Irish private equity firm Melior Equity Partners has held the final close of Melior Equity Partners Fund II with EUR160 million of total capital commitments, making it one of the largest private equity funds in the country.
Melior was launched by Jonathan Cosgrave and Peter Garvey in 2020. Melior Equity Partners Fund II is backed by a pool of local and international blue-chip investors including The Carlyle Group, the European Investment Fund, Ireland Strategic Investment Fund, Bank of Ireland and AIB and will support ambitious Irish SMEs with strong growth prospects.
Melior aims to fill the financing gap for small to medium sized businesses in Ireland. The firm is targeting ten equity investments in private Irish companies over the next four years, worth between €20 to €100 million, with a focus on founder-owned businesses seeking capital and support to radically accelerate their growth.
Melior recently completed the second investment from Fund II by partnering with the management team and founder of Salmon Software, a prominent, independent financial software business specialising in treasury management solutions. Last August, the firm finalised an investment in BHP Insurance, a leading independent Irish insurance brokerage focusing on the not-for-profit sector.
