Clearwater Corporate Finance LLP has strengthened its Birmingham office with the appointment of deal originator, Olivia Prew.
Olivia joins Clearwater from The Co-operative Corporate Bank where she ran the liabilities campaign for its Birmingham office, identifying, researching and contacting new prospects. At The Co-operative, Olivia also assisted with the management of a portfolio of clients with turnovers ranging from £2m to £75m. Previously, Olivia worked at Lloyds TSB as a business manager, where she managed a portfolio of smaller turnover businesses.
In her new role, Olivia will play a key role in researching and identifying new corporate finance opportunities for Clearwater.
Phil Burns, managing partner at Clearwater, said: “We have seen a huge increase in deal flow over the first half of the year, and we expect momentum to build over the second half.
“The M&A world has turned into a sellers’ market in 2011, with exit valuations rising strongly across most sectors. Olivia’s arrival will help us spread this word to clients and potential clients in and around the Midlands region.”
Olivia Prew said: “I am looking forward to applying my expertise to source new opportunities and to build on Clearwater’s already established reputation for completing deals against a backdrop of tough economic conditions.”
Clearwater’s Birmingham office has recently advised on a number of deals, including Provimi Pet Food on its management buyout by global private equity firm Advent International and Barclays Private Equity on its sale of Femcare Group Ltd to NASDAQ-listed Utah Medical Products Inc.