Press Release
Dublin/London, 15 December 2023
Viatel Technology Group Limited (“Viatel” or the “Company”) is to receive a new strategic investment from Macquarie Capital Principal Finance to fuel the company’s continued organic and acquisition driven expansion.
Macquarie Capital will join Chirisa, Quay Ventures and management as a new shareholder in the business. The agreement will also see Nick Patrick from Macquarie Capital Principal Finance join the group's board.
Viatel CEO Paul Rellis commented, “I am very pleased to announce our partnership with Macquarie as a new investor in Viatel. Macquarie Capital has a strong track record and deep knowledge of our industry. The team and I look forward to continued success in the execution of our vision with our enlarged shareholder group.”
Adam Joseph, Head of Private Equity for Macquarie Capital Principal Finance Europe, added, “We are delighted to partner with Viatel and its shareholders to support them with additional and larger-scale capital through this next exciting phase of growth. We look forward to bringing our experience developing fast growing digital service providers to the Irish market, and helping the company unlock a wider range of growth opportunities in Ireland and internationally.”
The transaction is subject to regulatory approvals and is expected to close in early 2024.
Since 2020, eight strategic acquisitions and a series of internally developed capabilities have transformed Viatel into a leading-edge digital technology and cyber security partner empowering over 4,000 Irish and multinational customers. Viatel is the most comprehensive cloud, connectivity, cybersecurity and digital transformation solutions provider in the Irish market. The Company continues to expand its footprint internationally, with more than 20 per cent of revenue now generated outside Ireland.
A Deloitte Best Managed Company, Viatel Technology Group employs over 300 engineers, product experts, sales and support staff in Dublin, Limerick, Dundalk, and the UK.
Chirisa is a global investor active across Digital Infrastructure and Real Estate in the Americas and Europe. The firm’s exceptional track record of value creation is driven by a multidisciplinary approach, combining deep operating expertise with extensive private investment and financing experience.
We seek situations where our capital, expertise and operational support help create substantial and sustainable value. Investing as principal, we have a flexible and long-term approach to value creation.
Chirisa's platform investments include Viatel Technology Group, Chirisa Technology Parks, Digital Fortress and Core Financial Systems.
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