Guernsey Sees Increase In Mergers And Acquisitions
by Jason Gorringe, Lowtax.net, London
24 November, 2014
Guernsey mergers and acquisitions activity bucked the overall offshore trend in the third quarter of this year, with substantial increases in both deal value and volume compared with the second quarter.
The latest edition of Offshore-i, a report from Appleby, an offshore legal, fiduciary and administration services provider, shows that 2014 is on track to be the busiest year for mergers and acquisitions in the past decade.
The figures show that Guernsey saw 64 deals with a total value of USD1.82bn in the third quarter of the year. This represented a 28 percent increase in the number of deals and a 43 percent increase in deal value compared with the second quarter of the year.
Jeremy Berchem, Appleby's Corporate and Commercial Group Partner in Guernsey, said: "The Crown Dependencies of Guernsey, Jersey, and the Isle of Man have all seen a rise in deal volume, as compared to the second quarter of 2014, up 28 percent, 11 percent, and 59 percent, respectively. Guernsey was also among the jurisdictions that saw the most positive growth in deal value when compared to the previous quarter."
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