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ARTICLE · 17 AUGUST 2023

M&A Review – Private Equity

William Fry LLP
William Fry LLP
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William Fry LLP

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Overall, the first half of 2023 saw 34 Irish M&A transactions involving a PE interest, worth €1.69bn in aggregate. That marks a 11% and 32% decline in volume and value terms YoY.

IrelandCorporate/Commercial Law
Máire O'Neill
Máire O'Neill
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PE investors, both international and domestic, continue to take a keen interest in Irish businesses – and the sector retains significant sums of dry powder to invest.

Nevertheless, PE dealmaking has slowed worldwide in recent months, and Ireland has not been immune to that shift.

Overall, the first half of 2023 saw 34 Irish M&A transactions involving a PE interest, worth €1.69bn in aggregate. That marks a 11% and 32% decline in volume and value terms YoY.

Five of the top 20 largest deals by value were PE-related transactions, including two of the top three deals. The sale of Enva Ireland by Exponent Private Equity to I Squared Capital was an all-PE deal, while UKG's purchase of Immedis saw Scottish Equity Partners and Lead Edge Capital sell their stake in the business.

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