Taylor Wessing Ireland celebrates 2024 deals activity

Taylor Wessing Ireland celebrates 2024 deals activity

Adam Griffiths

Taylor Wessing Ireland has said it enjoyed significant growth in 2024 as it advised on a number of high-profile deals.

The global law firm established a base in Dublin four years ago and its practice areas now include corporate, banking, real estate, technology, IP, data privacy, disputes, patents and tax.

Among its biggest 2024 deals was advising on global financial institution ING Bank N.V’s €55 million facility loan to an investment fund managed by Ireland’s largest life insurance and pensions provider, Irish Life.

The loan was used to refinance existing facilities in respect of Fernbank PRS, a residential development located in South Dublin.

Another high-profile transaction was advising the online platform for death notices, RIP.ie, on its sale to the Irish Times Group.

Other corporate M&A deals included advising:

  • Global cloud solutions provider Sherweb on its acquisition of MicroWarehouse, a prominent player in the Irish cloud technology market.

  • Mail Metrics, a customer communications technology provider serving financial and regulation industries, on its acquisition of Adare SEC and a simultaneous equity investment by MML and debt financing by AIB and Bank of Ireland.

  • The management team of Kyte Powertech, a manufacturer of distribution transformer solutions, on its sale to R&S Group, a provider of electrical infrastructure products headquartered in Switzerland.

  • Activist investor Engine Capital on its agreement with drinks company C&C.

  • ATC, an energy efficiency, heating and related automated solutions business headquartered in Dublin, on an acquisition of the company (subject to CCPC approval) by LED Group, a platform for energy transition solutions backed by Oaktree Capital Management.

In the areas of real estate and real estate finance, the firm advised:

  • French real estate investment fund Corum Origin on its €50 million acquisition of Mahon Retail Park from commercial property company IPUT.  

  • A number of global real estate investment managers on several deals including: a €100 million refinancing of a landmark development in a prime South Dublin location; a €100+ million refinancing of a landmark mixed-use development in Dublin city centre; an €80+ million financing of a logistics park in Dublin; and a Dublin city centre landmark hotel refinancing. 

  • Irish investment and development partner Elkstone through its investment fund, Geminiville Limited, on the sale of its development lands in Barna, on the outskirts of Galway.

  • Global investment firm Investcorp on the acquisition and financing by Capital flow, of two retail parks from US investment group Davidson Kempner. 

  • On lease or sale and leaseback agreements for various clients, including Corum (in relation to the lease of office space at George’s Quay House to Personio) and Appeals Centre Europe (in relation to the lease of new office space from Kennedy Wilson).

Adam Griffiths, partner and head of Taylor Wessing Ireland, said: “2024 has been a year of significant growth for Taylor Wessing Ireland. I want to take a moment to congratulate our clients on a successful year and the key milestones they have achieved.

“As we look to 2025, Taylor Wessing Ireland remains committed to supporting our clients in their future ventures, leveraging the expertise of our partners to help them prosper and grow.”

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