EisnerAmper Ireland, the specialist accountancy and advisory firm with a focus on Financial Services, International Trade and Government, has announced an agreed investment from MML Growth Capital Partners Ireland Limited (“MML Ireland”). The transaction will see MML Ireland become a minority shareholder in the firm which will continue to be majority owned and led by its existing partner group.
EisnerAmper Ireland is led by Executive Chair, Alastair MacDonald, and CEO, Attracta van Rensburg. This investment accelerates the development and expansion of the firm’s Irish and international service and software solution offering. It will also support the firm’s long term partner equity capital model.
Announcing the investment Alastair MacDonald, Executive Chair, said:
“Our mission is to design and deliver sustainable services and solutions to make trade happen. Our niche strategy is to provide innovative solutions and specialist services to specific markets in key global financial services and international trading hubs – incorporating design thinking and technology as a fundamental part of how we “Make Trade Happen”. This investment by MML Ireland allows us to continue the execution of our strategic growth plans. MML is a strong fit for EisnerAmper Ireland given their ethos, rooted in a collaborative mindset built on trust. They understand us and our business objectives.”
Shane Cooke, Investment Director, who led the investment for MML Ireland, commented:
“MML Ireland has a well-established track record for partnering with leadership teams and investing in well-run Irish businesses which, with strategic capital support, can realise their development and growth ambitions and better serve their markets. EisnerAmper Ireland has an experienced and entrepreneurial leadership, an established and strong position in its chosen target markets and a hard-working team of professionals. We look forward to supporting them on their continued growth as they build on their achievements to date.”
Attracta van Rensburg, CEO, added:
“This investment is an important milestone for our firm. At EisnerAmper Ireland we focus on creating an environment and culture that enables our Happy, Healthy & Productive team deliver high-quality services and solutions to our clients. MML Ireland’s investment will support us in continuing to attract top talent and developing the best team, both in our Dublin office and our soon to be opened Ireland West office in Sligo.”
EisnerAmper Ireland’s mission is to design and deliver sustainable services and solutions to make trade happen for its clients. It is an accounting, tax, Ireland & UK audit, governance, risk & compliance expert in the domestic and International Trade markets and Financial Services market: serving structured finance, funds, aviation finance, credit unions, investment firms, insurance and banks. The Firm is a founding member of EisnerAmper Global, a network of independent member firms operating from international trading and financial services hubs globally, with over 450 partners and 4,000 professionals.
The MML Ireland investment team included Neil McGowan, Partner and Co-Head of Investments, Shane Cooke, Investment Director, Muireann MacAuliffe, Investment Manager, and Emma Jones, Investment Associate. The investment is being made from the MML Growth Capital Partners Ireland Fund II, which is supported by the Ireland Strategic Investment Fund and a number of international institutional investors.
Cian McCourt and Sinead McDonagh of Arthur Cox acted as legal advisors for EisnerAmper Ireland while Robert Dickson of Mason Hayes & Curran acted as legal adviser to MML Ireland. Ron Somers, Ronan MacNioclais, Liadh Wrafter and Louise Quinlan from PwC provided financial, tax and structuring due diligence for MML Ireland, whilst Fairgrove Partners, led by Paddy Woods Ballard carried out a commercial review. ESG and IT due diligence was provided by Sustainable Advantage and Fluid IT. Corporate Finance advice to the shareholders of EisnerAmper Ireland was provided by Goodbody, led by Don Harrington. Michael Ryan of Gara Ryan provided tax advice, and Tom Murray of Friel Stafford provided valuation services to EisnerAmper Ireland.
