Banking and Capital MarketsJune 04, 2024

Dillon Eustace advises on three of the Finance Dublin Deals of the Year 2024

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We are proud to have advised our clients on three winning deals in this year’s Finance Dublin Deals of the Year. Our teams advised on deals across the Mergers and Acquisitions and Loans and Financing categories.

The winning deals that we worked on with our clients included:

  • Agribusiness: Vita Actives sale of a majority stake to Dairygold

Commenting on the deal, Mark Thorne, Partner and Head of Banking and Capital Markets said: “Dillon Eustace was delighted to have acted for the shareholders of Vita Actives Limited, the Dublin based nutraceutical ingredients and solutions company, in the sale of a majority interest to Dairygold’s Health and Nutrition division. The transaction was in a particularly attractive sector with Vita Actives Limited having over 400 global customers across the functional foods, sports nutrition, wellness and cosmetic industries.”

  • Retail: Select Technology Group's acquisition of DID Electrical

Commenting on the deal, Mark Thorne said: “Dillon Eustace was delighted to have acted for the Houlihan family in the sale of DID Electrical to Select Technology Group ending more than half a century of ownership since they established the business in the 1960s. It was a significant transaction with the DID group comprising 23 stores and over 200 employees and was one which required CCPC regulatory approval. The deal sees two leading Irish brands combining to create a group with annual revenues of over €250m.”

  • Investment Funds: Ardstone ICAV sub-fund green loan facility.

Commenting on the deal, John-Hugh Colleran, Partner in our Banking and Capital Markets Group, said: “We were delighted to support AIB on this financing as we were well aware how important the transaction was to the Bank from a number of perspectives - by expanding the Bank’s relationship with a highly valued investment fund client, supporting welcome investment in a very substantial portfolio of newly built residential units and comprising a significant addition to the bank’s green loan book in order to further deliver on the bank’s well-recognised commitment to its progressive ESG strategy.”

We are thankful for the continued support from our clients in these and the other market leading areas of the firm.

To read more of the Deals of the Year, click here.