Eversheds Sutherland Ireland were delighted to act for the owners of the Rilta/ClearCircle group in respect of the conditional sale of the ultimate ownership of the companies to  Enva, backed by Exponent Private Equity. The transaction is subject to CCPC approval.

Our work in this transaction built upon our work in advising the owners as part of their successful MBO team leading to the acquisition of a majority interest by them in the ClearCircle/Rilta operating companies from One51 Group plc which completed in April 2017.

Our all-island offering was particularly important to this transaction given the Northern Irish businesses and interests held by the ClearCircle/Rilta group.

Our team was led by Gavin O’Flaherty, corporate partner supported by Alan Connell, Head of Tax, Gareth Planck, Partner, NI office, Sean Ryan, Head of Competition, Angelyn Rowan, Partner, Constructions and Projects, Amy McDermott, Associate, Corporate and other team members.