BGF Ireland has completed a multi-million-euro investment into Ocean Crest Marine, a specialist marine plant hire business, becoming a significant minority shareholder. The investment will be used to support the growth of the business in Ireland and its expansion to the UK and beyond.
Headquartered in Galway, Ocean Crest Marine operates the largest fleet of “jack-up barges” in Ireland, which are used for a variety of marine construction projects, including offshore wind projects and geotechnical campaigns.
Commentating on the deal, Marcus Lally, Founder & CEO, Ocean Crest Marine said, “Delighted to welcome BGF on board as cornerstone investors in our business. Backed by Ireland Strategic Investment Fund, AIB and Bank of Ireland, BGF will add hugely to the company and our ability to successfully execute our ambitious plans for growth.”
Since the start of the year, many Central Bank of Ireland (CBI) articles and speeches have called out the Payments Institutions (PI) and Electronic Money Institutions (EMI) sector as being one of increased risk. One area of focus has been the wind-down plans for relevant institutions, ensuring that these are credible and prioritising minimising any negative impact on consumers.
2024 has seen the appointment of two new commissioners in the Data Protection Commission (DPC). The Digital Services Act is now effective, with several large organisations already being required to comply and establish a new regulator, Comisiún na Meán.
The role reports to the President and provides executive, administrative, and development support. The Director of the Office of the President serves as the primary point of contact for internal and external stakeholders on all matters pertaining to the President, serves as a liaison to the Governing Body and senior leadership team when required, and oversees internal and external communications for...
Ensuring important transactions are tax-efficient
Expert advice throughout the life cycle of the deal
Support for the critical moments that define your business’ success
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