Viatel Technology Group Limited, a leading digital technology and cybersecurity partner, has announced a forthcoming strategic investment from Macquarie Capital Principal Finance, designed to bolster the company’s expansion efforts.
Macquarie Capital will join existing shareholders Chirisa, Quay Ventures, and the Viatel management team with this new investment. Nick Patrick from Macquarie Capital Principal Finance will also be appointed to the company’s board, bringing considerable industry knowledge and experience.
Paul Rellis, CEO of Viatel, expressed his enthusiasm for the partnership, stating, “I am very pleased to announce our partnership with Macquarie as a new investor in Viatel. Macquarie Capital has a strong track record and deep knowledge of our industry. The team and I look forward to continued success in the execution of our vision with our enlarged shareholder group.”
Adam Joseph, Head of Private Equity for Macquarie Capital Principal Finance Europe, also shared his excitement about the collaboration, saying, “We are delighted to partner with Viatel and its shareholders to support them with additional and larger-scale capital through this next exciting phase of growth. We look forward to bringing our experience developing fast-growing digital service providers to the Irish market and helping the company unlock a wider range of growth opportunities in Ireland and internationally.”
The agreement is still pending regulatory approvals and is projected to be finalized in early 2024.
Viatel has undergone significant transformation in recent years, with eight strategic acquisitions and the development of new capabilities, establishing the company as a prominent provider of cloud, connectivity, cybersecurity, and digital transformation solutions in the Irish market. The company has also expanded its reach internationally, with over 20 per cent of its revenue now being generated outside of Ireland.
As a Deloitte Best Managed Company, Viatel Technology Group boasts a team of over 300 skilled professionals across multiple locations, including Dublin, Limerick, Dundalk, and the UK.
Chirisa, a global investor that focuses on Digital Infrastructure and Real Estate, is among Viatel’s key investors. The firm’s expertise and operational support have played a significant role in driving value creation for Viatel and other portfolio companies within its investment platform.
The partnership with Macquarie Capital Principal Finance is a significant milestone for Viatel, positioning the company for further growth and success in the highly competitive digital technology and cybersecurity landscape. With the support of its new investor, Viatel is poised to unlock a wider range of opportunities both in Ireland and beyond.
For further information, please contact Macquarie Group:
Australia and New Zealand
T: +61 2 8232 2336
Email: [email protected]
Americas
T: +1 212 231 1310
Email: [email protected]
Asia
T: +852 3922 4772
Email: [email protected]
Europe, Middle East and Africa
T: +44 20 3037 4014
Email: [email protected]
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