EY: Never been a better time to raise private equity in Ireland than now

EY: Never been a better time to raise private equity in Ireland than now

New research shows Ireland is set to post the highest economic growth in the EU this year, with GDP on course to grow by 4.8%.

That is according to the 11th bi-annual EY Capital Confidence Barometer published this morning.

The research shows Irish companies are beginning to position themselves for future expansion with more than 70% saying they plan to create jobs over the next 12 months.

The head of business development with EY in Ireland, Sean Duffy, says the corporate landscape in Ireland is positive.

He said: "There are a number of really positive factors impacting on the Irish corporate landscape at present. Firstly, the global trend towards acquisition as a mechanism for accelerated growth.

"We are seeing numerous international buyers and private equity funds making bolt-on acquisitions in Ireland over the last 12 months, and there has probably never been a better time to raise private equity in Ireland."

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