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Renatus Capital makes strategic investment in Tipperary Crystal

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Dublin private equity firm Renatus Capital Partners has taken a stake in Tipperary Crystal.

The Allied Imports Group, owners of the Tipperary Crystal brand, said that Renatus, backed by “a collection of successful Irish business people and the Irish Strategic Investment fund are now an investor and partner in the Allied business”.

Former LinkedIn and Google senior executive John Herlihy is co-investing with Renatus and will join the advisory board. Paul Duffy, who has returned to Ireland from the US having served as chairman and CEO of Pernod Ricard North America, will also join the advisory board.

Allied Imports directors Robbie Scanlan and Stephen Scanlan will continue to lead the business and will be joined on the board by Renatus’ Mark Flood, the company said.

The aim of the deal, for which financial details were not disclosed, was to support Tipperary Crystal’s “exciting and pioneering future growth plans across Ireland, UK and Europe”, it said.

“We have found an excellent partner with Renatus and its co-investors and this partnership will allow us to fulfil our growth strategy in the coming years. Renatus brings on board best-in-class expertise across multiple fields and this will facilitate us in jointly creating one of the great Irish corporate success stories,” said managing director Robbie Scanlon.

Allied is one of the leading giftware, jewellery, homewares and Christmas product providers in Ireland. It plans to further develop its ‘House of Brands’ to include designers such as Orla Kiely, Eoin O’Connor and the recently signed Graham Knuttel.

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