M&A | Business Post

South African insurer OUTsurance to launch in Ireland

The company plans to offer consumers motor and home insurance products

American healthcare group UPMC completes acquisition of Sports Surgery Clinic

The clinic was founded by Ray Moran in 2007 and has grown to a 101-bed facility

Tipperary based SYS Group acquires retirement planning firm

Acquisition will bring overall assets under management by SYS Group to over €315 million

The Big Interview

‘We may look complicated, but nutrition is at our core’ – Siobhán Talbot on Glanbia reaching €5.6bn

Global nutrition business Glanbia has been on ‘a phenomenal journey of evolution’ since Siobhán Talbot took charge. The chief executive says that voyage has come through ambition and a grounded respect for its origins

Glanbia earnings jump to almost €350 million as it beats expectations

Revenue at the global nutrition group rose to €5.6 billion last year

Uniphar reports earnings of €98 million for 2022

Irish-listed healthcare group is active in Europe, North America, Asia-Pacific and the Middle East and North Africa

‘There’s still a lot of strategic capital and private equity money looking to be invested’

Melior Equity Partners co-founders Peter Garvey and Jonny Cosgrave, two of the most experienced deal makers in Ireland, look at deal volume and business valuation trends over the past two years and give their forecast for the rest of 2023

Edmond Scanlon says Kerry Group ‘well positioned’ in plant-based products market

The firm slowed down launch of new products in the second half of last year in order to refine its current offering in the vegetarian and flexitarian market

Dalata buys new London hotel at Finsbury Park for £44.3 million

Newly finished hotel, the group’s first Maldron in London, consists of 192 bedrooms, ground floor lobby and a restaurant and bar

Future is bright for 70% of SMEs

Despite inflation and drop off in spending, survey shows majority are optimistic about economic conditions this year

Apex Group to acquire Bank of America’s Irish depositary arm

Depository business provides services to client assets worth $71.4 billion

UK Phenna Group buys Maurice Johnson fire safety consultancy

Safety engineering practice has previously worked on high-profile projects such as Google HQ and Dundrum Town Centre

Mergers and acquisitions activity falls 69% after record 2021 as dealmaking slows

Despite drop-off compared to last year, the actual number of deals struck involving Irish companies last year was the second highest on record, according to a London-based financial analyst

Kingspan’s acquisitions set to add €35m to profits in 2023

The Cavan-based group’s trading profit of €432.2 million for the first half of 2022 is up by 32 per cent on the year before

Analysts to upgrade Smurfit Kappa forecasts following jump in earnings

The packaging giant last week reported a 50 per cent increase in its half-yearly earnings

Brussels-listed Aedificia to double size of its Irish portfolio

Investment trust plans to buy and develop more nursing homes and other healthcare properties to a total value of €300 million

CRH agrees $1.9bn acquisition of Barrette Outdoor Living

Barrette reported a profit before tax of $79 million last year, and gross assets of $1.2 billion

T-Pro looking to expand with €60m spend on acquisitions

Irish medtech company runs a transcription-based software business focused on the medical industry

Irish packaging firm Zeus to spend €35m on M&A activity

The company’s operations in Ukraine are operating at between 50-60 per cent of budget, under ‘challenging’ conditions providing essential food packaging to retailers

Version 1 bought by Partners Group in €800m deal

Volpi sells majority stake in company which implements IT systems for large corporates and government departments