An appetite for investment in Ireland has grown, with deals valued at €900m being struck in the first quarter of 2021

UDG Healthcare came closer to slipping into the hands of private equity last week after key shareholders said they would back an improved offer that values the Dublin-based FTSE 250 company at £2.8 billion (€3.2 billion).

Similar takeovers are on the cards at many other businesses according to the law firm Arthur Cox, which has polled 100 global private equity outfits on their plans for investment in Ireland. “Their appetite for Irish investments continues to grow,” said Cian McCourt, head of the corporate and mergers and acquisitions group at Arthur Cox. “Fundraising is on the increase.”

There were 57 private equity deals in Ireland last year worth $5.3 billion (€4.4 billion), according to Mergermarket, a news and data provider. This was a big jump on 2019, despite the pandemic, when 38 private equity deals were completed at a total value of $2.8 billion.

Read more/Source: The Times