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Eversheds Sutherland Advises Bio-Marine Ingredients Ireland On Successful Investment Transaction

  • Ireland
  • General


Global law firm Eversheds Sutherland is delighted to advise the shareholders and management of Bio-Marine Ingredients Ireland Limited (BII) in respect of its successful fundraising from EIIS investors sourced by their corporate finance partners, Cantor Fitzgerald Ireland.

The investment monies will be used by the business to enable the achievement of its exciting growth opportunities, with BII on track to become one of the leading marine ingredients companies operating in Ireland from its existing presence in Lough Egish Business Park, Co. Monaghan and planned developments in Killybegs, Co. Donegal.

Eversheds Sutherland has worked with the BII team led by Jason Whooley for a number of years and the firm used its expertise in carrying out transactions in the midst of the current Coronavirus climate to enable this transaction to proceed.

Eversheds Sutherland’s cross-practice team was led by Gavin O’Flaherty, Partner, Corporate, and assisted by Joe De Paor, Corporate, Oisin Murphy, Corporate, Alan Connell, Tax, Robert Dever, Tax, Vivienne Feaheny, Company Secretarial, Audrey McGrath, Company Secretarial, and Gavin Clare, Company Secretarial.

Jason Whooley, Chief Executive of Bio-Marine Ingredients Ireland, said:

“Raising finance is always a challenge for young companies, raising finance in the middle of a global pandemic is an even bigger challenge. We are delighted to have successfully closed our latest funding round and to continue our journey to build a leading marine ingredients company.”

Gavin O’Flaherty, Partner in the Corporate & Commercial Department at Eversheds Sutherland (Dublin) said: 

“We were delighted to provide guidance throughout this transaction to Jason and his team. This demonstrates our expertise in working with emerging and expanding Irish companies as they explore their growth potential. This transaction also builds on our experience of completing large transactions during the current restrictions, such as leading on the successful sale of Arachas Corporate Brokers Limited to the joint funds of Madison Dearborn Partners and HPS.”  

This information is for guidance purposes only and should not be regarded as a substitute for taking legal advice. Please refer to the full terms and conditions on our website.

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