More money was spent on M&A transactions in Jersey than any other offshore jurisdiction in the first half of 2018 and the Isle of Man experienced a 38% increase in the number of local M&A transactions in the first half of 2018 when compared to the final six months of last year.
Deals targeting Jersey-incorporated companies accounted for nearly one-third of the value of all offshore transactions in the first half of the year. The Crown Dependencies are making a strong showing in 2018, with investment funds and manufacturing companies featuring prominently. The International Stock Exchange, which is headquartered in Guernsey, is also reporting impressive growth in the rate of new listings" said Wendy Benjamin, managing partner of Appleby's Jersey office and group partner of Appleby's Guernsey office.
Collectively, the Crown Dependencies showed a strong preference for domestic deals in the first half of 2018, demonstrating faith in the local economies and a recognition that there are local targets worth investing in." said Faye Moffett, managing partner and group head of the Corporate Department in Appleby's Isle of Man office.
The latest edition of Offshore-i, an Appleby report that provides data and insight on merger and acquisition activity in the major offshore financial centres, focuses on transactions announced over the first half of 2018. Click here to access the report.
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