Data produced by Thomson Reuters for mid-market M&A in the first half of 2016 shows Clearwater International – fresh from its merger with its French and German teams – enter the Top 20 pan European Financial Advisors league table for the first time.
The league table covers all recorded M&A transaction in Europe under $500m and despite an overall 9% drop in M&A volumes in the first half compared to 2015 (and a 29% drop in UK volumes) Clearwater International was credited with 27 deals in the period. KPMG and Rothschild led the league table with over 100 deals each.
Commenting on the half year, Michael Reeves, Clearwater International CEO, said: “We are building our business into an integrated pan European company led by sector focused financial advisors. Over a number of years we came to recognise that real access to international opportunities and buyers is better provided by a unified business than being a part of a loose network and, as we begin to deliver the benefits of our scale across Europe to our clients we would expect to continue to improve our market position.
“Following the UK decision to Brexit we have announced a further 12 transactions across the team both in the UK and across our other teams in Scandinavia, Germany, France, Ireland and Iberia. We expect quality clients to continue to transact and therefore deal flow will continue, with the UK and Europe to be strong partners for the long term.”