ESG Specialist Catalyst Secures €6M In Private Equity To Boost Expansion

Dublin-based ESG and technical advisory consultancy and software business Catalyst has secured €6M in funding from private equity investor Luas Partners to help drive its growth across Europe, the company announced.

The investment will support expansion for Catalyst, which was formerly known as i3PT, into the Nordic region and help bolster its recently established offices in Sweden, Germany and France and its longer-standing offices in Ireland, the UK, Spain and Italy. The company said it plans to look at strategic acquisitions of related firms in its target markets and expand via organic growth.

This will enable Catalyst to service growing client demand for its ESG and building safety advisory, while it will continue its investment in expanding its software business, Obi.

As part of the €6M investment, Luas Partners will take a minority stake in Catalyst, with Eoin Goulding and Mike Murphy of Luas Partners joining the Catalyst board.

“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,” Catalyst CEO Eoin Leonard said in a statement. “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.”

“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,” Goulding said.

Founded in 2012, Catalyst employs more than 120 people across its nine offices in Ireland, the UK, Italy, Spain, France, Germany and Sweden. It works with real estate funds and property developers, and its clients include BlackRock, Cairn Homes, DWS, Bain Capital, Ardstone Capital and the Land Development Agency.