Business optimism drives increased M&A activity in Northern Ireland has been saved
Business optimism drives increased M&A activity in Northern Ireland
Strong funding environment and private equity market also fuelling transactions.
Private business optimism, increased risk appetite, enhanced market liquidity, in addition to the wider uplift in macro-economic conditions, are fuelling increased deal activity for M&A and debt raising in Northern Ireland, according to Deloitte.
The M&A landscape in Northern Ireland and the funding options that are available to companies were discussed at the Deloitte Funding for Growth event which took place on Thursday, 10 May in the Merchant Hotel in Belfast. The session focused on growth strategies for Northern Irish businesses, and was attended by over 50 people including business owners, CEOs and finance executives.
Peter Allen, Partner, Corporate Finance with Deloitte in Belfast commented: “The number of deals involving local companies in the past 12 months and the number of businesses successfully attracting investment is increasing, which is very positive for the market. NI businesses are generally robust and lean organisations. They have strong routes to market and a flexible platform upon which to grow.”
The current developments within the funding market and the options available were also outlined at the event by John Doddy, Partner and Head of Debt Advisory at Deloitte. John highlighted that there are an increasing number of funding options available to Northern Irish businesses, including senior debt, unitranche, and mezzanine type facilities. He emphasised that assessing the appropriate level and type of debt to fund both medium to long term growth objectives is critically important.
Anya Cummins, Partner and Head of M&A at Deloitte, discussed the various types of equity funding options available to Northern Irish businesses. She observed that current private equity activity into Northern Ireland is very strong, and expects this to continue throughout 2018. The key drivers and attractions for PE investors, as well as the main considerations for owner managers considering raising equity capital, was also discussed.
Guest speakers on the night also included Jim Darragh, CEO of Totalmobile which is backed by UK private equity fund Lyceum Capital and Rodney Lowry, Group CEO, Lowe Rental Ltd, which has recently completed a transaction with Perwyn in a process led by the Deloitte team. Both Jim and Rodney discussed the formulation of growth strategies and their experiences of working with private equity partners in driving the growth of their businesses.
The Deloitte Corporate Finance team in Northern Ireland provides support on M&A transactions, debt and capital advisory services, transaction services, restructuring services, and forensic advisory services.
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