Clearwater UK acquired by US investment bank KeyCorp.
Article excerpt
Clearwater UK acquired by US investment bank KeyCorp. April 22 2026 Leading corporate finance advisory firm Clearwater has been acquired by an American investment bank, KeyCorp. In an update the breaking news story yesterday, Mark Taylor, CEO, told TheBusinessDesk.com this morning that the Manchester-headquartered advisory firm will rebrand as Key 'eventually', but that the deal emerged after ten year partnership agreement with the US bank. That relationship has now evolved into Key acquiring Clearwater's UK operations as the US bank seeks to expand its investment banking and corporate finance arm in Europe. The definitive agreement to acquire Clearwater Corporate Finance LLP marks Key's strategic entry into the Western European market, expanding its ability to provide financial advisory services to institutional clients. Clearwater, which swept the board in the regional Rainmaker Awards last year, was founded in Manchester and Nottingham in 2002 by experienced corporate finance advisers Michael Reeves and Phil Burns. Its message from the deal is that it's business as usual, and that the deal is to acquire the UK partnership only. The Clearwater network will continue to be affiliated and utilise the brand, but will remain financially independent. Clearwater's leadership stresses that the UK management team, board structure and business model will remain intact, with...
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The transaction builds on a collaboration agreement established in 2020 between KeyBanc Capital Markets Inc. and Clearwater.
