24 August 2023
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Addleshaw Goddard advises Phoenix Equity Partners on investment in Nostra Technologies

Dublin, Ireland – International law firm Addleshaw Goddard's private equity team has advised Phoenix Equity Partners on its investment in Nostra Technologies.

Nostra is a leading managed IT Services provider founded and operating in Ireland. Phoenix is investing alongside Nostra's founders, Kevin O'Loughlin and Barry O'Loughlin, to support the company's organic and inorganic growth plans.

Nostra provides a comprehensive range of managed IT services including cybersecurity and cloud infrastructure to over 700 companies across the private and public sectors in Ireland. It has achieved organic growth of more than 20% over the past 3 years alongside an evolving acquisition strategy, and Phoenix's investment will support further acquisitions as well as the development of Nostra's operating platform and service offering.

The AG deal team was co-led by Head of Private Equity Mike Hinchliffe and Corporate Partner John Olden, supported by a multi-disciplinary team across numerous practice areas including Lorna Osborne, John Darmody, Caoimhe Hickey, Mairi-Claire Power, Liam Gasior, Shoshana Hedayati, Daniel Rathbone, Lara Jones, Gemma Phillips and Katie Parker (Corporate), Justine Delroy and Adam Kobeissi (Tax), Peter Crichton, Padraig Leyden and Katherine Meyrick (Acquisition Finance) and Kate Field (Employment).

Corporate Partner John Olden said:

"We are seeing a number of ambitious companies in Ireland turn to growth focused private equity firms to accelerate their plans across a range of sectors including financial services, life sciences, business services and technology. Nostra is a great example of this and we are delighted to have been able to support Phoenix on this transaction."

Addleshaw Goddard established a presence in Ireland in 2022 through a merger with Eugene F Collins, offering a full-service team that has been active in the market for over 125 years - advising over 1000 companies operating in, to and from Ireland. 

AG's Head of Private Equity Mike Hinchliffe said:

"One of many attractions of our merger last year was the ability it would give AG to support our established PE investor clients on the ground in the Irish market, where we were already seeing a number of significant opportunities. Nostra has grown itself successfully since its establishment in 2015 and Phoenix's track record as a successful growth partner augur well for the next stage of its exciting journey." 

Addleshaw Goddard's Private Equity team is ranked no.1 for private equity deals by volume in the UK and Ireland based on latest mergermarket data, and was recently crowned Pan-European Legal Adviser of the Year at the Real Deals Private Equity Awards 2023.

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