Cara-SBP Deals of the Year

Posted on: 29-January-2019
By Sunday Business Post

DunPort were delighted to be featured in the recent Sunday Business Post’s 2017 Deals of the Year piece. The DunPort team advised the 77GSL Corporate Credit Fund on the provision of capital to Cara Pharmacies to facilitate the acquisition of Abbey Healthcare. Cara, led by Canice and Ramona Nicholas, is one of Ireland’s leading pharmacy chains, operating a number of stores across Ireland. Abbey Healthcare is a provider of outsourced pharmacy services to nursing homes & hospitals.

Please see the Sunday Business post website ( for the full article.

Cara Pharmacy checks into Abbey
It was by no means the biggest deal of the year, but it was one that was deftly done. By acquiring Abbey Healthcare, husband and wife team Canice and Ramona Nicholas took their Cara Pharmacy chain into Dublin for the first time.

It is a gutsy move by Cara taking its revenues to over €40 million and its employee numbers from 160 to 245. Abbey specialises in providing outsourced pharmacy services to nursing homes, long-term care institutions and hospitals.

Nicholas has spoken about her plans to bring Cara’s revenues to over €50 million. While the ticket price was not disclosed, establishing a footprint in Dublin is a statement of intent. Mazars advised Abbey, while Deloitte worked with Cara with debt provided by Dunport.

Related Articles
Posted on: 13-January-2021
DunPort are delighted to have supported the senior management of Dortek Ltd in their recent management buyout of...
Posted on: 18-December-2020
Horizon Capital is pleased to announce its majority investment in a new employment compliance group through the simultaneous...
Posted on: 02-November-2020
Unity Technologies I.T Limited has announced the acquisition of IT Force Limited (“ITF”) for an undisclosed consideration. Revenue...
Posted on: 14-April-2020
DunPort Capital, via the Elm Corporate Credit fund, provided acquisition finance facilities to support ECI Partners purchase of...
Posted on: 19-February-2020
DunPort Capital Management, through the Elm Corporate Credit vehicle, provided growth capital to mAdme Technologies to fund the...
Posted on: 03-February-2020
DunPort Capital Management, through its Elm Corporate Credit DAC fund, arranged long-term funding for €35 million to Pinewood...
Posted on: 17-January-2020
Tigers Childcare has secured a €5m investment from DunPort Capital Management to help fuel its expansion in Ireland...
Posted on: 07-January-2020
After a strong performance in 2019, including record occupancies and a number of openings, Staycity is looking to...
Posted on: 18-April-2019
DunPort Capital commit €4 million for the growth & expansion of payroll fintech. Irish accountancy software company, Big...
Posted on: 29-January-2019
DunPort were delighted to be featured in the recent Sunday Business Post's 2017 Deals of the Year piece....