Corporate finance boutique Clearwater Corporate Finance has hired former Alchemy partner Graham Hallworth as a non-executive chairman.
Hallworth spent five years with London-based private equity firm Alchemy Partners, and has also held board-level positions at companies such a timber panel distributor Sylvan International, pub chain Innspired, jewellery retailer Goldsmiths and Manchester-based The Bridgewater Hospital.
In 2000, he was earmarked to become chief executive of car manufacturer Rover during the firm’s proposed takeover.
At the end of August, Hallworth was appointed chairman of Crown Paints, the UK’s second largest pain maker, following its £70m (£122.5m) management buyout by Endless, a UK private equity firm.
Clearwater’s recent deals include advising specialty chemicals business Warwick International on a £129m management buyout backed by Close Brothers Private Equity, telent’s purchase of the Alan Campbell Group and Responsive Engineering’s acquisition of rival firm Exact Engineering, backed by Lloyds TSB Commercial.
Clearwater Corporate Finance has offices in London, Birmingham, Manchester and Nottingham.
Source: Thomson Merger News