Well managed businesses with clear growth and development prospects are within the sights of Rory Brooks, founding partner of MML Growth Capital Partners Ireland, the firm that will manage the fund. Ireland’s economic recovery is said to be now underway.
Enterprise Ireland has made a commitment of €25 million under the Government’s Development Capital Scheme with other contributions from AIB, the European Investment Fund, GoldPoint Partners, and two US subsidiaries of the Cigna Corporation.
With commercial funding critical to the ability of Irish companies to scale, the Scheme aims to address the “equity-gap” which has developed over the past number of years.
Barry Healy & Company’s Commercial Department may be contacted on 047 71556.