IBI Corporate Finance has been announced as the top corporate finance advisor in Ireland for H1 2017 by specialist M&A publisher, MergerMarket. The MergerMarket tables, released twice a year, provide a review of global M&A activity. IBI Corporate Finance is in top position as financial adviser based on the volume of announced transactions advised on in Ireland during the first half of 2017.
Announced deals on which IBI Corporate Finance advised during H1 2017 include: the €340m sale by Glanbia plc of 60% of its branded consumer dairy and agribusiness division, Dairy Ireland, to Glanbia Co-Operative Society; the proposed sales of meat processing company, Dunbia (Ireland) Ltd, and a majority stake in UK-based Dunbia Ltd to Dawn Meats Group; the proposed sale of Custodian Print Management Consultancy Ltd to PRL Group; and the sales by One51 Group plc of its environmental services businesses in Ireland and the UK.
Tom Godfrey, Chief Executive of IBI Corporate Finance, commented: “The generally weak mergers and acquisitions (M&A) environment that prevailed in Ireland in 2016 has continued through the first half of 2017 as a result of the headwinds generated from the ongoing volatile global environment, particularly the fall-out from the UK Brexit decision. However, notwithstanding this, IBI has been involved in a number of very successful sale mandates on behalf of clients this year, reflecting the prevalence of the exit question for entrepreneurs at a certain point in the lifecycle of all businesses.”
Commenting on the outlook for the rest of the year, Mr. Godfrey said: "Looking ahead, the outlook globally is for the backdrop of political unrest to remain the new norm with uncertainties over the implementation of Brexit, the policies of the US administration and the lead-up to the election in Germany providing deal-makers with reason to pause. However, while deal volume is expected to be down this year overall, we are seeing an increase in megadeals and high-value acquisitions as buyers proceed with caution and are more selective over the transactions they choose to pursue.
“In Ireland, a number of our clients are seeking to realising value from their businesses while other deal drivers we see include the push for scale by consolidators; expansion opportunities through M&A given slowing organic levels of growth; and diversification of products and services.”
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 http://www.mergermarket.com/info/ 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 Oaklins, the world’s most experienced mid-market M&A adviser.