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27 Apr 2026

Browne Jacobson Advises Clearwater UK on Acquisition by KeyCorp, Marking Bank’s Entry into Western Europe

"Browne Jacobson has advised Clearwater Corporate Finance UK on its acquisition by US regional bank KeyCorp, marking KeyCorp’s entry into the Western European market. Clearwater UK — a mid‑market corporate finance adviser with offices in Birmingham, London, Leeds and Manchester — will create a combined platform giving US private equity and corporate clients access to European acquisition targets and exits, and European institutional clients access to the US M&A market. The deal showcases Browne Jacobson’s international M&A capability (it ranked in the top ten for UK deal count in Mergermarket) and was led by corporate partners Gavin Cummings and Matt Dorman with tax and employment support."

Browne Jacobson advised Clearwater Corporate Finance (Clearwater UK) on its acquisition by KeyCorp. The transaction involved KeyCorp, a leading regional US bank, acquiring Clearwater UK to establish a Western European platform that will connect US-based private equity sponsors and corporate clients with European acquisition targets and provide European institutional clients access to the US M&A market. Browne Jacobson team: Corporate Partners Gavin Cummings and Matt Dorman; Tax Partners Andrew Noble and Craig Thomas; Corporate Associates Alys Bratch (Associate) and Rob Northall (Senior Associate); Employment Legal Director Maz Danourah.
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