Unicorn bonanza: Private equity is now a boon to help smaller firms flourish

Few European countries have enjoyed as much popularity as an investment location as Ireland has over the last five years.

Flipdish co-founders Conor McCarthy (left) and his brother James whose company is still thriving

The country has been a hotspot for businesses looking to base themselves in the European Union, enjoying the export benefits that brings, but without moving to the Continent.

Partly, as a result, the country recorded the EU’s highest GDP growth last year, at almost 14pc.

Ireland’s popularity with corporate investors isn’t new, with its long history of entrepreneurship and ambition leading to the foundation of many scaled, global businesses.

The Celtic Tiger brought a wave of blue-chip businesses to the country.

Even after Ireland’s debt crisis, foreign direct investment continued, helping to pull the economy out of recession.

The UK’s Brexit referendum, despite the many challenges it has created, has actually put Ireland in a positive light, globally.

It’s clear the country is resilient, and investment figures bear that out. Last year’s stellar GDP growth was accompanied by a 33pc rise in mergers and acquisitions (M&A) activity – the highest level of deal volume on record. The uptick in private equity activity within that was notable, with volumes up 16pc year-on-year, at 66 deals.

Source: Independent.ie

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