Eversheds Sutherland lead adviser in declining Irish M&A market

Eversheds Sutherland is the leading adviser in Ireland’s declining M&A market, according to Irish Independent.

Research commissioned by the newspaper and conducted by Thomson Reuters has found that the value of Irish M&A deals has declined by 86 per cent since the start of 2017

Deals worth €4.1 billion have been announced this year, compared to almost €29 billion in the same period last year.

The decline has been attributed to Brexit and the tightening of US tax rules which prevent American multinationals “relocating” to Ireland by buying smaller companies with a tax domicile here.

Alan Murphy, managing partner at Eversheds Sutherland in Dublin, said: “We now have seven partners in corporate finance, each with broad M&A expertise as well as sectoral focus in areas like life sciences, healthcare and pharmaceuticals, and that’s supported by strong tax and intellectual property teams.”

He added: “We’re seeing a strong pipeline for the firm in M&A activity for the remainder of the year.

“The extent of the global Eversheds Sutherland network, which brings the unique ability to manage M&A activity across multiple borders, is proving to be very attractive to clients.”

A&L Goodbody advised on the same number of deals as Eversheds Sutherland, but with a lower overall valuation.