Parag Gandesha, Chief Operating Officer of the MML Group said:

“Over 25 years MML has established dedicated funds for Western Europe, the United States and Central and Eastern Europe. After positive experiences of investing in Ireland, raising a fund dedicated to Irish SMEs was a natural evolution. The fund will not only support Irish businesses to grow domestically, but also internationally. Our international footprint and expertise in transacting in different geographies will add significant value to the portfolio companies we invest in. The opportunity to apply our expertise in a new market has been supported by new and existing investors alike, and we are grateful for their contribution. ”

MML creates bespoke deals for each unique opportunity, recognising that while the challenges facing businesses are sometimes similar, the specific details are never the same. Neil McGowan and Rory Quirke will be managing investments of between €2m and €12m in each portfolio company, providing capital for organic and acquisitive growth, shareholder reorganisations and deleveraging. The fund will support domestic and international growth of its investments.