A round-up of deals involving Irish law firms. Submit your deals to email@example.com.
- Fieldfisher Ireland advises aerospace company on €5 million investment
Fieldfisher Ireland recently advised aerospace and industrial engineering company TEAM Accessories Limited on a €5 million funding deal.
State-backed BGF has acquired a significant minority stake in the company, which is based near Dublin Airport and provides overhaul, testing and repair services for the aerospace and industrial sectors.
The company’s primary focus is the overhaul of critical, high-value accessories for jet engines, and it employs around 40 people.
Fieldfisher’s corporate law and renewable energy partner Feilim O’Caoimh and associate Conor Folan advised TEAM on the deal.
- LK Shields acts as project lead in group reorganisation of Fitch Ratings EU
LK Shields acted as project lead and advised on the Irish aspects of the group reorganisation of the Fitch Ratings EU group of companies (including the UK).
It included applications to the High Court in respect of five cross-border mergers of Fitch Rating’s EU subsidiaries into Fitch Ratings Ireland Limited which is expected to complete in the first quarter of 2020.
Fitch Ratings, part of the Fitch Group owned by Hearst, is a provider of credit ratings, commentary and research and one of the “Big Three” credit rating agencies.
The LK Shields team was led by partner Richard Curran with assistance from Stephen Gamble, Íde O’Neill, Grainne Reid and Redmond Arigho.
- Ronan Daly Jermyn advises on acquisition of cleantech start-up
Ronan Daly Jermyn advised OxyMem Limited on its recent sale to US chemicals group DuPont.
OxyMem, a University College Dublin (UCD) spin-out venture, develops and produces Membrane Aerated Biofilm Reactor technology for the treatment and purification of municipal and industrial wastewater.
The company has more than 60 employees and one production site located in Athlone.
Corporate partner Sean O’Reilly advised on the deal, assisted by solicitor Jennifer Dempsey.
- Matheson advises Mergon Group on investment by Elysian Capital
Matheson recently advised Mergon Group in connection with an investment by British private equity firm Elysian Capital.
The Co Westmeath-based company, which manufactures plastic moulding products used by car manufacturers, healthcare companies and other businesses, will use the investment to assist further international expansion.
Mergon Group was advised by a cross-departmental Matheson team led by corporate M&A partner Brian McCloskey.
Mr McCloskey said: “We were delighted to have worked with Pat, Tom, Aoife and the rest of the team at Mergon on this transaction. Mergon is a great example of a truly innovative Irish company making an impact on the international stage.
“We look forward to supporting the Mergon team on the next phase of their journey.”
- LK Shields advises shareholders of Xcelerator Machine Translations Limited
LK Shields advised the majority of the selling shareholders in relation to the disposal of over 99 per cent of the issued share capital in Xcelerator Machine Translations Limited.
The machine translation technology company’s shares were sold to Keywords International Limited, an international provider of technical and creative services to the global video games industry.
The transaction involved a set of pre-completion conversion of debt to equity, conversion of preference shares to ordinary shares and the conversion of employee stock options to non-voting ordinary shares in the Target company.
The LK Shields team was led by partner Marco Hickey, with assistance from Saadi Siddiky, Gillian Dully, Elaine Hughes, Liam Boyle and James Carolan.