ALG acts on Northern Ireland’s biggest deal in nearly a decade

ALG is proud to have played a key advisory role in the acquisition of Phoenix Energy, described by Experian in its latest ‘M&A Review’ as the third biggest transaction in Northern Ireland’s corporate history. 

In what is Northern Ireland’s largest deal since 2015, ALG advised a consortium made up of Power Assets Holdings, CK Infrastructure Holdings and CK Asset Holdings on its acquisition of Phoenix Energy. 

Citing “a return to big ticket M&A” in the second quarter of 2024, Experian reports disclosable deal value in Northern Ireland to have reached almost £900m in the first half of this year – boosted by the £760m Phoenix Energy transaction.

ALG acted on over 85% of the almost £900m of deals recorded in Northern Ireland in H1 of 2024, advising on 24 disclosable transactions in January to June.

David Rowan, our Head of Corporate in Northern Ireland, commented: “Over the past decade ALG has consistently ranked as the lead adviser by value of deals, acting on many of the largest and most complex local and international transactions with the greatest impact on the economic development of Northern Ireland.”

Date published: 1 August 2024