Around €80m worth of merger and acquisition activity was paused at the onset of Covid-19 within the corporate finance group at Grant Thornton, a professional services firm, in Ireland.
Patrick Dillon, head of corporate finance at Grant Thornton Ireland, said a number of merger and acquisition deals were stopped or paused across the firm when Covid-19 hit. Since then, he said many of the deals have either reignited, are in the process of starting again or have not got back yet.
On the stalled deals, Dillon said: "I would be confident that the majority of those will complete. No one has completely withdrawn, it's a case of let's figure it out. Obviously, the value may be looked at."
