Deals roundup

Our regular round-up of deals involving Irish law firms. Submit your deals to

  • BHSM advises Welltel on acquisition of Capstone Intelligent Solutions

BHSM has acted for Irish end-to-end communications provider Welltel on its acquisition of the Irish and UK operations of contact centre and unified communications specialist Capstone Intelligent Solutions.

The acquisition of Capstone, which reported a turnover of €8.5 million in the last financial year, will enhance Welltel’s offering and enable it to deliver its integrated communications, telephony, cloud solutions, and managed IT services on a larger scale.

BHSM’s corporate team, led by partner Joe McVeigh and senior associate Eimear Grealy, advised Welltel on the transaction.

  • McCann FitzGerald advises on $1.44bn refinancing of Total Produce

McCann FitzGerald, in conjunction with Cahill Gordon & Reindel LLP, has advised the lenders on the $1.44 billion refinancing of Dublin-based Total Produce plc.

The refinancing comes ahead of the company’s planned merger with Dole Food Company Inc., which will create the world’s largest fresh fruit and vegetable supply business.

The facilities comprise a $500 million five-year committed multi-currency senior secured revolving credit facility and a $940 million seven-year senior secured term loan facility with Bank of America N.A., as administrative agent.

The proceeds of the facilities will be used to, amongst other things, refinance certain of the existing Total Produce and Dole debt facilities.

Partner Tom Dane and senior associate Aidan Gleeson led the McCann FitzGerald team advising on the refinancing.

  • ByrneWallace advises Bayllmore Group on €200m forward fund deal

ByrneWallace LLP has advised Ballymore Group on the forward fund deal of 435 apartments and a health centre at 8th Lock in Pelletstown, Dublin 11 to German investor Union Investment for circa €200 million.

The development of 8th Lock also includes public plazas, pharmacy, own-door offices, juice bar and gym.

The agreement of the forward-funding deal for the 8th Lock portfolio will be seen as a significant vote of confidence by international investors in Dublin’s PRS market, as the market faces ongoing uncertainty due to site closures resulting from the Covid-19 pandemic.

Real estate partner Neil Dunne and projects and infrastructure partner and head Fergal Ruane led the ByrneWallace team working on the transaction.

They were supported by senior associate Aoife Hearne and associate James Kelly from the real estate team, solicitor Rory O’Huiginn from the projects and infrastructure team and senior associate Jonathan Lynch from the corporate team.

  • NI: Mills Selig advise Galgorm Collection on purchase of The Old Inn

Belfast-based Mills Selig has advised Galgorm Collection on the purchase of the historic, four-star luxury hotel The Old Inn, Crawfordsburn in a multi-million-pound deal.

Galgorm Collection owns the world-renowned Galgorm Spa & Golf Resort and a number of other properties across Belfast and Antrim.

Senior partner John Kearns and partner Glenn Watterson led the multi-discipline Mills Selig team advising on the transaction.

They were supported by employment partner Kiera Lee, commercial property partner Anna-Marie McAlinden and corporate solicitor Emma McCloskey.

Tiarnán O’Neill, Galgorm Collection group finance director, said: “Many thanks to John and Glenn at Mills Selig who provided us with expert legal advice throughout the sale, quickly answering any queries and ensuring we were best placed to complete without delay.”

Mr Kearns added: “The Old Inn at Crawfordsburn is an excellent addition to the already impressive Galgorm Collection portfolio. Mills Selig were thrilled to get the deal over the line especially considering the prospect of hospitality reopening in the very near future.”

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