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Renatus’ Weekly M&A Newsletter – 23/06/2019
June 23, 2019
Renatus’ Weekly M&A Newsletter – 30/06/2019
June 30, 2019
June 2, 2019

Private equity firm Carlyle Cardinal Ireland invests in The City Bin, BoyleSports enters the UK market via acquisition, Wexford engineering firm acquired by a German company, Key Capital's completes a fundraise for its latest private equity buyout fund and more in this week's newsletter.

Renatus Private Equity Dublin, Ireland

Renatus Weekly M&A & Company Performance Newsletter 02/06/2019

Dear Reader,

You are receiving this mail every week as we see you as a key partner and we look forward to continuing to enjoy our journey with you over the decades ahead.

Please find below this week’s newsletter covering the latest M&A, company performance, fundraisings and executive moves.

M&A ACTIVITY

LDC backs education technology specialist Texthelp

Deal Details: Northern Irish education and corporate software provider Texthelp, has secured investment from mid-market private equity firm LDC. Texthelp’s products include Read&Write, EquatiO, Browsealoud and WriQ. It has customers in Europe, the Americas, the Middle East and Australasia.

Texthelp is a leading provider of world class literacy and numeracy support software.

The investment will support the company’s management team which will be led CEO Mark McCuskar (who owned just under 10% of shares pre investment), CTO Martin McKay (who owned c.28% pre-investment) and CFO Seamus Scullion (who owned c.2% pre investment). This allows the firm to explore new opportunities and drive new product development.

As part of the deal, David Gilbertson has joined Texthelp’s board as non-executive chairman alongside LDC’s Steve Aston and Joseph Fison, who led the transaction and were supported by Dan Gluckman.

Texthelp currently generates revenues of £19m with the majority from  the North America market where Texthelp has a significant and growing presence.

Advisers: LDC was advised by KMPG, Gateley, EY-Parthenon and PwC. Texthelp was advised by Jefferies and Pinsent Masons.

Renatus Comment:
Delta Equity Fund LP were the biggest investor with just under half of the shares, Maurice Roche led from their side. The deal value was not publicly disclosed but industry sources suggested it was an “outlier” valuation and that Delta have taken a big return off the table. This is hot on the heels of another big exit by Delta from the sale of Digit to Scopely.

Source: LDC

Waterford-based STS Group acquired by German firm

Deal Details: The international multi-service company Dussmann Group, Berlin, has agreed to acquire the specialist engineering service provider STS Group (STS). No financial consideration has been disclosed however, it is believed to be worth an estimated €50m. STS is a quality-oriented provider of technical services that operates in many regions for various blue-chip customers.

STS employs c. 700 staff with most of its work done in Europe. Dussmann employs around 66,000 people across 17 countries. STS senior management team members, led by CEO Eddie Walsh and MD Richard Hogan, will remain with STS after the acquisition.

Advisers: LK Shields advised the Dussmann Group on the acquisition.

Renatus Comment:  The takeover deal is expected to close by the end of June, and if completed it will be another notable sale involving businessman Eddie Walsh. He was previously managing director and shareholder in Suir Engineering, which was sold to Dutch firm Imtech in 2007 for €30m. The Dussmann Group offers sufficient security with an annual turnover of c. 2.34bn euros.

Source: The Dussmann Group

India’s Toonz Media buys majority stake in Galway business

Deal Details: Toonz Media has acquired a majority stake in Telegael, an Emmy-winning production house for an undisclosed sum. Established in 1988, Telegael employs the services of c. 350 staff. It co-produces animated and live action content for a range of international partners and broadcasters.

Toonz is one of Asia’s largest animation and entertainment groups and has a workforce of over 400 in India. It stated that it sees this investment as a way of boosting its own intellectual property while also expanding its presence in the European market.

Advisers: None mentioned.

Renatus Comment: Ireland is a big player in the world of animation, particularly TV animation, with the likes of Brown Bag, JAM Media, Boulder Media and Telegael. Paul and Frances Ui Chuimin own over 2/3rds of the company between them, Micheal O’Domhnaill over 10% and four others have over 5% each.

Source: RTE

CCI invests in The City Bin

Deal Details: Carlyle Cardinal Ireland (CCI), has agreed to make an investment in The City Bin Co., an award-winning waste management company.  Terms of the investment have not been disclosed but is expected to be completed in the coming months, pending CCPC approval. The City Bin Co. was co-founded by Gene Browne in 1997 to bring a customer-centric approach to the waste management industry.  Today the company is a leading provider of waste management services in both Dublin and Galway City, serving c. 80,000 household and commercial customers.

Gene Browne will remain as CEO of the company and the existing management team, including Niall Killilea, MD and Louise Niemann, CFO, will continue to lead the company.  Ian Daly, Director, Cardinal Capital Group, Esmond Greene, Director, The Carlyle Group, and Jonathan Cosgrave, Managing Director, The Carlyle Group will join the board of directors of The City Bin Co. post-transaction.

Advisers: The deal was led by FOD partner David Ryan assisted by the teams in Galway and Dublin. David Lyons of IBI advised the company on the corporate finance side. Stephen Keogh and Maire O’Neill from William Fry advised Carlyle Cardinal. PwC’s John Casey also advised Carlyle Cardinal on the deal.

Renatus Comment:
Eamon Water’s Panda Waste is the clear market leader in Ireland and it looks like with this investment Gene Browne is muscling up to try and get City Bin closer to this scale and put a gap between themselves and Thorntons, Greyhound, Oxigen, Mr Binman and others.

Source: CCI

BoyleSports enters UK market through acquisition

Deal Details:  BoyleSports, one of Ireland’s largest bookmakers led by CEO Conor Gray, has entered the UK retail market through the acquisition of a Midlands independent bookie Wilf Gilbert. Wilf Gilbert, which was owned by Graham Gilbert prior to the transaction, currently operates 13 shops in the UK and BoyleSports has indicated that it plans to complete further acquisitions to bring its overall shop count to 100 within the next 12 months. Consideration for the deal was not disclosed.

Advisers: None mentioned

Renatus Comment: Earlier in the year, the British government introduced strict regulations on fixed odd’s betting terminals which cut the maximum stake which can be placed on the terminal from £100 to £2. This has radically changed the UK’s retail betting environment and many industry figures have warned of widespread closures of betting shops. Nonetheless even the most bearish estimates suggest there will still be over 7,000 UK retail outlets compared to over 1,000 in Ireland. It is still a significant market with plenty of money to be made in it. Boyle Sports are very good betting retailers who have made a lot from acquisition of some the Celtic Bookmakers stores and William Hill exiting Ireland. I’d be surprised if their payback period on these new stores was longer than four years and the FOBT effect is probably priced in. Paddy Power established a good hold on the market when the market was growing via clever organic expansion and getting some prime sites.

Source: Sunday Independent

Two Irish travel firms merge

Deal Details:  Dublin-based travel agents World Travel Centre and Core Travel, which trades as E-Travel, have merged to form a €190m business that employs 190 people. Core Travel, founded by David O’Grady, will merge into World Travel Centre and David will take a stake in the enlargened company with no cash reported to be changing hands.

World Travel Centre is run by Aidan Coghlan and deals mainly with travel agents and corporate bookings while Core Travel is a cruise and flight booking specialist.

Advisers: Michael Neary, Patrick Dillon and Ann-Marie Costello of Grant Thornton advised World Travel Centre on the merger.

Renatus Comment: World Travel Centre’s most recent accounts are for the period ending October’18 and show that it made a profit before tax of c. €2.5m off turnover of c. €143m. Core Travel’s most recent accounts are for the period ending October’17 and show that it made a profit before tax of c. €1.1m off turnover of c. €46m

Source: Sunday Independent

DEALS IN THE MAKING

Kennedy Wilson puts Portmarnock Hotel & Golf Links on the market

Deal Details: US real estate investment group Kennedy Wilson has put the Portmarnock Hotel & Golf Links up for sale, with a guide price of €50m. Since being acquired by the current owners for €27m in 2014, the Dublin resort has undergone a comprehensive upgrade involving all 134 of its guestrooms, and its banqueting and conference facilities. A new award-winning spa and enhanced golf experience were also added as part of the hotel’s €5m refurbishment programme.

Source: Irish Times

Derry manufacturer Bemis Healthcare Packaging to be sold

Deal Details: Bemis Healthcare Packaging in Derry is on the market after its US parent company announced a decision to sell over competition concerns following its own acquisition. The manufacturer employs c. 300 people and is a subsidiary of Bemis Co Inc in Neenah, Wisconsin. According to the latest company accounts for the business, Bemis is being sold to Australian company Amcor Ltd, with the merger due to complete over the next few months.

A condition of the sale, which has been imposed by the European Commission, is the disposal of Bemis plants in the UK and Ireland – including the plant in Campsie and another in Clara in Co Offaly. Amcor operates Amcor Flexibles in Europe, which includes sites in Sligo and Cumbria. The business makes packaging for markets including pet care, health care and home care.

Source: The Belfast Telegraph 

Aircoach could be sold as part of First Groups new strategy

Deal Details: The Aircoach service that operates a number of routes to Dublin Airport could have a new owner within months. UK transport company First Group said it’s looking to sell its bus division, which includes the Irish business. FirstGroup is also selling the iconic Greyhound coach service in the United States as part of a new strategy. It confirmed that the so-called separation plan for its First Bus operation could include a sale of Aircoach, which employs c. 200.

Source: Irish independent

EXECUTIVE & BOARD APPOINTMENTS

We in Renatus believe that more important than the deals are the people and we have teamed up with leaders in this field Korn Ferry to provide you details of key recent executive and board level appointments

Urebo Residential appoints new Partner
Urebo Residential has appointed Richard Ball as a Partner at the firm.  Mr. Ball previously worked for Hibernia REIT as CIO and Clancourt Group as Investment Manager.  Prior to Clancourt, Mr. Ball was Corporate Finance Manager at Michael McNamara & Co.  He is a Chartered Accountant having trained at BDO.

Focus Capital Partners appoints new Associate Director
Brian Barrett, a former Director at EY, has joined Focus Capital Partners as Associate Director.  Mr Barrett, who is a UCC graduate and CIMA qualified, previously worked at IBI Corporate.  In his earlier career, he worked at Bank of Ireland Securities Services and at State Street.

Deloitte appoints Harry Goddard as Ireland CEO
Harry Goddard is Deloitte Ireland’s new CEO.  Mr Goddard has worked at Deloitte for over 11 years as a Partner at the firm.  He previously worked at KPMG Consulting as a Principal before assuming the Managing Director role at the firm’s Bearing Point business.  Mr. Goddard is a graduate of the University of Limerick.

Arkphire appoints new Group Financial Controller
Irish owned IT solutions and managed services company, Arkphire, has appointed Daragh McMahon as Group Financial Controller. Having trained and qualified as a chartered accountant with KPMG, Mr McMahon has since assumed senior financial roles in leading international businesses including H&K International and ICON Plc.  He is a graduate of the University of Limerick and is a member of the Institute of Chartered Accountants in Ireland.

COMPANY PERFORMANCE

EBITDA  is an accounting term and is often the best indicator of profitability in non-capital-intensive businesses before financing and tax are considered. In capital-intensive businesses EBIT or EBITDA less average Capital Expenditure are often better measures. YoY is an acronym for the year-on-year movement in turnover, EBITDA, etc.

Headquartered in Limerick with operations in Dublin and Lisburn, Shortt Stainless Steel is a supplier of stainless steel raw materials as well as additional processing services to a number of industries, including the dairy, food processing, pharmaceutical and architectural industries. Despite flat revenue growth in FY18 and 2.3 percentage point deterioration in gross margin, the business grew EBITDA by c. 6% as a result of cutting its admin costs by c. €600k. The company employs 102 staff at an annual cost of c. €4.4m and is a capital intensive business with the company having spent a cumulative c. €2.7m on CapEx in the prior two fiscal periods, the majority of which went into plant and equipment. The company has bank debt of c. €260k along with an additional c. €1.85m in finance lease obligations against a cash balance of c. €1m. The company is owned by Dermot (70%), Brendan (15%) and Marie Shortt (15%).

Demesne Electrical, based in Tallaght, is an independent electrical supplier, importer and distributor of industrial and electrical goods. The company was founded in 1977 and is a Deloitte Best Managed company. FY18 saw the company’s revenue growth by 6.5% to just under €16m while EBITDA grew by 20% to c. €1.2m. The EBITDA increase can be traced to a one percent decline in admin expenses as a percentage of sales. The company spent c. €205k on “Other unlisted investments” bringing the total net asset value to just under €400k. Directors remuneration for the period amounted to c. €1.2m for the company’s three directors. At the period end, the company had a cash and equivalents balance of c. €765k against a debt balance of c. €2.83m. The company is owned by Paul Fitzsimons (28%), David Williamson (28%) and Chris Mc Kenna (14%). The remaining 31% is owned by Balfe Securities Holdings Limited, a holding company owned by Paul, David and Chris.

Based in Derry, J.K.C. Garages (Coleraine) Limited is a car dealer that specialises in the sale and service of motor vehicles and accessories for both BMW and MINI. In its most recent financial year, revenue remained static at c. £50.6m which was split between Vehicle sales of c. £46.8m and Servicing and parts of c. £3.8m. EBITDA declined by 7.9% in 2018 to £1.1m which was largely due to an increase in administrative expenses by c. £200K. The company employed on average 76 people for the year at an annual cost of c. £2.3m. At the period end, the company had c. £10k debt against a cash balance of £1.65m. J.K.C. Garages (Coleraine) is owned largely by the Cassidy family with John K. Cassidy owning 46.88%, Cassidy Family Trust 31.25%, Mark Cassidy 15.62% and also Niall McFlynn owning the remaining 6.25%.

RECENT FUNDRAISINGS

Who: KPMG Partner Mike Hayes (also KPMG’s global renewables leader) is working in collaboration with the World  Economic Forum to establish a €3B global Sustainable Energy Innovation Fund (SEIF) in order to tackle the energy innovation deficit. This was highlighted in the Paris Climate Change agreement as one of the key challenges in fighting climate change.

What: The SEIF is a unique proposition involving the use of an innovative blended finance model to attract both public and private investors and will focus on transformative solutions that have an application to developing countries. Ireland is one of the possible locations being considered by the SEIF. Both the EU Commission and the UN-backed Green Climate Fund have expressed strong support for the uniqueness and the vast global ambition of the SEIF. Hayes has been instrumental in designing the commercial proposition. A process is currently underway to appoint a global investment manager for the SEIF and it is expected to be formally launched at Davos 2020.

Why: In many ways the SEIF is tackling the same issues as the Bill Gates-backed Breakthrough Energy Coalition but with different areas of focus.

Source: Sunday Independent

Who: Irish craft beer maker Rye River Brewing is planning to raise new funding this year.

What: The business is planning to raise €2.5m. Rye River’s MD Tom Cronin stated it would probably seek to raise the money from a non-bank lender.

Why: The funding will be used to expand the brewing and bottling capacity of its Celbridge plant to increase its export capability.

Source: Irish Times

Who: Aratech Technologies, a business led by Cecil Ryan that develops hand washing technology.

What: The business has raised money from Jim Curley, of Jones Engineering, Paul McKeon, Chairman of Propylon, and the Flynn Contracting Group.

Why: There was no stated reason for the fundraise however we understand the funds will be used to build on the company’s strong momentum in the market.

Source: Sunday Times

Who: Dublin-based Key Capital has raised funding for its latest private equity buyout fund.

What: The firm has secured €72m for its new fund. The average investment per client in the latest fund was between €500,000 and €600,000, according to MD Martin Lally.

Why: About half of the latest fund has already been committed, while the remainder will be funnelled to managers over the next two years.

Source: Irish Independent

Who: Suir Valley Ventures, which backs early-stage technology companies across AR/VR, AI and IoT has announced its participation in a new funding round.

What: The entrepreneur-led venture capital firm announced its participation in a €1.1m funding round for Ambisense, which was led by Atlantic Bridge.

Why: Ambisense raised the funding as it looks to grow into a globally recognised company.

Source: Irish Times

THOUGHT FOR THE WEEK

I met a person who I would regard as a great judge of people and C-level executives during the week and he said all of his reading, learning and experience has led him to believe that one trait above all others that sets people apart is curiosity.

It is hard to disagree. I went googling academic support for same and this article was the best I came across https://www.business2community.com/leadership/curiosity-key-success-ceos-01930831 .

@RenatusCapital Tweets

3.5% & 4%
The respective year-on-year increases in the value & volume of retail sales in Ireland as of April 2019.
@CSOIreland

4% 
The year-on-year increase for the total number of trips made to Ireland by overseas residents for the month of April 2019, accounting for 938,000 trips.
@CSOIreland

13%
The year-on-year rise in domestic mortgage approval rates for the three months to the end of April, with approvals jumping 9.5% in April, accounting for €931m of new loans approved for that month alone. According to the Banking & Payments Federation Ireland.
@IndoBusienss

3.4% 
The year-on-year increase in Irish average weekly earnings for the first three months of 2019, rising to €769.98 in Q1 2019 from €744.76 in Q1 2018.
@CSOIreland

ABOUT RENATUS

Renatus was established in 2014 by Mark Flood and Brendan Traynor 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…

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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.

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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.