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                        <span class="heading"><span class="filter-text">Filter by </span>[<a href="#" class="clear-filter">Clear</a>]</span>
                        <form action="?" class="filter" method="GET">
                            <div class="styled-select">
                                <select name="sec">
        <option value="" selected>Sector</option>
                        <option
                                        value="40">
                Automotive
            </option>
                                <option
                                        value="41">
                Business Services
            </option>
                                <option
                                        value="42">
                Consumer
            </option>
                                <option
                                        value="43">
                Energy &amp; Utilities
            </option>
                                <option
                                        value="44">
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            </option>
                                <option
                                        value="45">
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            </option>
                                <option
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            </option>
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                     selected
                                        value="47">
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            <option value="italy">Italy</option>
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            <option value="portugal">Portugal</option>
                                spain
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                                <label>Cross-border <input type="checkbox" name="cb"  /></label>
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                    <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" />
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                        </form>
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        </div>
    </section>

        <section class="transactions main">
        <div class="contain">
                            
                
                                    <h3>
                        Transactions found for:
                                                Industrials &amp; Chemicals                    </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/industrials-and-chemicals" title="Industrials &amp; Chemicals">
                            <svg class="icon icon-industrials-and-chemicals" style="width: 45px; height: 45px; --color1: #fff; --color2: #fff;"><use xlink:href="#icon-industrials-and-chemicals"></use></svg>
                        </a>
                    </li>
                                    </ul>
                        <ul class="flag">
                                    <li>
                        <span class="flagHolder">
                            <span title="Denmark" class="flag-denmark"></span>
                        </span>
                    </li>
                            </ul>
        </div>
        <div class="transaction-detail">
            <div class="company">
                                    <img class="object-fit" data-object-fit="contain" src="https://www.clearwaterinternational.com/assets/transaction_logos/_transactionLogo/Green-Instruments.png" title="Green Instruments" alt="Image of Green Instruments 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/lifco.png" title="Lifco" alt="Image of Lifco Company Logo"/>
                            </div>
        </div>
        <div class="additional-info">
                        <div class="term">Sell-side</div>
            <div class="value">
                                    Undisclosed
                            </div>

            <div class="tombstone-flip">
                <img src="/assets/img/tombstone-flip.svg" alt="View Back of Transaction">
            </div>
        </div>
    </div>
    <div class="back">
        <div class="transaction-header">
            Clearwater Advisers        </div>
        <div class="advisers">
            <ul>
                                    <li><a href="https://www.clearwaterinternational.com/team/carsten-rydahl">Carsten Rydahl</a></li>
                                    <li><a href="https://www.clearwaterinternational.com/team/casper-norre">Casper Norre</a></li>
                                    <li><a href="https://www.clearwaterinternational.com/team/rasmus-ostergaard">Rasmus Østergaard</a></li>
                                    <li><a href="https://www.clearwaterinternational.com/team/christian-huno">Christian Huno</a></li>
                            </ul>
        </div>
        <div class="advisor-info">
                                                    <p>Adviser to Green Instruments on its sale to Lifco</p>
                                        <a class="btn btn-small btn-solid more" href="https://www.clearwaterinternational.com/transactions/clearwater-international-advises-green-instruments-a-s-on-its-sale-to-lifco-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/industrials-and-chemicals" title="Industrials &amp; Chemicals">
                            <svg class="icon icon-industrials-and-chemicals" style="width: 45px; height: 45px; --color1: #fff; --color2: #fff;"><use xlink:href="#icon-industrials-and-chemicals"></use></svg>
                        </a>
                    </li>
                                    </ul>
                        <ul class="flag">
                                    <li>
                        <span class="flagHolder">
                            <span title="France" class="flag-france"></span>
                        </span>
                    </li>
                            </ul>
        </div>
        <div class="transaction-detail">
            <div class="company">
                                    <img class="object-fit" data-object-fit="contain" src="https://www.clearwaterinternational.com/assets/transaction_logos/_transactionLogo/Mariton-Roche-Habitat.png" title="Mariton Group - Roche Habitat" alt="Image of Mariton Group - Roche Habitat Company Logo"/>
                            </div>
            <div class="action">on a secondary LBO with</div>
            <div class="company">
                                    <img class="object-fit" data-object-fit="contain" src="https://www.clearwaterinternational.com/assets/transaction_logos/_transactionLogo/BNP-BPI-Sofipaca.png" title="BNP Développement, Bpifrance and Sofipaca" alt="Image of BNP Développement, Bpifrance and 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>
                                    <li><a href="https://www.clearwaterinternational.com/team/alexandre-forget">Alexandre Forget</a></li>
                                    <li><a href="https://www.clearwaterinternational.com/team/jérémy-zeller">Jérémy Zeller</a></li>
                                    <li><a href="https://www.clearwaterinternational.com/team/théophile-frys">Théophile Frys</a></li>
                            </ul>
        </div>
        <div class="advisor-info">
                                                    <p>Adviser to the shareholders of Mariton Group on its sale to BNP Développement, Sofipaca and BPI</p>
                                        <a class="btn btn-small btn-solid more" href="https://www.clearwaterinternational.com/transactions/clearwater-international-advises-the-shareholders-and-managers-of-mariton-group-on-a-majority-stake-acquisition-by-management-backed-by-bnp-développement-and-two-historical-investors-bpifrance-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/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="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/Powepoint-Engineering.png" title="Powerpoint Engineering" alt="Image of Powerpoint Engineering 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/Indutrade_2023-10-09-074910_hdzr.png" title="Indutrade" alt="Image of Indutrade Company Logo"/>
                            </div>
        </div>
        <div class="additional-info">
                        <div class="term">Sell-side</div>
            <div class="value">
                                    Undisclosed
                            </div>

            <div class="tombstone-flip">
                <img src="/assets/img/tombstone-flip.svg" alt="View Back of Transaction">
            </div>
        </div>
    </div>
    <div class="back">
        <div class="transaction-header">
            Clearwater Advisers        </div>
        <div class="advisers">
            <ul>
                                    <li><a href="https://www.clearwaterinternational.com/team/john-curtin">John Curtin</a></li>
                                    <li><a href="https://www.clearwaterinternational.com/team/john-devine">John Devine</a></li>
                                    <li><a href="https://www.clearwaterinternational.com/team/matthew-fee">Matthew Fee</a></li>
                            </ul>
        </div>
        <div class="advisor-info">
                                                    <p>Adviser to Powerpoint Engineering on its sale to Indutrade</p>
                                        <a class="btn btn-small btn-solid more" href="https://www.clearwaterinternational.com/transactions/clearwater-international-advises-powerpoint-engineering-on-its-sale-to-indutrade">View more</a>
                    </div>
    </div>
</li>
                                                                                                            
<li>
    <div class="front">
        <div class="transaction-header">
                            <ul class="sectors">
                                                                    
                        <li>
                        <a href="https://www.clearwaterinternational.com/sectors/industrials-and-chemicals" title="Industrials &amp; Chemicals">
                            <svg class="icon icon-industrials-and-chemicals" style="width: 45px; height: 45px; --color1: #fff; --color2: #fff;"><use xlink:href="#icon-industrials-and-chemicals"></use></svg>
                        </a>
                    </li>
                                    </ul>
                        <ul class="flag">
                                    <li>
                        <span class="flagHolder">
                            <span title="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/154298/RWL.png" title="RWL Advanced Solutions" alt="Image of RWL Advanced Solutions 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/GCG.png" title="GCG" alt="Image of GCG Company Logo"/>
                            </div>
        </div>
        <div class="additional-info">
                        <div class="term">Sell-side</div>
            <div class="value">
                                    Undisclosed
                            </div>

            <div class="tombstone-flip">
                <img src="/assets/img/tombstone-flip.svg" alt="View Back of Transaction">
            </div>
        </div>
    </div>
    <div class="back">
        <div class="transaction-header">
            Clearwater Advisers        </div>
        <div class="advisers">
            <ul>
                                    <li><a href="https://www.clearwaterinternational.com/team/john-sheridan">John Sheridan</a></li>
                                    <li><a href="https://www.clearwaterinternational.com/team/daniel-lavelle">Daniel Lavelle</a></li>
                                    <li><a href="https://www.clearwaterinternational.com/team/chris-finnegan">Chris Finnegan</a></li>
                                    <li><a href="https://www.clearwaterinternational.com/team/matthew-fee">Matthew Fee</a></li>
                            </ul>
        </div>
        <div class="advisor-info">
                                                    <p>Adviser to RWL Advanced Solutions on its sale to Genuine Cable Group</p>
                                        <a class="btn btn-small btn-solid more" href="https://www.clearwaterinternational.com/transactions/clearwater-international-advises-rwl-advanced-solutions-on-its-sale-to-gcg">View more</a>
                    </div>
    </div>
</li>
                                                                                                            
<li>
    <div class="front">
        <div class="transaction-header">
                            <ul class="sectors">
                                                                    
                        <li>
                        <a href="https://www.clearwaterinternational.com/sectors/industrials-and-chemicals" title="Industrials &amp; Chemicals">
                            <svg class="icon icon-industrials-and-chemicals" style="width: 45px; height: 45px; --color1: #fff; --color2: #fff;"><use xlink:href="#icon-industrials-and-chemicals"></use></svg>
                        </a>
                    </li>
                                    </ul>
                        <ul class="flag">
                                    <li>
                        <span class="flagHolder">
                            <span title="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/153328/Novag.png" title="Novag" alt="Image of Novag Company Logo"/>
                            </div>
            <div class="action">raised funds from</div>
            <div class="company">
                                    <img class="object-fit" data-object-fit="contain" src="https://www.clearwaterinternational.com/assets/transaction_logos/_transactionLogo/Famae-Impact-Galia-Gestion.png" title="Famae Impact and Galia Gestion" alt="Image of Famae Impact and Galia Gestion Company Logo"/>
                            </div>
        </div>
        <div class="additional-info">
                        <div class="term">Fundraising</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/emmanuel-xerri">Emmanuel Xerri</a></li>
                                    <li><a href="https://www.clearwaterinternational.com/team/béatrice-blanquet">Béatrice Blanquet</a></li>
                                    <li><a href="https://www.clearwaterinternational.com/team/théophile-frys">Théophile Frys</a></li>
                            </ul>
        </div>
        <div class="advisor-info">
                                                    <p>Adviser to the management of Novag on its fundraising to boost business growth</p>
                                        <a class="btn btn-small btn-solid more" href="https://www.clearwaterinternational.com/transactions/clearwater-international-advises-the-management-of-novag-on-its-fundraising-to-boost-business-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/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="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/153246/Envases-Tendero.png" title="Envases Tendero, S.L." alt="Image of Envases Tendero, S.L. 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/Groupe-Autajon.png" title="Autajon Group" alt="Image of Autajon 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/vicente-orts">Vicente Orts</a></li>
                                    <li><a href="https://www.clearwaterinternational.com/team/lucia.martinez">Lucía Martínez de la Escalera</a></li>
                                    <li><a href="https://www.clearwaterinternational.com/team/isabel-romero">Isabel Romero</a></li>
                            </ul>
        </div>
        <div class="advisor-info">
                                                    <p>Adviser to sole shareholder of Envases Tendero and Logisten Servicio de Logística on its sale to Autajon Group</p>
                                        <a class="btn btn-small btn-solid more" href="https://www.clearwaterinternational.com/transactions/clearwater-international-advises-the-sole-shareholder-of-envases-tendero-on-its-sale-to-group-autajon">View more</a>
                    </div>
    </div>
</li>
                                                                                                            <li class="triple">
    <div class="front">
        <div class="transaction-header">
                        <ul class="sectors">
                                                        
                    <li>
                        <a href="https://www.clearwaterinternational.com/sectors/business-services" title="Business Services">
                            <svg class="icon icon-business-services" style="width: 45px; height: 45px; --color1: #fff; --color2: #fff;"><use xlink:href="#icon-business-services"></use></svg>
                        </a>
                    </li>
                                                        
                    <li>
                        <a href="https://www.clearwaterinternational.com/sectors/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/150735/DeutscheBeteiligungs-Haspa-Beteiligungsgesellschaft-für-den-Mittelstand-mbH.png" title="DBAG and Haspa BGM" alt="Image of DBAG and Haspa BGM 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/RS-Group.png" title="R&amp;S Group" alt="Image of R&amp;S Group Company Logo"/>
                            </div>
            <div class="action">to</div>
            <div class="company">
                                    <img class="object-fit" data-object-fit="contain" src="https://www.clearwaterinternational.com/assets/transaction_logos/_transactionLogo/150817/Nokera.png" title="Nokera" alt="Image of Nokera 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/tristan-brockmeyer">Tristan Brockmeyer</a></li>
                                    <li><a href="https://www.clearwaterinternational.com/team/ray-wang">Ray Wang</a></li>
                            </ul>
        </div>
        <div class="advisor-info">
                                                    <p>Adviser to DBAG and Haspa BGM on the sale of R+S to NOKERA</p>
                                        <a class="btn btn-small btn-solid more" href="https://www.clearwaterinternational.com/transactions/clearwater-international-advises-dbag-and-haspa-bgm-on-the-sale-of-r-s-group-to-nokera">View more</a>
                    </div>
    </div>
</li>
                                                                                                            
<li>
    <div class="front">
        <div class="transaction-header">
                            <ul class="sectors">
                                                                    
                        <li>
                        <a href="https://www.clearwaterinternational.com/sectors/industrials-and-chemicals" title="Industrials &amp; Chemicals">
                            <svg class="icon icon-industrials-and-chemicals" style="width: 45px; height: 45px; --color1: #fff; --color2: #fff;"><use xlink:href="#icon-industrials-and-chemicals"></use></svg>
                        </a>
                    </li>
                                    </ul>
                        <ul class="flag">
                                    <li>
                        <span class="flagHolder">
                            <span title="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/149461/CH_logo.png" title="C&amp;H Systems" alt="Image of C&amp;H Systems Company Logo"/>
                            </div>
            <div class="action">sold to</div>
            <div class="company">
                                    <img class="object-fit" data-object-fit="contain" src="https://www.clearwaterinternational.com/assets/transaction_logos/_transactionLogo/Qubiqa.png" title="Qubica" alt="Image of Qubica 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/stig-windelov">Stig Windeløv</a></li>
                                    <li><a href="https://www.clearwaterinternational.com/team/andrej-nikolic">Andrej Nikolic</a></li>
                            </ul>
        </div>
        <div class="advisor-info">
                                                    <p>Adviser to C&amp;H Systems on its sale to Qubiqa</p>
                                        <a class="btn btn-small btn-solid more" href="https://www.clearwaterinternational.com/transactions/clearwater-international-advises-c-h-systems-on-its-sale-to-qubiqa">View more</a>
                    </div>
    </div>
</li>
                                                                                                            
<li>
    <div class="front">
        <div class="transaction-header">
                            <ul class="sectors">
                                                                    
                        <li>
                        <a href="https://www.clearwaterinternational.com/sectors/industrials-and-chemicals" title="Industrials &amp; Chemicals">
                            <svg class="icon icon-industrials-and-chemicals" style="width: 45px; height: 45px; --color1: #fff; --color2: #fff;"><use xlink:href="#icon-industrials-and-chemicals"></use></svg>
                        </a>
                    </li>
                                    </ul>
                        <ul class="flag">
                                    <li>
                        <span class="flagHolder">
                            <span title="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/Kemi-tech.png" title="Kemi-tech" alt="Image of Kemi-tech 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/sdiptech.png" title="Sdiptech" alt="Image of Sdiptech Company Logo"/>
                            </div>
        </div>
        <div class="additional-info">
                        <div class="term">Sell-side</div>
            <div class="value">
                                    Undisclosed
                            </div>

            <div class="tombstone-flip">
                <img src="/assets/img/tombstone-flip.svg" alt="View Back of Transaction">
            </div>
        </div>
    </div>
    <div class="back">
        <div class="transaction-header">
            Clearwater Advisers        </div>
        <div class="advisers">
            <ul>
                                    <li><a href="https://www.clearwaterinternational.com/team/carsten-rydahl">Carsten Rydahl</a></li>
                                    <li><a href="https://www.clearwaterinternational.com/team/klaus-hansted">Klaus Hansted</a></li>
                                    <li><a href="https://www.clearwaterinternational.com/team/mathias-senger">Mathias Senger</a></li>
                            </ul>
        </div>
        <div class="advisor-info">
                                                    <p>Adviser to Kemi-tech on its sale to Sdiptech</p>
                                        <a class="btn btn-small btn-solid more" href="https://www.clearwaterinternational.com/transactions/clearwater-international-advises-kemi-tech-on-its-sale-to-sdiptech">View more</a>
                    </div>
    </div>
</li>
                                                                                                            
<li>
    <div class="front">
        <div class="transaction-header">
                            <ul class="sectors">
                                                                    
                        <li>
                        <a href="https://www.clearwaterinternational.com/sectors/industrials-and-chemicals" title="Industrials &amp; Chemicals">
                            <svg class="icon icon-industrials-and-chemicals" style="width: 45px; height: 45px; --color1: #fff; --color2: #fff;"><use xlink:href="#icon-industrials-and-chemicals"></use></svg>
                        </a>
                    </li>
                                    </ul>
                        <ul class="flag">
                                    <li>
                        <span class="flagHolder">
                            <span title="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/Inopower.png" title="Inopower" alt="Image of Inopower 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/146650/Magnesium-Capital.png" title="Magnesium Capital" alt="Image of Magnesium 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/carsten-rydahl">Carsten Rydahl</a></li>
                                    <li><a href="https://www.clearwaterinternational.com/team/allan-pedersen">Allan John Pedersen</a></li>
                                    <li><a href="https://www.clearwaterinternational.com/team/mathias-senger">Mathias Senger</a></li>
                            </ul>
        </div>
        <div class="advisor-info">
                                                    <p>Adviser to Inopower on its sale to Magnesium Capital</p>
                                        <a class="btn btn-small btn-solid more" href="https://www.clearwaterinternational.com/transactions/clearwater-international-advises-inopower-on-its-sale-to-magnesium-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/industrials-and-chemicals" title="Industrials &amp; Chemicals">
                            <svg class="icon icon-industrials-and-chemicals" style="width: 45px; height: 45px; --color1: #fff; --color2: #fff;"><use xlink:href="#icon-industrials-and-chemicals"></use></svg>
                        </a>
                    </li>
                                    </ul>
                        <ul class="flag">
                                    <li>
                        <span class="flagHolder">
                            <span title="Denmark" class="flag-denmark"></span>
                        </span>
                    </li>
                            </ul>
        </div>
        <div class="transaction-detail">
            <div class="company">
                                    <img class="object-fit" data-object-fit="contain" src="https://www.clearwaterinternational.com/assets/transaction_logos/_transactionLogo/OJ-Electronics.png" title="OJ Electronics" alt="Image of OJ Electronics 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/146213/Bitzer.png" title="Bitzer" alt="Image of Bitzer Company Logo"/>
                            </div>
        </div>
        <div class="additional-info">
                        <div class="term">Sell-side</div>
            <div class="value">
                                    Undisclosed
                            </div>

            <div class="tombstone-flip">
                <img src="/assets/img/tombstone-flip.svg" alt="View Back of Transaction">
            </div>
        </div>
    </div>
    <div class="back">
        <div class="transaction-header">
            Clearwater Advisers        </div>
        <div class="advisers">
            <ul>
                                    <li><a href="https://www.clearwaterinternational.com/team/carsten-rydahl">Carsten Rydahl</a></li>
                                    <li><a href="https://www.clearwaterinternational.com/team/klaus-hansted">Klaus Hansted</a></li>
                                    <li><a href="https://www.clearwaterinternational.com/team/jesper-pedersen">Jesper Pedersen</a></li>
                                    <li><a href="https://www.clearwaterinternational.com/team/anders-hein-vrå">Anders Hein Vrå</a></li>
                                    <li><a href="https://www.clearwaterinternational.com/team/julie-marianne-edslev-christensen">Julie Marianne Edslev-Christensen</a></li>
                            </ul>
        </div>
        <div class="advisor-info">
                                                    <p>Adviser to OJ Electronics on its sale to Bitzer</p>
                                        <a class="btn btn-small btn-solid more" href="https://www.clearwaterinternational.com/transactions/clearwater-international-advises-oj-electronics-on-its-sale-to-bitzer">View more</a>
                    </div>
    </div>
</li>
                                                                                                            
<li>
    <div class="front">
        <div class="transaction-header">
                            <ul class="sectors">
                                                                    
                        <li>
                        <a href="https://www.clearwaterinternational.com/sectors/industrials-and-chemicals" title="Industrials &amp; Chemicals">
                            <svg class="icon icon-industrials-and-chemicals" style="width: 45px; height: 45px; --color1: #fff; --color2: #fff;"><use xlink:href="#icon-industrials-and-chemicals"></use></svg>
                        </a>
                    </li>
                                    </ul>
                        <ul class="flag">
                                    <li>
                        <span class="flagHolder">
                            <span title="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/143269/Volution.png" title="Volution" alt="Image of Volution 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/143270/Ventilairsec.png" title="Ventilairsec Group" alt="Image of Ventilairsec 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/alexandre-forget">Alexandre Forget</a></li>
                                    <li><a href="https://www.clearwaterinternational.com/team/florian-galizia">Florian Galizia</a></li>
                            </ul>
        </div>
        <div class="advisor-info">
                                                    <p>Adviser to the shareholders of Volution Group in the acquisition of Ventilairsec Group</p>
                                        <a class="btn btn-small btn-solid more" href="https://www.clearwaterinternational.com/transactions/clearwater-international-advises-volution-group-on-the-acquisition-of-ventilairsec-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/industrials-and-chemicals" title="Industrials &amp; Chemicals">
                            <svg class="icon icon-industrials-and-chemicals" style="width: 45px; height: 45px; --color1: #fff; --color2: #fff;"><use xlink:href="#icon-industrials-and-chemicals"></use></svg>
                        </a>
                    </li>
                            </ul>
                        <ul class="flag">
                                    <li>
                        <span class="flagHolder">
                            <span title="France" class="flag-france"></span>
                        </span>
                    </li>
                            </ul>
        </div>
        <div class="transaction-detail">
            <div class="company">
                                    <img class="object-fit" data-object-fit="contain" src="https://www.clearwaterinternational.com/assets/transaction_logos/_transactionLogo/Naxicap-logo_2022-08-22-153600_axwq.png" title="Naxicap" alt="Image of Naxicap 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/FP-Pack-TPG-Pack-Malengé.png" title="FP Pack, TPG Pack, Malengé" alt="Image of FP Pack, TPG Pack, Malengé 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/Ouest-Croissance-Bpifrance-Capitem.png" title="Ouest Croissance, Bpifrance, and Capitem" alt="Image of Ouest Croissance, Bpifrance, and Capitem 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/pierre-henri-avalle">Pierre-Henri Avalle</a></li>
                                    <li><a href="https://www.clearwaterinternational.com/team/arthur-jacqmin">Arthur Jacqmin</a></li>
                            </ul>
        </div>
        <div class="advisor-info">
                                                    <p>Adviser to Naxicap on the sale of FP Pack Group to a consortium of investors</p>
                                        <a class="btn btn-small btn-solid more" href="https://www.clearwaterinternational.com/transactions/clearwater-international-advises-naxicap-and-stéphane-françois-on-the-structuring-of-a-new-buyout-on-sodeprint-fp-pack-tpg-pack-malengé-with-a-consortium-of-investors">View more</a>
                    </div>
    </div>
</li>
                                                                                                            
<li>
    <div class="front">
        <div class="transaction-header">
                            <ul class="sectors">
                                                                    
                        <li>
                        <a href="https://www.clearwaterinternational.com/sectors/industrials-and-chemicals" title="Industrials &amp; Chemicals">
                            <svg class="icon icon-industrials-and-chemicals" style="width: 45px; height: 45px; --color1: #fff; --color2: #fff;"><use xlink:href="#icon-industrials-and-chemicals"></use></svg>
                        </a>
                    </li>
                                    </ul>
                        <ul class="flag">
                                    <li>
                        <span class="flagHolder">
                            <span title="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/Eurevia.png" title="Eurevia" alt="Image of Eurevia 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/BDR-Thermea.png" title="BDR Thermea" alt="Image of BDR Thermea Company Logo"/>
                            </div>
        </div>
        <div class="additional-info">
                        <div class="term">Sell-side</div>
            <div class="value">
                                    Undisclosed
                            </div>

            <div class="tombstone-flip">
                <img src="/assets/img/tombstone-flip.svg" alt="View Back of Transaction">
            </div>
        </div>
    </div>
    <div class="back">
        <div class="transaction-header">
            Clearwater Advisers        </div>
        <div class="advisers">
            <ul>
                                    <li><a href="https://www.clearwaterinternational.com/team/alexandre-forget">Alexandre Forget</a></li>
                                    <li><a href="https://www.clearwaterinternational.com/team/jérémy-zeller">Jérémy Zeller</a></li>
                            </ul>
        </div>
        <div class="advisor-info">
                                                    <p>Adviser to the shareholders of Eurevia on its sale to BDR Thermea</p>
                                        <a class="btn btn-small btn-solid more" href="https://www.clearwaterinternational.com/transactions/clearwater-international-advises-eurevia-on-the-sale-of-a-majority-stake-to-bdr-thermea">View more</a>
                    </div>
    </div>
</li>
                                                                                                            
<li>
    <div class="front">
        <div class="transaction-header">
                            <ul class="sectors">
                                                                    
                        <li>
                        <a href="https://www.clearwaterinternational.com/sectors/industrials-and-chemicals" title="Industrials &amp; Chemicals">
                            <svg class="icon icon-industrials-and-chemicals" style="width: 45px; height: 45px; --color1: #fff; --color2: #fff;"><use xlink:href="#icon-industrials-and-chemicals"></use></svg>
                        </a>
                    </li>
                                    </ul>
                        <ul class="flag">
                                    <li>
                        <span class="flagHolder">
                            <span title="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/PR-electronics.png" title="PR electronics" alt="Image of PR electronics 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/Kirk-Capital-AGIC-Capital.png" title="Kirk Kapital and AGIC Capital" alt="Image of Kirk Kapital and AGIC 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/carsten-rydahl">Carsten Rydahl</a></li>
                                    <li><a href="https://www.clearwaterinternational.com/team/klaus-hansted">Klaus Hansted</a></li>
                                    <li><a href="https://www.clearwaterinternational.com/team/rasmus-ostergaard">Rasmus Østergaard</a></li>
                                    <li><a href="https://www.clearwaterinternational.com/team/anders-hein-vrå">Anders Hein Vrå</a></li>
                                    <li><a href="https://www.clearwaterinternational.com/team/jonas-kristensen">Jonas Kristensen</a></li>
                            </ul>
        </div>
        <div class="advisor-info">
                                                    <p>Adviser to PR electronics on its sale to Kirk Kapital and AGIC Capital</p>
                                        <a class="btn btn-small btn-solid more" href="https://www.clearwaterinternational.com/transactions/clearwater-international-advises-the-owners-of-pr-electronics-on-its-sale-to-kirk-kapital-and-agic-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/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/WEIG-Group_new.png" title="WEIG" alt="Image of WEIG 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/Kartonfabrik-Buchmann-GmbH.png" title="Kartonfabrik Buchmann GmbH" alt="Image of Kartonfabrik Buchmann GmbH 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/dierk-rottmann">Dierk Rottmann</a></li>
                                    <li><a href="https://www.clearwaterinternational.com/team/moritz-stupka">Moritz Stupka</a></li>
                                    <li><a href="https://www.clearwaterinternational.com/team/lukas-augsbach">Lukas Augsbach</a></li>
                                    <li><a href="https://www.clearwaterinternational.com/team/philipp-welker">Philipp Welker</a></li>
                                    <li><a href="https://www.clearwaterinternational.com/team/simon-charisis">Simon Charisis</a></li>
                            </ul>
        </div>
        <div class="advisor-info">
                                                    <p>Adviser to WEIG on its acquisition of Buchmann</p>
                                        <a class="btn btn-small btn-solid more" href="https://www.clearwaterinternational.com/transactions/clearwater-international-advises-weig-on-its-acquisition-of-buchmann">View more</a>
                    </div>
    </div>
</li>
                                                                                                            
<li>
    <div class="front">
        <div class="transaction-header">
                            <ul class="sectors">
                                                                    
                        <li>
                        <a href="https://www.clearwaterinternational.com/sectors/industrials-and-chemicals" title="Industrials &amp; Chemicals">
                            <svg class="icon icon-industrials-and-chemicals" style="width: 45px; height: 45px; --color1: #fff; --color2: #fff;"><use xlink:href="#icon-industrials-and-chemicals"></use></svg>
                        </a>
                    </li>
                                    </ul>
                        <ul class="flag">
                                    <li>
                        <span class="flagHolder">
                            <span title="Germany" class="flag-germany"></span>
                        </span>
                    </li>
                            </ul>
        </div>
        <div class="transaction-detail">
            <div class="company">
                                    <img class="object-fit" data-object-fit="contain" src="https://www.clearwaterinternational.com/assets/transaction_logos/_transactionLogo/WEIG-Group_new.png" title="WEIG" alt="Image of WEIG Company Logo"/>
                            </div>
            <div class="action">raised finance to support the acquisition of</div>
            <div class="company">
                                    <img class="object-fit" data-object-fit="contain" src="https://www.clearwaterinternational.com/assets/transaction_logos/_transactionLogo/Kartonfabrik-Buchmann-GmbH.png" title="Kartonfabrik Buchmann GmbH" alt="Image of Kartonfabrik Buchmann GmbH Company Logo"/>
                            </div>
        </div>
        <div class="additional-info">
                        <div class="term">Acquisition finance</div>
            <div class="value">
                                    Undisclosed
                            </div>

            <div class="tombstone-flip">
                <img src="/assets/img/tombstone-flip.svg" alt="View Back of Transaction">
            </div>
        </div>
    </div>
    <div class="back">
        <div class="transaction-header">
            Clearwater Advisers        </div>
        <div class="advisers">
            <ul>
                                    <li><a href="https://www.clearwaterinternational.com/team/dierk-rottmann">Dierk Rottmann</a></li>
                                    <li><a href="https://www.clearwaterinternational.com/team/moritz-stupka">Moritz Stupka</a></li>
                                    <li><a href="https://www.clearwaterinternational.com/team/lukas-augsbach">Lukas Augsbach</a></li>
                                    <li><a href="https://www.clearwaterinternational.com/team/philipp-welker">Philipp Welker</a></li>
                                    <li><a href="https://www.clearwaterinternational.com/team/simon-charisis">Simon Charisis</a></li>
                            </ul>
        </div>
        <div class="advisor-info">
                                                    <p>Adviser to WEIG on raising finance to support the acquisition of Buchmann</p>
                                        <a class="btn btn-small btn-solid more" href="https://www.clearwaterinternational.com/transactions/clearwater-international-advises-weig-on-raising-finance-to-support-the-acquisition-of-buchmann">View more</a>
                    </div>
    </div>
</li>
                                                                                                            
<li>
    <div class="front">
        <div class="transaction-header">
                            <ul class="sectors">
                                                                    
                        <li>
                        <a href="https://www.clearwaterinternational.com/sectors/industrials-and-chemicals" title="Industrials &amp; Chemicals">
                            <svg class="icon icon-industrials-and-chemicals" style="width: 45px; height: 45px; --color1: #fff; --color2: #fff;"><use xlink:href="#icon-industrials-and-chemicals"></use></svg>
                        </a>
                    </li>
                                    </ul>
                        <ul class="flag">
                                    <li>
                        <span class="flagHolder">
                            <span title="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/140595/ADF.png" title="ADF Group" alt="Image of ADF 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/Novexa.png" title="Novexa" alt="Image of Novexa 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/alexandre-forget">Alexandre Forget</a></li>
                                    <li><a href="https://www.clearwaterinternational.com/team/jonathan-bursztyn">Jonathan Bursztyn</a></li>
                            </ul>
        </div>
        <div class="advisor-info">
                                                    <p>Adviser to ADF Group on the acquisition of Novexa Group</p>
                                        <a class="btn btn-small btn-solid more" href="https://www.clearwaterinternational.com/transactions/clearwater-international-advises-adf-group-on-the-acquisition-of-novexa-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/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/139950/Bencis-Capital-Partners.png" title="Bencis Capital Partners" alt="Image of Bencis Capital Partners Company Logo"/>
                            </div>
            <div class="action">raised finance to support the acquisition of</div>
            <div class="company">
                                    <img class="object-fit" data-object-fit="contain" src="https://www.clearwaterinternational.com/assets/transaction_logos/_transactionLogo/HEYtex.png" title="Heytex Group" alt="Image of Heytex Group Company Logo"/>
                            </div>
            <div class="action">from</div>
            <div class="company">
                                    <img class="object-fit" data-object-fit="contain" src="https://www.clearwaterinternational.com/assets/transaction_logos/_transactionLogo/139978/Deutsche-Beteiligungs-AG_2023-02-27-173713_wjfw.png" title="DBAG" alt="Image of DBAG 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>
                            </ul>
        </div>
        <div class="advisor-info">
                                                    <p>Adviser to Bencis Capital Partners on raising finance to support the acquisition of Heytex Group</p>
                                        <a class="btn btn-small btn-solid more" href="https://www.clearwaterinternational.com/transactions/clearwater-international-advises-bencis-capital-partners-on-raising-finance-to-support-the-acquisition-of-heytex-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/industrials-and-chemicals" title="Industrials &amp; Chemicals">
                            <svg class="icon icon-industrials-and-chemicals" style="width: 45px; height: 45px; --color1: #fff; --color2: #fff;"><use xlink:href="#icon-industrials-and-chemicals"></use></svg>
                        </a>
                    </li>
                                    </ul>
                        <ul class="flag">
                                    <li>
                        <span class="flagHolder">
                            <span title="Denmark" class="flag-denmark"></span>
                        </span>
                    </li>
                            </ul>
        </div>
        <div class="transaction-detail">
            <div class="company">
                                    <img class="object-fit" data-object-fit="contain" src="https://www.clearwaterinternational.com/assets/transaction_logos/_transactionLogo/135185/Sax-Lift.png" title="Sax Lift" alt="Image of Sax Lift 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/Indutrade.png" title="Indutrade" alt="Image of Indutrade Company Logo"/>
                            </div>
        </div>
        <div class="additional-info">
                        <div class="term">Sell-side</div>
            <div class="value">
                                    Undisclosed
                            </div>

            <div class="tombstone-flip">
                <img src="/assets/img/tombstone-flip.svg" alt="View Back of Transaction">
            </div>
        </div>
    </div>
    <div class="back">
        <div class="transaction-header">
            Clearwater Advisers        </div>
        <div class="advisers">
            <ul>
                                    <li><a href="https://www.clearwaterinternational.com/team/lars-rau-jacobsen">Lars Rau Jacobsen</a></li>
                                    <li><a href="https://www.clearwaterinternational.com/team/klaus-hansted">Klaus Hansted</a></li>
                                    <li><a href="https://www.clearwaterinternational.com/team/rune-tornsberg">Rune Tornsberg</a></li>
                            </ul>
        </div>
        <div class="advisor-info">
                                                    <p>Adviser to Sax Lift on its sale to Indutrade</p>
                                        <a class="btn btn-small btn-solid more" href="https://www.clearwaterinternational.com/transactions/clearwater-international-advises-sax-lift-on-its-sale-to-indutrade">View more</a>
                    </div>
    </div>
</li>
                                                                                                            
<li>
    <div class="front">
        <div class="transaction-header">
                            <ul class="sectors">
                                                                    
                        <li>
                        <a href="https://www.clearwaterinternational.com/sectors/automotive" title="Automotive">
                            <svg class="icon icon-automotive" style="width: 45px; height: 45px; --color1: #fff; --color2: #fff;"><use xlink:href="#icon-automotive"></use></svg>
                        </a>
                    </li>
                                                                    
                        <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="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/Nazca.png" title="Nazca Capital" alt="Image of Nazca Capital Company Logo"/>
                            </div>
            <div class="action">on its acquisition of</div>
            <div class="company">
                                    <img class="object-fit" data-object-fit="contain" src="https://www.clearwaterinternational.com/assets/transaction_logos/_transactionLogo/DOGA-logo.png" title="Doga" alt="Image of Doga 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/francisco-gomez">Francisco Gómez</a></li>
                                    <li><a href="https://www.clearwaterinternational.com/team/alfons-cots">Alfons Cots</a></li>
                                    <li><a href="https://www.clearwaterinternational.com/team/fernando-cogollos">Fernando Cogollos</a></li>
                                    <li><a href="https://www.clearwaterinternational.com/team/francisco-gonzalez-arconada">Francisco González</a></li>
                                    <li><a href="https://www.clearwaterinternational.com/team/tobias-schaetzmueller">Tobias Schätzmüller</a></li>
                                    <li><a href="https://www.clearwaterinternational.com/team/marc-da-fonseca-wollheim">Marc da Fonseca-Wollheim</a></li>
                            </ul>
        </div>
        <div class="advisor-info">
                                                    <p>Adviser to Nazca Capital on the acquisition of Doga</p>
                                        <a class="btn btn-small btn-solid more" href="https://www.clearwaterinternational.com/transactions/clearwater-international-advises-nazca-capital-on-its-acquisition-of-doga">View more</a>
                    </div>
    </div>
</li>
                                                                                                            
<li>
    <div class="front">
        <div class="transaction-header">
                            <ul class="sectors">
                                                                    
                        <li>
                        <a href="https://www.clearwaterinternational.com/sectors/industrials-and-chemicals" title="Industrials &amp; Chemicals">
                            <svg class="icon icon-industrials-and-chemicals" style="width: 45px; height: 45px; --color1: #fff; --color2: #fff;"><use xlink:href="#icon-industrials-and-chemicals"></use></svg>
                        </a>
                    </li>
                                    </ul>
                        <ul class="flag">
                                    <li>
                        <span class="flagHolder">
                            <span title="UK" class="flag-united-kingdom"></span>
                        </span>
                    </li>
                            </ul>
        </div>
        <div class="transaction-detail">
            <div class="company">
                                    <img class="object-fit" data-object-fit="contain" src="https://www.clearwaterinternational.com/assets/transaction_logos/_transactionLogo/106868/Airedale.png" title="Airedale Group" alt="Image of Airedale Group Company Logo"/>
                            </div>
            <div class="action">financial modelling services</div>
            <div class="company">
                            </div>
        </div>
        <div class="additional-info">
                        <div class="term">Financial Modelling</div>
            <div class="value">
                                                                                Undisclosed
                                                </div>

            <div class="tombstone-flip">
                <img src="/assets/img/tombstone-flip.svg" alt="View Back of Transaction">
            </div>
        </div>
    </div>
    <div class="back">
        <div class="transaction-header">
            Clearwater Advisers        </div>
        <div class="advisers">
            <ul>
                                    <li><a href="https://www.clearwaterinternational.com/team/tom-barnwell">Tom Barnwell</a></li>
                                    <li><a href="https://www.clearwaterinternational.com/team/charlie-forshaw">Charlie Forshaw</a></li>
                            </ul>
        </div>
        <div class="advisor-info">
                                                    <p>Adviser to Airedale Group on scenario modelling and forecasting</p>
                                </div>
    </div>
</li>
                                                                                                            
<li>
    <div class="front">
        <div class="transaction-header">
                            <ul class="sectors">
                                                                    
                        <li>
                        <a href="https://www.clearwaterinternational.com/sectors/industrials-and-chemicals" title="Industrials &amp; Chemicals">
                            <svg class="icon icon-industrials-and-chemicals" style="width: 45px; height: 45px; --color1: #fff; --color2: #fff;"><use xlink:href="#icon-industrials-and-chemicals"></use></svg>
                        </a>
                    </li>
                                                                    
                        <li>
                        <a href="https://www.clearwaterinternational.com/sectors/real-estate" title="Real Estate">
                            <svg class="icon icon-real-estate" style="width: 45px; height: 45px; --color1: #fff; --color2: #fff;"><use xlink:href="#icon-real-estate"></use></svg>
                        </a>
                    </li>
                                    </ul>
                        <ul class="flag">
                                    <li>
                        <span class="flagHolder">
                            <span title="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/Tearfil.png" title="Tearfil Group" alt="Image of Tearfil Group Company Logo"/>
                            </div>
            <div class="action">sold its industrial facilities to</div>
            <div class="company">
                                    <img class="object-fit" data-object-fit="contain" src="https://www.clearwaterinternational.com/assets/transaction_logos/_transactionLogo/Turismo-Fundos.png" title="Turismo Fundos" alt="Image of Turismo Fundos 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/jose-lemos">José Lemos</a></li>
                                    <li><a href="https://www.clearwaterinternational.com/team/artur-pereira">Artur Pereira</a></li>
                                    <li><a href="https://www.clearwaterinternational.com/team/filipa-fontão">Filipa Fontão</a></li>
                            </ul>
        </div>
        <div class="advisor-info">
                                                    <p>Adviser to Tearfil Group on the sale of its industrial facilities to Turismo Fundos</p>
                                        <a class="btn btn-small btn-solid more" href="https://www.clearwaterinternational.com/transactions/clearwater-international-advises-tearfil-group-on-the-sale-and-leaseback-of-its-industrial-facilities-to-turismo-fundos">View more</a>
                    </div>
    </div>
</li>
                                                                                                            
<li>
    <div class="front">
        <div class="transaction-header">
                            <ul class="sectors">
                                                                    
                        <li>
                        <a href="https://www.clearwaterinternational.com/sectors/industrials-and-chemicals" title="Industrials &amp; Chemicals">
                            <svg class="icon icon-industrials-and-chemicals" style="width: 45px; height: 45px; --color1: #fff; --color2: #fff;"><use xlink:href="#icon-industrials-and-chemicals"></use></svg>
                        </a>
                    </li>
                                    </ul>
                        <ul class="flag">
                                    <li>
                        <span class="flagHolder">
                            <span title="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/133898/Tic-elkas.png" title="Tic-elkas" alt="Image of Tic-elkas 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/133899/Dansk-Ejerkapital.png" title="Dansk Ejerkapital" alt="Image of Dansk Ejerkapital 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/stig-windelov">Stig Windeløv</a></li>
                                    <li><a href="https://www.clearwaterinternational.com/team/simon-sig-vestbjerg">Simon Sig Vestbjerg</a></li>
                                    <li><a href="https://www.clearwaterinternational.com/team/mads-christian-jensen">Mads-Christian Jensen</a></li>
                            </ul>
        </div>
        <div class="advisor-info">
                                                    <p>Adviser to Tic-Elkas on its sale to Dansk Ejerkapital</p>
                                        <a class="btn btn-small btn-solid more" href="https://www.clearwaterinternational.com/transactions/clearwater-international-advises-tic-elkas-on-its-sale-to-dansk-ejerkapital">View more</a>
                    </div>
    </div>
</li>
                                                                                                            <li class="triple">
    <div class="front">
        <div class="transaction-header">
                        <ul class="sectors">
                                                        
                    <li>
                        <a href="https://www.clearwaterinternational.com/sectors/industrials-and-chemicals" title="Industrials &amp; Chemicals">
                            <svg class="icon icon-industrials-and-chemicals" style="width: 45px; height: 45px; --color1: #fff; --color2: #fff;"><use xlink:href="#icon-industrials-and-chemicals"></use></svg>
                        </a>
                    </li>
                            </ul>
                        <ul class="flag">
                                    <li>
                        <span class="flagHolder">
                            <span title="UK" class="flag-united-kingdom"></span>
                        </span>
                    </li>
                            </ul>
        </div>
        <div class="transaction-detail">
            <div class="company">
                                    <img class="object-fit" data-object-fit="contain" src="https://www.clearwaterinternational.com/assets/transaction_logos/_transactionLogo/133895/Soho-Square-Capital.png" title="Soho Square Capital" alt="Image of Soho Square Capital Company Logo"/>
                            </div>
            <div class="action">on its sale of</div>
            <div class="company">
                                    <img class="object-fit" data-object-fit="contain" src="https://www.clearwaterinternational.com/assets/transaction_logos/_transactionLogo/133897/Alpine-Fire.png" title="Alpine Fire" alt="Image of Alpine Fire 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/Westbridge.png" title="WestBridge Capital" alt="Image of WestBridge 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/paul-jones">Paul Jones</a></li>
                                    <li><a href="https://www.clearwaterinternational.com/team/mark-maunsell">Mark Maunsell</a></li>
                                    <li><a href="https://www.clearwaterinternational.com/team/zack-goddard">Zack Goddard</a></li>
                                    <li><a href="https://www.clearwaterinternational.com/team/andrew-royle">Andrew Royle</a></li>
                                    <li><a href="https://www.clearwaterinternational.com/team/charlie-forshaw">Charlie Forshaw</a></li>
                            </ul>
        </div>
        <div class="advisor-info">
                                                    <p>Adviser to Soho Square Capital on the sale of Alpine Fire to WestBridge</p>
                                        <a class="btn btn-small btn-solid more" href="https://www.clearwaterinternational.com/transactions/clearwater-international-advises-soho-square-capital-on-the-sale-of-alpine-fire-to-westbridge">View more</a>
                    </div>
    </div>
</li>
                                                                                                            
<li>
    <div class="front">
        <div class="transaction-header">
                            <ul class="sectors">
                                                                    
                        <li>
                        <a href="https://www.clearwaterinternational.com/sectors/industrials-and-chemicals" title="Industrials &amp; Chemicals">
                            <svg class="icon icon-industrials-and-chemicals" style="width: 45px; height: 45px; --color1: #fff; --color2: #fff;"><use xlink:href="#icon-industrials-and-chemicals"></use></svg>
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                        <span class="flagHolder">
                            <span title="France" class="flag-france"></span>
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                        <span class="flagHolder">
                            <span title="Italy" class="flag-italy"></span>
                        </span>
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        <div class="transaction-detail">
            <div class="company">
                                    <img class="object-fit" data-object-fit="contain" src="https://www.clearwaterinternational.com/assets/transaction_logos/_transactionLogo/133141/Zuber-Rieder.png" title="Papeterie Zuber Rieder" alt="Image of Papeterie Zuber Rieder 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/Fedrigoni-Paper.png" title="Fedrigoni Group" alt="Image of Fedrigoni 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">
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            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/niccolo-querci">Niccolò Querci</a></li>
                                    <li><a href="https://www.clearwaterinternational.com/team/marc-aurèle-taverna">Marc-Aurèle Taverna</a></li>
                                    <li><a href="https://www.clearwaterinternational.com/team/marius-didier">Marius Didier</a></li>
                            </ul>
        </div>
        <div class="advisor-info">
                                                    <p>Adviser to the shareholders of Papeterie Zuber Rieder on its sale to Fedrigoni Group</p>
                                        <a class="btn btn-small btn-solid more" href="https://www.clearwaterinternational.com/transactions/clearwater-international-advises-the-shareholders-of-papeterie-zuber-rieder-on-its-sale-to-fedrigoni-group-to-create-the-worlds-leading-producer-of-premium-papers-for-the-wine-and-spirits-market">View more</a>
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        <div class="transaction-header">
                            <ul class="sectors">
                                                                    
                        <li>
                        <a href="https://www.clearwaterinternational.com/sectors/energy-and-utilities" title="Energy &amp; Utilities">
                            <svg class="icon icon-energy-and-utilities" style="width: 45px; height: 45px; --color1: #fff; --color2: #fff;"><use xlink:href="#icon-energy-and-utilities"></use></svg>
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                        <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>
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                        <ul class="flag">
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                        <span class="flagHolder">
                            <span title="Germany" class="flag-germany"></span>
                        </span>
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        <div class="transaction-detail">
            <div class="company">
                                    <img class="object-fit" data-object-fit="contain" src="https://www.clearwaterinternational.com/assets/transaction_logos/_transactionLogo/Phoenix-Contact-GmbH-Co.-KG.png" title="Phoenix Contact GmbH &amp; Co. KG" alt="Image of Phoenix Contact GmbH &amp; Co. KG Company Logo"/>
                            </div>
            <div class="action">self-arranged ESG-linked revolving credit facility</div>
            <div class="company">
                            </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">
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            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/lukas-augsbach">Lukas Augsbach</a></li>
                                    <li><a href="https://www.clearwaterinternational.com/team/leopold-querner">Leopold Querner</a></li>
                                    <li><a href="https://www.clearwaterinternational.com/team/kevin-meiser">Kevin Meiser</a></li>
                            </ul>
        </div>
        <div class="advisor-info">
                                                    <p>Adviser to Phoenix Contact on the arrangement of an ESG-linked revolving credit facility</p>
                                        <a class="btn btn-small btn-solid more" href="https://www.clearwaterinternational.com/transactions/clearwater-international-advised-phoenix-contact-on-the-arrangement-of-an-inaugural-esg-linked-self-arranged-revolving-credit-facility">View more</a>
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<li>
    <div class="front">
        <div class="transaction-header">
                            <ul class="sectors">
                                                                    
                        <li>
                        <a href="https://www.clearwaterinternational.com/sectors/automotive" title="Automotive">
                            <svg class="icon icon-automotive" style="width: 45px; height: 45px; --color1: #fff; --color2: #fff;"><use xlink:href="#icon-automotive"></use></svg>
                        </a>
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                        <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>
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                    </li>
                                    </ul>
                        <ul class="flag">
                                    <li>
                        <span class="flagHolder">
                            <span title="UK" class="flag-united-kingdom"></span>
                        </span>
                    </li>
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        <div class="transaction-detail">
            <div class="company">
                                    <img class="object-fit" data-object-fit="contain" src="https://www.clearwaterinternational.com/assets/transaction_logos/_transactionLogo/Drive-System-Design.png" title="Drive System Design" alt="Image of Drive System Design Company Logo"/>
                            </div>
            <div class="action">sold to</div>
            <div class="company">
                                    <img class="object-fit" data-object-fit="contain" src="https://www.clearwaterinternational.com/assets/transaction_logos/_transactionLogo/132816/Hinduja-Tech.png" title="Hinduja Tech" alt="Image of Hinduja Tech Company Logo"/>
                            </div>
        </div>
        <div class="additional-info">
                        <div class="term">Sell-side</div>
            <div class="value">
                                                                                Undisclosed
                                                </div>

            <div class="tombstone-flip">
                <img src="/assets/img/tombstone-flip.svg" alt="View Back of Transaction">
            </div>
        </div>
    </div>
    <div class="back">
        <div class="transaction-header">
            Clearwater Advisers        </div>
        <div class="advisers">
            <ul>
                                    <li><a href="https://www.clearwaterinternational.com/team/phil-burns">Phil Burns</a></li>
                                    <li><a href="https://www.clearwaterinternational.com/team/mark-gillingham">Mark Gillingham</a></li>
                                    <li><a href="https://www.clearwaterinternational.com/team/louise-hooper">Louise Hooper</a></li>
                            </ul>
        </div>
        <div class="advisor-info">
                                                    <p>Adviser to Drive System Design on its sale to Hinduja Tech</p>
                                        <a class="btn btn-small btn-solid more" href="https://www.clearwaterinternational.com/transactions/clearwater-international-advises-drive-system-design-on-its-sale-to-hinduja-tech">View more</a>
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<li>
    <div class="front">
        <div class="transaction-header">
                            <ul class="sectors">
                                                                    
                        <li>
                        <a href="https://www.clearwaterinternational.com/sectors/industrials-and-chemicals" title="Industrials &amp; Chemicals">
                            <svg class="icon icon-industrials-and-chemicals" style="width: 45px; height: 45px; --color1: #fff; --color2: #fff;"><use xlink:href="#icon-industrials-and-chemicals"></use></svg>
                        </a>
                    </li>
                                    </ul>
                        <ul class="flag">
                                    <li>
                        <span class="flagHolder">
                            <span title="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/132577/Nexxus-Iberia.png" title="Nexxus Iberia" alt="Image of Nexxus Iberia 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/Mirplay.png" title="Mirplay" alt="Image of Mirplay 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/david-serra">David Serra</a></li>
                                    <li><a href="https://www.clearwaterinternational.com/team/alfons-cots">Alfons Cots</a></li>
                                    <li><a href="https://www.clearwaterinternational.com/team/francisco-gonzalez-arconada">Francisco González</a></li>
                            </ul>
        </div>
        <div class="advisor-info">
                                                    <p>Adviser to Nexxus on its acquisition of Mirplay</p>
                                        <a class="btn btn-small btn-solid more" href="https://www.clearwaterinternational.com/transactions/clearwater-international-advises-nexxus-iberia-on-its-acquisition-of-mirplay">View more</a>
                    </div>
    </div>
</li>
                                                                                                            <li class="triple">
    <div class="front">
        <div class="transaction-header">
                        <ul class="sectors">
                                                        
                    <li>
                        <a href="https://www.clearwaterinternational.com/sectors/industrials-and-chemicals" title="Industrials &amp; Chemicals">
                            <svg class="icon icon-industrials-and-chemicals" style="width: 45px; height: 45px; --color1: #fff; --color2: #fff;"><use xlink:href="#icon-industrials-and-chemicals"></use></svg>
                        </a>
                    </li>
                            </ul>
                        <ul class="flag">
                                    <li>
                        <span class="flagHolder">
                            <span title="UK" class="flag-united-kingdom"></span>
                        </span>
                    </li>
                            </ul>
        </div>
        <div class="transaction-detail">
            <div class="company">
                                    <img class="object-fit" data-object-fit="contain" src="https://www.clearwaterinternational.com/assets/transaction_logos/_transactionLogo/Rubicon-Partners_v2.png" title="Rubicon Partners" alt="Image of Rubicon Partners Company Logo"/>
                            </div>
            <div class="action">on its sale of</div>
            <div class="company">
                                    <img class="object-fit" data-object-fit="contain" src="https://www.clearwaterinternational.com/assets/transaction_logos/_transactionLogo/John-Lawrie-Tubulars_v2.png" title="John Lawrie Tubulars" alt="Image of John Lawrie Tubulars 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/Center-Rock-Capital-Partners.png" title="Center Rock Capital Partners" alt="Image of Center Rock Capital Partners Company Logo"/>
                            </div>
        </div>
        <div class="additional-info">
                        <div class="term">Sell-side</div>
            <div class="value">
                                                                                Undisclosed
                                                </div>

            <div class="tombstone-flip">
                <img src="/assets/img/tombstone-flip.svg" alt="View Back of Transaction">
            </div>
        </div>
    </div>
    <div class="back">
        <div class="transaction-header">
            Clearwater Advisers
        </div>
        <div class="advisers">
            <ul>
                                    <li><a href="https://www.clearwaterinternational.com/team/michael-loudon">Michael Loudon</a></li>
                                    <li><a href="https://www.clearwaterinternational.com/team/richard-corrie">Richard Corrie</a></li>
                            </ul>
        </div>
        <div class="advisor-info">
                                                    <p>Adviser to Rubicon Partners on its sale of John Lawrie Tubulars to Center Rock Capital Partners</p>
                                        <a class="btn btn-small btn-solid more" href="https://www.clearwaterinternational.com/transactions/clearwater-international-advises-rubicon-partners-on-its-sale-of-john-lawrie-tubulars-to-center-rock-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/industrials-and-chemicals" title="Industrials &amp; Chemicals">
                            <svg class="icon icon-industrials-and-chemicals" style="width: 45px; height: 45px; --color1: #fff; --color2: #fff;"><use xlink:href="#icon-industrials-and-chemicals"></use></svg>
                        </a>
                    </li>
                                    </ul>
                        <ul class="flag">
                                    <li>
                        <span class="flagHolder">
                            <span title="France" class="flag-france"></span>
                        </span>
                    </li>
                            </ul>
        </div>
        <div class="transaction-detail">
            <div class="company">
                                    <img class="object-fit" data-object-fit="contain" src="https://www.clearwaterinternational.com/assets/transaction_logos/_transactionLogo/DPI-Plastube.png" title="DPI" alt="Image of DPI 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/Thermador.png" title="Thermador Groupe" alt="Image of Thermador Groupe Company Logo"/>
                            </div>
        </div>
        <div class="additional-info">
                        <div class="term">Sell-side</div>
            <div class="value">
                                                                                                            €36m
                                                                        </div>

            <div class="tombstone-flip">
                <img src="/assets/img/tombstone-flip.svg" alt="View Back of Transaction">
            </div>
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    </div>
    <div class="back">
        <div class="transaction-header">
            Clearwater Advisers        </div>
        <div class="advisers">
            <ul>
                                    <li><a href="https://www.clearwaterinternational.com/team/emmanuel-xerri">Emmanuel Xerri</a></li>
                                    <li><a href="https://www.clearwaterinternational.com/team/jérémy-zeller">Jérémy Zeller</a></li>
                            </ul>
        </div>
        <div class="advisor-info">
                                                    <p>Adviser to the founders of DPI Plastube on its sale to Thermador Group</p>
                                        <a class="btn btn-small btn-solid more" href="https://www.clearwaterinternational.com/transactions/clearwater-international-advises-the-founders-of-direct-pipe-industry-on-its-sale-to-thermador-groupe">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/industrials-and-chemicals" title="Industrials &amp; Chemicals">
                            <svg class="icon icon-industrials-and-chemicals" style="width: 45px; height: 45px; --color1: #fff; --color2: #fff;"><use xlink:href="#icon-industrials-and-chemicals"></use></svg>
                        </a>
                    </li>
                                    </ul>
                        <ul class="flag">
                                    <li>
                        <span class="flagHolder">
                            <span title="Denmark" class="flag-denmark"></span>
                        </span>
                    </li>
                            </ul>
        </div>
        <div class="transaction-detail">
            <div class="company">
                                    <img class="object-fit" data-object-fit="contain" src="https://www.clearwaterinternational.com/assets/transaction_logos/_transactionLogo/CUBIC.png" title="CUBE" alt="Image of CUBE 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/Rockwell.png" title="Rockwell Automation" alt="Image of Rockwell Automation Company Logo"/>
                            </div>
        </div>
        <div class="additional-info">
                        <div class="term">Sell-side</div>
            <div class="value">
                                    Undisclosed
                            </div>

            <div class="tombstone-flip">
                <img src="/assets/img/tombstone-flip.svg" alt="View Back of Transaction">
            </div>
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    </div>
    <div class="back">
        <div class="transaction-header">
            Clearwater Advisers        </div>
        <div class="advisers">
            <ul>
                                    <li><a href="https://www.clearwaterinternational.com/team/lars-rau-jacobsen">Lars Rau Jacobsen</a></li>
                                    <li><a href="https://www.clearwaterinternational.com/team/klaus-hansted">Klaus Hansted</a></li>
                                    <li><a href="https://www.clearwaterinternational.com/team/allan-pedersen">Allan John Pedersen</a></li>
                                    <li><a href="https://www.clearwaterinternational.com/team/rune-tornsberg">Rune Tornsberg</a></li>
                            </ul>
        </div>
        <div class="advisor-info">
                                                    <p>Adviser to CUBIC on its sale to Rockwell Automation</p>
                                        <a class="btn btn-small btn-solid more" href="https://www.clearwaterinternational.com/transactions/clearwater-international-advises-cubic-on-its-sale-to-rockwell-automation">View more</a>
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