Forás Capital launches €50m 'search fund' in Ireland

Backers include Movidius co-founder Sean Mitchell and Aer Arran founder Padraig Ó Céidigh

Sam Batran of Forás Capital: Our objective is to be the successors of the current owners. We aim to preserve their legacy and grow the business in the long run“

Forás Capital has announced what it claims is Ireland first ‘search fund’ with the capacity to acquire a single company valued at up to €50 million.

Founded by Sam Batran, Foras is backed by a prominent group of investors that include Sean Mitchell, who successfully exited Movidius to Intel in a $400 million deal in 2016, Frank Kenny, co-founder of Delta Partners, and Padraig Ó Céidigh, the former independent senator and Aer Arann founder.

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