Kyte Powertech is a manufacturer of distribution transformers for the utility, industrial and renewable energy sectors across Western Europe.
Kyte was established at the current site in Cavan, Ireland, in 1966 and has grown to employ over 450 people. The company is a market leader in the manufacture and distribution of transformers with embedded customer relationships and strong demand dynamics. Kyte was previously a subsidiary of CG Power Systems Belgium, which was placed into receivership in 2020. MML Ireland worked with the Irish-based management team, led by CEO Stephanie Leonard and CFO Padraig McCabe, to unlock the deal and carve-out the Irish operations. MML Ireland invested alongside the management team to acquire the Irish business and secure 450 jobs in Cavan. Since investment, a new board structure was created with an experienced Chairman, the business was rebranded and a significant capital investment programme was established.
MML Ireland Fund II
Republic of Ireland
Manufacturing & Engineering
For investors in MML Ireland Fund I, MML Ireland Fund II & MML Fund VI
For investors in MML Fund VII