Clearwater acted as sole financial adviser to NORMA Group (Rasmussen GmbH and its subsidiaries) on its sale to 3i Deutschland Gesellschaft für Industriebeteiligungen mbH.
With approximately 1,600 employees in 9 countries, the family-owned NORMA Group realised worldwide consolidated sales of approximately €245m in 2005. NORMA ranks among the world market leaders in the field of fasteners and fluid systems for automotive and industrial customers.