Sale of solar energy firm delivers big return to Hostelworld founder and Tayto owner

Power Capital Renewable Energy is being bought by Paris-based Omnes Capital for about €15 million plus a potential future earn-out

22nd November, 2020
Sale of solar energy firm delivers big return to Hostelworld founder and Tayto owner
Ray Coyle, the Tayto owner

Power Capital Renewable Energy, the solar energy company being acquired by a French infrastructure fund, has delivered a shining return for Tom Kennedy, the Hostelworld founder and Ray Coyle, the Tayto owner, details of the deal show.

The company is being bought by Paris-based Omnes Capital for an initial consideration of around €15 million plus a potential future earn-out, a source with knowledge of the deal said.

Other beneficiaries include Dalkey financier Barry O’Sullivan, an...

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