Deloitte Clients Seek Strategic Transactions

09 Aug 2017 | 02.56 pm

Deloitte Clients Seek Strategic Transactions

Cyber threats driving service demand, says Ronan Murray

09 Aug 2017 | 02.56 pm

Deloitte is the largest professional services firm globally and following a period of sustained growth it is now the second largest in Ireland. The Cork office has over 130 staff members, including six partners, the largest number of the Big Four operating in the city.

Ronan Murray, recently appointed Corporate Finance Partner for Cork and Munster region, says there an increasing demand for specialist corporate finance services, particularly in M&A, capital and debt advisory, transaction support and valuation type engagements.

“The growing requests for such services is an indication of the ongoing wider uplift in the macro-economic environment which will further fuel Deloitte’s growth ambitions in the region,” says Murray. “Achieving scale via strategic transactions is a common theme and we are currently working on a number of transactions in agri, retail and technology.

“The level of activity in the region is exciting, with the appetite for transactions increasing across all sectors. The uplift in business confidence is leading to a large number of our clients to seek out opportunities to enhance their growth objectives,” he adds.

In addition, Murray (pictured) notes that regulatory and governance requirements and the threats posed to businesses, including cyber, are driving demand for services.

With some form of Brexit looming, Deloitte has established a Brexit Taskforce to identify potential areas of impact for businesses. According to Murray: “We are working closely with our clients in Cork and Munster to address movement of people, market access, currency hedging, VAT and customs duty, regulatory environment, data protection and market opportunities. However, these uncertainties are also highlighting previously unrecognised opportunities for our clients.”

Murray describes the proposed new Cork University Business School in UCC as a fantastic development. “It will bring additional access to talented graduates as well as enhancing the overall economic fabric of the region,” he says.

 

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