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Sale of CHM to private equity firm Erisbeg
Year: 2025
Sector: Industrials
Terms: Not disclosed
CHM Group is Ireland’s leading provider of traffic management solutions. Established in 2001, the company has played a key role in the evolution of temporary traffic management in Ireland, offering innovative solutions and comprehensive expertise to public and private sector clients.
Sale of Multiplex Engineering Ireland to Trescal
Year: 2025
Sector: Business Services
Terms: Not disclosed
Multiplex Engineering is a leading supplier of calibration services and products in Ireland, with strong positions in the food, beverage, pharmaceutical, and power sectors. The company is recognised for its on-site calibration expertise, comprehensive product portfolio, and bespoke solutions that meet the precise needs of its clients.
Sale of Net Affinity Ltd. to Hotel Tech Group (HTG)
Year: 2025
Sector: Software
Terms: Not disclosed
Net Affinity is a leading provider of software and marketing services for the hospitality sector. Founded in 2000 and based in Dublin, the company specialises in direct booking solutions, serving over 400 independent and group hotels across Ireland and the UK. Net Affinity’s platform integrates booking engines, marketing tools, and connectivity solutions, enabling its clients to optimise revenue generation and improve guest experiences.
Sale of FDT. Consulting Engineers and Project Managers Ltd. to NIRAS Gruppen A/S
Year: 2024
Sector: Business Services
Terms: Not disclosed
FDT is a specialist consultancy, with a process engineering emphasis. The Company has strong competencies across production design, water and energy reduction, and aims to make its clients more competitive through efficient capital spend, optimised processes, and success in meeting compliance requirements. FDT’s offerings cover a range of technical and specialist solutions including concept design, capital cost estimates, detailed process and utilities design, installation management, energisation and commissioning of plants, HAZOP studies, and ATEX compliance reports.
Multihog Limited Investment Round
Year: 2023
Sector: Manufacturing
Terms: Not disclosed
Multihog Limited is focused on the design and manufacture of compact multi-purpose tractors, particularly for municipal, airport and commercial use. The range of applications for its product range includes street sweeping, snow clearing, hedgerow cutting, mowing and surface cleaning. The Company exports to c. 30 countries and will launch an electric powered model in 2024.
Alkimii funding round led by SaaS Capital
Year: 2023
Sector: Software
Terms: Not disclosed
Alkimii Limited has developed a software platform focused on serving the needs of hotel operators in terms of managing their labour and property costs.
Its clients include Dalata, the largest hotel chain in Ireland, as well as a number of other hotel groups and independent operators. It has a leading position in Ireland and is increasingly focused on expansion in the UK and US markets.
Sale of John Spain Associates Ltd. to ORS Ltd.
Year: 2023
Sector: Business Services
Terms: Not disclosed
Pegasus Capital advised John Spain Associates Limited (“JSA”) in its sale to ORS Limited (“ORS”), a company backed by Irish private equity fund, Erisbeg.
JSA is one of Ireland’s leading planning consultancies, with extensive experience of the country’s planning systems.
The integration of JSA’s expertise into ORS will significantly bolster its capacity to deliver comprehensive and innovative solutions across the planning and construction domains.
Investment in Zevo Health from ScaleUp Capital
Year: 2023
Sector: Technology
Terms: Not disclosed
Pegasus Capital advised Zevo Health on its investment received from ScaleUp Capital. Zevo is a market-leading workplace wellbeing provider and has earned a strong reputation for providing best in class psychological support to content moderation teams in some of the most recognised global companies.
ScaleUp Capital is a London-based growth equity investor focused on partnering with B2B businesses with a technology, software, content or services angle.
Sale of Rainmaker Business Technologies to Skymetrix GmbH
Year: 2023
Sector: Technology
Terms: Not disclosed
Pegasus Capital advised Rainmaker Business Technologies on its sale to strategic acquirer, Skymetrix GmbH. Rainmaker’s software platform enables airlines better understand and manage their operating performance and related costs.
Skymetrix offers airlines a cloud-based software platform that enables its customers to control their direct operating costs in areas such as fuel, airport, navigation and ground handling.
NewsWhip Media Ltd. $13m funding round led by Ashgrove Capital
Year:2023
Sector: Technology
Terms: USD 13,000,000
NewsWhip Media Limited (“NewsWhip”) has developed a SaaS platform focused on predictive media monitoring. Its clients include leading global brands such as Google, The New York Times, Samsung and the BBC.
The company wished to raise primary capital to fund the expansion of the business across a number of areas, including sales, marketing and product, which is expected to lead to 50% growth in its current headcount of 71 employees over the next two years.
Sale of Twomey Moran & Partners Ltd. to PwC
Year:2023
Sector: Financial Services
Terms: Not disclosed
Pegasus Capital has advised Twomey Moran & Partners Limited on its sale to PwC.
Twomey Moran & Partners Limited is one of Ireland’s largest independent advisors on tax matters working with leading private businesses, families and high-net-worth individuals
As the largest professional services firm in Ireland, PwC offers a broad range of services across audit, tax and advisory.
Sale of Sparrow Insurances Ltd. to Aston Lark Ireland
Year: 2022
Sector: Financial Services
Terms: Not disclosed
Pegasus Capital has advised Sparrow Insurances Limited on its sale to Aston Lark Ireland.
Sparrow Insurances Limited is an Irish insurance brokerage offering a full range of commercial and personal insurance products as well as life, pensions and investment products. It is headquartered in Portlaoise with offices in Dublin, Nenagh and Thurles.
Aston Lark Ireland is a rapidly growing insurance broker that recently became part of the Howden Broking Group.
Sale of Empirical Bioscience, Inc. to Fortis Life Science, LLC
Year: 2021
Sector: Healthcare
Terms: Not disclosed
Based in Grand Rapids, MI, Empirical Bioscience Inc. (“Empirical Bioscience”) offers molecular biology solutions, including custom assay development, CDMO services, and the contract development of speciality enzymes.
Its core offering includes: (i) the supply of custom enzymes and mastermix, (ii) manufacturing of proprietary enzymes, (iii) the supply of private label assay kits, and (iv) the supply CLIA laboratory reagents.
Management buy-out of BearingPoint Technology GmbH.
Year: 2021
Sector: Technology
Terms: Not disclosed
BearingPoint Technology GmbH (“Beyond Now”) is the Austrian-based telecommunications software business formerly owned by BearingPoint Holding BV, a leading global business consultancy.
Its Infonova software solution is a Software-As-A-Service (“SAAS”) platform that enables telecommunications companies to better monetise their customers.
Under its new ownership, the business was re-banded as Beyond Now in early 2022
Growth capital fundraising for DCN Diagnostics, Inc.
Year: 2020
Sector: Healthcare
Terms: Not disclosed
DCN Diagnostics, Inc. (“DCN Dx”) is a leading specialist developer of lateral flow technology. Based in Carlsbad, CA, it offers a full suite of consulting, design, development and manufacturing solutions to clients seeking to develop lateral flow assays, mainly for diagnostics applications.
DCN Dx’s CDMO services cover all stages of the creation of a new lateral flow assay, including: (i) education courses, (ii) assay and test strip conceptualisation and feasibility analysis, (iii) product regulatory path guidance, (iv) prototyping and development, (v) assay optimisation and verification, and (vi) gap and full manufacturing.
$64m sale of StitcherAds to Kargo Global Inc.
Year:2021
Sector: Technology
Terms: USD 64,000,000
Pegasus Capital has advised Betapond Limited T/A StitcherAds on its sale to US company Kargo Global Inc.
StitcherAds is a leading paid social advertising platform empowering advertisers and agencies to scale full-funnel performance marketing campaigns on Facebook, Instagram, Snapchat, Pinterest, and TikTok.
Kargo Global Inc. is the leader in creating mobile advertising experiences that elevate brands and motivate customers.
€45m sale of AdaptiveMobile Security to Enea AB
Year: 2021
Sector: Technology
Terms: EUR 45,000,000
Pegasus Capital has advised AdaptiveMobile Security on its sale to Swedish listed software company Enea. The acquisition of Adaptive represents a significant expansion of Enea’s telecoms network security and 5G capability. Adaptive is a leading global player in signalling and messaging security with tier 1 communications customers including AT&T, Twilio, and T Mobile.
Enea is one of the world’s leading specialists in software for telecommunications and cybersecurity. Its cloud-native products are used to enable services for mobile subscribers, enterprise customers, and the Internet of Things.
Sale of Harvest Financial Services Ltd. to Irish Life Group
Year:2021
Sector: Financial Services
Terms: Not disclosed
Pegasus Capital advised the shareholders of Harvest Financial Services Limited and Harvest Trustees Limited on the sale of both companies to Irish Life Group.
Harvest is one of Ireland’s leading financial advisory firms overseeing in excess of €1bn in assets on behalf of its clients which include pension funds, private individuals, corporations and charities. Irish Life is one of Ireland’s largest financial institutions and is owned by Great-West Lifeco, a Canadian headquartered global insurance group with over 20,000 employees.
Sale of Carroll Cuisine UC to Eight Fifty Food Group Ltd.
Year 2021
Sector: Food & Drink
Terms: Not disclosed
Pegasus Capital has advised Carroll Cuisine UC (“Carroll Cuisine”) on the sale of the business to Eight Fifty Food Group Ltd., a portfolio company of CapVest Partners.
Previously owned by Carlyle Cardinal Ireland, Carroll Cuisine is the no. 1 player in the sliced cooked ham and ready meals segments of the Irish chilled food sector. Eight Fifty Food Group Ltd. has an existing portfolio of complementary meat and fish business and is a strong strategic fit for Carroll Cuisine.
$56m Equity Fundraising for LearnUpon Ltd. from Summit Partners
Year: 2021
Sector: Technology
Terms: USD 56,000,000
LearnUpon Ltd. is a cloud-based, SaaS platform, that enables organisations to manage and track learning goals across employee development, customer onboarding and more.
Organisations can use LearnUpon’s LMS platform to manage, track and achieve learning goals, as well as employee development, customer onboarding, partner education and compliance training.
The Summit Partners funding will be used to boost hiring, meet customer demand and support the continued roll-out of its products.