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Renatus backing turns up heat at CRS Mobile Cold Storage
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Renatus Private Equity Dublin, Ireland

Renatus End of Year Sentiment Poll Highlights

In closing 2020, Renatus conducted a short survey amongst its valued network in conjunction with The Sunday Times. We asked questions looking back on how Covid impacted the last 12-months, and what to expect ahead for the next 12-months post-Covid. The survey was conducted before the recent level 5 announcements and received over 1,000 responses, between 13/12/2020 to 17/12/2020. Our results are summarised below.

We thank you all again for your valued feedback.

Respondents Profile

Core highlights from the survey:

  • 74% of respondents were C-Level, Shareholders or Management.
  • While 48% of respondents expect to work either “majority from home” of “all from home” in H1 2021, this sentiment flips in H2 2021, with 47% of respondents expect to spend the “majority of the time” or “all of the time” back in the office.
  • Working from home looks set to remain in a post-Covid world with 68% of respondents expecting to work more from home post-Covid, with 38% of these expecting to work “significantly more” from home. This is compared to pre-Covid, suggesting the future is neither one nor other but much more of a hybrid.
  • 2021 is being viewed as a year of a return to growth, with 53% of respondents expecting to hire more staff in by December 2021 that they had in December 2019. Only 15% expect to have less staff.
  • On balance, working from home has had a positive effect on productivity. 78% of respondents believe that their team is equally or more productive working from home vs 23% who believe that their team is less productive.
  • Video conferencing looks to be a more long-term fixture in how people interact. There was an 8 percentage point rise in the respondents expecting to increase their use of video conferencing services in 2021 compared to our survey in April. In 2021, 98% of respondents expect to use video conferencing the same or more than they did pre-Covid.
  • Covid travel concerns remain, with 77% of respondents expecting to travel less by air in 2021 vs pre-Covid, up 23 percentage points from the same question in Aprils’ survey.
  • M&A opportunities are a key pillar of growth for respondents in 2021, with 28% expecting it to be their business’ biggest opportunity for growth.
  • The Covid hangover on business sentiment is seen as the biggest potential limiting factor for growth with respondents. 39% of respondents see business sentiment as the biggest limiting factor, followed by market growth with 27%.
  • Unsurprisingly, with 34% of the responses, the thing people miss most in lockdown is socialising.

Q 1. (A) On average, how many days per week do you expect to be in the office in H1 2021?

  • In H1 2021, 32% of respondents assume to work ‘Majority from home but some from the office’
  • Only 16% assume to work ‘all from home’ during H1

Q 1. (B) On average, how many days per week do you expect to be in the office in H2 2021?

  • In H2 2021 32% respondents assume to work ‘Majority from office & some from home’
  • 25% of respondents expect to split their time 50:50 between home and office
  • Only 6% expect to work ‘All from home’ in H2

Q 2. Do you think you’ll work more from home when normality returns than you did Pre-Covid?

  • A cumulative 68% of respondents expect to work ‘significantly more’ or ‘marginally more’ from home post-Covid

Q 3. Do you expect to have more staff employed in December 2021 than you did in December 2019?

  • 53% of respondents expect to hire more staff in 2021, while 32% saw no change
  • 15% expect to have less staff

Q 4. Do you feel the team you manage or work on is more or less productive since Covid?

  • 32% of respondents found the staff to be more productive since covid
  • 42% found no change in staff productivity
  • Only 21% found their staff to be less productive

Q 5. Do you think you will use video conferencing more in 2021 than pre-covid? (e.g. Google Hangouts Teams, or Zoom etc)

  • 98% of respondents expect to use video conferencing the same or more than they did pre-Covid

Q 6. Will your networking patterns increase or decrease your carbon footprint from your commute? (i.e. will you drive to meetings more opposed to taking public transport)

  • Only 18% of respondents expect to increase their networking patterns post-Covid
  • 43% of respondents expect no change to their networking patterns post-Covid

Q 7. Do you think you will travel less by air in 2021 than pre-covid?

  • 77% of respondents expect to significantly or marginally reduce their air travel post-Covid
  • Only 5% expect to increase their air travel plans

Q 8. Where do you see the biggest opportunity for your business in 2021?

  • 31% of respondents saw product development & innovation as the biggest opportunity for their business in 2021
  • 28 % of respondents saw M&A as the biggest opportunity for 2021
  • An increased online & digital presence wasn’t far behind with 26% of respondents seeing it as the biggest opportunity for 2021

Q 9. What do you see as the biggest limiting factor to business recovery in a post-Covid environment?

  • 39% of respondents see business sentiment as the biggest limiting factor to business recovery post-Covid

Q 10. What did you miss most in lockdown?

  • 34% of respondents miss socialising the most
  • Family & work colleagues were least missed during Covid with 22% of respondents voting for these

Are there any sectors/industries that you think will be long-run beneficiaries from Covid and why?

  • Responses to this open-ended question are compared to pre-Covid and are pooled under the below respective categories
  • Digital / IT & Healthcare / Pharma are the main sectors respondents think will benefit post Covid-19
  • E-commerce & Logistics should also benefit according to respondents
  • Construction, advisory and retail were also mentioned on numerous occasions

ABOUT RENATUS

Renatus was established in 2014 to provide growth funding to growing Irish SMEs and to partner with ambitious management teams to help companies reach their full potential.
Renatus targets companies with sustainable earnings of €1m+ and valuations of €5m and above. Our typical solutions include:
  • Succession Planning
  • Management Buyouts / Buy-Ins
  • Funding for organic growth
  • Acquisition Funding; and
  • Share Sales
Management Partners
Business Owners

OUR INVESTMENTS

LEARN MORE…

Renatus’ Knowledge Centre

Our Knowledge Centre is filled with insights from some of Ireland’s top business leaders on Succession Planning, Management Buyouts / Buy-Ins, Growth Financing and much more.

Visit the Knowledge Centre

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    Adrian Stackpoole, Digital Marketing Associate

    • Adrian joined Renatus in 2018, initially as a Marketing Executive before moving into the role of Digital Marketing Associate. As part of his role, Adrian manages all the digital marketing aspects of Renatus as well as conducting digital research for portfolio companies.
    • Adrian holds with a BBS degree in Marketing and Entrepreneurship from the University of Limerick, as well as a Postgraduate degree from The Digital Marketing Institute.
    • Prior to joining Renatus, Adrian worked in New York with a start-up hospitality group, specalising in marketing and operations.
    TIERNAN O’HAGAN

    Tiernan O’Hagan, Associate

    • Tiernan recently joined Renatus Capital Partners as a Private Equity Associate. As part of his role, he researches and analyses the potential of new investments and acquisitions
    • Tiernan graduated with a B.Sc in business and law from DIT Aungier street & an MSc. in Entrepreneurship from Trinity College Dublin.
    • Previously worked with Capnua Corporate Finance for three months during a summer internship.
    • Tiernan is also in the process of sitting ACCA exams.
    Bronagh Kearns Renatus

    Bronagh Kearns, Associate

      • Bronagh recently joined Renatus as a Private Equity Associate. As part of her role, she will be researching and executing investment opportunities.
      • Bronagh holds a MSc in Quantitative Finance from UCD Michael Smurfit Business School and a BSc in Finance from University College Cork. Currently, Bronagh is in the process of obtaining the ACCA qualification.
      • Prior to joining Renatus, Bronagh worked as an Investment Banking Analyst in Rubicon Capital Advisors where she worked on M&A transactions on the execution side and financial modelling in the infrastructure sector. She also worked as an Investment Associate in River and Mercantile Solutions in London quantitatively screening different investment opportunities across all asset classes.
    Alan Manning Renatus

    Alan Manning, Associate

    • Alan joined Renatus Capital Partners in September 2021 as a Private Equity Associate. As part of his role, Alan researches and analyses potential investments and acquisitions.
    • Alan holds a B.Sc Finance from University College Cork.
    • Previously working in KPMG’s Consulting division, with the Financial Management Consulting team. During his time there he was engaged on a Finance Function Review for a European Travel Technology firm, and a review of the cash management strategy of an Irish Commercial Bank.
    • In the process of sitting ACCA exams.

    Conor Hall, Associate

    • Conor joined Renatus Capital Partners in June 2018 as a Private Equity Associate. As part of his role, Conor researches and analyses potential investments and acquisitions.
    • Conor holds an M.Sc. in Quantitative Finance from UCD Michael Smurfit Graduate Business School and a B.Sc. in Economics & Finance from UCD. He is currently working towards attaining the ACCA and CFA qualifications.
    • Prior to joining Renatus, Conor worked as an Analytics Analyst with Accenture, specialising in predictive modelling for fraud.

    Kyle Barry, Associate

    • Kyle joined Renatus Capital Partners in June 2016 as a Private Equity Associate. As part of Kyle’s role, he researches and analyses the potential of new investments and acquisitions.
    • Since joining, Kyle has worked on numerous transactions, including Simtech and Rennicks, and has worked with Renatus’ investee companies on a number of strategic projects.
    • Kyle holds an MSc. in Quantitative Finance (University College Dublin) and a BA Finance (Maynooth University). Currently, Kyle is in the process of completing the ACCA qualification.
    • Prior to joining Renatus, Kyle spent 15 months in Intel’s Finance department where he worked across the financial reporting, tax and capital financing teams.

    Philip Gardiner, Associate Director

    • Philip is an Associate Director with Renatus Capital Partners, having first joined the firm as its first employee in 2014.
    • Philip has responsibility for screening, assessment and structuring of new acquisitions.
    • He has worked on a number of transactions at Renatus including Boojum Mexican Restaurants and Simtech Aviation. Philip works actively with the boards of Boojum and Simtech Aviation.
    • Prior to joining Renatus, Philip spent four years in AIB’s corporate banking team where he worked on a mix of real estate and cash flow lending deals.
    • Philip is a member of the ACCA and holds an MSc. in Financial Services and a Bachelor in Business Studies, both from the University of Limerick.

    Jane Martin, Marketing and Administration Manager

    • Jane joined Renatus Capital Partners in June 2019 as a Marketing and Administration Manager. As part of Jane’s role, she writes the weekly newsletter, works on the CRM and looks after the admin and ad hoc tasks
    • Prior to joining Renatus, Jane worked as a Senior Account Manager in Mace Promotions where she worked closely with many SMEs as well as large corporations on their marketing projects

    Mark Flood, Director

    • Mark co-founded Renatus with Brendan Traynor in 2014. Prior to establishing Renatus, Mark spent seven years on the senior management team of the Racing Post in various operational and commercial roles. Before founding Renatus, Mark was Managing Director of the Racing Post’s Irish operation.
    • Prior to his career in the Racing Post, Mark was the first employee of FL Partners, an Irish based international private equity firm, where he was actively involved in over €300m worth of transactions.
    • Mark combines his financial, operational and commercial experience to bring value and energy to all partner companies.
    • Mark is a Chartered Accountant and holds a Bachelor of Commerce and Masters in Accounting from NUI Galway.

    Brendan Traynor, Director

    • Brendan is a co-founder of Renatus. Prior to establishing Renatus, he was a Director in BDO Corporate Finance specialising in M&A, MBO’s/MBI’s, debt and private equity fundraising across a diverse range of sectors and clients.
    • His career focus and passion is the Irish SME sector and his deal expertise covers sectors such as retail, manufacturing, FMCG, healthcare, avaiation, media, medical devices, food and agriculture, construction, and hotels and leisure.
    • Brendan is a Chartered Accountant and holds a Bachelor of Commerce from University College Dublin

    Conor Mehigan, Associate Director

    • Conor joined Renatus Capital Partners in 2021 as an Associate Director. Conor has responsibility for screening, assessment and structuring of new investments and acquisitions.
    • Prior to joining Renatus, Conor spent five years in IBI Corporate Finance specialising in M&A, debt and private equity fundraising for private and public companies across a range of sectors. Prior to his career in IBI Corporate Finance, Conor spent four years in Deloitte’s Corporate Finance Division, specialising in Transaction Services
    • Conor is a Chartered Accountant and holds a BSc in Finance from University College Cork

    Greg Dilger, Strategic Advisor

    • Greg Dilger is a former Executive Director of NCB Stockbrokers and Investec Wealth & Investment.
    • He is an investor and advisor to Renatus and brings years of relevant experience to our team.
    • Greg is also currently a Non-Executive Director of Brewin Dolphin Ireland.
    Patrick Dooley Renatus

    Patrick Dooley, Associate Director

    • Patrick joined Renatus in November 2022 as an Associate Director. Patrick has responsibility for screening, assessment and structuring of new investments and acquisitions.
    • Patrick previously held leading positions in Focus Capital Partners, PKF O’​Connor, Leddy & Holmes & EY.
    • Patrick is a charted accountant and holds a Bachelor of Accounting and Finance degree from DCU, along with a Masters degree in Accounting from TUD.

    John Dwyer, Chairman

    • John joined Renatus in 2018 as a Chairman. Prior to Renatus, John spent 30 years at PwC in the UK, 20 years as a Partner, John led the UK and Global Deals business at PwC and was an executive board member of the UK firm.
    • Prior to that, John led the UK and Global Private Equity business at PwC and worked with firms including 3i Group, Apax Partners, CVC Capital Partners and Cinven.
    • John is married to Natasha and they have three children. John works between Dublin and London and his charity work includes chairmanship of Irish Youth Foundation UK.
    • He is an advisor and Board member of Irish digital marketing firm Pigsback and media firm Racing Post.
    • John is a Chartered Accountant and holds a Bachelor of Commerce from UCD.