Key to buy UK investment banking advisory firm

Key to buy UK investment banking advisory firm

The deal to acquire Clearwater UK marks Key’s entrance into the western European market, the Cleveland-based lender said.

KeyBanc Capital Markets acquires UK business of M&A firm Clearwater

Clearwater, one of the UK’s leading corporate finance and M&A advisory firms, has been acquired by American investment bank KeyBanc Capital Markets. Terms of the deal have not been disclosed. Founded in 2002 by experienced corporate finance advisers Michael Reeves and Phil Burns, Clearwater has a team of over 135 people working across offices in Birmingham, Leeds, Manchester and London.

KeyCorp bulks up investment banking with purchase of UK firm

The Cleveland-based regional bank plans to acquire Clearwater UK, a middle-market investment banking advisory firm. The transaction marks Key's first entry into the Western European market.