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Renatus’ Weekly M&A Newsletter – 08/12/2019
December 8, 2019
Renatus’ Weekly M&A Newsletter – 12/01/2020
January 11, 2020
December 22, 2019

Arkphire acquires Trilogy Technologies, Accenture invests in TradeIX, Keywords Studios expands further with 3 acquisitions, 4site acquired by Indigo, Energia Group acquire Solar Farmers Ltd and much more in this week's Renatus M&A 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

Arkphire acquires Trilogy Technologies

Deal Details: Arkphire announced the acquisition of Trilogy Technologies Group for an undisclosed sum.

Established in 2009,  Trilogy Technologies is one of Ireland’s leading independent ICT Managed Services providers. In 2018, Trilogy expanded its managed security services with the acquisition of Zinopy.

Arkphire is a leading IT product procurement and IT services company with operations in Dublin, London, Sao Paulo, Singapore, Tel Aviv and Tokyo.
Arkphire has an unrivalled network of partnership accreditations with leading global IT vendors and is a Dell EMC Titanium, HP Platinum, Lenovo Platinum, Microsoft Gold and Cisco Gold Partner and the only Apple Authorised Enterprise Reseller (AAER) headquartered in Ireland.

Advisers: Arkphire was supported on the acquisition deal by IBI Corporate Finance with Trilogy Technologies working with Mazar’s Corporate Finance team.

Renatus Comment:
Revenues of the combined group are expected to be close to €150m and employing 220 people.

The acquisition was driven by two main aspects – further scaling for Arkphire and obtaining skill sets in cybersecurity, which is down to Trilogy acquiring cybersecurity company Zinopy last year.

Source: Arkphire Press Release

Accenture invests in TradeIX

Deal Details: Accenture forms strategic alliance with TradeIX via minor equity investment. Financial terms of the deal were not disclosed.

TradeIX, headquartered in Dublin with offices in London, Kettering and Singapore and operations in Germany and the US, is an award-winning technology provider and network operator of the Marco Polo Network. Its clients include BNY Mellon, Bank of America, BNP Paribas, Commerzbank, ING, Standard Chartered Bank, AIG, Oracle, and DHL.

TradeIX uses distributed ledger technology, Blockchain, to facilitate the flow of goods, services, transactions and information within a secure environment for global trade. A distributed ledger is a database that is consensually shared and synchronised across multiple sites, institutions or geographies. It allows transactions to have public ‘witness’, thereby making a cyberattack more difficult.

Accenture is a leading global professional services company, providing a broad range of services and solutions in strategy, consulting, digital, technology and operations. Accenture employs 492,000 people in more than 120 countries.

As part of the agreement, Accenture will work with TradeIX to bring to market new use cases, beyond banking, to address the needs of buyers and sellers within trade finance.

Advisers: None mentioned.

Renatus Comment: This strategic alliance further strengthens Accenture’s position within the Blockchain sector as they continue to help companies connect to the Blockchain with real-world applications from the leaders in distributed ledger.

Ireland has become a hive for blockchain activity and hosts many of the top ten companies involved in blockchain, including Accenture, Deloitte, Fidelity, Infosys, among others.

Source: Accenture Press Release

Keywords Studios expands further with 3 acquisitions

Deal Details: Keywords Studios has acquired Montreal-based Syllabes, Creative Agency ICHI and a machine translation tech company KantanMT for €11.2m.

Keywords Studios is Dublin-based international technical and creative services provider to the global video games industry and beyond.

Syllabes, founded in 2004 in Montreal, provides audio recording and casting services for the video games industry in both French and English, as well as for a range of media and entertainment partners.

Founded in 2009 and headquartered in London, ICHI provides a full suite of creative and marketing services to video game publishers and to the sports and entertainment sectors around the world.

KantanMT is a leading developer of automated translation technology with its own suite of Neural Network Machine translation engines. KantanMT was founded in 2012 and hosts 3,500+ machine translation engines and 1.3 trillion words of training data on behalf of its clients. It is based at Dublin City University’s ADAPT Centre in Ireland, a leading research institute in the field of machine translation.

Advisers: None mentioned

Renatus Comment:
Including these three companies, Keyword Studios has acquired and integrated 22 companies over the last three years, according to the company’s website – a very impressive feat. These acquisitions are solidifying Keywords’ position in a very attractive industry. The video game industry is reported to be a $152bn market growing at an estimated 9% per annum. The outsourcing market, which Keywords operates in, is highly fragmented with the majority of operators offering one or two service lines with limited geographical reach. Meanwhile, Keyword has over 50 studios located in 40 cities worldwide in 21 countries offering a full outsourced solution to game developers. This allows it to offer a very compelling value proposition to the large game developers in particular.

Source: Keywords Studios Press Release

4site acquired by Indigo

Deal Details: 4site Design Consultants Limited has been acquired by the UK’s Indigo Telecom group. The value of the deal was not disclosed.

Indigo Telecom designs, installs and maintains international telecom and data networks which facilitate the delivery of fixed line, broadband, mobile and other data services to a wide variety of end users.

Limerick-headquartered 4site is a specialist provider of mobile wireless and fibre services. These services include the survey, planning, design and build of wireless and fibre network infrastructure supported by its Limerick based fibre design centre of excellence opened in 2017.

Advisers: Deloitte Financial Advisory Partner Ronan Murray provided Lead M&A advisory services to the shareholders of 4Site. Kerry-based legal firm PMCL with Niall Lucey & Alex Hoffman provided legal support.

LK Shields acted for Indigo Telecom Group Limited. Jennifer McGuire, Partner, led the LK Shields team with assistance from James Byrne, Andrew Power, Karla Macken, Jennifer O’Neill, Gillian Dully, Elaine O’Connor, and Jane O’Grady.

Renatus Comment:
This deal will create a group with estimated combined revenue of over £50m and over 300 employees with an international network of 10 offices in UK, Ireland, France, Germany and Singapore. 4site’s design and planning expertise in delivering specialist fibre, mobile and wireless services will complement Indigo’s existing supply of multi-vendor telecom support services. CRO filings list Ian Duggan as being the 100% owner of 4site.

Source: 4site Press Release

Innovu acquires Wexford Insurances

Deal Details: Innovu, which is backed by MML Growth Capital Partners, has moved to acquire Wexford Insurances for an undisclosed sum.

Wexford Insurances was established in 1995 and has become one of Irelands leading insurance brokerages. Set up by Ken and Carmel Lawler, the company serves the equestrian market, as well as the corporates and SME markets.

Innovu acquired Sheridan Insurances last year and plans to be an active player in the consolidation of the insurance broker markets. This deal brings gross written premiums at Innovu to €40m.

Advisers: None mentioned.

Source: The Sunday Times

Willis IRM acquires Hale Kavanagh

Deal Details:  Belfast-based Willis Insurance and Risk Management (Willis IRM) has acquired Leeds firm Hale Kavanagh Insurance Brokers Ltd for an undisclosed sum.

Hale Kavanagh, which specialises in general insurance broking, has been operating since 2011 and employs 10 members of staff at its office in Leeds.

Advisers: None mentioned

Renatus Comment:
Willis IRM was established in Northern Ireland in 1978 by Robert Willis. It purchased Kennett Insurance Brokers in Hull in 2017 and the acquisition of Hale Kavanagh expands the Yorkshire presence gross written premium (GWP) to £10m (€11.75m). The total group GWP sits at £45m (€52.88m).

Source: Willis IRM Press Release

Mergon Group majority stake acquired by Elysian Capital

Deal Details:  Co Westmeath plastics business Mergon Group has secured a multimillion euro investment from Elysian Capital. Financial details of the deal were not disclosed.

Mergon Group is a family-owned business founded in 1981 by the Beirne family. It makes plastic moulding products used by car manufacturers, healthcare companies and other businesses. Customers include BMW, Jaguar Landrover, Abbot, Medtronic, Xerox, Whirlpool and Tesla. Mergon employs 660 people globally, almost half of whom are in Castlepollard. It also has facilities in South Carolina in the United States, and in the Czech Republic.

The investment will enable Mergon to expand further into China.

Advisers: Elysian Capital was advised by Addleshaw Goddard (Manchester); A&L Goodbody (Dublin); Price Waterhouse (top up DD and Tax); Roland Berger (Commercial); ERM (Environmental) and Aon (insurance). The vendors and existing Management were advised by Matheson (legal), Deloitte Corporate Finance Dublin (Advisory and sell-side VDD); CIL (sell-side Commercial DD).

Banking was provided by AIB and Bank of Ireland.

Renatus Comment:
Elysian Capital is a British private equity firm established in 2007 by Ken Terry and Chai Patel. It typically acquires majority stakes in businesses valued at between £20m (€23.54m) and £100m (€117.71m). They join many other UK PE counterparts who have invested in Irish businesses in recent years including  but not limited to Volpi, Synova, H2, Elgin, Exponent, Perwyn, Capvest, Bregal Milestone, Star Capital and more.

Source: Irish Times

Energia Group acquire Solar Farmers Ltd

Deal Details:  Windmark Developments Ltd sold its wholly owned subsidiary, Solar Farmers Ltd, to Energia Group. The value of the deal was not disclosed. The investment is Energia’s first Solar acquisition under the group’s five year €3bn ‘Positive Energy’ renewable energy investment programme which it announced earlier this year.

Solar Farmers Ltd holds the development rights for two proposed large scale ground mounted solar PV projects in County Meath.

Energia Group plans to develop the two projects, producing enough electricity to power 9,000 homes with long-term plans to service 58,000 homes.

Energia, established in 1999, currently supplies over 1.2 Gigawatts of green power to almost 800,000 customers across the island of Ireland from 22 wind farms it owns, as well as from two major gas fired stations in North County Dublin.
The group, which includes Power NI in the North, has a turnover of €2bn, employing over 800.

Advisers: ByrneWallace has acted for Windmark Developments Ltd. The team was led by Gavin Blake (Partner and Head of Energy and Natural Resources) and included Jonathan Lynch (Senior Associate, Corporate) and Kelly Mackey (Solicitor, Corporate).

Renatus Comment:
The renewable sector has been probably the second most active after Financial Services for M&A Activity in 2019.

Source: Byrne Wallace

BWG takes 38pc stake in Fresh

Deal Details: Irish retail group BWG, is set to acquire a 38pc stake in the upmarket grocery chain Fresh as part of a €10m investment in the business.

BWG is one of Irelands leading food retail and wholesale companies with more than 650 suppliers and approximately 14,000 customers. The company includes brands such as Spar, Eurospar, Mace, Londis, BWG Food Service, 4 Aces, among others.

Fresh is an upmarket grocery chain with locations already in Grand Canal Dock, IFSC, Camden Street, Smithfield and Stepaside with its next shop set to open in Dublin’s new urban quarter, Dublin Landings, which will open in the second quarter of 2020. Fresh currently employs more than 300 staff and had an FY18 turnover of c. €29m. John Clohisey, a director of BWG, is set to join the board of Fresh Opportunities Limited.

Advisers: Fresh were advised by Brian McGann from Focus Capital. 

Source: Irish Independent 

Erisbeg invests in Medray

Deal Details: Erisbeg has recently announced an investment in Medray for an undisclosed amount.

Medray is one of Ireland’s leading providers of imaging equipment to the healthcare, dental and veterinary sectors. The company was founded in 1979 with a focus in selling X-ray equipment to the Irish healthcare market and now currently employs c. 29 staff to provide many more services.

Erisbeg is an Irish company that looks to acquire established businesses both in Ireland and Internationally and then further develop them. Their focus is on acquiring SMEs who require a succession plan to help realise the value of the business and secure its future.

Advisers: Alan Kelly of Focus Capital advised Medray on this Transaction. Adrian Wall at ReganWall represented Medray/its founder and William Fry acted for Erisbeg.

Source: LinkedIn

Deals in the Making

Parma Investments to acquire remaining stake in Marpole Limited

 

The proposed acquisition by Parma Investments Limited of 25% shareholding of Marpole Limited from Mr Ken Fennell of Deloitte in his capacity as receiver, has been notified to the CCPC.

Parma Investments Limited, which is owned by Larry Goodman and Catherine Goodman, is the registered shareholders of 75% of the issued share capital of Galway Clinic Doughiska Limited. Larry Goodman is also primed to take a majority stake in the Blackrock Clinic, following this latest acquisition.

Marpole Limited is the parent company of Galway Clinic Doughiska Limited which is a private healthcare provider in Doughiska, Galway. It also operates an outreach clinic in Raheen, Limerick.

The Galway Clinic was co-founded by Jimmy Sheehan and businessman Brendan McDonald and in 2018 had turnover of c. €96.5m and also made a pre-tax profit of c. €9.5m.

Source: CCPC

Deal Updates

Kerry misses out on Deal

Kerry Group has lost out in its bid to acquire the nutrition and biosciences business of the US chemicals group DuPont. The deal, which would have transformed the Irish company and potentially triggered a sell-off of some of its Irish food businesses, was valued at $26.2b (€23.5m).

Kerry lost the merger to a rival US-based bidder International Flavors & Fragrances (IFF).
Kerry Group was advised by Goldman Sachs on the deal; Greenhill and Morgan Stanley are IFF’s financial advisers and Evercore are DuPont’s financial advisers.

Source: Irish Independent

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.

AIB appoints new Chief People Officer
Current People & IT Director at Tesco Ireland, Geraldine Casey, has been appointed as AIB’s next Chief People Officer.  Ms Casey, who joined Tesco Ireland almost 19 years ago on a graduate programme, held a number of senior positions in the retailing group before joining its leadership team in 2014 when she became people and IT director. She also assumed responsibility for the business’s corporate affairs team earlier this year.  Ms Casey is a graduate of UCC with a degree in Commerce.

Dalata appoints new Corporate Development Director
Hotel operator Dalata Hotel Group has appointed a new corporate development director, with Shane Casserly taking up the role. Mr Casserly’s appointment will be effective from January 1st.  A graduate of University College Cork, Mr Casserly joined Dalata in March 2014 as head of strategy and development. A chartered accountant, he previously worked as head of development at Jurys Doyle Hotel Group and held senior positions with Ion Equity, Microsoft Europe and Musgrave Group.

ByrneWallace appoints new Life Sciences Partner
ByrneWallace has announced the appointment of Catherine Dowling as a Partner in Life Sciences and Corporate.  Ms Dowling trained as a Solicitor at ByrneWallace and moved rapidly through the ranks of the firm over the past 10 years from Solicitor to Associate, Senior Associate and now Partner.  She is a Commerce graduate of UCD.

Eversheds Sutherland appoints new Aviation Consultant
Eversheds Sutherland has appointed Aaron McGarry as a consultant in the firm’s international aviation team based in Dublin.  Mr McGarry has over 15 years’ experience in aviation financing at Irish and international law firms.  He has acted for banks, lessors and investors on a broad range of domestic and international asset financing transactions, involving commercial fixed-wing aircraft and rotary aircraft, in relation to loan facilities, revolving credit facilities and pre-delivery payment facilities, amongst others.  He is a former Partner at Maples & Calder and at Walkers.  He is a history graduate of Trinity College Dublin.

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.

Belmont Care Limited, which trades as Belmont House, is a family run, private nursing home based in Stillorgan, Co. Dublin. In the company’s most recent financial year, revenues increased by 3.0% to c. €11.5m although EBITDA jumped by 116.7% to c. €3.9m due to a significant decrease in admin expenses during the year as well as a c. €1.1m profit on disposal of fixed assets in FY17. The company employed an average of 154 staff during the year at a cost of c. €5.9m. There was a net cash increase of c. €720k after the company made a c. €1.9m loan repayment as well as c. €260k payment to acquire fixed assets during the year. Cash on the balance sheet stood at c. €2.2m against a debt balance of c. €18.6m. Net assets were up 36.0% to c. €9.6m. The company is owned by Albert (50%) and Mary (50%) Connaughton.
Dublin-based P.J. Brennan and Company Limited, which trades as Brennan and Company, is a major Irish supplier of highly specialised technological equipment to the Scientific, Medical and Industrial markets. In FY18, turnover remained fairly static at c. €17.8m with a 2.2% increase in EBITDA to c. €1.4m. The company employed an average of 60 employees during the year at a cost of c. €4.5m. There was a net cash decrease of c. €810k in FY18 after significant working capital movements as well as a c. €158k loan repayment leaving cash on the balance sheet at c. €1.5m against a debt balance of c. €747k. Net assets were up slightly from the previous year to c. €8.0m. The company is majority owned by Mr Gregory Myles Brennan (Jnr) (51%).

RECENT FUNDRAISINGS

Who: Aerospace and industrial engineering company Team Accessories Limited, based near Dublin Airport, has secured funding.

What: €5m invested by BGF Ireland.

Why: The funds will be used to support future growth.

Source: Irish Times

Who: Irish software research centre Lero is to receive investment.

What: €6m investment comes from Chinese telecoms equipment maker Huawei. The investment is the first tranche of a €70 million research and development (R&D) spend recently announced by Huawei for the Republic of Ireland.

Why: The funds will be used for a new research programme which is aimed at improving the reliability of software applications. Researchers from University of Limerick, Trinity College Dublin, NUI Galway and Dublin City University will all participate in the new programme.

Source: Irish Times

Who: Manna Aero, the drone delivery firm set up by CarTrawler CTO Bobby Healy, has closed a seed funding round.

What: $5.2m (€4.7m) funding round was led by Dynamo Ventures, which is focused on supply chain and logistics firms.

Why: The funding will be used for launching its first food-delivery drone services in Ireland next March with the fast food delivery service Flipdish. Manna will start with an area servicing 30,000 people.

Source: Irish Independent

Who: Versono Medical Limited is an advanced early stage Medtech company which has created a disruptive active guidewire product which will allow physicians to conduct minimally invasive endovascular procedures on critical limb ischemia patients, who often might otherwise have full or partial amputations.

What: Versono Medical is seeking to raise EIIS funds of c.€3.6m.

Why: The Company is offering Ordinary Shares in exchange for EIIS investments, which allows investors to fully participate in upside potential.

Source: DHKN

@RenatusCapital Tweets

€14.2bn

The value of goods Ireland exported in October, Ireland’s highest total ever recorded in a single month. This represented a year-on-year rise of 16%. More than a third of exports came from the medical and pharmaceutical sector.    @IndoBusiness

42%

The rise in the average motor insurance premium in Ireland between 2009 and 2018, that’s despite a decrease of 2.5% in the average cost of claims per policy over the same period. According to The Central Bank’s Private Motor Insurance Report. @RTEBusiness

1.3%

The year-on-year drop in the unemployment rate in Northern Ireland reducing to a record low of 2.3%, according to a report by NI Statistics and Research Agency.@BelTel

2.3%
The spending growth in the Irish supermarkets in the 12 weeks to December 1st, amounting to €2.6b, according to Kantar research. @irishexaminer

33%
The decrease in the household debt in ROI since boom-time peak of €203b Q3 2008, reducing to €135.3b or €27,489 per person in Q2 2019, according to @CentralBank @IndoBusiness

3

The number of US presidents that have been impeached. @rtenews

8.2%
The year-on-year increase in the average rents paid nationwide for Q3 2019, rising to €1,243 per month, according to the Residential Tenancies Board (RTB). @IrishTimesBiz

2.6%
The average forecast pay increase for the Irish workers for 2020, the highest in any of the EU member state, according to a survey by Willis Towers Watson.
@RTEbusiness

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.

    Joan McGrath, HR Advisor

    • Joan has supported Renatus since 2019 on HR matters. Supporting recruitment, onboarding and people development at Renatus as well as partnering with the team on key transactions providing HR Due Diligence and strategic HR advice.
    • Joan was previously the Head of Human Resources at Davy and was a Board Director there for many years and played a key role in numerous acquisitions. During her career, she has worked in a range of industries from microelectronics manufacturing to builders merchants ensuring the people strategy is a core part of business strategy.
    • Joan has a Bachelor of Commerce degree, a Masters in Business Studies and a Diploma in Occupational Health and Safety from UCD. She is a Fellow of the Chartered Institute of Personnel and Development and has a Certificate in Governance.

    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.