Irish Merger Control Q1 – Q3 2019

Author:Ms Kate McKenna

Irish M&A buoyant with growth in private equity and tech activity while new thresholds reduce merger control burden

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Ireland continues to have a buoyant M&A market, with continued growth in particular in private equity buyouts, after 2018 saw Mergermarket report a record 163 M&A deals in Ireland. The burden of Irish merger control has reduced for parties to M&A deals due to new financial thresholds for mandatory CCPC filings, which came into effect on 1 January 2019 as explained in our previous article. In the first three quarters of 2019, we have seen a 64% decrease in the number of mandatory filings to the Competition and Consumer Protection Commission ("CCPC"). A total of 27 filings were made in this period, in contrast to 79 filings during the first three quarters of 2018. Irish mandatory media merger control filings have also taken a downturn, with 63% less filings being made in Q1 - Q3 of 2019 compared with 2018. Sectors with the most number of CCPC filings include technology and healthcare. By contrast, Real Estate ranked #1 in 2018 CCPC filings. Over 25% of CCPC filings involved private equity or investment firms. According to Mergermarket, private-equity buyouts have accounted for 19.8%...

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