Wednesday 16 January 2019

Volpi in more talks after raising €185m

Crevan O'Grady
Crevan O'Grady
Gavin McLoughlin

Gavin McLoughlin

Volpi Capital, the private equity firm co-led by Irishman Crevan O'Grady, is hunting more Irish deals after raising a €185m fund.

Volpi backed a €90m management buyout of Irish software business Version 1 last year.

Mr O'Grady told the Irish Independent that his company was talking to a number of Irish businesses at the moment.

"Whether we'll end up doing another one in Ireland I don't know, but we're definitely trying ... there's nothing that we're in the middle of pushing over the line. But we could easily do another deal in Ireland in the next 12 months."

Mr O'Grady says Volpi typically targets B2B businesses (companies that sell products to other companies rather than to the public at large) that are exploiting or benefiting from technological change.

"We would prefer not to be taking too much technology risk itself ... we're trying to buy businesses that can use technology, and services or data around it, to make their customers more efficient."

Volpi's main target markets also include Germany, Austria, the UK, the Benelux countries and the Nordic countries.

Other companies in its portfolio include Digital Barriers, which provides video analytics services to the security industry.

Irish Independent

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