Clearwater Corporate Finance has relocated its London operations to Covent Garden from Carnaby Street as it looks to capitalise on growing demand for international M&A support and sector specialist advice.
From Monday 13 June the new space at Brookmount House, 62-65 Chandos Place, will provide the London office with greater capacity as its growing London team doubles its footplate. The move also coincides with the office’s third appointment of the year, with manager, Patrick Bamford, joining from BDO LLP’s corporate finance team in London.
The London office of Clearwater has already completed three deals since the start of its financial year in April 2011, including the fundraising for a London-based property developer, the minority equity investment in baby product retailer JoJo Maman Bebe, and the sale of ITN Mark Education to Core Projects and Technologies.
In the financial year ending 31 March 2011, Clearwater advised on 31 deals with a total value of just over €1 billion and an average deal size €32 million, helping 37 entrepreneurs realise at least £1 million of value from a transaction during the year.
Marc Gillespie, partner at Clearwater in London, said: “Having completed three deals since April, the London team has got off to a flying start and we look forward to having another great year in our new offices at Chandos Place.
“Our London office continues to be a hub for international M&A transactions as cross-border transactions lead deal activity. It also provides the core for our established London sector practices, including support services, TMT, debt advisory and consumer. As M&A and fundraising becomes more complex, there is growing demand for specialist advisers that understand an industry and its environment inside-out. We plan to take advantage of this trend and expand and extend our sector coverage over the next 18 months.”