Proven Track Record
The DunPort team have a considerable track record in the Irish corporate lending market, completing 35 transactions with 23 companies totalling in excess of €400m since the BlueBay Ireland Corporate Credit launch in July 2013
AirSpeed Telecom (October 2013)
AirSpeed owns and operates an integrated wireless and fibre telecommunications network with extensive reach throughout Ireland and with onward international connectivity. A full range of managed communications services are offered to enterprise, public sector and SMBs including data voice internet security MPLS network and IP network services.
Having originally provided replacement and growth capital to the business, in October 2014 the Direct Lending vehicle provided follow-on financing to support the acquisition of the company by US private equity investors Granahan McCourt.
AirSpeed Telecom has a very positive experience of working with Bluebay. We find them to be very personable, keen to get our views, understand our needs and provide a very customized response to our requirements. Ready access to the team, together with fast decision making and quick response, have provided us with excellent support at critical junctures in our business.
- Martina O’Reilly, Financial Controller AirSpeed Telecom
Gaelectric (November 2013)
Gaelectric is an Irish owned and operated business involved in the development, financing, integration and ownership of a portfolio of wind energy, biomass and energy storage projects across the Republic of Ireland, the UK and the US
TV3 (December 2013)
TV3 was launched in September 1998 as Ireland’s first independent, free-to-air commercial broadcasting channel and remains the only independent channel with a “must carry” licence from the Broadcasting Authority of Ireland (“BAI”). A second channel was acquired in 2008 and re-launched as 3e, aimed at a younger audience
We have found BlueBay to be very good partners, combining a strong local presence with a wide international network. BlueBay are very thorough yet efficient in what they do. The experienced team are all approachable and flexible, which helps to get things done quickly.
- Aodha O’Connor, TV3 CFO
Fitzpatrick Castle Hotel (May 2014)
Fitzpatrick Castle Hotel is a 113 room four star hotel and conference/event location in the affluent Dublin suburb of Killiney. The main building is an 18th century castle and the site overlooks Dublin Bay. The hotel has been owned and managed by the Fitzpatrick family since 1970.
We felt privileged to work with an enthusiastic and progressive team from BlueBay and found their understanding of our business and its challenges really motivating as well as supportive. With the support of BlueBay we have been able to invest in the ongoing upgrade and improvement of the Hotel's facilities, which has placed the Hotel on a path of growth and allowed the Hotel and its management team to explore new and exciting opportunities. We have found BlueBay to be practical, knowledgeable and understanding of our Hotel's, and our particular industry's, needs.
- Fitzpatrick Castle Hotel Management Team
Centric Health (June 2014)
Centric is a healthcare services business providing diagnostic imaging, primary healthcare and medical recruitment services across Ireland, the UK and Australia.
Carne Group Financial Services (December 2014)
Carne is a leading international specialist in the provision of independent governance services and management company solutions to the global asset management industry. Carne advise both alternative fund and traditional fund managers on their governance, oversight and management needs, as well as providing independent Directors to the boards of some of the most respected investment funds globally. Carne has fund directors resident in the key fund jurisdictions, including the Cayman Islands, Channel Islands, Ireland, Luxembourg, Switzerland, the UK and USA.
Abrakebabra (December 2014)
Abrakebabra Investments Ltd, headquartered in Dublin, is the holding company for five Irish food franchise businesses: Abrakebabra, O'Briends Sandwich Cafés, The Bagel Factory, Gourmet Burger Kitchen and Yo!Sushi. Abrakebabra has been trading for over 30 years
AIL Group’s experience with BlueBay has been entirely positive. Their team very quickly understood the key drivers and opportunities involved in our industry and worked with us to match our funding requirements with our plans. We found the entire BlueBay team flexible and business friendly and their focus was primarily on our past & planned operational performance, not a reliance on fixed asset values on the balance sheet or personal guarantees. We also liked dealing directly with the decision makers which guaranteed a quick response. We look forward to working with BlueBay into the future.
- Graeme Beere, CEO
Mainstream (December 2014)
Mainstream Renewable Power is focused on sourcing, developing, financing, constructing and operating large-scale renewable energy plants including onshore and offshore wind and solar projects and realising value at either ready to build or operational stage. Mainstream’s projects are geographically diversified across Ireland, Chile, South Africa, Ghana, the US, Canada, the UK and Germany.
We had a complex deal with multiple partners that needed to be carried out in a short period of time and BlueBay delivered for us. They led the negotiations in a fair and efficient manner, they were clear and open with their requirements but listened to our needs. In working with Iain, Pat, Ross and Roisin it helps greatly that you are dealing directly with the decision makers who immediately got up to speed on our business and were able to act quickly without long hold ups or unnecessary deliberation. We are looking forward to working with them over the next number of years
- Paul Corrigan, Head of Corporate Finance & Mainstream Capital
Helix Health (May 2014 - Repaid October 2014)
Helix offers a range of software solutions for the retail/hospital pharmacy and practice management markets in Ireland and the UK. Growth has been achieved organically and by acquisitions in the UK market during 2012 and 2013.
Repaid in October 2014
BB's Coffee and Muffins (March 2015)
In March 2015, BlueBay supported a consortium of investors assembled by Brentwood Investments Limited with the acquisition of the BBs Coffee and Muffins chain from the previous owner. The chain has more than 50 outlets across the UK and Ireland.
Excelsys Technologies Limited (July 2015)
Excelsys Technologies Limited is an Irish owned designer and manufacturer of high power density, high efficiency electronic power supplies which are used in a number of specialist markets including medical, industrial, military and communication sectors.
In July 2015 BlueBay supported the management team with a shareholder buyback to provide a stable capital structure to maintain the strong growth experienced by the business.
Magnet Networks (March 2016)
Magnet is an Irish telecommunications company providing data, voice and IP services to business and residential customers through its wholly owned network and through third party infrastructure. Magnet has acquired the Irish retail business division of Imagine Communications Group in a deal that will see Magnet Networks become the third largest provider of business telecoms in Ireland. BICC provided debt financing to Magnet to support the acquisition.
Kenmare Bay Hotel & Resort (May 2016)
Kenmare Bay hotel is a 130 bedroom hotel with 14 holiday lodges on-site and a further 18 privately owned holiday homes which add to the overall offering. The hotel is located just outside the holiday destination town of Kenmare, Co. Kerry. The hotel was purpose built in 1970 and underwent a full refurbishment in 2005. The property benefits from the large banqueting facilities, as well as a large Fitness & Leisure Centre. BICC provided capital to re-finance the existing debt of the Hotel.
Rye River Brewing Company (June 2016)
The Rye River Brewing Company is Ireland’s second largest craft brewery, famous for its McGargle’s brand. Rye River was established in 2013 and also operates as an agent distributor for both Bavaria and San Miguel in Ireland. Rye River also has a significant presence in the export market with McGargles sold in 14 countries globally. BICC provided growth capital to the business to expand its strong domestic base and enable growth in foreign markets.
Irish Relocation Services (July 2016)
Irish Relocation Services (IRS) was established in 1994 as a local provider of relocation management services. The principal operations of the business are providing relocation management services to employees moving to Ireland from abroad such as Homesearch, Visa and Immigration, area orientation while also providing international move management services across Europe. BICC provided capital to support a management buy-in of the company.
Mater Private Hospital (August 2016)
The Mater Private Hospital Group is Ireland’s leading private hospital group with market leading positions in all of its core specialties including Heart, Cancer, Spine & Orthopedics. The Mater has hospitals in both Dublin and Cork, as well as a joint venture with the NHS Clatterbridge, based in the UK. BICC provided financing as part of a syndicate to refinance existing indebtedness of the borrower, as well as provide capital to fund both capital expenditure and working capital requirements.
Sigma Wireless (November 2016)
Sigma Wireless design, supply and integrate communication systems for public safety and utility customers. Sigma is a key shareholder and service provider to Tetra Ireland Communications Limited, the owner and operator of the National Digital Radio Service contract which provides radio and network coverage to Ireland’s Emergency Services. BICC’s facility was extended to both refinance existing indebtedness, as well as provide growth capital to the borrower.
ExtraSpace Solutions (December 2016)
ExtraSpace Solutions are a provider of modular accommodation, generating revenue through both the sale and hire of such accommodation, primarily to the education, healthcare and construction sectors. ExtraSpace have a strong track record in public and private procurement in the UK and Ireland, which is supported by an experienced management team. BICC provided capital to support a management buy-out of the company.
Iconic Offices (July 2017)
Iconic Offices is a provider of flexible workspace solutions in the Dublin market with a focus on the city centre and in particular the Central Business District (“CBD”). Iconic has grown significantly since inception in 2013 and is now one of the leading providers of flexible workspace in Dublin. BICC provided capital to support the ongoing expansion of the business.
Openmind Networks (September 2017)
Established in 2003, Openmind Networks is a provider of converged messaging solutions to the TelCo sector and is considered a market leader in this space. Each day the Openmind platform enables over 1 Billion messages worldwide. Customers include global mobile network operators and inter-carrier operators. BICC provided debt capital to support a management buy-out of the company.
Cara Pharmacy (September 2017)
Cara Pharmacy is one of Ireland’s leading pharmacy chains operating fourteen pharmacies, and one health and beauty store throughout the north-west region of Ireland. DunPort advised BlueBay on the provision of debt capital to refinance existing indebtedness and fund the acquisition of Abbey Healthcare, a leading provider of prescription medicines to the long-term care market in Ireland. Abbey also operate two retail pharmacies bringing total number of pharmacies in the Cara group to sixteen.
Killarney Court Hotel (October 2017)
The Killarney Court Hotel is a 116 bedroom hotel located in Killarney, Co. Kerry. The hotel was purpose built in 1998 and underwent a full refurbishment in 2007. BICC provided capital to re-finance the existing debt of the Hotel.