Clearwater International UK experienced an exceptionally strong finish to 2017 having completed nine deals during the Christmas period with an aggregated deal value in excess of €500m (£450m).
The most active sectors were Industrials, and Consumer. The Industrials team successfully delivered over €70m (£60m) of finance for construction services and aggregates provider GRS Group, to support continued growth and its acquisition of S.Walsh Holdings Limited, which offers services to construction and civil engineering contractors. Other key Industrials transactions included advising on the sale of market leading tile specialist Domus, to Europe’s largest floor coverings distributor Headlam plc; also on the sale of marine and energy engineering group Harris Pye, to oil and gas asset management services platform Joulon, backed by private equity firm KKR.
Clearwater continues to see high levels of private equity activity with eight of the transactions having private equity involvement.
Clearwater is already experiencing a promising start to 2018, having completed the cross-border sale of Portugal-based Fitness Hut to Spain-based Viva Gym, backed by private equity firm Bridges Fund Management, creating the leading low-cost fitness group in Iberia.
Phil Burns, Managing Partner, Clearwater International UK commented: “We’ve had an exceptional end to 2017, which was a great year for us. I’m really proud of the team’s hard work and success and the excellent outcomes we’ve delivered for clients. We’ve come back with a strong start for 2018 and will be further strengthening our team as we continue to grow our business.”