Viatel receives strategic investment from Macquarie Capital Principal Finance

Investment supports continued growth and expansion of the business at home and abroad

Trade

Paul Rellis, Viatel

Viatel Technology Group 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 (pictured) said: “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.

TechCentral Reporters

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