Matheson recently advised the National Treasury Management Agency, as controller and manager of the Ireland Strategic Investment Fund (“ISIF”), in connection with its investment in Manna Air Delivery, a global leader in consumer drone delivery. The investment was part of a $50m series B funding round, that brings total investment to date to $110 million (€95 million).
Brian McCloskey, Corporate M&A Partner at Matheson said:
“We were delighted to support ISIF on this investment. Manna is a great example of a scaling indigenous businesses that will continue to deliver long-term economic impact for Ireland.”
The Matheson team was led by Corporate M&A partner Brian McCloskey and senior associate Dan McAleese.
The broader cross-departmental transaction team included Ruadhán Kenny and Suzy Builder (Planning and Environmental), Alice Duffy, Ciara Taggart and Naomi Douglas (Employment), Simon Shinkwin and Conor Slowey (Competition), Sarah Jayne Hanna and Conor Doyle (Technology and Innovation).
With a wealth of experience across our six partner led offices worldwide, Matheson has some of the most experienced corporate lawyers in Ireland. This transaction is a further example of the strength and depth across our market leading Corporate M&A team and our experience delivering for clients on complex and innovative domestic and international corporate transactions across all industry sectors.
For more information about our legal services, please contact a member of the Corporate team or your usual Matheson contact.