Clearwater Water Corporate Finance LLP, the UK’s largest independent corporate finance house focusing on unquoted mid-market transactions, has picked up the prestigious Corporate Finance Boutique of the Year at the 2005 Private Equity Awards.
Up against a high calibre shortlist of four other parties, Clearwater stole the show from other nominees Blenheim, Catalyst, Cavendish and Livingstone Guarantee.
Viewed as the benchmark for excellence in private equity, the awards represent the highest accolade for the UK industry’s dealmakers, advisers and bankers and are presented by the BVCA (British Venture Capital Association) and Real Deals magazine.
It is just two years since Clearwater undertook its own management buy-out from Tenon plc. Since then the firm has advised on over 40 deals with a deal value of circa £1 billion.
Recent deals of note have included the £48 million secondary buy-out of Denby Group – the UK’s leading casual dinnerware brand, the £46 million MBO of plastics group Britton and the £10 million MBO of Pharmaceutical Profiles – a provider of Phase One clinical Trials.
In addition, Clearwater has handled a number of successful exit mandates, including advising Sure Maintenance on its recent expansion and replacement capital package from Graphite Capital, the £20 million sale of Bland Bankart to Oval Group and the sale of Advanced Childcare to Bowmark Capital.