Value of M&A deals drops to 10-year low as rising interest rates sees slowdown in mega purchases

In the first nine months of 2023, there have been 16 private equity deals completed, reflecting a fall of 40% year-on-year

In total, there have been 16 PE transactions completed this year, half of which from Irish firms, with the remaining half coming from international buyers.

The volume of Irish merger and activity deals has fallen by 5% so far this year, largely impacted by a significant drop in private equity transactions.

New research by Renatus shows that despite a recent quarterly increase in deal volumes, the first nine months of 2023 saw a slowdown in activity, dropping from 333 to 316 compared to the same period last year.