The numbers tell a steady story. There were 136 mergers and acquisitions involving Irish companies in the first three months of 2026, a modest three per cent increase on the same period last year. Yet, the fact it went up at all says something. At a time when dealmaking across Europe has softened, buffeted by geopolitical tension, trade disruption, and war, Ireland has quietly held its ground. But the headline figures from the latest M&A report by the Irish private-equity firm Renatus only tell part of the story. Dig a little deeper, and a more interesting shift emerges. Much of…

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