Sunday 24 September 2017

Kentz €320m buyout of US firm boosts EY deal fees

Christian Brown, Group Chief Operating Officer and Elizabeth Rous, Group Head of Communications of Kentz
Christian Brown, Group Chief Operating Officer and Elizabeth Rous, Group Head of Communications of Kentz
Nick Webb

Nick Webb

The €320m buyout of US shale outfit Valerus by Tipperary oil services group Kentz, was the largest deal put together by the Ernst & Young corporate finance team this year.

 EY's Dublin office, fronted by Graham Reid, raised finance from a club of six international banks including Lloyds, BNP and Barclays for the deal. EY's transaction services practice has had a bumper run with fees up nearly 40 per cent in the last two years. Highlights have included advising on major transactions including Glanbia's recent €20m buyout of Wexford Creamery and the Xtra-vision sale to Hilco.

Irish Independent

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