News - Midlands
Clearwater gains from M&A work
Birmingham’s Clearwater Corporate Finance has reported a strong increase in M&A transaction figures for the year ending 31 March 2010. The firm partly attributes this to its increased sector focus and investment in cross-border work. The total value of deals that Clearwater advised on rose by 46 per cent to £436m in 2009 to 2010, compared with £299.6m in 2008 to 2009. This boosted the firm’s average deal value by 33 per cent to £22.9m, compared with £16.6m in 2009. The most active sector for the firm in terms of volume was retail and consumer, followed by industrial products.