29/04/2021 - Market news
Clearwater International continues to rank in top 10 UK financial advisors in Q1 2021
Clearwater International complete 20 M&A and debt advisory transactions worth £855m across the UK
The first quarter of 2021 saw Clearwater International complete 20 M&A and debt advisory transactions worth £855m across the UK, placing Clearwater International in seventh place in the Mergermarket UK Financial Advisors league tables. The UK team have already completed a total of seven deals during April 2021 and has a strong pipeline of completions ahead for the remainder of the quarter.
Across Europe, the team completed 38 M&A and debt advisory transactions worth £1.6bn, placing Clearwater International in eighth place in the Refinitiv European Financial Advisors league tables.
The TMT, business services, consumer, and industrials and chemicals sector teams all experienced a particularly busy three months. Highlights from this quarter include the UK team advising: Infinity Works, one of the UK’s leading digital transformation consultants, on its sale to global professional service company Accenture, marking an exit for investors Growth Capital Partners; Palatine Private Equity on its acquisition of a significant minority shareholding in Anthesis Group, a fast growing global sustainability specialist; and LDC and management on the sale of specialist manufacturer ChargePoint Technology to US PE firm Arcline Investment Management. The deal marks an exit for LDC following a successful four-year partnership.
We saw continued high levels of interest from PE at the start of the year, with 68% of Q1 transactions involving 16 PE funds across Europe. Clearwater worked directly with seven PE funds during Q1 2021 to create investment opportunities and successful exits.
shortlisted for the UK Corporate Finance House of the Year at the PE Awards 2021
Clearwater International have recently been shortlisted as both the European and UK Corporate Finance House of the Year at the Private Equity Awards 2021, which recognises the achievement of corporate financiers who have advised on continental European deals over the last 12 months.
Clearwater International has made 10 senior promotions and new hires across Europe in Q1, including five new hires across the Partner and Director group and five promotions into senior roles.
Phil Burns, Managing Partner, Clearwater International said:
“We are delighted with our league table position, the healthy deal flow we are enjoying and the results from these flowing to some very happy clients. This quarter marked our 18th birthday and to cement ourselves as the leading independent advisor after Rothschild, leading more deals than two of the Big 4 firms, is a tremendous effort from the great team we have.”
