[News] Catalyst Secures Investment from Luas Partners for Pan-European Expansion
Dublin, 22 April 2024: Catalyst (formerly known as i3PT), a leading ESG and technical advisory consultancy and software business, has today announced a €6 million investment from Luas Partners to drive its growth across Europe.
The investment will support Catalyst’s expansion into the Nordic region and bolster its recently established offices in Sweden, Germany, and France and its longer-standing offices in Ireland, UK, Spain, and Italy. The company plans to explore strategic acquisitions of related firms in selected markets, as well as build via organic growth. This will allow Catalyst to meet the growing client demand for ESG and building safety services while continuing its investment in expanding Catalyst’s software business, Obi.
Eoin Leonard, CEO of Catalyst, said, “We are delighted to announce this investment from Luas Partners. This capital investment will fuel our growth trajectory and enable us to deliver even greater value to our clients while expanding our reach into new markets. With Luas Partners, we have also gained an experienced strategic partner, and we look forward to benefitting from their expertise as we continue to grow.”
In response to the investment, Eoin Goulding, Group President, Luas Partners, said, “I’ve been following the Catalyst journey over the last couple of years. The vision, innovation, and dedication of the Catalyst team aligns seamlessly with our investment philosophy and I’m excited by the ambition of the company. I’m looking forward to working with the team to drive the expansion of both Catalyst and Obi, whilst also accelerating their growth plans through strategic acquisitions.”
The €6 million investment will see Luas Partners take a minority stake in Catalyst, with Eoin Goulding and Mike Murphy of Luas Partners joining the Catalyst board.
Founded in 2012, Catalyst employs over 120 people across its nine offices in Ireland, the UK, Italy, Spain, France, Germany and Sweden. Its clients include BlackRock, Cairn Homes, DWS, Bain Capital, Ardstone Capital, and the Land Development Agency.
ENDS
