Renatus Capital hoping to find suitable firm for investment at FundSME conference
Renatus Capital is a newly formed specialist SME equity fund founded by Brendan Traynor, pictured, and Mark Flood.
The fund targets companies requiring €1m-3m equity investment. Renatus is expecting to close its first investment next month.
Renatus Capital joint partner Mark Flood said that "the fund looks at companies making a net profit of €500,000 with a strong management team and clear growth plan."
He added: "With our equity and management support we will help our partner companies maximise the long term earnings potential of their business."
The company is targeting at least three substantial investments in 2015 and has pledged €3m of the funds that it has available for suitable investors at the FundSME event in the RDS on the 28th May.
Speaking of the FundSME event, Mark Flood, "welcomed the event as it helped bring funders and clients face to face and also help educate SMEs regarding different funding options, other than the traditional and natural default position of going to the banks".
Mr Flood also remarked that "in these days business need a cocktail of financing instruments including but not limited to bank debt and equity, FundSME is a very suitable platform to bring all these players together."