Cantor Fitzgerald is pleased to announce the recent maturity of an investment in Carlow Craft Brewery Limited. The company, also known as O’Hara’s Brewery, is an independent, family-owned business established in 1996 and one of the pioneers of Irish craft brewing. Located in the heart of Ireland’s traditional malt and hop-growing “Barrow Valley” region, the company is proud to have been at the forefront of the new wave of Irish craft brewing for almost 17 years.
In December 2015 Carlow Craft Brewery raised €2.5m of new equity by way of the Employment and Investment Incentive Scheme (EIIS). Due to rapid expansion, the brewing facility used to manufacture O’Hara’s was operating at full capacity. The equity raised was used to expand the brewing and packaging facilities and for working capital purposes.
Cantor Fitzgerald investors subscribed through Carlow Craft Brewery Nominees DAC, a nominee company, and the shares were held subject to a deed of trust on the investor’s behalf. Over the course of the investment, we worked closely with Seamus O’Hara, the principal behind Carlow Craft Brewery. Investors have received back their initial capital, plus a return of 15% and obtained 40% income tax relief.
We are delighted to have assisted a leading Irish SME in expanding its business and creating additional employment while also delivering an attractive return for investors.