Clearwater Corporate Finance plc, which since its Management Buy-Out six weeks ago, has become the largest, independent corporate finance house in the UK focusing exclusively on mid market transactions up to £100 million and above, has announced its first promotion.
James Ward, who has also recently been nominated as young dealmaker of the year by Finance Midlands Insider, will become a director of Clearwater.
Phil Burns, head of Clearwater in the Midlands, commented: “James has been with us since the outset and has proved an enormous asset to the company. This promotion is well deserved and we are all delighted. We have a great team and are building on our reputation for offering something different.”
Ward is 33, married and he and his wife are expecting their first baby in the autumn. He studied economics at Southampton University, took a year off to travel and qualified as an accountant while working for Touche Ross.
He moved over to corporate finance and was working with BDO Stoy Hayward in Nottingham when it was acquired by Tenon Group in 2001. He was part of the team which organised the buy-out by Clearwater Corporate Finance plc.
He has been involved in some major deals in recent years including the £25 million MBO of Pimpernel International, the disposal of E&JW Lake Limited to Grafton plc and the raising of development capital for Pharmaceutical Profiles Limited.
“During the year, I’ve also been involved in a public to private transaction and a smaller MBO. I’m just delighted at the promotion – it’s been a really great year so far for me.”
In the last five years the Northern and Midlands teams have completed over 180 transactions with an aggregate deal value of £1.3 billion. They have recently completed 18 transactions including the £25 million MBO of Leger Holidays, the £22 million secondary buy out of Robinson Healthcare and the sale of Counterline Limited and Charlton Homes to McInerney Holdings plc.