Clearwater Corporate Finance has been named Mid Market Adviser of the Year in the 2009 Acquisitions Monthly Awards.

The award, which was for deals worth less than £150 million and will be presented at a ceremony at the London Hilton on January 20, was presented for Clearwater’s experience in cross-border deals due to its membership of IMAP, the international network of mergers and acquisitions deals advisers.

According to figures from Thomson Reuters, IMAP – which has almost 60 member firms in over 40 countries – was the most active network of its type in 2008.

In the description for the firm’s entry, organisers said: “UK member Clearwater saw revenues grow during the year, as the overall value of deals on which it advised rose by 14 per cent. Clearwater has an analyst dedicated solely to opportunities thrown up by the IMAP network.

“Most notable was the successful sale of a UK division of Belgian chemicals group Solvay to Swedish group Perstorp, backed by French private equity investor PAI.

“This deal took nearly three years to complete from Clearwater’s initial appointment, covering difficult times in both the sector and the wider financial markets.”

Phil Burns, partner with Clearwater in Birmingham, said: “The award recognises the increasingly international flavour of the M&A market. Clearwater’s membership of IMAP provides a real advantage for our clients in that it enables us to access strategic buyers, merger candidates and financial resources from around the world.”