The Irish arm of private equity firm MML Growth Capital Partners has sold its stake in a Dublin-based supply chain management company for big return on its original investment.
MML Ireland has now agreed to sell its shareholding in the firm to US industrial supply chain management company Vallen. The terms of the deal have not been disclosed but The Irish Times understands MML will receive more than €30 million for its stake in EES, representing a return of three times its original €10 million investment.
Chuck Delph, chief executive of Vallen, said the Dublin-based company is an “outstanding supply chain services provider”. He said: “This transaction further expands our operations in Europe and enables us to continue delivering premier solutions and innovations for our customers’ indirect spend and opens new opportunities for growth across several industries.”