Clearwater International UK invests in its debt advisory team

Corporate finance firm Clearwater International’s debt advisory team takes on two new experienced recruits in their Manchester and Birmingham offices. Having already made four appointments earlier on in the year, the debt advisory team now stands at nine members in the UK, with a total of twenty across the wider international business.

The debt advisory team has experienced a period of sustained growth having completed 20 transactions so far in 2017, the majority of which having been advised by the UK team. Debt advisory services include offering support to clients undertaking acquisitions, growth financing, shareholder events, refinancing and debt restructuring transactions. Recent transactions undertaken include: the £45m ABL refinance and debt raise for Arlington Industries’ acquisition of Magal Engineering with funding from Wells Fargo and Shawbrook, and raising a bespoke finance package from Barings and RBS to support LDC’s investment in Stuart Turner.

The Manchester team welcomes Associate Director, David Grassby. David joins with over 8 years of experience, having previously worked at Deloitte. Over the years David has transacted a number of deals, originated work and developed relationships with key private equity houses and lenders in the North West region.

The team also welcomes Associate Director, Hertej Rattan. With 10 years’ experience, Hertej joins from Lloyds Banking Group, where he originated and delivered transactions in leveraged finance. Prior to working a Lloyds, Hertej was at accountancy firm EY. Hertej will cover the London and Midlands markets.

With these appointments the debt advisory team has bolstered its presence in the regional markets, building on the existing experienced team and strengthening its network. With continued success, Clearwater International intends to further invest going forward.

Mark Taylor, Partner and head of debt advisory, Clearwater International commented: “The market has opened and a diverse range of funding options are now available to businesses. Debt advisory can add huge value in structuring finance to meet company strategic goals and has become a core service line for Clearwater. We’re advising on more debt transactions now than ever before. The continued investment in our team is representative of the growing opportunity in the market and there’s no doubt that David and Hertej will bring valuable experience and opportunities with them.”