Sunday May 31, 2020

When selling up makes sense for Irish firms

M&A activity such as the sale of Voxpro can only benefit Ireland's start-up profile, writes Leanna Byrne

1st September, 2017
Dan and Linda Kiely, founders of Voxpro. Pic: Miki Barlok

For every merger or acquisition in Ireland, there are always a few naysayers who argue that Irish start-ups sell too soon, that we’re unable to build a long-lasting company on Irish soil and all we’re good for is to be scooped up by a large multinational.

Like the Kielys, Teeling sold to a global behemoth. His company, Cooley Distillery, was sold for €73 million to Jim Beam back in 2011.

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