{"id":66774,"date":"2025-09-16T03:20:22","date_gmt":"2025-09-16T03:20:22","guid":{"rendered":"https:\/\/www.europesays.com\/ie\/66774\/"},"modified":"2025-09-16T03:20:22","modified_gmt":"2025-09-16T03:20:22","slug":"irish-private-equity-firm-erisbeg-raises-e175m-for-second-sme-fund-the-irish-times","status":"publish","type":"post","link":"https:\/\/www.europesays.com\/ie\/66774\/","title":{"rendered":"Irish private equity firm Erisbeg raises \u20ac175m for second SME fund \u2013 The Irish Times"},"content":{"rendered":"<p class=\"c-paragraph paywall b-it-article-body__text--left\">Dublin-based private-equity firm <a href=\"https:\/\/www.irishtimes.com\/tags\/erisbeg\/\" target=\"_self\" rel=\"nofollow noopener\" title=\"https:\/\/www.irishtimes.com\/tags\/erisbeg\/\">Erisbeg<\/a>, cofounded by a former Blackstone executive Alan Kerr, has raised \u20ac175 million for its second fund.<\/p>\n<p class=\"c-paragraph paywall \">Erisbeg is led by Mr Kerr, Thomas Davy, Robert Burns and Andrew Murphy. The company invests in Irish SMEs in the business services sector focused on growth in Ireland and internationally, both organically and through acquisition.<\/p>\n<p class=\"c-paragraph paywall \">The firm typically works in partnership with the existing management and shareholders of the SME.<\/p>\n<p class=\"c-paragraph paywall \">In a statement on Monday, the group said its second fund had a first close at \u20ac100 million in December last, but fundraising continued until now and it has closed at \u20ac175 million.<\/p>\n<p class=\"c-paragraph paywall \">The new fund secured investments from all of the investors in the company\u2019s first fund, as well as from a number of additional institutional investors from Norway, Belgium and the Netherlands.<\/p>\n<p class=\"c-paragraph paywall \">AIB, which invested \u20ac10 million in its first fund, has invested again, along with Bank of Ireland and the Ireland Strategic Investment Fund (ISIF).<\/p>\n<p class=\"c-paragraph paywall \">In its first fund, Erisbeg raised \u20ac110 million and made investments in six platform companies including Medray, ORS, Dixon and Occupli. It made a total of 27 acquisitions as it grew its platforms with bolt-on acquisitions.<\/p>\n<p class=\"c-paragraph paywall \">The company exited its position in Medray in July 2024 to UK private equity firm LDC for approximately \u20ac60 million, which paved the way for its second fund.<\/p>\n<p class=\"c-paragraph paywall \">The group has already used its second fund to make an investment in EMR Integrated Solutions, which is a provider of operational telecommunications and cyber security products for utilities and critical national infrastructure operators in Ireland and Britain.<\/p>\n<p class=\"c-paragraph paywall \">It has additionally invested in CHM Group, which is a traffic management solutions specialist. It said it is \u201cactively pursuing opportunities\u201d in a number of other sectors.<\/p>\n<p class=\"c-paragraph paywall \">\u201cThis fund raise took shape in a matter of months, thanks to the support of our Irish and international institutional investors,\u201d said Mr Kerr.<\/p>\n<p class=\"c-paragraph paywall \">\u201cWe had an initial close at \u20ac100 million in December last and a final amount of just over \u20ac175 million. There was support from investors for a larger fund, but we felt it was right to close it out now at a size we believe is perfect for the market opportunity as we see it today. <\/p>\n<p class=\"c-paragraph paywall \">\u201cThe investments we made through our first fund are performing well and we are looking forward to further significant investments through this new fund in the months ahead.\u201d<\/p>\n","protected":false},"excerpt":{"rendered":"Dublin-based private-equity firm Erisbeg, cofounded by a former Blackstone executive Alan Kerr, has raised \u20ac175 million for its&hellip;\n","protected":false},"author":2,"featured_media":66775,"comment_status":"","ping_status":"","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[73],"tags":[624,625,79,18,46773,19,17,40168],"class_list":{"0":"post-66774","1":"post","2":"type-post","3":"status-publish","4":"format-standard","5":"has-post-thumbnail","7":"category-business","8":"tag-aib","9":"tag-bank-of-ireland","10":"tag-business","11":"tag-eire","12":"tag-erisbeg","13":"tag-ie","14":"tag-ireland","15":"tag-ireland-strategic-investment-fund"},"share_on_mastodon":{"url":"","error":""},"_links":{"self":[{"href":"https:\/\/www.europesays.com\/ie\/wp-json\/wp\/v2\/posts\/66774","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.europesays.com\/ie\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.europesays.com\/ie\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.europesays.com\/ie\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/www.europesays.com\/ie\/wp-json\/wp\/v2\/comments?post=66774"}],"version-history":[{"count":0,"href":"https:\/\/www.europesays.com\/ie\/wp-json\/wp\/v2\/posts\/66774\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.europesays.com\/ie\/wp-json\/wp\/v2\/media\/66775"}],"wp:attachment":[{"href":"https:\/\/www.europesays.com\/ie\/wp-json\/wp\/v2\/media?parent=66774"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.europesays.com\/ie\/wp-json\/wp\/v2\/categories?post=66774"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.europesays.com\/ie\/wp-json\/wp\/v2\/tags?post=66774"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}