Macquarie Capital Principal Finance (“Macquarie Capital”) joins existing shareholders Chirisa, Quay Ventures and Management
Investment supports continued growth and expansion of the business in Ireland and overseas
New investment from Macquarie Capital comes alongside debt refinancing supported by Barings
Viatel Technology Group Limited (Viatel) is to receive a new strategic investment from Macquarie Capital Principal Finance to fuel the company’s continued organic and acquisition driven expansion.
Macquarie Capital will join Chirisa, Quay Ventures and management as a new shareholder in the business. The agreement will also see Nick Patrick from Macquarie Capital Principal Finance join the Group's Board.
Viatel CEO Paul Rellis commented, “I am very pleased to announce our partnership with Macquarie as a new investor in Viatel. Macquarie Capital has a strong track record and deep knowledge of our industry. The team and I look forward to continued success in the execution of our vision with our enlarged shareholder group.”
Adam Joseph, Head of Private Equity for Macquarie Capital Principal Finance Europe, added, “We are delighted to partner with Viatel and its shareholders to support them with additional and larger-scale capital through this next exciting phase of growth. We look forward to bringing our experience developing fast growing digital service providers to the Irish market, and helping the company unlock a wider range of growth opportunities in Ireland and internationally.”
The transaction is subject to regulatory approvals and is expected to close in early 2024.
About Viatel Technology Group
Since 2020, eight strategic acquisitions and a series of internally developed capabilities have transformed Viatel into a leading-edge digital technology and cyber security partner empowering over 4,000 Irish and multinational customers. Viatel is the most comprehensive cloud, connectivity, cybersecurity and digital transformation solutions provider in the Irish market. The Company continues to expand its footprint internationally, with more than 20% of revenue now generated outside Ireland.A Deloitte Best Managed Company, Viatel Technology Group employs over 300 engineers, product experts, sales and support staff in Dublin, Limerick, Dundalk, and the UK.
About Macquarie Capital Principal Finance
Macquarie Capital is the advisory, capital markets and principal investment arm of Macquarie Group. It encompasses corporate advisory, a full spectrum of capital solutions, including capital raising services from equity, debt and private capital markets and principal investments from Macquarie’s balance sheet. Macquarie Capital has deep sector expertise in the aerospace, defence and government services, consumer, gaming and leisure, critical minerals, energy, financial institutions, healthcare, industrials, infrastructure, services, software, technology, telecommunications and media sectors.
Macquarie Capital Principal Finance, the financing and principal investing arm of Macquarie Capital makes investments from Macquarie’s balance sheet, provides flexible primary financing and secondary market investing solutions for corporate and commercial real estate clients across North America, Europe and Australasia.
Chirisa is a global investor active across Digital Infrastructure and Real Estate in the Americas and Europe. The firm’s exceptional track record of value creation is driven by a multidisciplinary approach, combining deep operating expertise with extensive private investment and financing experience.
We seek situations where our capital, expertise and operational support help create substantial and sustainable value. Investing as principal, we have a flexible and long-term approach to value creation.
Chirisa's platform investments include Viatel Technology Group, Chirisa Technology Parks, Digital Fortress and Core Financial Systems.