VIOTAS to acquire a 50% stake in Bord na Mona.

VIOTAS, an electric utility company, agreed to acquire a 50% stake in Bord na Mona, a semi-state climate solutions company. Financial terms were not disclosed. “Our management buyout journey of a semi state shareholder gave rise to complex challenges and a lengthy process. Negotiations with the sellers and financiers evolved through multiple incarnations. Eoin, Laurence, and the DC Advisory team supported us at every step, from shaping the deal to maximise our outcome, to coordinating the stakeholders through to completion. We are very grateful to the DC Advisory team for their relentless effort, which was key to the great outcome we achieved,” Paddy Finn, VIOTAS CEO.