Tuesday November 24, 2020

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
2
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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