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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">
                Financial Services
            </option>
                                <option
                                        value="45">
                Food &amp; Beverage
            </option>
                                <option
                                        value="46">
                Healthcare
            </option>
                                <option
                                        value="47">
                Industrials &amp; Chemicals
            </option>
                                <option
                                        value="48">
                Real Estate
            </option>
                                <option
                                        value="49">
                TMT
            </option>
            </select>
                            </div>
                            <div class="styled-select">
                                <select name="ser">
    <option value="" selected>Service</option>
                                                                <option
                                value="52" data-hiddenTo="sweden">
                Debt Advisory
            </option>
                                                            <option
                 selected
                                value="50" data-hiddenTo="">
                M&amp;A
            </option>
                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                            <option
                                value="54" data-hiddenTo="denmark, sweden">
                Management Advisory
            </option>
                                                                                                    <option
                                value="53" data-hiddenTo="denmark, sweden">
                Private Equity
            </option>
                        </select>
                            </div>
                            <div class="styled-select">
                                <select name="country">

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

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

        <section class="transactions main">
        <div class="contain">
                            
                
                                    <h3>
                        Transactions found for:
                                                M&amp;A                    </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="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/157851/Technic-Aviation-logo.png" title="Technic Aviation" alt="Image of Technic Aviation 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/Domusa.png" title="Domusa Group" alt="Image of Domusa 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/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 Technic Aviation on its sale to Domusa Group</p>
                                        <a class="btn btn-small btn-solid more" href="https://www.clearwaterinternational.com/transactions/clearwater-international-advises-technic-aviation-on-its-sale-to-the-domusa-group">View more</a>
                    </div>
    </div>
</li>
                                                                                                            
<li>
    <div class="front">
        <div class="transaction-header">
                            <ul class="sectors">
                                                                    
                        <li>
                        <a href="https://www.clearwaterinternational.com/sectors/business-services" title="Business Services">
                            <svg class="icon icon-business-services" style="width: 45px; height: 45px; --color1: #fff; --color2: #fff;"><use xlink:href="#icon-business-services"></use></svg>
                        </a>
                    </li>
                                    </ul>
                        <ul class="flag">
                                    <li>
                        <span class="flagHolder">
                            <span title="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/157298/AVK.png" title="AVK Group" alt="Image of AVK Group Company Logo"/>
                            </div>
            <div class="action">sold to</div>
            <div class="company">
                                    <img class="object-fit" data-object-fit="contain" src="https://www.clearwaterinternational.com/assets/transaction_logos/_transactionLogo/157299/Crest.png" title="Crest Capital Partners" alt="Image of Crest 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/jose-lemos">José Lemos</a></li>
                                    <li><a href="https://www.clearwaterinternational.com/team/jose-couto">José Couto</a></li>
                            </ul>
        </div>
        <div class="advisor-info">
                                                    <p>Adviser to AVK on its sale to Crest</p>
                                        <a class="btn btn-small btn-solid more" href="https://www.clearwaterinternational.com/transactions/clearwater-international-advises-avk-group-on-its-sale-to-crest">View more</a>
                    </div>
    </div>
</li>
                                                                                                            
<li>
    <div class="front">
        <div class="transaction-header">
                            <ul class="sectors">
                                                                    
                        <li>
                        <a href="https://www.clearwaterinternational.com/sectors/financial-services" title="Financial Services">
                            <svg class="icon icon-financial-services" style="width: 45px; height: 45px; --color1: #fff; --color2: #fff;"><use xlink:href="#icon-financial-services"></use></svg>
                        </a>
                    </li>
                                    </ul>
                        <ul class="flag">
                                    <li>
                        <span class="flagHolder">
                            <span title="Netherlands" class="flag-netherlands"></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/EVR.png" title="Eijgendaal &amp; Van Romondt" alt="Image of Eijgendaal &amp; Van Romondt Company Logo"/>
                            </div>
            <div class="action">entered a partnership with</div>
            <div class="company">
                                    <img class="object-fit" data-object-fit="contain" src="https://www.clearwaterinternational.com/assets/transaction_logos/_transactionLogo/157175/Söderberg-Partners.png" title="Söderberg &amp; Partners" alt="Image of Söderberg &amp; 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/harald-miedema">Harald Miedema</a></li>
                                    <li><a href="https://www.clearwaterinternational.com/team/mark-stoelinga">Mark Stoelinga</a></li>
                                    <li><a href="https://www.clearwaterinternational.com/team/christian-van-iersel">Christian van Iersel</a></li>
                                    <li><a href="https://www.clearwaterinternational.com/team/wouter-waterschoot">Wouter Waterschoot</a></li>
                            </ul>
        </div>
        <div class="advisor-info">
                                                    <p>Adviser to Eijgendaal &amp; Van Romondt on its sale of a majority stake to Söderberg &amp; Partners</p>
                                        <a class="btn btn-small btn-solid more" href="https://www.clearwaterinternational.com/transactions/clearwater-international-advises-eijgendaal-van-romondt-on-its-strategic-partnership-with-söderberg-partners">View more</a>
                    </div>
    </div>
</li>
                                                                                                            <li class="triple">
    <div class="front">
        <div class="transaction-header">
                        <ul class="sectors">
                                                        
                    <li>
                        <a href="https://www.clearwaterinternational.com/sectors/business-services" title="Business Services">
                            <svg class="icon icon-business-services" style="width: 45px; height: 45px; --color1: #fff; --color2: #fff;"><use xlink:href="#icon-business-services"></use></svg>
                        </a>
                    </li>
                            </ul>
                        <ul class="flag">
                                    <li>
                        <span class="flagHolder">
                            <span title="UK" class="flag-united-kingdom"></span>
                        </span>
                    </li>
                                    <li>
                        <span class="flagHolder">
                            <span title="France" class="flag-france"></span>
                        </span>
                    </li>
                                    <li>
                        <span class="flagHolder">
                            <span title="Netherlands" class="flag-netherlands"></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/157166/Suez-logo.png" title="Suez" alt="Image of Suez 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/DETS-Latis.png" title="DETS and Latis Scientific" alt="Image of DETS and Latis Scientific 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/Normec.png" title="Normec" alt="Image of Normec 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/lucas-genot">Lucas Genot</a></li>
                                    <li><a href="https://www.clearwaterinternational.com/team/valentine-mevel">Valentine Mevel</a></li>
                                    <li><a href="https://www.clearwaterinternational.com/team/mark-maunsell">Mark Maunsell</a></li>
                                    <li><a href="https://www.clearwaterinternational.com/team/willem-daris">Willem Daris</a></li>
                            </ul>
        </div>
        <div class="advisor-info">
                                                    <p>Adviser to Suez on the disposal of its environmental quality monitoring activity in the UK to Normec</p>
                                        <a class="btn btn-small btn-solid more" href="https://www.clearwaterinternational.com/transactions/clearwater-international-advises-suez-on-the-disposal-of-its-environmental-quality-monitoring-activity-in-the-uk-to-normec">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/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 class="triple">
    <div class="front">
        <div class="transaction-header">
                        <ul class="sectors">
                                                        
                    <li>
                        <a href="https://www.clearwaterinternational.com/sectors/business-services" title="Business Services">
                            <svg class="icon icon-business-services" style="width: 45px; height: 45px; --color1: #fff; --color2: #fff;"><use xlink:href="#icon-business-services"></use></svg>
                        </a>
                    </li>
                            </ul>
                        <ul class="flag">
                                    <li>
                        <span class="flagHolder">
                            <span title="Sweden" class="flag-sweden"></span>
                        </span>
                    </li>
                            </ul>
        </div>
        <div class="transaction-detail">
            <div class="company">
                                    <img class="object-fit" data-object-fit="contain" src="https://www.clearwaterinternational.com/assets/transaction_logos/_transactionLogo/Storskogen_logo.png" title="Storskogen" alt="Image of Storskogen 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/EVIAB-Vaxjo-ELP.png" title="EVIAB Gruppen, El &amp; Projektering Vetlanda, and Växjö Elmontage" alt="Image of EVIAB Gruppen, El &amp; Projektering Vetlanda, and Växjö Elmontage 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/Sandbackens.png" title="Sandbäckens" alt="Image of Sandbäckens Company Logo"/>
                            </div>
        </div>
        <div class="additional-info">
                        <div class="term">Sell-side</div>
            <div class="value">
                                    Undisclosed
                            </div>

            <div class="tombstone-flip">
                <img src="/assets/img/tombstone-flip.svg" alt="View Back of Transaction">
            </div>
        </div>
    </div>
    <div class="back">
        <div class="transaction-header">
            Clearwater Advisers
        </div>
        <div class="advisers">
            <ul>
                                    <li><a href="https://www.clearwaterinternational.com/team/tomas-almgren">Tomas Almgren</a></li>
                                    <li><a href="https://www.clearwaterinternational.com/team/andreas-klavebäck">Andreas Klavebäck</a></li>
                                    <li><a href="https://www.clearwaterinternational.com/team/marcus-lindberg">Marcus Lindberg</a></li>
                            </ul>
        </div>
        <div class="advisor-info">
                                                    <p>Adviser to Storskogen on the sale of three electrical installation companies to Sandbäckens</p>
                                        <a class="btn btn-small btn-solid more" href="https://www.clearwaterinternational.com/transactions/clearwater-international-advises-storskogen-on-its-sale-of-three-electrical-installation-companies-to-sandbäckens">View more</a>
                    </div>
    </div>
</li>
                                                                                                            <li class="triple">
    <div class="front">
        <div class="transaction-header">
                        <ul class="sectors">
                                                        
                    <li>
                        <a href="https://www.clearwaterinternational.com/sectors/consumer" title="Consumer">
                            <svg class="icon icon-consumer" style="width: 45px; height: 45px; --color1: #fff; --color2: #fff;"><use xlink:href="#icon-consumer"></use></svg>
                        </a>
                    </li>
                            </ul>
                        <ul class="flag">
                                    <li>
                        <span class="flagHolder">
                            <span title="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/INTERSPORT-Deutschland-eG.png" title="INTERSPORT Deutschland" alt="Image of INTERSPORT Deutschland 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/Sport-Voswinkel-GmbH-Co.-KG.png" title="Sport Voswinkel" alt="Image of Sport Voswinkel 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/Cisalfa-Sport-S.p.A.png" title="Cisalfa Sport" alt="Image of Cisalfa Sport Company Logo"/>
                            </div>
        </div>
        <div class="additional-info">
                        <div class="term">Sell-side</div>
            <div class="value">
                                    Undisclosed
                            </div>

            <div class="tombstone-flip">
                <img src="/assets/img/tombstone-flip.svg" alt="View Back of Transaction">
            </div>
        </div>
    </div>
    <div class="back">
        <div class="transaction-header">
            Clearwater Advisers
        </div>
        <div class="advisers">
            <ul>
                                    <li><a href="https://www.clearwaterinternational.com/team/axel-oltmann">Axel Oltmann</a></li>
                                    <li><a href="https://www.clearwaterinternational.com/team/mergim-tashefci">Mergim Tashefci</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 INTERSPORT Deutschland on the sale of Sport Voswinkel to Cisalfa Sport</p>
                                        <a class="btn btn-small btn-solid more" href="https://www.clearwaterinternational.com/transactions/clearwater-international-advises-intersport-deutschland-on-the-sale-of-sport-voswinkel-to-cisalfa-sport">View more</a>
                    </div>
    </div>
</li>
                                                                                                            <li class="triple">
    <div class="front">
        <div class="transaction-header">
                        <ul class="sectors">
                                                        
                    <li>
                        <a href="https://www.clearwaterinternational.com/sectors/tmt" title="TMT">
                            <svg class="icon icon-tmt" style="width: 45px; height: 45px; --color1: #fff; --color2: #fff;"><use xlink:href="#icon-tmt"></use></svg>
                        </a>
                    </li>
                            </ul>
                        <ul class="flag">
                                    <li>
                        <span class="flagHolder">
                            <span title="Italy" class="flag-italy"></span>
                        </span>
                    </li>
                            </ul>
        </div>
        <div class="transaction-detail">
            <div class="company">
                                    <img class="object-fit" data-object-fit="contain" src="https://www.clearwaterinternational.com/assets/transaction_logos/_transactionLogo/Lutech-SpA.png" title="Lutech" alt="Image of Lutech Company Logo"/>
                            </div>
            <div class="action">a portfolio company of</div>
            <div class="company">
                                    <img class="object-fit" data-object-fit="contain" src="https://www.clearwaterinternational.com/assets/transaction_logos/_transactionLogo/Apax-Partners.png" title="Apax" alt="Image of Apax 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/Eustema-SoftJam-02.png" title="Eustema and SoftJam" alt="Image of Eustema and SoftJam 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/marco-morfino">Marco Morfino</a></li>
                                    <li><a href="https://www.clearwaterinternational.com/team/stefano-goldberg">Stefano Goldberg</a></li>
                                    <li><a href="https://www.clearwaterinternational.com/team/arturo-polesello-gregorini">Arturo Polesello Gregorini</a></li>
                            </ul>
        </div>
        <div class="advisor-info">
                                                    <p>Adviser to Lutech on its acquisition of Eustema and its subsidiary SoftJam</p>
                                        <a class="btn btn-small btn-solid more" href="https://www.clearwaterinternational.com/transactions/clearwater-international-advises-lutech-on-its-acquisition-of-eustema-and-its-subsidiary-softjam">View more</a>
                    </div>
    </div>
</li>
                                                                                                            
<li>
    <div class="front">
        <div class="transaction-header">
                            <ul class="sectors">
                                                                    
                        <li>
                        <a href="https://www.clearwaterinternational.com/sectors/healthcare" title="Healthcare">
                            <svg class="icon icon-healthcare" style="width: 45px; height: 45px; --color1: #fff; --color2: #fff;"><use xlink:href="#icon-healthcare"></use></svg>
                        </a>
                    </li>
                                                                    
                        <li>
                        <a href="https://www.clearwaterinternational.com/sectors/tmt" title="TMT">
                            <svg class="icon icon-tmt" style="width: 45px; height: 45px; --color1: #fff; --color2: #fff;"><use xlink:href="#icon-tmt"></use></svg>
                        </a>
                    </li>
                                    </ul>
                        <ul class="flag">
                                    <li>
                        <span class="flagHolder">
                            <span title="UK" class="flag-united-kingdom"></span>
                        </span>
                    </li>
                            </ul>
        </div>
        <div class="transaction-detail">
            <div class="company">
                                    <img class="object-fit" data-object-fit="contain" src="https://www.clearwaterinternational.com/assets/transaction_logos/_transactionLogo/Mayden-Ventures-Limited.png" title="Mayden Ventures Limited" alt="Image of Mayden Ventures Limited Company Logo"/>
                            </div>
            <div class="action">on its investment from</div>
            <div class="company">
                                    <img class="object-fit" data-object-fit="contain" src="https://www.clearwaterinternational.com/assets/transaction_logos/_transactionLogo/G-Square-Capital.png" title="G Square Capital" alt="Image of G Square 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/wesley-fell-smith">Wesley Fell-Smith</a></li>
                                    <li><a href="https://www.clearwaterinternational.com/team/hemavli-bali">Hemavli Bali</a></li>
                                    <li><a href="https://www.clearwaterinternational.com/team/kirsty-handley">Kirsty Handley</a></li>
                                    <li><a href="https://www.clearwaterinternational.com/team/chris-black">Chris Black</a></li>
                                    <li><a href="https://www.clearwaterinternational.com/team/emily-adlard">Emily Adlard</a></li>
                                    <li><a href="https://www.clearwaterinternational.com/team/manisha-thukral">Manisha Thukral</a></li>
                                    <li><a href="https://www.clearwaterinternational.com/team/jennifer-manning">Jennifer Manning</a></li>
                                    <li><a href="https://www.clearwaterinternational.com/team/tom-loveland">Tom Loveland</a></li>
                                    <li><a href="https://www.clearwaterinternational.com/team/chris-smith">Chris Smith</a></li>
                                    <li><a href="https://www.clearwaterinternational.com/team/julie-lada">Julie Lada</a></li>
                                    <li><a href="https://www.clearwaterinternational.com/team/arush-manchanda">Arush Manchanda</a></li>
                            </ul>
        </div>
        <div class="advisor-info">
                                                    <p>Adviser to Mayden on its partnership with G Square</p>
                                        <a class="btn btn-small btn-solid more" href="https://www.clearwaterinternational.com/transactions/clearwater-international-advises-mayden-on-its-partnership-with-g-square">View more</a>
                    </div>
    </div>
</li>
                                                                                                            <li class="triple">
    <div class="front">
        <div class="transaction-header">
                        <ul class="sectors">
                                                        
                    <li>
                        <a href="https://www.clearwaterinternational.com/sectors/tmt" title="TMT">
                            <svg class="icon icon-tmt" style="width: 45px; height: 45px; --color1: #fff; --color2: #fff;"><use xlink:href="#icon-tmt"></use></svg>
                        </a>
                    </li>
                            </ul>
                        <ul class="flag">
                                    <li>
                        <span class="flagHolder">
                            <span title="Spain" class="flag-spain"></span>
                        </span>
                    </li>
                            </ul>
        </div>
        <div class="transaction-detail">
            <div class="company">
                                    <img class="object-fit" data-object-fit="contain" src="https://www.clearwaterinternational.com/assets/transaction_logos/_transactionLogo/155925/Novabase.png" title="Novabase" alt="Image of Novabase 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/Neotalent.png" title="Neotalent" alt="Image of Neotalent 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/Conclusion.png" title="Conclusion" alt="Image of Conclusion Company Logo"/>
                            </div>
        </div>
        <div class="additional-info">
                        <div class="term">Sell-side</div>
            <div class="value">
                                    Undisclosed
                            </div>

            <div class="tombstone-flip">
                <img src="/assets/img/tombstone-flip.svg" alt="View Back of Transaction">
            </div>
        </div>
    </div>
    <div class="back">
        <div class="transaction-header">
            Clearwater Advisers
        </div>
        <div class="advisers">
            <ul>
                                    <li><a href="https://www.clearwaterinternational.com/team/miquel-marti">Miquel Martí</a></li>
                                    <li><a href="https://www.clearwaterinternational.com/team/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 Novabase on its sale of Neotalent to Conclusion</p>
                                        <a class="btn btn-small btn-solid more" href="https://www.clearwaterinternational.com/transactions/clearwater-international-advises-novabase-on-its-sale-of-neotalent-to-conclusion">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/business-services" title="Business Services">
                            <svg class="icon icon-business-services" style="width: 45px; height: 45px; --color1: #fff; --color2: #fff;"><use xlink:href="#icon-business-services"></use></svg>
                        </a>
                    </li>
                                    </ul>
                        <ul class="flag">
                                    <li>
                        <span class="flagHolder">
                            <span title="Sweden" class="flag-sweden"></span>
                        </span>
                    </li>
                            </ul>
        </div>
        <div class="transaction-detail">
            <div class="company">
                                    <img class="object-fit" data-object-fit="contain" src="https://www.clearwaterinternational.com/assets/transaction_logos/_transactionLogo/155590/Freys-Express.png" title="Freys Express" alt="Image of Freys Express 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/Pamica.png" title="Pamica Group" alt="Image of Pamica 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/henrik-falkenby">Henrik Falkenby</a></li>
                                    <li><a href="https://www.clearwaterinternational.com/team/felix-hansson">Felix Hansson</a></li>
                            </ul>
        </div>
        <div class="advisor-info">
                                                    <p>Adviser to Freys Express on its sale to Pamica Group</p>
                                        <a class="btn btn-small btn-solid more" href="https://www.clearwaterinternational.com/transactions/clearwater-international-advises-freys-express-on-its-sale-to-pamica-group">View more</a>
                    </div>
    </div>
</li>
                                                                                                            
<li>
    <div class="front">
        <div class="transaction-header">
                            <ul class="sectors">
                                                                    
                        <li>
                        <a href="https://www.clearwaterinternational.com/sectors/business-services" title="Business Services">
                            <svg class="icon icon-business-services" style="width: 45px; height: 45px; --color1: #fff; --color2: #fff;"><use xlink:href="#icon-business-services"></use></svg>
                        </a>
                    </li>
                                    </ul>
                        <ul class="flag">
                                    <li>
                        <span class="flagHolder">
                            <span title="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/Fruition-IT.png" title="Fruition IT" alt="Image of Fruition IT Company Logo"/>
                            </div>
            <div class="action">on its investment from</div>
            <div class="company">
                                    <img class="object-fit" data-object-fit="contain" src="https://www.clearwaterinternational.com/assets/transaction_logos/_transactionLogo/Erisbeg.png" title="Erisbeg" alt="Image of Erisbeg Company Logo"/>
                            </div>
        </div>
        <div class="additional-info">
                        <div class="term">Sell-side</div>
            <div class="value">
                                    Undisclosed
                            </div>

            <div class="tombstone-flip">
                <img src="/assets/img/tombstone-flip.svg" alt="View Back of Transaction">
            </div>
        </div>
    </div>
    <div class="back">
        <div class="transaction-header">
            Clearwater Advisers        </div>
        <div class="advisers">
            <ul>
                                    <li><a href="https://www.clearwaterinternational.com/team/richard-goldsack">Richard Goldsack</a></li>
                                    <li><a href="https://www.clearwaterinternational.com/team/james-croxen">James Croxen</a></li>
                                    <li><a href="https://www.clearwaterinternational.com/team/jennifer-manning">Jennifer Manning</a></li>
                                    <li><a href="https://www.clearwaterinternational.com/team/hamish-batchelor">Hamish Batchelor</a></li>
                                    <li><a href="https://www.clearwaterinternational.com/team/christian-pollard">Christian Pollard</a></li>
                            </ul>
        </div>
        <div class="advisor-info">
                                                    <p>Adviser to Fruition IT on its investment from Erisbeg</p>
                                        <a class="btn btn-small btn-solid more" href="https://www.clearwaterinternational.com/transactions/clearwater-international-advises-fruition-it-on-its-investment-from-erisbeg">View more</a>
                    </div>
    </div>
</li>
                                                                                                            <li class="triple">
    <div class="front">
        <div class="transaction-header">
                        <ul class="sectors">
                                                        
                    <li>
                        <a href="https://www.clearwaterinternational.com/sectors/healthcare" title="Healthcare">
                            <svg class="icon icon-healthcare" style="width: 45px; height: 45px; --color1: #fff; --color2: #fff;"><use xlink:href="#icon-healthcare"></use></svg>
                        </a>
                    </li>
                            </ul>
                        <ul class="flag">
                                    <li>
                        <span class="flagHolder">
                            <span title="France" class="flag-france"></span>
                        </span>
                    </li>
                            </ul>
        </div>
        <div class="transaction-detail">
            <div class="company">
                                    <img class="object-fit" data-object-fit="contain" src="https://www.clearwaterinternational.com/assets/transaction_logos/_transactionLogo/Turenne-Sante.png" title="Turenne Sante" alt="Image of Turenne Sante Company Logo"/>
                            </div>
            <div class="action">and the managers of</div>
            <div class="company">
                                    <img class="object-fit" data-object-fit="contain" src="https://www.clearwaterinternational.com/assets/transaction_logos/_transactionLogo/155487/Banook.png" title="Banook Group" alt="Image of Banook Group Company Logo"/>
                            </div>
            <div class="action">sold a majority stake to</div>
            <div class="company">
                                    <img class="object-fit" data-object-fit="contain" src="https://www.clearwaterinternational.com/assets/transaction_logos/_transactionLogo/motion-equity-partners-logo.png" title="Motion Equity Partners" alt="Image of Motion Equity 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/nicolas-saint-pierre">Nicolas Saint-Pierre</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>
                                    <li><a href="https://www.clearwaterinternational.com/team/jules-vigreux">Jules Vigreux</a></li>
                            </ul>
        </div>
        <div class="advisor-info">
                                                    <p>Adviser to Banook’s shareholders  on the sale of a majority stake  to Motion Equity Partners</p>
                                        <a class="btn btn-small btn-solid more" href="https://www.clearwaterinternational.com/transactions/clearwater-international-advises-banook-groups-shareholders-turenne-santé-and-the-management-team-on-the-sale-of-a-majority-stake-to-motion-equity-partners">View more</a>
                    </div>
    </div>
</li>
                                                                                                            <li class="triple">
    <div class="front">
        <div class="transaction-header">
                        <ul class="sectors">
                                                        
                    <li>
                        <a href="https://www.clearwaterinternational.com/sectors/business-services" title="Business Services">
                            <svg class="icon icon-business-services" style="width: 45px; height: 45px; --color1: #fff; --color2: #fff;"><use xlink:href="#icon-business-services"></use></svg>
                        </a>
                    </li>
                                                        
                    <li>
                        <a href="https://www.clearwaterinternational.com/sectors/tmt" title="TMT">
                            <svg class="icon icon-tmt" style="width: 45px; height: 45px; --color1: #fff; --color2: #fff;"><use xlink:href="#icon-tmt"></use></svg>
                        </a>
                    </li>
                            </ul>
                        <ul class="flag">
                                    <li>
                        <span class="flagHolder">
                            <span title="UK" class="flag-united-kingdom"></span>
                        </span>
                    </li>
                            </ul>
        </div>
        <div class="transaction-detail">
            <div class="company">
                                    <img class="object-fit" data-object-fit="contain" src="https://www.clearwaterinternational.com/assets/transaction_logos/_transactionLogo/155412/Shareholders-including-LDC.png" title="Shareholders including LDC" alt="Image of Shareholders including LDC 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/iamproperty_2023-10-24-090638_zuzr.png" title="iamproperty" alt="Image of iamproperty 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/Perwyn.png" title="Perwyn" alt="Image of Perwyn Company Logo"/>
                            </div>
        </div>
        <div class="additional-info">
                        <div class="term">Sell-side</div>
            <div class="value">
                                    Undisclosed
                            </div>

            <div class="tombstone-flip">
                <img src="/assets/img/tombstone-flip.svg" alt="View Back of Transaction">
            </div>
        </div>
    </div>
    <div class="back">
        <div class="transaction-header">
            Clearwater Advisers
        </div>
        <div class="advisers">
            <ul>
                                    <li><a href="https://www.clearwaterinternational.com/team/richard-goldsack">Richard Goldsack</a></li>
                                    <li><a href="https://www.clearwaterinternational.com/team/tom-barnwell">Tom Barnwell</a></li>
                                    <li><a href="https://www.clearwaterinternational.com/team/robert-umpleby">Robert Umpleby</a></li>
                                    <li><a href="https://www.clearwaterinternational.com/team/glenn-clarke">Glenn Clarke</a></li>
                                    <li><a href="https://www.clearwaterinternational.com/team/declan-warwick">Declan Warwick</a></li>
                                    <li><a href="https://www.clearwaterinternational.com/team/constantinos-ellinas">Constantinos Ellinas</a></li>
                                    <li><a href="https://www.clearwaterinternational.com/team/andrew-royle">Andrew Royle</a></li>
                                    <li><a href="https://www.clearwaterinternational.com/team/tom-wood">Tom Wood</a></li>
                            </ul>
        </div>
        <div class="advisor-info">
                                                    <p>Adviser to iamproperty on its investment from Perwyn</p>
                                        <a class="btn btn-small btn-solid more" href="https://www.clearwaterinternational.com/transactions/clearwater-international-advises-iamproperty-on-its-investment-from-perwyn">View more</a>
                    </div>
    </div>
</li>
                                                                                                            
<li>
    <div class="front">
        <div class="transaction-header">
                            <ul class="sectors">
                                                                    
                        <li>
                        <a href="https://www.clearwaterinternational.com/sectors/business-services" title="Business Services">
                            <svg class="icon icon-business-services" style="width: 45px; height: 45px; --color1: #fff; --color2: #fff;"><use xlink:href="#icon-business-services"></use></svg>
                        </a>
                    </li>
                                                                    
                        <li>
                        <a href="https://www.clearwaterinternational.com/sectors/tmt" title="TMT">
                            <svg class="icon icon-tmt" style="width: 45px; height: 45px; --color1: #fff; --color2: #fff;"><use xlink:href="#icon-tmt"></use></svg>
                        </a>
                    </li>
                                    </ul>
                        <ul class="flag">
                                    <li>
                        <span class="flagHolder">
                            <span title="Sweden" class="flag-sweden"></span>
                        </span>
                    </li>
                            </ul>
        </div>
        <div class="transaction-detail">
            <div class="company">
                                    <img class="object-fit" data-object-fit="contain" src="https://www.clearwaterinternational.com/assets/transaction_logos/_transactionLogo/155363/Agreat.png" title="Agreat" alt="Image of Agreat 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/Broviken.png" title="Broviken" alt="Image of Broviken 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/henrik-jakobsson">Henrik Jakobsson</a></li>
                                    <li><a href="https://www.clearwaterinternational.com/team/mattias-nilsson">Mattias Nilsson</a></li>
                                    <li><a href="https://www.clearwaterinternational.com/team/joel-ejdesjö">Joel Ejdesjö</a></li>
                            </ul>
        </div>
        <div class="advisor-info">
                                                    <p>Adviser to Agreat on its sale to Broviken</p>
                                        <a class="btn btn-small btn-solid more" href="https://www.clearwaterinternational.com/transactions/clearwater-international-advises-agreat-on-its-sale-to-broviken">View more</a>
                    </div>
    </div>
</li>
                                                                                                            <li class="triple">
    <div class="front">
        <div class="transaction-header">
                        <ul class="sectors">
                                                        
                    <li>
                        <a href="https://www.clearwaterinternational.com/sectors/business-services" title="Business Services">
                            <svg class="icon icon-business-services" style="width: 45px; height: 45px; --color1: #fff; --color2: #fff;"><use xlink:href="#icon-business-services"></use></svg>
                        </a>
                    </li>
                                                        
                    <li>
                        <a href="https://www.clearwaterinternational.com/sectors/healthcare" title="Healthcare">
                            <svg class="icon icon-healthcare" style="width: 45px; height: 45px; --color1: #fff; --color2: #fff;"><use xlink:href="#icon-healthcare"></use></svg>
                        </a>
                    </li>
                            </ul>
                        <ul class="flag">
                                    <li>
                        <span class="flagHolder">
                            <span title="UK" class="flag-united-kingdom"></span>
                        </span>
                    </li>
                            </ul>
        </div>
        <div class="transaction-detail">
            <div class="company">
                                    <img class="object-fit" data-object-fit="contain" src="https://www.clearwaterinternational.com/assets/transaction_logos/_transactionLogo/157416/Forensic-Testing-Service_v2.png" title="Forensic Testing Service" alt="Image of Forensic Testing Service 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/Forensic-Access-Group.png" title="Forensic Access Group" alt="Image of Forensic Access Group Company Logo"/>
                            </div>
            <div class="action">backed by</div>
            <div class="company">
                                    <img class="object-fit" data-object-fit="contain" src="https://www.clearwaterinternational.com/assets/transaction_logos/_transactionLogo/157378/Limerston-Capital.png" title="Limerston Capital Partners" alt="Image of Limerston 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/richard-goldsack">Richard Goldsack</a></li>
                                    <li><a href="https://www.clearwaterinternational.com/team/ramesh-jassal">Ramesh Jassal</a></li>
                                    <li><a href="https://www.clearwaterinternational.com/team/hamish-batchelor">Hamish Batchelor</a></li>
                                    <li><a href="https://www.clearwaterinternational.com/team/daniel-nota">Daniel Nota</a></li>
                            </ul>
        </div>
        <div class="advisor-info">
                                                    <p>Adviser to Forensic Testing Service on its sale to Forensic Access</p>
                                        <a class="btn btn-small btn-solid more" href="https://www.clearwaterinternational.com/transactions/clearwater-international-advised-forensic-testing-service-on-its-sale-to-forensic-access">View more</a>
                    </div>
    </div>
</li>
                                                                                                            
<li>
    <div class="front">
        <div class="transaction-header">
                            <ul class="sectors">
                                                                    
                        <li>
                        <a href="https://www.clearwaterinternational.com/sectors/tmt" title="TMT">
                            <svg class="icon icon-tmt" style="width: 45px; height: 45px; --color1: #fff; --color2: #fff;"><use xlink:href="#icon-tmt"></use></svg>
                        </a>
                    </li>
                                    </ul>
                        <ul class="flag">
                                    <li>
                        <span class="flagHolder">
                            <span title="France" class="flag-france"></span>
                        </span>
                    </li>
                            </ul>
        </div>
        <div class="transaction-detail">
            <div class="company">
                                    <img class="object-fit" data-object-fit="contain" src="https://www.clearwaterinternational.com/assets/transaction_logos/_transactionLogo/Netwo.png" title="Netwo" alt="Image of Netwo 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/Altitude.png" title="Groupe Altitude" alt="Image of Groupe Altitude Company Logo"/>
                            </div>
        </div>
        <div class="additional-info">
                        <div class="term">Sell-side</div>
            <div class="value">
                                    Undisclosed
                            </div>

            <div class="tombstone-flip">
                <img src="/assets/img/tombstone-flip.svg" alt="View Back of Transaction">
            </div>
        </div>
    </div>
    <div class="back">
        <div class="transaction-header">
            Clearwater Advisers        </div>
        <div class="advisers">
            <ul>
                                    <li><a href="https://www.clearwaterinternational.com/team/thomas-gaucher">Thomas Gaucher</a></li>
                                    <li><a href="https://www.clearwaterinternational.com/team/jérémy-sartre">Jérémy Sartre</a></li>
                                    <li><a href="https://www.clearwaterinternational.com/team/gregoire-houedry">Grégoire Houëdry</a></li>
                                    <li><a href="https://www.clearwaterinternational.com/team/adrien-tordeur">Adrien Tordeur</a></li>
                            </ul>
        </div>
        <div class="advisor-info">
                                                    <p>Adviser to the shareholders of Netwo on its sale to Altitude Group</p>
                                        <a class="btn btn-small btn-solid more" href="https://www.clearwaterinternational.com/transactions/clearwater-international-advises-the-shareholders-of-netwo-on-its-sale-to-groupe-altitude">View more</a>
                    </div>
    </div>
</li>
                                                                                                            
<li>
    <div class="front">
        <div class="transaction-header">
                            <ul class="sectors">
                                                                    
                        <li>
                        <a href="https://www.clearwaterinternational.com/sectors/business-services" title="Business Services">
                            <svg class="icon icon-business-services" style="width: 45px; height: 45px; --color1: #fff; --color2: #fff;"><use xlink:href="#icon-business-services"></use></svg>
                        </a>
                    </li>
                                    </ul>
                        <ul class="flag">
                                    <li>
                        <span class="flagHolder">
                            <span title="UK" class="flag-united-kingdom"></span>
                        </span>
                    </li>
                            </ul>
        </div>
        <div class="transaction-detail">
            <div class="company">
                                    <img class="object-fit" data-object-fit="contain" src="https://www.clearwaterinternational.com/assets/transaction_logos/_transactionLogo/BK-PLus.png" title="BK Plus" alt="Image of BK Plus Company Logo"/>
                            </div>
            <div class="action">on its investment from</div>
            <div class="company">
                                    <img class="object-fit" data-object-fit="contain" src="https://www.clearwaterinternational.com/assets/transaction_logos/_transactionLogo/logo-palatine_black.png" title="Palatine" alt="Image of Palatine 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/sarah-taylor">Sarah Taylor</a></li>
                                    <li><a href="https://www.clearwaterinternational.com/team/alex-brindley">Alex Brindley</a></li>
                                    <li><a href="https://www.clearwaterinternational.com/team/hamish-scott">Hamish Scott</a></li>
                                    <li><a href="https://www.clearwaterinternational.com/team/dayal-sekhon">Dayal Sekhon</a></li>
                            </ul>
        </div>
        <div class="advisor-info">
                                                    <p>Adviser on Palatine’s investment in BK Plus</p>
                                        <a class="btn btn-small btn-solid more" href="https://www.clearwaterinternational.com/transactions/clearwater-international-advises-on-palatines-investment-in-bk-plus">View more</a>
                    </div>
    </div>
</li>
                                                                                                            
<li>
    <div class="front">
        <div class="transaction-header">
                            <ul class="sectors">
                                                                    
                        <li>
                        <a href="https://www.clearwaterinternational.com/sectors/consumer" title="Consumer">
                            <svg class="icon icon-consumer" style="width: 45px; height: 45px; --color1: #fff; --color2: #fff;"><use xlink:href="#icon-consumer"></use></svg>
                        </a>
                    </li>
                                    </ul>
                        <ul class="flag">
                                    <li>
                        <span class="flagHolder">
                            <span title="Denmark" class="flag-denmark"></span>
                        </span>
                    </li>
                            </ul>
        </div>
        <div class="transaction-detail">
            <div class="company">
                                    <img class="object-fit" data-object-fit="contain" src="https://www.clearwaterinternational.com/assets/transaction_logos/_transactionLogo/Helsam.png" title="Helsam Gruppen" alt="Image of Helsam Gruppen 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/Dansk-Ejercapital-and-co-investors.png" title="Dansk Ejerkapital and co-investors" alt="Image of Dansk Ejerkapital and co-investors Company Logo"/>
                            </div>
        </div>
        <div class="additional-info">
                        <div class="term">Sell-side</div>
            <div class="value">
                                    Undisclosed
                            </div>

            <div class="tombstone-flip">
                <img src="/assets/img/tombstone-flip.svg" alt="View Back of Transaction">
            </div>
        </div>
    </div>
    <div class="back">
        <div class="transaction-header">
            Clearwater Advisers        </div>
        <div class="advisers">
            <ul>
                                    <li><a href="https://www.clearwaterinternational.com/team/jakob-tolstrup-kristensen">Jakob Tolstrup Kristensen</a></li>
                                    <li><a href="https://www.clearwaterinternational.com/team/mads-hojdahl-kristensen">Mads Crawford Højdahl</a></li>
                                    <li><a href="https://www.clearwaterinternational.com/team/jens-holst-stevn">Jens Holst Stevn</a></li>
                            </ul>
        </div>
        <div class="advisor-info">
                                                    <p>Adviser to Helsam Gruppen on the partial sale to Dansk Ejerkapital and co-investors</p>
                                        <a class="btn btn-small btn-solid more" href="https://www.clearwaterinternational.com/transactions/clearwater-international-advises-on-the-partial-sale-of-helsam-gruppen-to-dansk-ejerkapital-and-co-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="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/business-services" title="Business Services">
                            <svg class="icon icon-business-services" style="width: 45px; height: 45px; --color1: #fff; --color2: #fff;"><use xlink:href="#icon-business-services"></use></svg>
                        </a>
                    </li>
                                    </ul>
                        <ul class="flag">
                                    <li>
                        <span class="flagHolder">
                            <span title="Portugal" class="flag-portugal"></span>
                        </span>
                    </li>
                            </ul>
        </div>
        <div class="transaction-detail">
            <div class="company">
                                    <img class="object-fit" data-object-fit="contain" src="https://www.clearwaterinternational.com/assets/transaction_logos/_transactionLogo/154569/SLM.png" title="Sociedade Lisbonense de Metalização" alt="Image of Sociedade Lisbonense de Metalização 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/Meivcore.png" title="Meivcore" alt="Image of Meivcore 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/rui-miranda">Rui Miranda</a></li>
                                    <li><a href="https://www.clearwaterinternational.com/team/jose-couto">José Couto</a></li>
                                    <li><a href="https://www.clearwaterinternational.com/team/sofia-xavier">Sofia Xavier</a></li>
                            </ul>
        </div>
        <div class="advisor-info">
                                                    <p>Adviser to SLM on its sale to Meivcore</p>
                                        <a class="btn btn-small btn-solid more" href="https://www.clearwaterinternational.com/transactions/clearwater-international-advises-sociedade-lisbonense-de-metalização-on-its-sale-to-meivcore">View more</a>
                    </div>
    </div>
</li>
                                                                                                            
<li>
    <div class="front">
        <div class="transaction-header">
                            <ul class="sectors">
                                                                    
                        <li>
                        <a href="https://www.clearwaterinternational.com/sectors/business-services" title="Business Services">
                            <svg class="icon icon-business-services" style="width: 45px; height: 45px; --color1: #fff; --color2: #fff;"><use xlink:href="#icon-business-services"></use></svg>
                        </a>
                    </li>
                                                                    
                        <li>
                        <a href="https://www.clearwaterinternational.com/sectors/healthcare" title="Healthcare">
                            <svg class="icon icon-healthcare" style="width: 45px; height: 45px; --color1: #fff; --color2: #fff;"><use xlink:href="#icon-healthcare"></use></svg>
                        </a>
                    </li>
                                    </ul>
                        <ul class="flag">
                                    <li>
                        <span class="flagHolder">
                            <span title="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/Efor-Raise.png" title="Efor and Raise Invest" alt="Image of Efor and Raise Invest Company Logo"/>
                            </div>
            <div class="action">raised debt and equity from</div>
            <div class="company">
                                    <img class="object-fit" data-object-fit="contain" src="https://www.clearwaterinternational.com/assets/transaction_logos/_transactionLogo/Andera-Capza.png" title="Andera and Capza" alt="Image of Andera and Capza 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/benjamin-zayat">Benjamin Zayat</a></li>
                                    <li><a href="https://www.clearwaterinternational.com/team/laurence-de-rosamel">Laurence de Rosamel</a></li>
                                    <li><a href="https://www.clearwaterinternational.com/team/guillaume-fenni">Guillaume Fenni</a></li>
                                    <li><a href="https://www.clearwaterinternational.com/team/william-poirson">William Poirson</a></li>
                                    <li><a href="https://www.clearwaterinternational.com/team/sebastien-allegot">Sébastien Allegot</a></li>
                                    <li><a href="https://www.clearwaterinternational.com/team/adrien-tordeur">Adrien Tordeur</a></li>
                                    <li><a href="https://www.clearwaterinternational.com/team/manon-langlo">Manon Langlo</a></li>
                                    <li><a href="https://www.clearwaterinternational.com/team/hadrien-tekbas">Hadrien Tekbas</a></li>
                            </ul>
        </div>
        <div class="advisor-info">
                                                    <p>Advising EFOR and Raise on raising debt and equity</p>
                                        <a class="btn btn-small btn-solid more" href="https://www.clearwaterinternational.com/transactions/clearwater-international-advises-the-management-of-efor-and-raise-invest-on-raising-debt-and-equity-from-andera-and-capza">View more</a>
                    </div>
    </div>
</li>
                                                                                                            
<li>
    <div class="front">
        <div class="transaction-header">
                            <ul class="sectors">
                                                                    
                        <li>
                        <a href="https://www.clearwaterinternational.com/sectors/food-and-beverage" title="Food &amp; Beverage">
                            <svg class="icon icon-food-and-beverage" style="width: 45px; height: 45px; --color1: #fff; --color2: #fff;"><use xlink:href="#icon-food-and-beverage"></use></svg>
                        </a>
                    </li>
                                    </ul>
                        <ul class="flag">
                                    <li>
                        <span class="flagHolder">
                            <span title="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/PCF.png" title="Panificadora Costa &amp; Ferreira" alt="Image of Panificadora Costa &amp; Ferreira 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/Touriga-Capital-Partners.png" title="Tagus Bread" alt="Image of Tagus Bread 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/rui-miranda">Rui Miranda</a></li>
                                    <li><a href="https://www.clearwaterinternational.com/team/duarte-vaz">Duarte Vaz</a></li>
                                    <li><a href="https://www.clearwaterinternational.com/team/sofia-xavier">Sofia Xavier</a></li>
                            </ul>
        </div>
        <div class="advisor-info">
                                                    <p>Adviser to Panificadora Costa &amp; Ferreira on its sale to Touriga</p>
                                        <a class="btn btn-small btn-solid more" href="https://www.clearwaterinternational.com/transactions/clearwater-international-advises-panificadora-costa-ferreira-on-its-sale-to-tagus-bread">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>
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        </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>
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            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>
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</li>
                                                                                                            
<li>
    <div class="front">
        <div class="transaction-header">
                            <ul class="sectors">
                                                                    
                        <li>
                        <a href="https://www.clearwaterinternational.com/sectors/business-services" title="Business Services">
                            <svg class="icon icon-business-services" style="width: 45px; height: 45px; --color1: #fff; --color2: #fff;"><use xlink:href="#icon-business-services"></use></svg>
                        </a>
                    </li>
                                    </ul>
                        <ul class="flag">
                                    <li>
                        <span class="flagHolder">
                            <span title="Netherlands" class="flag-netherlands"></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/Trustmoore.png" title="Trustmoore" alt="Image of Trustmoore 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/Funds-Avenue.png" title="Funds Avenue" alt="Image of Funds Avenue 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/willem-daris">Willem Daris</a></li>
                                    <li><a href="https://www.clearwaterinternational.com/team/iason-gkenidis">Iason Gkenidis</a></li>
                                    <li><a href="https://www.clearwaterinternational.com/team/aileen-breedijk">Aileen Breedijk</a></li>
                            </ul>
        </div>
        <div class="advisor-info">
                                                    <p>Adviser to Trustmoore on the acquisition of Funds Avenue</p>
                                        <a class="btn btn-small btn-solid more" href="https://www.clearwaterinternational.com/transactions/clearwater-international-advises-trustmoore-on-its-acquisition-of-funds-avenue">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>
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<li>
    <div class="front">
        <div class="transaction-header">
                            <ul class="sectors">
                                                                    
                        <li>
                        <a href="https://www.clearwaterinternational.com/sectors/tmt" title="TMT">
                            <svg class="icon icon-tmt" style="width: 45px; height: 45px; --color1: #fff; --color2: #fff;"><use xlink:href="#icon-tmt"></use></svg>
                        </a>
                    </li>
                                    </ul>
                        <ul class="flag">
                                    <li>
                        <span class="flagHolder">
                            <span title="UK" class="flag-united-kingdom"></span>
                        </span>
                    </li>
                            </ul>
        </div>
        <div class="transaction-detail">
            <div class="company">
                                    <img class="object-fit" data-object-fit="contain" src="https://www.clearwaterinternational.com/assets/transaction_logos/_transactionLogo/Zenzero.png" title="Zenzero" alt="Image of Zenzero 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/153506/Macquarie-Capital.png" title="Macquarie Capital" alt="Image of Macquarie 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/wesley-fell-smith">Wesley Fell-Smith</a></li>
                                    <li><a href="https://www.clearwaterinternational.com/team/finn-odriscoll">Finn O&#039;Driscoll</a></li>
                                    <li><a href="https://www.clearwaterinternational.com/team/dom-moir">Dom Moir</a></li>
                                    <li><a href="https://www.clearwaterinternational.com/team/steffen-helk">Steffen Helk</a></li>
                            </ul>
        </div>
        <div class="advisor-info">
                                                    <p>Adviser to Zenzero on its sale to Macquarie Capital Principal Finance</p>
                                        <a class="btn btn-small btn-solid more" href="https://www.clearwaterinternational.com/transactions/clearwater-international-advises-zenzero-on-its-sale-to-macquarie-capital-principal-finance">View more</a>
                    </div>
    </div>
</li>
                                                                                                            
<li>
    <div class="front">
        <div class="transaction-header">
                            <ul class="sectors">
                                                                    
                        <li>
                        <a href="https://www.clearwaterinternational.com/sectors/tmt" title="TMT">
                            <svg class="icon icon-tmt" style="width: 45px; height: 45px; --color1: #fff; --color2: #fff;"><use xlink:href="#icon-tmt"></use></svg>
                        </a>
                    </li>
                                    </ul>
                        <ul class="flag">
                                    <li>
                        <span class="flagHolder">
                            <span title="Sweden" class="flag-sweden"></span>
                        </span>
                    </li>
                            </ul>
        </div>
        <div class="transaction-detail">
            <div class="company">
                                    <img class="object-fit" data-object-fit="contain" src="https://www.clearwaterinternational.com/assets/transaction_logos/_transactionLogo/Vklass.png" title="Vklass" alt="Image of Vklass 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/140593/Visma.png" title="Visma" alt="Image of Visma 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/henrik-jakobsson">Henrik Jakobsson</a></li>
                                    <li><a href="https://www.clearwaterinternational.com/team/mattias-nilsson">Mattias Nilsson</a></li>
                                    <li><a href="https://www.clearwaterinternational.com/team/joel-ejdesjö">Joel Ejdesjö</a></li>
                            </ul>
        </div>
        <div class="advisor-info">
                                                    <p>Adviser to Vklass on its sale to Visma</p>
                                        <a class="btn btn-small btn-solid more" href="https://www.clearwaterinternational.com/transactions/clearwater-international-advises-vklass-on-its-sale-to-visma">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/tmt" title="TMT">
                            <svg class="icon icon-tmt" style="width: 45px; height: 45px; --color1: #fff; --color2: #fff;"><use xlink:href="#icon-tmt"></use></svg>
                        </a>
                    </li>
                            </ul>
                        <ul class="flag">
                                    <li>
                        <span class="flagHolder">
                            <span title="Germany" class="flag-germany"></span>
                        </span>
                    </li>
                            </ul>
        </div>
        <div class="transaction-detail">
            <div class="company">
                                    <img class="object-fit" data-object-fit="contain" src="https://www.clearwaterinternational.com/assets/transaction_logos/_transactionLogo/ementexx-GmbH.png" title="ementexx GmbH" alt="Image of ementexx GmbH 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/153176/LucaNet-Group.png" title="LucaNet Group" alt="Image of LucaNet Group Company Logo"/>
                            </div>
            <div class="action">a portfolio company of</div>
            <div class="company">
                                    <img class="object-fit" data-object-fit="contain" src="https://www.clearwaterinternational.com/assets/transaction_logos/_transactionLogo/Hg-Capital.png" title="Hg Capital" alt="Image of Hg 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/axel-oltmann">Axel Oltmann</a></li>
                                    <li><a href="https://www.clearwaterinternational.com/team/mergim-tashefci">Mergim Tashefci</a></li>
                                    <li><a href="https://www.clearwaterinternational.com/team/kevin-meiser">Kevin Meiser</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 ementexx on its sale to LucaNet</p>
                                        <a class="btn btn-small btn-solid more" href="https://www.clearwaterinternational.com/transactions/clearwater-international-advises-ementexx-on-its-sale-to-lucanet">View more</a>
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    </div>
</li>
                                                                                                            
<li>
    <div class="front">
        <div class="transaction-header">
                            <ul class="sectors">
                                                                    
                        <li>
                        <a href="https://www.clearwaterinternational.com/sectors/business-services" title="Business Services">
                            <svg class="icon icon-business-services" style="width: 45px; height: 45px; --color1: #fff; --color2: #fff;"><use xlink:href="#icon-business-services"></use></svg>
                        </a>
                    </li>
                                    </ul>
                        <ul class="flag">
                                    <li>
                        <span class="flagHolder">
                            <span title="Denmark" class="flag-denmark"></span>
                        </span>
                    </li>
                            </ul>
        </div>
        <div class="transaction-detail">
            <div class="company">
                                    <img class="object-fit" data-object-fit="contain" src="https://www.clearwaterinternational.com/assets/transaction_logos/_transactionLogo/Sikom.png" title="Sikom Danmark" alt="Image of Sikom Danmark 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/Prosero-Security-Group.png" title="Prosero Security Group" alt="Image of Prosero Security 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/per-surland">Per Surland</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 SIKOM Danmark on its sale to Prosero</p>
                                        <a class="btn btn-small btn-solid more" href="https://www.clearwaterinternational.com/transactions/clearwater-international-advises-sikom-danmark-on-its-sale-to-prosero-security-group">View more</a>
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