Full coverage: Private equity

Elysian Capital acquired the group behind Fastway Couriers for €33m in the wake of the pandemic. Now a debt provider to the group has appointed receivers to the business.

Flexjet, recently valued at $4bn, is seeking the go-ahead from the Irish Aviation Authority to push deeper into Europe, despite a backlash against emissions from private jets.

Private equity's push further into the realm of continuation funds increasingly looks like a Ponzi scheme. Matched with US efforts to open PE assets to retail investors, it has the potential for disaster.

With private equity backing and a pipeline of acquisitions, Dains Ireland is positioning itself as a major player in the Irish accountancy sector. Regional head Neal Morrison explains how culture, not just capital, is driving the firm’s next chapter.

London-based CapVest, founded in 1999, is led by Irishman Seamus Fitzpatrick. While the private-equity firm has completed multiple deals in excess of €1 billion, this would be its largest yet.

Despite global uncertainty and a pullback in private equity, Ireland posted its strongest first-half deal volume since 2021. Financial services consolidation, SME succession, and inbound interest from the UK and US drove M&A activity.

Accounts filed in the UK show the Irish games company’s revenue grew to near €750m in 2024 but it swung to a notable loss as private-equity firm EQT closed its acquisition.

Goldman Sachs has acquired AAB, the owner of Ormsby & Rhodes, one of Ireland's oldest accountancy firms. The move will support its Irish growth plans.

Kerga, a joint-venture between BiaVest and Development Capital, has bought a German business after previously acquiring Nomadic Dairy. Münsterland is a 100-year-old business best known for co-manufacturing Jimmy’s Iced Coffee.

Irish real estate investor Lugus Capital has expanded into the UK with the hire of ex-Goldman Sachs investor James Ghent. He tells The Currency about the firm's plans for the new market.