Khalid Afras Takes Helm of Leveraged Finance for DACH at Clearwater
Advisor - People | Feb 15, 2025 | Clearwater
Clearwater has announced the appointment of Khalid Afras as Head of Leveraged Finance for the DACH region, following eight years of contributions to the firm. Afras has played a significant role in expanding Clearwater's leveraged finance capabilities, advising both private equity investors and corporates on various financing matters. His achievements include advising notable transactions such as the refinancing of Carton Group by Waterland, the acquisition of Nayak Group by Chequers, and almapharm by Armira, along with the refinancing of Evotec SE. Khalid Afras succeeds Dr. Heinrich Kerstien, who led the leveraged finance team and is leaving the firm for a new professional journey. Clearwater extends its gratitude to Kerstien for his commitment and wishes him success in his future endeavors.
Sectors
- Financial Services
- Private Equity
Geography
- DACH – The focus of the article is on the DACH region (Germany, Austria, Switzerland), where Khalid Afras will lead leveraged finance activities.
Industry
- Financial Services – The article announcement is related to changes in leadership within Clearwater's leveraged finance team, a sector within financial services.
- Private Equity – Khalid Afras has been advising private equity investors, which makes this classification relevant due to his significant involvement in leveraged finance practices.
Financials
Participants
| Name | Role | Type | Description |
|---|---|---|---|
| Khalid Afras | Head of Leveraged Finance for the DACH region | Person | Newly appointed leader of leveraged finance at Clearwater in the DACH region, with eight years of experience at the firm. |
| Clearwater | Advisor | Company | The financial advisory firm appointing Khalid Afras to lead the DACH leveraged finance team. |
| Dr. Heinrich Kerstien | Former Head of Leveraged Finance, DACH region | Person | Preceding head of leveraged finance team at Clearwater, departing for other career opportunities. |
| Waterland | Client | Company | Involved in the refinancing of Carton Group, which was advised by Khalid Afras. |
| Chequers | Acquiring company | Company | Acquired Nayak Group in a transaction advised by Khalid Afras. |
| Armira | Acquiring company | Company | Acquired almapharm in a transaction advised by Khalid Afras. |
| Evotec SE | Target company | Company | Subject of a refinancing advised by Khalid Afras. |