Investment Summary

Cardinal Capital Group Invests In Sim Local

On August 1, 2021, private equity firm Cardinal Capital Group invested in retailer Sim Local

Investment Highlights
  • This is Cardinal Capital Group’s 2nd transaction in the Retail sector.
  • This is Cardinal Capital Group’s 9th transaction in Ireland.

Investment Summary

Date 2021-08-01
Target Sim Local
Sector Retail
Investor(s) Cardinal Capital Group
Deal Type Growth Capital

Target

Sim Local

Dundrum, Ireland
Sim Local is a provider of SIM card and eSIM retail. Sim Local business caters to global travellers so they can stay connected and avoid expensive roaming charges. Sim Local sells local SIM cards and eSIM Profiles direct to customers through our Sim Local retail stores, kiosks, vending machines, mobile app, and eShop. Sim Local was founded in 2011 and is based in Dundrum, Ireland.

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Investor(S) 1

Investor
DESCRIPTION

Cardinal Capital Group is an investment group principally focused on providing alternative financing solutions to small and mid-sized companies throughout Ireland. Cardinal Capital looks to invest €5 to €50 million per transaction and will consider direct investments as well as mezzanine financing commitments. Cardinal Capital Group was formed in 2003 and is based in Dublin.


DEAL STATS #
Overall 11 of 13
Sector: Retail M&A 2 of 2
Type: Growth Capital M&A Deals 6 of 6
Country: Ireland M&A 9 of 11
Year: 2021 M&A 2 of 3
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2021-06-16 Learning Pool

Derry, United Kingdom

Learning Pool is a provider of online training and learning management systems. Every day a community of 1.25 million learners across 350 companies and government bodies uses Learning Pool’s products and services to meet compliance requirements and drive performance improvement. Learning Pool was founded in 2006 and is based in Derry, United Kingdom.

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FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2021-08-26 Ashdale Care

Monaghan, Ireland

Ashdale Care provides specialist therapeutic residential services for young people with complex, emotional, and behavioural needs who cannot be adequately cared for in a mainstream setting. Ashdale Care was founded in 2001 and is based in Monaghan, Ireland.

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