Clearwater International completed 149 transactions worth €11.6bn across its M&A and debt advisory teams in the first three quarters of 2021, an increase of over 77% in deal volume compared to the same period in 2020. Of these, 121 transactions received Mergermarket M&A league table accreditation powering Clearwater into 8th position in the Mergermarket European Financial Advisors league table.
Clearwater International completed 149 transactions worth €11.6bn
Clearwater International also announced a number of key milestones during Q3 2021 including the appointments of Julian Brown as chief executive officer (CEO) and of Stefan Sachsenhauser as Managing Director, Head of Healthcare in the DACH region. The Clearwater team also won UK Corporate Finance House of the Year at The Private Equity Awards 2021 recognising the outstanding contribution to Europe’s private equity market.
The business performed well across all sectors in Q3 2021, with industrials & chemicals, healthcare, TMT and business services all experiencing a particularly busy quarter, completing 34 transactions worth over €2bn. Highlights from Q3 include: advising Naxicap Partners on the acquisition of a majority stake in the Lagarrigue Groupe, a French headquartered global specialist in external orthopaedic devices, from Ardian Expansion and IXO Private Equity; advising the shareholder of REDNET AG, a leading German IT services provider, on the sale to Converge Technology Solutions Corp., a major Canadian software-enabled IT & Cloud Solutions provider; and advising the shareholders of Arran Isle, a UK-based leading designer, manufacturer and distributor of door and window hardware, on its sale to ASSA ABLOY, a global leader in access solutions.
Private equity has had a very busy first nine months in 2021 and Clearwater has been working hard on both deployment and realisations in that market, shooting from 7th to 2nd place by number of PE exits worked on and from 20th to 9th place by number of buy-outs advised on.
Clearwater International made eight promotions across Europe during Q3 2021, including four promotions into senior roles.
Julian Brown, CEO, Clearwater International commented: “These strong league table positions are testament to the hard work of the team across all of our territories. It’s great to see that we are not only keeping apace of the strong market growth but are increasing our market share and moving up the adviser rankings. Our work with the private equity community continues to go from strength to strength and I am particularly proud of the level of PE exits we have advised on over the period as well as our recent award win in the UK which recognises our contribution to the market.”