Advising Ares on Financing to Phoenix Equity Partners for Investment in Nostra

We are pleased to have acted as Irish law advisors to Ares Management in providing debt financing to Phoenix Equity Partners to fund their investment in Nostra Technologies. Nostra is one of Ireland’s largest managed IT services providers, providing a range of IT services to over 700 companies in the public and private sector in Ireland.

Irene Nic Chárthaigh, Financial Services Partner, who led the advisory team, said: “This transaction exemplifies the growing trend in the Irish market for local companies to seek private equity investments to accelerate their growth and expansion plans, and for these investors to obtain funding from alternative financing sources. We continue to be the Irish law firm of choice for private credit funds and other institutional investors navigating the Irish market.”

Our team also included Co-Head of Tax, Kevin Mangan and Corporate Partner, Robert Dickson. They were assisted by Senior Associate, Aisling Buckley and Associates Aoife McCarthy and Conor Kilkenny.