Deal value soars at Clearwater
The Birmingham office of Clearwater Corporate Finance has completed eight deals in the past six months.
Average deal value across the private equity firm's offices increased to £24m from £18m in the second half of 2011 compared with the previous year, the business said.
Clearwater said it completed a total of 16 deals worth an aggregate of £381m from 1 April to 30 September 2011. Eight of the deals were advised from Clearwater's offices in Birmingham.
Phil Burns, managing partner at Clearwater in Birmingham, said: "We have seen an influx of buyers into the market over the last six months – particularly from overseas.
"This has driven prices up in line with fiercer competition to secure deals, and is great news for those considering an exit. We expect pricing to continue its upward trend over the next year."
During the six months Clearwater’s Birmingham team completed the sale of Farsound Engineering to UK industrial investors Rubicon Partners, the cross-border sale of Alter Technology Group to TÜV Nord International GmBH, and the sale of Midlands heating systems manufacturer Ambirad to leading US firm Thomas & Betts.
