Finance Dublin
Finance Jobs
Monday, 22nd April 2024
    Home             Archive             Publications             Our Services             Finance Jobs             Events             Surveys & Awards             
Huge increase in M&A activity in Q1 Back  
Deals worth more than €2 billion were completed during the first quarter of 2004, representing a six-fold increase on the same quarter in 2003.

According to the latest M&A Tracker Survey by corporate finance house Ion Equity, 55 M&A deals were transacted in the first quarter of 2004, which is three times the number of deals completed in the corresponding period last year. More than half the value of the first quarter deals involved overseas acquisitions by Irish companies, headed by CRH and Kerry Group.
Fifty-six deals were completed in the fourth quarter of 2003, and according to Ion Equity director Joe Devine, ‘This points to a significant increase in acquisition and disposal activity amongst Irish small and medium Irish businesses’.

The biggest takeover was the €630 million acquisition of Clondalkin Group by Warburg Pincus, followed by CRH’s €512 million acquisition of a 49 per cent stake in Portuguese company Secil and three American food ingredients acquisitions by Kerry Group worth a combined €430 million. The Clondalkin, CRH and Kerry deals were worth a total of €1.6 billion and accounted for more than three-quarters of the value of the first quarter mergers and acquisitions.

Digg.com Del.icio.us Stumbleupon.com Reddit.com Yahoo.com

Home | About Us | Privacy Statement | Contact
©2024 Fintel Publications Ltd. All rights reserved.