Renatus takes majority stake in Wicklow engineering group

Private equity firm’s investment is the first under its new fund, which is supported by the Ireland Strategic Investment Fund

Brendan Traynor: co-founder of Renatus Capital Partners. The private equity firm has also backed the likes of Simtech Aviation, Herdwatch, Rennicks, Tipperary Crystal and Kappture

Renatus Capital Partners has made its first investment under a new €60 million state-backed fund, taking a majority stake in WH Scott Group, a Wicklow engineering company.

Founded in 1897, the firm is focused on the design, fabrication, supply, inspection and certification of equipment used in highly regulated lifting and industrial markets.

The Rathnew-headquartered company operates through four specialist divisions: WH Scott & Son Engineers, Hiltonne Engineers, Metlab and ReRopes.

Under the terms of the ...