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The total value of mergers and acquisitions in Guernsey increased over the first half of 2019, bucking a trend of declining deal value seen across the offshore region as a whole.
This was noted in Appleby's latest edition of Offshore-i, which provides data and insight on M&A transactions in major offshore financial centres.
While the offshore region as a whole recorded its busiest first half for M&A over the past five years, deal value was down on previous comparable periods due to a rise of minority-stake investments.
"Guernsey had a strong first half of the year for local dealmaking, recording modest increase in deal value over the second half of 2018," said Group Partner at Appleby, Wendy Benjamin. "The rise in deal value was due, in part, to the $889million acquisition of the global payments technology company SafeCharge, the largest local transaction of 2019 to date."
In total, the island recorded 60 deals in the first six months of 2019, worth a cumulative total of $4.7billion.
While deal volume was down when compared to the second half of 2018, value was up four percent.
As a whole, the Crown Dependencies had a healthy start to the year, with the Isle of Man and Jersey seeing a rise in deal volume over the second half of 2018 of 64% and 11%, respectively.
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