Powerscourt Group has been acquired by Morrow Sodali, a firm majority owned by TPG Growth. TPG was founded by US billionaire David Bonderman, who currently chairs the company and also served as chairman of Ryanair for two decades before stepping down in 2020. Picture Nick Bradshaw
Founded in 2004 by ex-editor of the Sunday Times Ireland Edition, Rory Godson, Powerscourt has 75 staff based between London and Dublin, advising more than 170 clients including many listed in the FTSE 100. While the terms of the acquisition are undisclosed, the price tag for the Powerscourt group, which represents high-profile clients in the UK and Ireland including former BP chief executive Bernard Looney and companies such as Eir, DCC and Airbus, could be as high as £50 million , according to Sky News.
Powerscourt’s senior management team, led by founder and chief executive Rory Godson and managing partner Victoria Palmer-Moore, will remain with the business to help build out the European platform.