– Key deals included Glanbia joint venture, Monaghan Mushrooms acquisition and Clerys sale
IBI Corporate Finance has been ranked as the No. 1 financial adviser in Ireland in the annual Mergermarket review of international mergers and acquisitions activity by the specialist M&A publisher. This is the eighth successive year that IBI has been ranked No. 1.
IBI topped the league table for the number of transactions on which it advised with a total of 12 qualifying deals in 2012. Deals on which IBI Corporate Finance advised during 2012 include the Glanbia plc dairy processing joint venture, the Monaghan Mushrooms acquisition of Walkro and the sale of Clerys to Gordon Brothers.
Companies exploring advice again
Commenting on the announcement, Tom Godfrey, IBI Chief Executive, said: “While market conditions remain somewhat challenged, we are seeing good evidence that companies are now exploring transactions again in a way that wasn’t evident over the past two or three years. We anticipate that this will carry forward into next year as sentiment continues to incrementally improve.”
Cross-border deals involving buyers and targets from the UK, US, Belgium, Netherlands, Sweden, Lebanon and Saudi Arabia accounted for 75% of IBI’s total in the last year, reflecting the open nature of the Irish economy and the strength of IBI’s international reach
Mergermarket covers corporate finance activity in Europe, North America, Latin America and the Asia-Pacific region. Mergermarket generates proprietary intelligence and delivers it, together with daily aggregated content, on its www.mergermarket.com platform.
About IBI Corporate Finance
IBI Corporate Finance is Ireland’s leading corporate finance adviser, providing expert, independent advice. It acts for public, private and semi-state companies covering a wide spectrum of domestic and international transactions.
IBI Corporate Finance is a wholly-owned subsidiary of the Bank of Ireland Group and is the Irish member of M&A International Inc.
IBI Corporate Finance Limited is regulated by the Central Bank of Ireland