KeyCorp’s Clearwater UK Deal Opens a Europe Door for KeyBank’s M&A Push
KeyCorp plans to acquire Clearwater UK, marking its first Western Europe advisory platform, with closing expected in late 2026 pending approvals. Terms were not disclosed. Clearwater reported £52.2 million in revenue for fiscal 2025 and employs about 117 staff. The deal follows a 12.6% rise in KeyCorp’s investment banking and debt placement fees in the first quarter.