Tughans leads the field in the volume of corporate deals completed in Northern Ireland during the first half of 2021, as reported in the H1 MarketIQ United Kingdom and Republic of Ireland M&A Review.
The tech sector continues to be the principal source of deal making activity in Northern Ireland with 34 deals, however year on year growth has been recorded across all sectors including manufacturing, real estate, construction and professional services. Tughans remains the front runner as the busiest legal advisor having been involved in 30 of the 97 transactions recorded in the report.
Commenting on the report, Patrick Brown, Managing Partner, said:
“It is pleasing to see that the M&A market in Northern Ireland has started strongly in the first half of 2021 following the challenges of the previous year. The report shows that there is year on year growth in the market across all sectors, notably in the tech and manufacturing sectors, in which Tughans has particular expertise.
“I am very proud that we maintain our position as most active advisor in Northern Ireland and continue to support our clients as we move towards the next phase of economic recovery.”
James Donnelly, Head of Corporate at Tughans comments on current market trends:
“As predicted this time last year, the Northern Ireland deal flow slowed throughout the course of 2020 due to the combined uncertainties resulting from Brexit and Covid 19. However, we have seen some of the stalled M & A transactions from last year come back on track, with Experian reporting 97 deals involving a Northern Irish firm in H1, an increase of 17% on the 83 announced over the same period of 2020. Tughans have been at the forefront of this activity, completing one third of all deals in the first half of 2021.”