Deal volumes fall as Tughans remains most activeBy Matthew Ord, Digital Staff Writer
Tughans has maintained its position as the most active law firm in Northern Ireland for the first nine months of 2014, according to the latest Experian deals review and adviser league tables.
The Belfast-based firm participated in 12 out of the 43 deals completed in the country, which amounted to six-times that of the second placed firm.
John-George Willis, head of corporate at Tughans, said: "Although Experian confirms that the total number of deals in the UK and Ireland has declined slightly compared to last year, the firm’s excellent relationships with companies in the manufacturing sector has meant that our merger and acquisition teams have had a buoyant year to date, which we expect to continue."
The report states that the 43 transactions that took place had a value of £321.6m, although deal volumes in Northern Ireland were down by 27.7 per cent and the overall transaction value fell by 10.4 per cent.
Manufacturing continues to be a key driver of Northern Irish deal activity, being responsible for more than 25 per cent of all transactions for the year to date.
The report was carried out by the UK and Ireland division of global information services company Experian and the Northern Ireland league tables formed part of a detailed review of deal transactions in eleven UK regions and the Republic of Ireland.