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Renatus’ Weekly M&A Newsletter – 05/07/2020
July 5, 2020
Renatus’ Weekly M&A Newsletter – 26/07/2020
July 26, 2020
July 19, 2020

Technimark acquires Tool & Plastics, INM acquires Cartell.ie, Glenamaddy and St Jarlath’s Credit Unions merge, Philips PathXL acquired by Cirdan, ESB have acquired a number of solar projects & more, in this week's Newsletter.

Renatus Private Equity Dublin, Ireland

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

Technimark acquires Tool & Plastics

Deal Details: Global plastics company Technimark, which is backed by Pritzker Private Capital, has acquired Longford based Tool & Plastics Industries Ltd. The financial terms of the transaction were not disclosed.

Tool & Plastics Industries Ltd specialises in manufacturing injection moulded product for the medical devices  and pharmaceutical sector.
The company operates from a number of ISO Class 8 Cleanroom environments in its facility in Ireland and from an IATF 16949 compliant facility in the Czech Republic.

Technimark is a leading global provider of custom rigid plastic packaging and components. Family-founded and led for more than 30 years, it has facilities in the United Kingdom, United States, Mexico, China and Germany.

The combined company will have 13 facilities and over 4,400 employees worldwide.

Pritzker Private Capital partners with middle-market companies based in North America with leading positions in the manufactured products, services and healthcare sectors.

Advisers: RBK’s corporate finance partner Chris Ball, Fiona Murphy (tax) and Colm O’Grady (advisory) led this transaction. LK Shield’s team led by Ruairi Mulrean (commercial) and Cathal Hester (property) advised on the legals.
Arthur Cox team led by Michael Coyle (Partner, Corporate and M&A) with Amy McDermott, Lyndsey McGinn and Sinead McDonagh (Associates, Corporate and M&A) acted for Pritzker Private Capital and its portfolio company, Technimark LLC.

Renatus Comment: Downstream Suppliers to medical device and pharmaceutical companies are in general performing well in spite of the current climate and are in demand by investors trade and otherwise. The well documented shift to near-sourcing should also favour companies such as Tool and Plastics.

Previous to this transaction, Tool and Plastic Industries Ltd was owned by Colm Cuffe (50%) and Declan O’Rourke (50%).

Source: PR Newswire

INM acquires Cartell.ie

Deal Details: Independent News & Media, owned by Dutch company Mediahuis, has acquired motoring data company Cartell.ie for an undisclosed sum.

Cartell.ie will merge with CarsIreland, a motoring subsidiary INM acquired 9 years ago.

Nicola Ahearne, Managing director of Cartell.ie believes that the combination of the two motor companies will enable them to scale and grow.

INM Chief executive Mark Vangeel sees this acquisition as an important step in a market they already have strong foundations in.

Advisers: Niall Flood and Megan Smythe of KPMG corporate finance acted as the financial advisors for Cartell shareholders while Alan O’Driscoll and John Troute of Flynn O’Driscoll provided legal advice.

Arthur Cox team, led by Cian McCourt (Partner, Corporate and M&A) with Andrea Bowdren and Amina Flynn (Associates, Corporate and M&A) assisted INM with legal advice and PwC with the financials.

Renatus Comment: The combination of Cartell.ie and Carslreland will create synergetic benefits that will no doubt lead to long term growth under a single entity. The motor data capability of cartel.ie will complement and add value to the online marketplace of  CarsIreland. Recently we have seen Mediahuis be an active player in the European M&A Market as they attempt to diversify away  from their main business line of media. This deal is just another Investment apart of an ever-growing diversified portfolio.

Source: The Irish Times

Glenamaddy and St Jarlath’s Credit Unions merge

Deal Details: Galway-based Glenamaddy and St Jarlath’s Credit Unions have merged, the new entity will have combined assets amounting to €260m.

Glenamaddy Credit Union which is located in East Galway, has 5,000 members and €27m worth of assets. St Jarlath’s is considerably larger with 50,000 members and over €230m in assets.

The merger will ensure that members of the Glenamaddy Credit Union will be able to access a broader range of financial services. The Central Bank requires a minimum asset value of €75m in order to offer a fully functional current account.

The merger marks the beginning of a move towards wider consolidation in the sector.
It is reported that St Jarlath’s will merge with two other Credit Unions in 2021 with total assets amounting to c. €500m.

Advisers: None mentioned

Renatus Comment: Scale is important in any retail financial services offering and this applies to not-for-profit entities as well as private enterprises.

Source: Irish Times

Philips PathXL acquired by Cirdan

Deal Details: Cirdan, a medical diagnostics company has acquired Belfast-based Philips digital and computation pathology business PathXL. The financial consideration of the transaction was not disclosed.

Headquartered in Northern Ireland, Cirdan, with offices also in Canada and Australia specialises in the development of technology that supports and speeds up diagnosis, primarily in the pathology space.

PathXL was established in 2004 as a Queens University Belfast spin-out company and was purchased by Philips in 2016. It offers a range of digital pathology software applications for research and education.

Advisers: KPMG team with Niall Flood, Naomh O’Neill and Philip Maxwell advised Philips PLC on this transaction

Renatus Comment: Medtech is an interesting and growing space as digital solutions continue to disrupt the healthcare industry. Industry reports project new cancer cases to rise 70% within the next two decades, and with PathXL specialising  in digital pathology, there will no doubt be a surge in demand  for their services over the coming years. Their services combined with Cirdans have the ability and capacity to reduce the pressure on pathologists by streamlining and speeding up the diagnostic process.

Cirdan is owned by Stephen Dunniece (50%) and Hugh Cormican (50%).

Source: Cirdan

ESB have acquired a number of solar projects

Deal Details: ESB has acquired a number of solar development projects from Terra Solar II for an undisclosed sum.

ESB is majority owned by the Irish Government and this acquisition will add up to 200MW to its growing solar pipeline. The assets have been purchased in advance of the upcoming renewable electricity support scheme (Ress-1) auction process with the projects labelled “auction ready”.

Terra Solar II is a renewable developer founded by Andre Fernon and David Fewer. This sale represents less than a quarter of its portfolio and it is reported that the funds from the sale will be used to continue to develop the remainder of its portfolio.

Advisers: IBI Corporate Finance and solicitors Beauchamps advised Terra Solar II on the sale.

Source: Sunday Times

Greencoat Renewables acquires 50% of Carrickallen Wind Farm

Deal Details: ISEQ-listed Greencoat Renewables has acquired 50% of Carrickallen Wind Farm, a 20.5MW wind farm located in County Cavan.
Irish wind developer Galetech Group will continue to own the remaining 50% of the operation. The financial consideration of the deal was not disclosed.

Greencoat Renewables is an Irish investment company that focuses on Irish and Euro dominated European wind farms and renewable energy infrastructure. With this acquisition, its portfolio of operational wind assets now has an aggregate capacity of 538MW.

The acquisition is being funded by the Company’s existing credit facility. Following completion, total borrowings will represent 44% of Gross Asset Value.

Greencoat will receive a minimum floor price for the electricity generated until 2032 as the farm’s revenues are contracted under the REFIT 2 scheme.

Advisors: Paul Cantwell of Cantwell Corporate Finance acted for the Galetech Group in buying out the BVP investors in Carrickallen Wind and the subsequent sale of a 50% interest in the project to Greencoat Renewables plc.
Fieldfisher were legal advisers to Galetech and McCann Fitzgerald acted for Greencoat.

Renatus Comment: ESG Investing is an interesting space at the moment, both here and across Europe where shifts in public sentiment have resulted in a political green wave. It is likely we will see more incentives to invest into renewable energy and it will be interesting to see how quickly our reliance on carbon emitting power sources becomes unstuck.

The Galetech Group is owned by Donald (50%) and Darren (50%) Sherry.

Source: Shares Magazine

DEALS IN THE MAKING

Open Orphan signs an option to acquire CHIMagnets

Open Orphan, a Dublin-listed pharmaceutical services company has signed an option to acquire drug trial support company CHIMagnets. Under the terms of the contract they will have 3 months to acquire the company.

CHIMagnets assists in the design, manufacture and testing of products known as challenge agents. These agents are used in clinical trial challenge studies.

Cathal Friel, executive chairman of Open Orphan believes that CHIMagnets work in undertaking Covid-19 challenge agents would very much complement their own work.

Source: The Irish Times

DEAL UPDATES

CVC Capital halves its offer in the Six nations deal

In light of the Covid-19 pandemic, CVC Capital Partners has halved its offer to acquire a 14.5% stake in the Six Nations from €330m to €165m.

Negotiations, which were suspended at the beginning of March have restarted. According to the French Federation President, Bernard Laporte, the deal is expected to close in the next two months.
A final agreement is likely to be finalised at a valuation between €200m-€220m.

Source: Irish Times

OTHER NEWS

Shabra Plastics planning €4m investment in recycling plant

Shabra Plastics is planning a €4m investment into its Monaghan-based recycling plant which will increase its capacity to recycle 35,000 tons of plastic bottles and also create 30 new jobs.

Shabra Plastics is a recycler and re-processor of waste plastic (PET/HD/LDPE). The company currently has plastic recycling plant in Monaghan with a capacity of 12,000 tons of polyethylene terephthalate (PET) bottles a year and employs 70 staff. The existing plastic bottle sorting plant was built back in 2010 at a cost of €3.5m.

It is reported that Shabra already have planning permission for the expansion but Covid-19 has put a delay on the construction.

Source: Sunday Business Post

MOWI planning €22m investment

Norwegian seafood company, Mowi, is reportedly planning to invest €22m in the Irish fish-farm sector to create up to four new fish farms.

The Irish subsidiary recently added 46 new staff to its 13 operations in Ireland and this year it is anticipating exceeding €80m in sales.

Source: Irish Independent

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.

Based in Co. Limerick, Novostrat is a European Independent leader in polyethylene foams for the packaging and building industries.

In FY19, Novostrat saw revenue decrease by 1.4% to c. €27.4m while EBITDA increased by 47.4% to c. €4.3m. Of that revenue figure, only c.0.6% of sales were from Ireland, with the majority coming from the rest of Europe. Gross margins were up c.3% in FY19, due to a significant reduction in the cost of sales. Net cash decreased by c. €1.6m to leave and ending balance of c. €3.37m. The most significant drain on cash was the c. €4.0m spent on fixed assets and the c. €1.2m in loan repayments.

The company hired an extra 28 people in FY19, bringing the total headcount to 264 employed at a total cost of c. €5.16m. Lionel Junique is the 100% owner of Novostrat.

Based in Kildare, N. Conlan & Sons is a motor vehicle dealership that sells new and used BMW, Jaguar, Land Rover, Mini and Peugeot car models. It also provides related services such as servicing and financing.

In FY19, the company saw revenue increase by 11.5% to c. €65.2m while EBITDA decreased marginally by 3.9% to c. €2.9m. This decrease was largely due to an increase in administrative expenses.  There was a net cash decrease of c. €580k. The primary drain on cash resulted from movements in working capital, specifically, stocks. The company also spent c. €835k on fixed assets.

The company employed an average of 109 employees during the year at a cost of c. €4.0m. The company is 100% owned by the Conlan family.

Based in Tallaght, Demesne Electrical Sales Ltd is one of Ireland’s leading independent distributor, importer and supplier of industrial electrical components.

In its latest fiscal year, the company saw revenue increase by 5.4% to c. €16.7m while EBITDA decreased by 7.7% to c. €1.1m. There was a net cash decrease of c. €110k after movements in working capital of c. €185k and loan repayments of c. €365k.

The company employed an average of 54 employees during the year at a cost of c. €3.2m. The company is owned by David Williamson, Paul Fitzsimons and Chris McKenna.

RECENT FUNDRAISINGS

Who: BDO has announced the launch of its Development Capital Fund II.

What: €75m has been raised from the European Investment Fund (EIF), Ireland Strategic Investment Fund (ISIF) and Bank of Ireland.

Why: The funds will be invested into later-stage SMEs with an annual turnover between €5m and €80m in the ICT/Software, industrial/engineering, food and agribusiness; life sciences and clean tech sectors. Within these sectors, companies with significant job and export opportunities will be targeted.

Source: Irish Times

Who: Enterprise Ireland (EI) has announced plans to allocate €180m Covid Fund.

What: EI had previously allocated €20m of a special EU-approved Covid rescue fund to troubled Irish companies although it is reported that Chief Executive Julie Sinnamon has announced the entire Sustaining Enterprise Fund of €180m wILL be allocated before the end of the year. The EU has approved a temporary framework for the €180m fund.

Why: The fund will be used to help companies through the recovery phase. EI has identified 300 client companies that have been significantly affected by both Covid and Brexit and a further 5,000 companies have also made contact, many who are not EI clients.

Source: Irish Independent

Who: Irish digital pathology start-up Deciphex, founded by Dr Donal O’Shea in 2017, has secured funding.

What: Series A funding of €5.4m was backed by Iruus investments , The HBAN MedTech syndicate , ACT Venture Capital and Enterprise Ireland. Other Investors are US-based NextSteps Capital and GI Partners of Illinois. This brings their total funding to date to nearly €8m.
PJ Kiely of Kiely Solicitors provided legal advice to Deciphex, Gavin Lawlor and Grace Connolly of Flynn O’Driscoll acted for the investors.

Why: The investment will be used to accelerate R&D and to expand into new markets to scale further.

Source: Irish Times

Who: Software company Qualio, founded and led by Irishman Robert Fenton, has secured funding.

What: The software company has raised $11m (€9.6m) in a funding round led by Storm Ventures. Also included were new investors Sorenson Ventures and existing backers Frontline Ventures.

Why: The company, which offers a quality management platform for the life sciences sector, intends on expanding its headcount from fifty to seventy by the end of 2020 and into the hundreds by the close of 2021.

Source: Irish Times

Who: Belfast-based BrainWaveBank has secured funding.

What: The medtech company has raised £1.1m (€1.2m) in a funding round led by Edinburgh-based Par Equity as well as Techstart Ventures, The Angel CoFund and British Business Investments.

Why: The funds will be used to continue the development and commercialization of its ‘Fitbit for the Brain’ technology. The technology measures cognitive fitness using a wireless electroencephalogram (EEG) headset and related proprietary software.

Source: Irish Times

Who: Kerry IT company, Standard Access, plans to raise funds.

What: Standard Access is planning to raise €4.5m.

Why: The funds will be used to help roll-out an artificial intelligence-based system that it has developed to count crowds using CCTV systems. CEO Damien Browne believes the software can be used to monitor enforcement of social distancing in a variety of venues.

Source: Irish Independent

Who: Cork-based solar energy company Amarenco Solar, is set to raise €10m through the issue of loan notes.

What: The company is set to raise €10m through the issue of loan notes which will carry a 7% coupon. Amarenco has retained Cantor Fitzgerald Ireland to raise the funds. The company previously raised €15m in equity from a number of different sources earlier this year.

Why: The funds will be used as part of a refinancing ahead of the forthcoming government incentivised auction process for renewable energy.

Source: Sunday Times

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.

Tom Leahy

Source:
(Google Images & LinkedIn)


Rosheen McGuckian

Source:
(Google Images & LinkedIn)


Dr. Sinead Brennan

Source: 
(Google Images & LinkedIn)


David Phelan

Source:
(Google Images & LinkedIn)

THOUGHT FOR THE WEEK

It has been a while since we took pulse of the betting markets to see what they think will happen in key upcoming events.

Biden is 62% probable (8/15 odds) to be elected as per the markets to be elected with Trump 34% (7/4 odds) and the other two 4%.

There are no meaningful markets for Brexit outcomes none of which are shaping up to be pretty.

@RenatusCapital Tweets

51.9

The Ulster Bank Construction Purchasing Managers’ Index (PMI) for June 2020, a significant rise from just 19.9 in May which shows that building has activity surged last month. Any reading above 50 signals expansion. According to @IndoBusiness

5% & 4%

The year-on-year reduction in the Irish agricultural output and input price indices, respectively for May 2020, according to @CSOIreland

5%

The year-on-year decrease in the value of goods exports for May 2020 with the most notable changes in the Exports of Organic chemicals (-21%), according to @CSOIreland

20%

The year-on-year decrease in the value of goods imports for May 2020 with the most notable changes in the Imports of Other transport equipment, including aircraft (-89%). @CSOIreland

0.3%

The year-on-year increase in the Irish residential property prices for May 2020, the median price paid for a property in the month was c. €250,000, according to @CSOIreland

€3.3bn

The Irish government deficit for Q1 2020 amounting to 3.7% of quarterly GDP, according to @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…

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.