“Given international delivery trends, the logistics sector continues to expand in terms of expertise and capacity, which creates market opportunities for well positioned and invested businesses. I look forward to working with MML on our expansion plans. We are all ambitious for the company and intend to grow both organically and by acquisition. With its experience of working with dynamic scaling businesses, MML is the perfect partner for the next stage of our journey."

Ray Cole, Managing Director, Virginia International Logistics

Virginia International Logistics

Reorganisation of the shareholder base, facilitating a partial divestment for the rolling management shareholders and investment provided to support the Company’s organic and acquisition growth strategy.

The business

Virginia International Logistics is a leading transport and logistics business focussed on inbound and outbound transport to and from Ireland, the UK and mainland Europe, outsourced stock handling and ancillary logistics services such as customs clearance.

The deal

Over the past 40 years, Virginia has grown to be a leading international logistics business across Ireland, the UK and Europe. The Company has longstanding relationships with leading blue-chip customers across the food & beverage, industrial and manufacturing markets. Virginia operates a best-in-class fleet of over 130 trucks, 400 trailers in conjunction with a 50,000 square foot warehouse facility in Kells, County Meath. Virginia was looking for a partner to support its ambitious growth plans in the logistics market, both organically and through acquisitions. MML Ireland invested alongside MD Ray Cole, Operations Directors, Shane Cole and existing shareholders, all of whom reinvested materially, giving MML Ireland a significant minority stake in the business. MML Ireland’s investment created a significant equity incentive pot for the management team and helped ensure the appropriate capital structure and funding for further organic and acquisitive expansion.


MML Ireland Fund II
Republic of Ireland
Deal Status

Related news

MML Ireland invests in Virginia International Logistics to support the company’s ambitious growth plans
We are delighted to invest in Virginia International Logistics (“Virginia”), one of Ireland’s leading providers of transport and logistics services, to underpin its ambitious expansion plans in the logistics market.

Associated deal team

Rory Quirke

Partner and Co-Head of Investments

Stephen Minogue

Investment Director

Kevin Nyhan

Investment Associate

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