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Renatus’ Weekly M&A Newsletter – 04/07/2021
July 4, 2021
Renatus’ Weekly M&A Newsletter – 25/07/2021
July 25, 2021
July 18, 2021

Xtremepush receives investment from Grafton Capital, C&R receives strategic investment, Irish Life to acquire Ark Life, Cork Plastics is acquired by Wienerberger and much more in this weeks Renatus Private Equity weekly M&A newsletter.

Renatus Private Equity Dublin, Ireland

Renatus Weekly M&A & Company Performance Private Equity Newsletter 18/07/2021

Dear Reader,

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

M&A ACTIVITY

Xtremepush receives investment from Grafton Capital

Deal Details: Xtremepush has raised $33m (€27.8m) in funding from Grafton Capital, a London-based growth investor in European technology companies. Grafton Capital will own a minority stake in the company.

Xtremepush Limited develops and provides multi-channel analytics and engagement marketing platform. The company’s platform enables users to analyze, segment, and target their web and mobile application customers. Xtremepush is headquartered in Dublin and led by CEO and co-founder Tommy Kearns as well as CTO and co-founder Kevin Collins.

Advisers: FinRes acted for Xtremepush

Renatus Comment: Last year, Xtremepush raised €4.25m in debt funding from Beechbrook Capital. The company has ambitious growth plans and is targeting a €40m in annual revenue and a valuation of €500m by the end of 2023.

It will likely use a combination of organic and acquisitive growth to reach these targets with the CEO Tommy Kearns previously stating that they are on the lookout for bolt-on acquisitions in the range of €2m – €5m. Xtremepush is no stranger to M&A having previously completed the acquisition of UK companies Emailcentre and Alchemetrics.

Source: Xtremepush

C&R receives strategic investment

Deal Details: Compliance & Risks (C&R) announced that it received strategic investment from Luminate Capital Partners.
Terms of the transaction were not disclosed.

Compliance & Risks, headquarted in Cork, is the leading end-to-end global product compliance solution provider across the technology, consumer goods and retail, industrial goods and life sciences sectors.

Its customers include Bose, Tesla, Vaillant, Unisys, Samsung and Fujitsu.

San Fransisco-based Luminate Capital Partners is a private equity firm investing in growth software companies.

Luminate’s portfolio of market leaders has included AMTdirect, Comply365, Conexiom, Fintech, LiquidFrameworks, MSI, Oversight Systems, StarCompliance etc.

Advisers:
C&R:
M&A – Alan Kelly, Owen Hackett and Dermot Brennan of Focus Capital Partners
Legal – Nixson Peabody in the US
RDJ Corporate Partners Sean O’Reilly and Gillian Keating led the transaction, supported by Gavin Bluett (Corporate), Aidan Burke (Corporate), Eoghan Doolan (Corporate) and Mark Barrett (Tax). Ashling Walsh (Corporate), Eoin Tobin (Tax) and Mark Ludlow (Tax)

Luminate:
McCann Fitzgerald and Kirkland & Ellis

 

Renatus Comment: This is a great Irish entrepreneurial success story. The business was founded in 2002 by Damien McGovern. While working with Deloitte, he realised there must be a more efficient way to assess the risks and opportunities in legislation. This idea is what gave rise to the compliance knowledge management platform.

The business has been on a strong growth trajectory in the last number of years with revenue more than doubling from €4.1m in FY2015 to €11.2m in FY2020. EBITDA in FY20 was c. €3.6m.

Damien McGovern was the largest shareholder pre-transaction and the company was backed by Enterprise Ireland.

Source: Compliance & Risks

Irish Life to acquire Ark Life

Deal Details: Irish Life is to acquire Ark Life from ReAssure Ltd for a reported €230m.

The deal  is expected to be completed by early 2022, subject to regulatory and anti-trust approvals.

Ark Life is a closed-book business that manages heritage savings and protection products in Ireland, and was acquired by Phoenix as part of its ReAssure acquisition in 2020.

The deal will see Irish Life take over approximately 150,000 policies, and €2.1b worth of assets from Ark Life.

Irish Life already has a relationship with Ark Life through an outsourcing arrangement for Ark Life’s policy administration and investment management.

Advisers: None mentioned

Renatus Comment: The wealth management and pension sectors are active markets for M&A with Irish life being one of the most active players in the space. Since 2018, it has acquired Invesco, City Life, Acumen & Trust, Conexim, APT Workplace Pensions, Clearview Investments and Pensions and most recently Harvest Financial Services. It was also contender for Goodbody Stockbrokers when it was on the market.
Source: Pensions Age

Cork Plastics is acquired by Wienerberger

Deal Details: Wienerberger, the worlds biggest brick maker, has announced acquisition of Cork Plastics and FloPlast in the UK. The deal consideration has not been disclosed but is rumoured  to be worth an estimated €200m.

Cork Plastics, established in 1969, is a diversified manufacturer and supplier of plastic rainwater, drainage and plumbing products for the residential construction, agricultural and utilities sectors.

FloPlast, a sister company of Cork Plastics, was launched in 1991 and is a specialist manufacturer and supplier of plastic rainwater, drainage and plumbing systems primarily focused on the RMI sector.

Austria-headquartered Wienerberger AG operates 197 production sites in 29 countries and is the world’s largest producer of bricks and the market leader in clay roof tiles in Europe as well as concrete pavers in Central and Eastern Europe.

Advisers: None mentioned

Renatus Comment: These look to be like two highly complementary acquisitions for Wienerberger. Wiernberger is using acquisitions to expand its product portfolio and become a full systems provider in the Irish and UK markets. These acquisitions will add rainwater, roofline and drainage products to its existing portfolio.

Combined, Floplast and Cork Plastics generate €100m in revenue and employ 370 people. Pre-transaction, Cork Plastics and FloPlast were largely owned by members of the Lynch and O’Brien families.

Source: Wienerberger

Glantus acquires Technology Insight Corporation

Deal Details: Dublin-based Glantus, a provider of Accounts Payable automation and analytics solutions, has acquired Technology Insight Corporation for an undisclosed sum.

Technology Insight Corporation, a U.S. based company, has developed its own proprietary AP analytics solution, Datashark, that digitizes the recovery audit process.

The acquisition will provide an immediate boost to Glantus’ earnings per share and represents a major next step in their post-IPO growth strategy while further expanding into the U.S. market. Glantus now has over 300 customers across more than 50 countries, including Fortune 500 brands and large multi-nationals.

Advisers: None mentioned.

Renatus Comment: The consideration for the transaction is reported to be $9.3m. The acquisition is being funded by a combination of existing cash resources and a new $5.9m loan facility from Beachpoint Capital. For the year ended December 31 2020, Technology Insight reported turnover of $3.8m and pre-tax profits of $0.6m. Glantus generated revenue of €8.5m and an adjusted EBITDA of c. €2.0m in 2020.

Glantus recently completed an IPO raising £10m in funds giving it the firepower to continue to grow the business organically and through acquisition. At the time of listing, Glantus was reportedly the first Irish Company to list on a major exchange in Ireland or the UK in over two years. The global accounts payable automation market is forecast to grow from €1.8bn in 2020 to over €3bn by 2027 driven by large enterprises increasing their IT spending and migration toward cloud-based solutions.

Source: Glantus

Irish tech company AdaptiveMobile Security is acquired

Deal Details: AdaptiveMobile Security has been acquired by Swedish telecoms software firm Enea in a deal reportedly worth €45 million.

Founded in Dublin in 2006, AdaptiveMobile Security is a world leader in mobile network security, protecting more than 2.2 billion subscribers worldwide. The company, which employ 135 offices across Dublin, Dallas, Brno, Dubai and Hyderabad.

Headquartered in Stockholm, Enea is the provider of cloud-native products that are used to enable services for mobile subscribers, enterprise customers, and IoT. More than 3 billion people are estimated to rely on its products.

Advisers:
Enea: PwC acted as financial advisor and Pinsent Masons as legal advisor.

AdaptiveMobile Security: Pegasus Capital acted as Corporate Finance adviser. Feargal Brennan, Neil Keenan, Darren Daly, Eamonn Carey and Anthony Smyth of Byrne Wallace also advised.

Renatus Comment: Adaptive Mobile Security was backed by Intel Capital, Doughty Hanson & Co. Technology Ventures and Noor Financial Investment Company. It raised c. €15m in capital from Series A and Series B fundraising rounds completed back in 2006 and 2007.

CRO filings show that for the period ending December 2019, Adaptive Mobile generated an EBITDA of c. €100k off turnover of €14.65m.

Source: Irish Times, AdaptiveMobile Security

Two-Ten Health merges with Titanium Solutions

Deal Details: Two-Ten Health has merged with New Zealand-based Titanium Solutions to form the world’s largest specialised enterprise oral health software company.

Two-Ten Health’s flagship product, Salud, is a leading enterprise software solution for Dental Teaching Hospitals, Public Health Institutes and Private Dental Groups worldwide.

Titanium Solutions is a market leader for enterprise oral health solutions in Australia and New Zealand and a growing presence in the Middle East and Asia, Titanium Solutions limited provides tailored solutions for Public Health Services, Dental Schools, Corporate Chains, and Defence Health Services.

Advisers:
Two-Ten Health:
John Bowe and Sean Damery of Mazars Corporate Finance
Reddy Charlton Corporate provided legal advice
Renatus Comment: CRO filings show that Two-Ten Health had 43 different shareholders on its register prior to the transaction. Directors Carl & Gene Moynihan, David Philips and Keith Hemingway collectively owned the controlling shares in the company. Enterprise Ireland is also a backer of the company.

Most recent set of financials show the company generated €1.7m of turnover in 2018

Source: Two-Ten Health Press Release

Pinergy acquires Solar Electric

Deal Details: Pinergy, a supplier of energy, has announced the acquisition of Solar Electric for an undisclosed sum.

Wexford-based Solar Electric is an Irish designed and installar of solar renewables and energy storage systems.

Based in Clonskeagh in Dublin, Pinergy is a leading provider of renewable electricity to residential and commercial markets. Pinergy is led by CEO Enda Connell and generated c. €45m in revenues in 2020.

Advisers: None mentioned

Renatus Comment: The Solar PV market is likely to see an uplift in activity in the years ahead. Ireland’s Climate Action Bill was recently passed, establishing a legally binding framework and targets to support Ireland’s transition to a net zero emission economy. The number of Solar PVs installed will likely need to grow to support this.

Solar Electric reported revenues of c. €4m in 2019 and is projecting to hit €10m over the next three years. CRO filings show that the founder of Solar Electric, Thomas Foley held c. 34% of the shares in the business pre-transaction. Robert Goss, the Sales & Marketing Director, also held c. 34% of the shares pre-transaction.

Source: Sunday Times

Kitman lab acquires Presagla Sports

Deal Details: Irish sports tech company Kitman Labs has completed the acquisition of Presagla Sports for an undisclosed sum.

Presagla Sports, based in Canada, has developed an electronic medical records system for athletes and its clients included the Pac-12 athletic sports league and its member institutions.

Kitman Labs was founded in 2012 by Stephen Smith and Iarfhlaith Kelly and is working to reduce the risk of injury in sports by using AI and data science to improve athletes health welfare and performance.

Advisers: None mentioned

Renatus Comment: This is Kitman Labs’ second acquisition, following the acquisition of The Sports Office in the UK last year. This acquisition will increase Kitman’s presence in the US significantly.

Last year Kitman raised €5.1m from investment company QVIDTVM and c. €440k from the Sony Innovation Fund. CRO filings show founders Stephen Smith and Iarfhlaith Kelly are the largest individual shareholders in the business, with other backers including Enterprise Ireland,  US-based VC Blue Run Ventures, US banker Pete Kight and Irish rugby players Jamie Heaslip and Kevin McLoughlin.

Source: Sunday Business Post

Deals Updates & Other News

Fenergo buyout approved by EU

Deal Details: The EU Commission has approved the joint buyout of Irish fintech Fenergo by Bridgepoint and Astorg from New York venture capital giant Insight Partners.

Fenergo, with 860 employees around the world, provides software to some of the world’s largest banks.

Press reports put the value of the deal at $600m (€560m) and valued the company itself at €900m.

Source: Independent 

Open Orphan’s Poolbeg Pharma IPO

Deal Details: Dublin-listed pharmaceutical services company Open Orphan is to float Poolpeg Pharma and raise £25m (€29.4m) in its IPO on London Stock Exchange listing.

Poolbeg expects to have an initial market value of £50m on its targeted flotation date next Monday. Existing Open Orphan shareholders, who will receive direct shares in the company, will be left holding 51% of Poolbeg’s stock.

Source: Irish Times

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.

Newry-based Motis Group Limited is a shipping logistics company with over 2000 customers throughout Europe and a network of over 500 Freight Ferry routes. Along wth Newry, they also have offices in England, Czech Republic, Poland, Lithuania and Romania.

In its most recent financial year to June 2020, the business recognised revenue of £62.8m (up 4.5% YoY) and EBITDA of c. £1.3m (up 5.3% YoY). EBITDA converted to a net cash increase of c. £2.5m. The big movers in cash were a £2.6m cash release from working capital which was was partially offset by dividend payments of £410k, debt repayments of £246k and other uses for cash.

Motis was founded in October of 2002 by David McComb and Patrick Hutley who still own the business today.

Star Fuels & Farm Supplies Limited is a provider of farm supplies, including fertilizer, feed, oil and coal based in Clonmel, Co. Tipperary.

In its financial year to October 2020, the business recognised revenue of c. €19.2m (down 3.5% YoY) and EBITDA of c. €1.9m (down 5.6% YoY). EBITDA converted to a net cash increase of c. €871k with one of the most significant uses of cash being an exceptional item of c. €813k and the payment of taxes at c. €174k.

The business celebrated 25 years in business in 2018. Pat and Nora Myers started Star Fuels in 1993 and today Star Fuels employs c. 20 staff and has opened two additional branches. The business is today wholly owned by Aidan Myers.

RECENT FUNDRAISINGS

Who: Restaurant tech company SynergySuite, founded by Niall and Suzanne Keane, secures funding.

What: $7m (€5.91m) round is led by LAGOInnovation Fund, as well as existing investors First Analysis and Oyster Capital.

Why: The raise allows SynergySuite to strengthen its position in the market during a critical time for the industry.

Source: SynergySuite

Who: RGM Vent, a NI-based specialist in heat and smoke ventilations systems, wins funding.

What: £3.35m funding is a a co-investment between the Foresight Scottish Growth Fund and the Northern Ireland Opportunities Fund II, also managed by Foresight.

Why: The new funds will be used to develop new opportunities in the market, with particular focus on the expansion of its existing operations in Scotland and Ireland.

Source: Belfast Telegraph

Who: Irish cloud security platform Akeero has raised funding.

What: Akeero has raised $1.2m in a pre-seed funding round led by Dublin-based venture capital firm Frontline Ventures. Other participants include Trusight Ventures, Tiny VC, Capitoria and Oyster Capital Investments.

Why: The funds will be used to accelerate product development, market penetration and to take on more engineering and operations staff.

Source: Irish Times

Who: Viridi Energy, a new venture that plans to put solar panels o the rooftops of commercial buildings at no cost to the owner or occupier. Viridi is headed by Ciaran McManus, a former Offaly GAA footballer.

What: Elkstone Capital is committing an initial €20m and up to €100m in funds to Viridi. The company will also use green bonds to finance the installations.

Why: Viridi plans to use the funds to install Solar panels on company premises or lands and then sell the electricity generated back to the customer at a discount.

Source: Sunday Times

Who: HaloCare, a company that has developed a monitoring system to help eldery people live independently. The company was founded by Niall Kelly, David Walsh and Dr. Johnny Walker.

What: The company has raised €200k from Enterprise Ireland. This brings the total amount raised by HaloCare to c. €6.2m

Why: Funds raised will be used to support HaloCare’s growth in the Irish market first and then to expand internationally into the US.

Source: Sunday Business Post

EXECUTIVE AND 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 with details of key recent executive and board level appointments.


Gina Laverty

Source:
(Google Images & LinkedIn)


Barry Cahill

Source:
(Google Images & LinkedIn)


Gerry Fitzpatrick

Source:
(Google Images & LinkedIn)


Shane Foyle

Source:
(Google Images & LinkedIn)


Conor Molloy

Source:
(LinkedIn)

THOUGHT OF THE WEEK

Insolvencies data show a dramatic reduction in insolvencies compare to recent years.
Stock markets are at all time high.
Banks are reporting big cash balances building across businesses.
Consumer Sentiment is high.
CEO sentiment per PwC report is multiples of what is was last year.

It seems life is good and we should sit back and enjoy the ride.

Let’s hope this continues for years ahead. Cormac Lucey has a very good article in today’s Sunday Times setting out the risks to the continuation of the current trend domestically, namely:
1. More snakes and ladders with covid infections/mutations/lockdowns
2. Northern Ireland protocol not getting smoothed out and creating an EU / UK trade war
3. Sustained Inflation
4. Government borrowing needed to fund covid measures places too big a burden – particularly if interest rates were to rise

@RenatusCapital Tweets

8%

The increase in the Irish jobs postings as of June 25th over the pre-covid baseline of February 1, 2020. Sectors such as cleaning, sports and food preparation were among those to grow postings, according to Indeed.
@IndoBusiness

36%

The amount of their net income that Irish tenants spend on rent, on average. The national average rent for Q4 2020 was €1,256 and €1,745 in Dublin, according to Residential Tenancies Board. @RTBinfo

13.4% & 7.4%

The year-on-year increase in he Irish agricultural output and input price indices, respectively, for May 2021, according to @CSOIreland

5.5%

The year-on-year increase in the Irish residential property prices with the average price of €265,000 paid, according to @CSO @IrishTimesBiz

13.1%

The year-on-year increase in Dublin Port’s volumes for Q2 2021, amounting to 9 million gross tonnes, according to @DublinPortCo

41%

41% – The year-on-year increase in the passenger numbers travelling through Dublin Port for Q2 2021, amounting to 125,000 passengers, according to @DublinPortCo

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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 typically in the range of €5m – €20m. Our typical solutions include:

  • Succession planning
  • Management buyouts
  • Management buy-ins
  • Growth financing – both organic and acquisition growth financing
  • Full and partial share sale.
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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.
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    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.
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    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.

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    Mark Flood, Director

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    • 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.
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    • 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
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    Greg Dilger, Strategic Advisor

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    • He is an investor and advisor to Renatus and brings years of relevant experience to our team.
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    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.