Monday 21 October 2019

Irish private equity firm invests in UK media and technology solutions group

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Ellie Donnelly

Ellie Donnelly

Dublin-headquartered private equity firm Causeway Capital has invested in media and technology solutions group GTI.

UK-based GTI targets the graduate recruitment market in the UK and Ireland.

Founded in 1988, it has over 600 customers and delivered revenue of over £15m (€17.4m) in the year to April 2018.

The company has 250 employees based in its UK and Irish offices.

It has over 30 years’ experience in providing students, universities and businesses with a suite of products to enable UK and Irish graduates move in to industry and secure employment.

Pierce Casey, investment director at Causeway Capital, said: “We are delighted to be backing Mark, Graham and the GTI teams across the UK and Ireland to develop their vision of transforming the way students move from education to employment.”

“As employers continue to seek to attract and retain the best graduates, GTI is uniquely placed to continue to grow and innovate in order to deliver the best products for its student, corporate and university customers alike.”

Members of the GTI management team will become shareholders in the business alongside co-founder Mark Blythe and Causeway Capital. Causeway Capital’s Matt Scaife and Pierce Casey will also join the board of GTI.

Causeway Capital was launched in 2015 to invest in growing small and medium companies in Ireland and the UK. It manages funds on behalf of European pension funds, investment funds and financial institutions.

This deal marks Causeway Capital’s seventh investment in total and second transaction in 2019, following its acquisition of Patisserie Valerie last month.

These seven portfolio companies generate over €150m in revenue and collectively employ around 3,000 people.

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