Corporate and M&AJuly 30, 2021
Dillon Eustace advises Travelwin Group on the investment by Cardinal Capital
30 July 2021 - Dillon Eustace, the leading Irish law firm, recently advised Travelwin Group, parent company of Sim Local, on a significant investment by Cardinal Capital into the Travelwin Group.
Founded in 2011, Sim Local is an Irish company with offices in Dublin, London and New York which provides local network bundles to intercontinental travellers. It has retail presences in large Hub Airports which are supported by vending machines in regional airports and shop-in-shop and affiliate partnerships all over the world.
Commenting on the investment Michael Moloney of Cardinal said “Before Covid, Sim Local was growing very quickly in the pre-paid SIM-card market. As the world comes out of lockdown and international travel opens up we are delighted to invest behind Killian [Whelan] and his management team to help the business scale internationally”
Travelwin was advised by Philip Lea, partner in Dillon Eustace’s Corporate and M&A practice and Lorcan Tiernan partner and head of Corporate & M&A.
Commenting on the deal, Philip Lea, Partner in Dillon Eustace’s Corporate and M&A practice, said: “We are delighted to have advised Travelwin Group and wish the group every success and continued growth.”
