IQ-EQ Group’s Acquisition of Davy Global Fund Management Limited

Matheson advised IQ-EQ Group, a global funds and institutional investment manager, on its acquisition of Green Bay Acquisitions Limited, the holding company of Davy Global Fund Management, the trading group for Davy’s fund management business in Ireland and Luxembourg.

The strategic combination of IQ-EQ and DGFM creates an established full service funds business in Ireland with a proven track record and prominent market position. The transaction, which is subject to regulatory approval, is expected to complete by the end of 2021 following which DGFM will rebrand to IQ-EQ.

IQ-EQ Group is an established provider of one of the most comprehensive service offerings to alternative fund managers globally. They have been active in Ireland for over 30 years, providing a full range of corporate administration and structured finance solutions from its offices in Dublin and Shannon, and launched a dedicated funds business in the Republic of Ireland in March of this year.

Davy Global Fund Management (DGFM) is part of Davy Group, one of Ireland’s largest domestic financial services businesses. Since its inception in 1926 Davy Group has maintained its reputation as a recognised leader in investment management. With 83 employees working in offices across Dublin, London and Luxembourg, DGFM offers fund management services to private clients, small businesses, corporations and institutional investors around the world. The acquisition of DGFM by IQ-EQ is part of a wider sale of the Davy Group business. 

The Matheson team comprised of Corporate M&A partners, Sandra Lord (Picture) and Brian McCloskey, Investment Funds senior associate, Eunan Hession and Corporate associate, Una Donovan.

Involved fees earner: Una Donovan – Matheson; Eunan Hession – Matheson; Sandra Lord – Matheson; Brian McCloskey – Matheson;

Law Firms: Matheson;

Clients: IQ-EQ;

Author: Federica Tiefenthaler