This transaction, announced on 24 November, represents an important milestone in N+1's strategic target of becoming a global financial advisor, underpinned by strong local teams. N+1's investment banking division has a team of 240 professionals in 13 countries.

The addition of C.W. Downer will enable N+1 to deepen its sector expertise, thanks to the former's experience in the following sectors: industry, materials storage and transport, food and consumer goods, aerospace and defence. C.W. Downer has closed 64 deals in these sectors in the last four years.

Moreover, the transaction reinforces N+1's position as a leading player in the European mid-market: N+1's teams in Germany and France will increase in size to 30 and 20 professionals, respectively. Lastly, N+1 aims to leverage C.W. Downer's excellent track record in Scandinavia to establish a foothold in this attractive market with a team on the ground.

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