The Birmingham, Manchester and Nottingham offices of Tenon Livingstone Guarantee have been acquired by its management from Tenon Group plc. The deal sees the creation of the largest, independent corporate finance house in the UK focusing exclusively on mid market transactions up to £100 million and above. The new business, which has eight partners and 20 staff, will be known as Clearwater International. It will operate from offices in Birmingham, Manchester and Nottingham.
“We are excited about the future and the opportunity to grow the business as the leading independent corporate finance house in the UK. We have a fantastic team that is highly regarded in the market and has earned a reputation for offering something distinctly different. “It’s very much business as usual for everyone and this deal puts us in a strong position to move the business forward and consolidate on the success we’ve enjoyed to date.”