Ireland M&A Review HY 2021

16 August 2021

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Mergermarket and William Fry LLP are pleased to present the Ireland Half-Year M&A ReviewThis report provides a comprehensive overview of developments in the Irish M&A market during H1 2021 and offers insight into the state of play for the remainder of the year.

Key findings include:

  • Irish M&A deal volume topped records. A total of 106 deals were recorded in the first half of 2021 – a 33% rise on the same period last year and the largest deal volume of any half-year period on Mergermarket record (since 2006).
  • Value was bolstered by activity at the top end of the market. H1 2021 recorded €19.6bn worth of deals, the highest half-year value since H1 2014, and more than seven times H1 2020’s figure of €2.4bn. While the mid-market continues to perform well, this jump in value can be accounted for by the steep uptick in larger deals, highlighting a return to investor confidence following the pandemic. Ireland witnessed nine deals valued at over €500m in the first six months of the year, reaching a combined value of €15.9bn; six of these deals passed the €1bn mark.
  • International buyers drive activity and show no signs of slowing down. Overseas buyers accounted for 18 of the top 20 deals in H1 2021. The total value of M&A conducted by international buyers reached €15bn in the first half, already surpassing the €8.3bn such deals recorded across the whole of 2020. These bidders – both corporate and private equity – are particularly active in high growth sectors like healthcare and technology,  a trend that is likely to continue throughout the remainder of 2021.