-fit" data-object-fit="contain" src="https://www.clearwaterinternational.com/assets/transaction_logos/_transactionLogo/LS.png" title="Linley &amp; Simpson" alt="Image of Linley &amp; Simpson Company Logo"/>
                            </div>
        </div>
        <div class="additional-info">
                        <div class="term">Buy-side</div>
            <div class="value">
                                                                                €110m
                                                </div>

            <div class="tombstone-flip">
                <img src="/assets/img/tombstone-flip.svg" alt="View Back of Transaction">
            </div>
        </div>
    </div>
    <div class="back">
        <div class="transaction-header">
            Clearwater Advisers
        </div>
        <div class="advisers">
            <ul>
                                    <li><a href="https://www.clearwaterinternational.com/team/richard-goldsack">Richard Goldsack</a></li>
                                    <li><a href="https://www.clearwaterinternational.com/team/james-croxen">James Croxen</a></li>
                                    <li><a href="https://www.clearwaterinternational.com/team/glenn-clarke">Glenn Clarke</a></li>
                                    <li><a href="https://www.clearwaterinternational.com/team/tom-barnwell">Tom Barnwell</a></li>
                            </ul>
        </div>
        <div class="advisor-info">
                                                    <p>Adviser to LDC on the merger of Lomond Capital and Linley &amp; Simpson</p>
                                        <a class="btn btn-small btn-solid more" href="https://www.clearwaterinternational.com/transactions/clearwater-international-advises-ldc-on-the-merger-of-lomond-capital-and-linley-simpson">View more</a>
                    </div>
    </div>
</li>
                                                                                                            
<li>
    <div class="front">
        <div class="transaction-header">
                            <ul class="sectors">
                                                                    
                        <li>
                        <a href="https://www.clearwaterinternational.com/sectors/business-services" title="Business Services">
                            <svg class="icon icon-business-services" style="width: 45px; height: 45px; --color1: #fff; --color2: #fff;"><use xlink:href="#icon-business-services"></use></svg>
                        </a>
                    </li>
                                    </ul>
                        <ul class="flag">
                <li><span class="flagHolder"><span title="UK" class="flag-united-kingdom"></span></span></li>
            </ul>
        </div>
        <div class="transaction-detail">
            <div class="company">
                                    <img class="object-fit" data-object-fit="contain" src="https://www.clearwaterinternational.com/assets/transaction_logos/_transactionLogo/Vendigital.png" title="Vendigital" alt="Image of Vendigital Company Logo"/>
                            </div>
            <div class="action">raised finance from</div>
            <div class="company">
                                    <img class="object-fit" data-object-fit="contain" src="https://www.clearwaterinternational.com/assets/transaction_logos/_transactionLogo/download_2021-02-11-153342.png" title="Arbuthnot" alt="Image of Arbuthnot Company Logo"/>
                            </div>
        </div>
        <div class="additional-info">
                        <div class="term">Financing</div>
            <div class="value">
                                                                                Undisclosed
                                                </div>

            <div class="tombstone-flip">
                <img src="/assets/img/tombstone-flip.svg" alt="View Back of Transaction">
            </div>
        </div>
    </div>
    <div class="back">
        <div class="transaction-header">
            Clearwater Advisers        </div>
        <div class="advisers">
            <ul>
                                    <li><a href="https://www.clearwaterinternational.com/team/mark-taylor">Mark Taylor</a></li>
                                    <li><a href="https://www.clearwaterinternational.com/team/lachlan-dorrity">Lachlan Dorrity</a></li>
                                    <li><a href="https://www.clearwaterinternational.com/team/hertej-rattan">Hertej Rattan</a></li>
                            </ul>
        </div>
        <div class="advisor-info">
                                                    <p>Adviser to Vendigital on raising finance from Arbuthnot to support growth</p>
                                        <a class="btn btn-small btn-solid more" href="https://www.clearwaterinternational.com/transactions/clearwater-international-advises-vendigital-on-financing-to-support-continued-growth">View more</a>
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</li>
                                                                                                            
<li>
    <div class="front">
        <div class="transaction-header">
                            <ul class="sectors">
                                                                    
                        <li>
                        <a href="https://www.clearwaterinternational.com/sectors/business-services" title="Business Services">
                            <svg class="icon icon-business-services" style="width: 45px; height: 45px; --color1: #fff; --color2: #fff;"><use xlink:href="#icon-business-services"></use></svg>
                        </a>
                    </li>
                                                                    
                        <li>
                        <a href="https://www.clearwaterinternational.com/sectors/tmt" title="TMT">
                            <svg class="icon icon-tmt" style="width: 45px; height: 45px; --color1: #fff; --color2: #fff;"><use xlink:href="#icon-tmt"></use></svg>
                        </a>
                    </li>
                                    </ul>
                        <ul class="flag">
                <li><span class="flagHolder"><span title="UK" class="flag-united-kingdom"></span></span></li>
            </ul>
        </div>
        <div class="transaction-detail">
            <div class="company">
                                    <img class="object-fit" data-object-fit="contain" src="https://www.clearwaterinternational.com/assets/transaction_logos/_transactionLogo/94811/Livingbridge_Logo.png" title="Livingbridge" alt="Image of Livingbridge Company Logo"/>
                            </div>
            <div class="action">on its investment in</div>
            <div class="company">
                                    <img class="object-fit" data-object-fit="contain" src="https://www.clearwaterinternational.com/assets/transaction_logos/_transactionLogo/welltel-image.png" title="Welltel" alt="Image of Welltel Company Logo"/>
                            </div>
        </div>
        <div class="additional-info">
                        <div class="term">Acquisition finance</div>
            <div class="value">
                                                                                Undisclosed
                                                </div>

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                <img src="/assets/img/tombstone-flip.svg" alt="View Back of Transaction">
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            Clearwater Advisers        </div>
        <div class="advisers">
            <ul>
                                    <li><a href="https://www.clearwaterinternational.com/team/mark-taylor">Mark Taylor</a></li>
                                    <li><a href="https://www.clearwaterinternational.com/team/lachlan-dorrity">Lachlan Dorrity</a></li>
                            </ul>
        </div>
        <div class="advisor-info">
                                                    <p>Adviser to Livingbridge on its investment in Welltel</p>
                                        <a class="btn btn-small btn-solid more" href="https://www.clearwaterinternational.com/transactions/clearwater-international-advises-livingbridge-on-its-investment-in-welltel">View more</a>
                    </div>
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</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/94811/Livingbridge_Logo.png" title="Livingbridge" alt="Image of Livingbridge Company Logo"/>
                            </div>
            <div class="action">on its investment in</div>
            <div class="company">
                                    <img class="object-fit" data-object-fit="contain" src="https://www.clearwaterinternational.com/assets/transaction_logos/_transactionLogo/welltel-image.png" title="Welltel" alt="Image of Welltel Company Logo"/>
                            </div>
        </div>
        <div class="additional-info">
                        <div class="term">Buy-side</div>
            <div class="value">
                                                                                Undisclosed
                                                </div>

            <div class="tombstone-flip">
                <img src="/assets/img/tombstone-flip.svg" alt="View Back of Transaction">
            </div>
        </div>
    </div>
    <div class="back">
        <div class="transaction-header">
            Clearwater Advisers        </div>
        <div class="advisers">
            <ul>
                                    <li><a href="https://www.clearwaterinternational.com/team/john-curtin">John Curtin</a></li>
                                    <li><a href="https://www.clearwaterinternational.com/team/john-sheridan">John Sheridan</a></li>
                                    <li><a href="https://www.clearwaterinternational.com/team/daniel-lavelle">Daniel Lavelle</a></li>
                            </ul>
        </div>
        <div class="advisor-info">
                                                    <p>Adviser to Livingbridge on its investment in Welltel</p>
                                        <a class="btn btn-small btn-solid more" href="https://www.clearwaterinternational.com/transactions/clearwater-international-advises-livingbridge-on-the-investment-in-welltel">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="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/EMK-logo.png" title="EMK" alt="Image of EMK Company Logo"/>
                            </div>
            <div class="action">raised bank club financing to support its acquisition  of</div>
            <div class="company">
                                    <img class="object-fit" data-object-fit="contain" src="https://www.clearwaterinternational.com/assets/transaction_logos/_transactionLogo/93365/RLG-logo.png" title="RLG" alt="Image of RLG Company Logo"/>
                            </div>
            <div class="action">complementing its existing portfolio company</div>
            <div class="company">
                                    <img class="object-fit" data-object-fit="contain" src="https://www.clearwaterinternational.com/assets/transaction_logos/_transactionLogo/Reconomy-group-logo.png" title="Reconomy" alt="Image of Reconomy 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/pierre-knoche">Pierre Knoche</a></li>
                            </ul>
        </div>
        <div class="advisor-info">
                                                    <p>Adviser on a bank club financing to support EMK’s acquisition of RLG</p>
                                        <a class="btn btn-small btn-solid more" href="https://www.clearwaterinternational.com/transactions/clearwater-international-advises-emk-on-a-bank-club-financing-to-support-its-acquisition-of-reverse-logistics-group">View more</a>
                    </div>
    </div>
</li>
                                                                                                            <li class="triple">
    <div class="front">
        <div class="transaction-header">
                        <ul class="sectors">
                                                        
                    <li>
                        <a href="https://www.clearwaterinternational.com/sectors/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="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/Reconomy-group-logo.png" title="Reconomy Group" alt="Image of Reconomy Group 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/93365/RLG-logo.png" title="RLG" alt="Image of RLG 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/93366/Monitor-Clipper-logo.png" title="Monitor Clipper" alt="Image of Monitor Clipper 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/tobias-schaetzmueller">Tobias Schätzmüller</a></li>
                                    <li><a href="https://www.clearwaterinternational.com/team/pierre-knoche">Pierre Knoche</a></li>
                            </ul>
        </div>
        <div class="advisor-info">
                                                    <p>Adviser to Reconomy on the acquisition of Reverse Logistics Group</p>
                                        <a class="btn btn-small btn-solid more" href="https://www.clearwaterinternational.com/transactions/clearwater-international-advises-reconomy-group-on-the-acquisition-of-reverse-logistics-gmbh">View more</a>
                    </div>
    </div>
</li>
                                                                                                            
<li>
    <div class="front">
        <div class="transaction-header">
                            <ul class="sectors">
                                                                    
                        <li>
                        <a href="https://www.clearwaterinternational.com/sectors/business-services" title="Business Services">
                            <svg class="icon icon-business-services" style="width: 45px; height: 45px; --color1: #fff; --color2: #fff;"><use xlink:href="#icon-business-services"></use></svg>
                        </a>
                    </li>
                                    </ul>
                        <ul class="flag">
                <li><span class="flagHolder"><span title="UK" class="flag-united-kingdom"></span></span></li>
            </ul>
        </div>
        <div class="transaction-detail">
            <div class="company">
                                    <img class="object-fit" data-object-fit="contain" src="https://www.clearwaterinternational.com/assets/transaction_logos/_transactionLogo/ihasco_owler_20181114_124647_original.png" title="iHASCO" alt="Image of iHASCO 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/94498/the-citation-group.png" title="The Citation Group" alt="Image of The Citation 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/marcus-archer">Marcus Archer</a></li>
                                    <li><a href="https://www.clearwaterinternational.com/team/mark-maunsell">Mark Maunsell</a></li>
                                    <li><a href="https://www.clearwaterinternational.com/team/jonathan-grant">Jonathan Grant</a></li>
                            </ul>
        </div>
        <div class="advisor-info">
                                                    <p>Adviser to iHASCO on its sale to The Citation Group</p>
                                        <a class="btn btn-small btn-solid more" href="https://www.clearwaterinternational.com/transactions/clearwater-international-advises-ihasco-on-its-sale-to-citation-group">View more</a>
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