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MML announces€135 mil Raise

MML Growth Capital Partners Ireland has announced the raise of €135 million for its second private equity fund, following the success of its first fund.

The MML Growth Capital Partners Ireland Fund 2 has been supported by leading investors including the Ireland Strategic Investment Fund (ISIF), AIB Bank, the European Investment Fund, British Business Investments, and a number of large, blue-chip US institutional investors.

Private Equity News Ireland

MML Ireland provides growth capital to SMEs on the island of Ireland for expansion, acquisitions, re-capitalisations, MBOs and shareholder re-organisations.

The fund has made 15 investments in a range of Irish businesses, deploying €125 million since its inception. Led by Partners and Co-Heads of Investment Rory Quirke and Neil McGowan, MML Ireland has already commenced deployment from Fund 2 with investments in Irish HomeCare, a Monaghan headquartered national provider of domiciliary care and in CG Power Systems Ireland, now Kyte Powertech, a Cavan based manufacturer of distribution transformers.

MML Growth Capital Partners Ireland announces €135 million Raise

Image Credit MML Ireland

MML Ireland’s typical equity investment range is €5 to €15 million which enables companies to underpin development and expansion. The portfolio companies employ over 3,000 people and combined, have revenues of circa €400 million which, in aggregate, have grown exponentially over the past six years. The involvement of both existing and new investors reflects their interest in Ireland’s SME sector and the associated development and growth opportunities.

This is an important fund for the Irish marketplace, and ISIF’s investment in the Fund will help support the growth and recovery of SMEs as indigenous businesses emerge from the Covid-19 crisis. AIB’s Equity Capital team is now well positioned to co-invest in funds such as MML Ireland’s, that have a proven track record and successful investment strategy of identifying companies and entrepreneurs with growth potential and assists to create value as they transition to the next phase of their business life-cycle.

British Business Investments’ €15m commitment will enable MML Ireland to support high-growth businesses in Northern Ireland by giving them access to the finance they need to grow and prosper.

Overall, MML Ireland’s second private equity fund will provide much-needed capital to Irish SMEs, enabling them to expand, acquire, and re-organize. The involvement of leading investors reflects the quality of the fund and the interest in Ireland’s SME sector. MML Ireland’s successful deployment of its initial fund and the overall performance of the investments in that fund gave it a strong launch pad for Fund 2.

Frequently Asked Questions

What are the common causes of private equity investment in Irish SMEs?

The common causes of private equity investment in Irish SMEs are to provide capital for business growth and expansion, to support management buyouts, to fund acquisitions, and to facilitate ownership transitions.

How can private equity investment in Irish SMEs be prevented?

Private equity investment in Irish SMEs cannot be prevented as it is a legitimate form of investment. However, SMEs can avoid private equity investment by seeking alternative sources of funding such as bank loans, government grants, and crowdfunding.

What are the symptoms of private equity investment in Irish SMEs?

There are no specific symptoms of private equity investment in Irish SMEs. However, SMEs that receive private equity investment may experience changes in ownership structure, management, and strategic direction.

What is the best treatment for private equity investment in Irish SMEs?

The best treatment for private equity investment in Irish SMEs is to ensure that the investment is aligned with the SME’s strategic goals and that the terms of the investment are fair and reasonable. SMEs should also seek professional advice to ensure that they fully understand the implications of the investment.

What are the long-term effects of private equity investment in Irish SMEs?

The long-term effects of private equity investment in Irish SMEs can be positive or negative depending on the terms of the investment and the performance of the SME. Positive effects may include increased capital, improved management, and access to new markets. Negative effects may include loss of control, increased debt, and conflicts with investors.

Are there any natural remedies for private equity investment in Irish SMEs?

There are no natural remedies for private equity investment in Irish SMEs as it is a financial transaction. However, SMEs can mitigate the risks associated with private equity investment by conducting thorough due diligence, negotiating favourable terms, and maintaining open communication with investors.

Private Equity News Ireland


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