Clearwater London office goes to Carnaby Street

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Clearwater Corporate Finance is relocating to new, larger offices in London – only two years after opening operations in the capital.

The firm’s seven London-based staff have relocated to 20 Garrick Street, WC2, to new 2,000 sq ft offices at 71 Broadwick Street, W1, just off Carnaby Street.

The move follows significant expansion in London and the South East, where Clearwater has completed nine deals worth £140 million since opening their London office in July 2004.

Headline transactions include the recent £12.25 million re-financing of Wiggle, the online retailer of accessories for the outdoor pursuits market; the £13.5 million management buy-out of Fisher Outdoor Leisure; advising the US-based IKON Office Solutions on the sale of vending operation Kafevend and the £48 million secondary management buy-out of Denby Group.

Partner Marc Gillespie commented: “The opening of our London office two years ago made us the only independent corporate finance boutique with complete geographical coverage of the UK. The subsequent growth of our business in London and the South East means we must move to bigger premises after a relatively short period. This underscores the confidence we had from the start that we could perform strongly in the South and will enable us to continue to grow the team.”

Created through a management buy-out in 2003, Clearwater focuses exclusively on mid-market transactions with a value of up to £200 million. As well as London, the firm has offices in Birmingham, Manchester and Nottingham.