We recently advised the Keating family on the sale of an equity stake in L&M Keating Limited, a specialist building and civil engineering firm based in Co. Clare with a turnover of over €60 million. The stake was acquired by CBD Capital who appointed Gordon O’Regan as the new Chief Executive Officer.
The transaction was featured in the Renatus bi-weekly M&A Newsletter and the Irish Independent as set out below.
Source: Renatus Bi weekly M&A Newsletter
Deal details: Dublin-based CBD Capital has acquired an equity stake in L&M Keating for an undisclosed sum. L&M Keating, a building and civil engineering company that specialises in marine construction, recorded revenues of €61.4m in 2016 (up 0.3% YoY). The founder of the Clare-based company Louis Keating will remain involved in the day-to-day business and another minority shareholder, Gordon O’Regan, has been appointed as the new chief executive.
Advisers: Paul Cantwell of Cantwell Corporate Finance acted for the Vendor. RDJ provided legal advice to the Vendor. Eversheds acted for the buyers.
Renatus comment: CBD was set up by Liam Dowd and Jim Murphy who were founding partners of Jaguar Capital.