The Irish arm of the private equity firm, a frequent backer of mid-market companies, has secured funding from two investors for its third fund, according to documents filed in the US.
The private-equity owner of Freshly Chopped and Scrumdiddly’s is moving to take over the smash and chicken burger chain to add to its growing stable of Irish food chains with franchise potential.
Ormsby & Rhodes, which has revenues of over €7 million and a team of 50 staff, is now teaming up with AAB. It is joining a group with combined revenues of more than €120 million and 1,000 people.
Of the 464 deals completed in Ireland last year, 74 of those involved private equity. And the advance of PE is showing no signs of slowing down.
The Dublin firm, which employs over 1,000 people, has appointed a London-based investment bank to manage a potential sale.
The investment firm is in the process of raising funds to establish a network of general practices in Ireland. It forms part of Lonsdale's plans to invest more in Ireland.
The Waterford firm has acquired Scottish engineering firm Taylor & Fraser as it eyes up energy and data-centre projects in the UK.
New Mountain Capital, the bankroller behind Grant Thornton's Irish and US merger, weighed up adding the UK arm too – but another private equity firm has beaten it to the punch.
Equity rollovers and performance conditions form part of the deal that was announced in October. A note from ratings agency Moody's also points to a post-deal stakeholding for the partners.
Recent comments by Revolut's Nik Storonsky will only add to the malaise that has gripped the London Stock Exchange and the AIM market.
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