Business Irish

Saturday 3 December 2016

Davy picks up gong for financial adviser of the year

Published 10/12/2015 | 02:30

Davy acted as financial advisor to the independent board committee of Dragon Oil when the Dublin-listed firm was being taken over by Emirates National Oil Company.
Davy acted as financial advisor to the independent board committee of Dragon Oil when the Dublin-listed firm was being taken over by Emirates National Oil Company.

Davy Corporate Finance has been named "financial advisor of the year - Ireland" by industry news service Mergermarket.

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During 2015 Davy acted as financial advisor to the independent board committee of Dragon Oil when the Dublin-listed firm was being taken over by Emirates National Oil Company. The firm also helped run CRH's €1.6bn placing to help fund its purchase of assets from Lafarge-Holcim.

The Dawson Street-based firm also particpated in DCC's €197m placing which helped fund the company's takeover of Butagaz.

On the IPO front, Davy helped Hostelworld and Malin access the public markets in flotations that were worth more than half a billion euro.

It also was involved in numerous other fundraisings.

Other clients included Dalata. The hotels giant used Davy when it was pursuing its €455m takeover of the Moran Hotels business - one that catapulted it to the top tier of Irish business.

Davy Corporate Finance MD Ivan Murphy commented: "[We] are delighted to have received this prestigious award."

"This is the third time in the past four years that Davy Corporate Finance has been identified as the leading financial adviser in Ireland, a testament to the consistently high-quality advice that we seek to offer our clients on every transaction.

"The past year has seen increased corporate activity as the economic recovery in Ireland continues, and we look forward to guiding our clients through further transformational deals in the months and years ahead," he added.

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