MBO value set to soar above €10bn, says IIB

THE value of management buyout (MBO) activity is set to soar to more than €10 billion this year, according to IIB Bank.

Corporate banking head Christine Moran told a conference, hosted by the Institute of Chartered Accountants, MBO activity would pick up in the small and medium enterprise (SME) sector and there was strong momentum in the market.

“The growth in MBOs that was evident in the last couple of years continued in 2004 and, while the market did not witness the same number of landmark deals, there was growing activity at the SME level, with a shift towards service type businesses,” said Ms Moran.