“Selling a company, you have spent many years building is a very emotional process. Therefore, having a team of dedicated, hardworking, and loyal advisors that I truly came to trust, made a big difference for me in some of the more stressful periods of the process… Throughout the process the team was focused on what was right for the business and ensured that we understood what was happening at every step of the way, enabling us to achieve a great result.”
Niels Sørum, Owner and Founder, NST
Clearwater International continues to deliver strong results for its clients. Having completed over 100 deals in the last financial year, with an aggregate deal value of over €13bn, once again Clearwater has seen its average deal size increase.
Industrials and Chemicals remained the most active sector, transactions include advising Imtech on its sale to EDF Energy Services; and Mitsubishi Hitachi Power Systems Europe on the sale of Donges SteelTec to Mutares AG. Industrials and Chemicals was closely followed by Consumer, some deal highlights included advising Fitness Hut on its sale to Viva Gym, backed by private equity firm Bridges Fund Management; and Sonas Bathrooms on a significant investment from MML Growth Capital Partners, representing just 2 of the 60+ deals Clearwater completed with private equity in this period.
30% of the total transactions involved debt advisory, key transactions include advising Seabrook Crisps on its €25.7m (£23.5m) refinance supported by Apera Capital; and Aligned Assets on its MBO supported by Allied Irish Bank. Clearwater has substantially grown its debt team across the international business, having made 9 appointments over the last 12 months, taking the team to 20 strong.
Additional appointments included Partner Mark Taylor joining the UK Board, whilst Rob Burden, Lars Rau Jacobsen, Jakob Tolstrup Kristensen and Carsten Kvist Rydahl were promoted to Partners. Richard O’Donnell joined Clearwater in the UK as a Partner with strong expertise in the consumer and leisure sector.
Michael Reeves, CEO, Clearwater International commented: “It has been a great year for Clearwater International, we are really proud of what we have been able to deliver for our clients, working very closely to guide them through each part of the process. That relationship and commitment is the reason we have seen continual growth and is what makes Clearwater different. We look forward to the next financial year.”