M/25/024 – Cardinal Capital/HLB Ireland and FutureRange
Transaction details
The proposed acquisition by Cardinal Capital Partners Limited, through CIP HoldCo S.à.r.l., of joint control of Hook Line Bay Limited and Flare Trench Limited, has been notified to the Competition and Consumer Protection Commission.
| Notification date | Decision date |
|---|---|
| Tuesday March 25, 2025 | |
| Parties Involved | Business activities |
|---|---|
| Cardinal Capital Partners Limited | Cardinal Capital Partners Limited is a private equity investment firm that specializes in acquiring, managing, and enhancing the value of companies across a range of industries. |
| CIP HoldCo S.à.r.l. | CIP HoldCo S.à.r.l. is a wholly owned subsidiary of Cardinal Ireland Partners Fund SCSp, which is part of a larger ownership structure that includes Cardinal Capital Group UC, the investment manager for Cardinal Ireland Partners Fund SCSp. |
| Hook Line Bay Limited | Hook Line Bay Limited is an Irish advisory & accounting firm, originally established in 1976 as Sheehan Quinn. Hook Line Bay Limited Ireland is focused on providing advisory and accountancy services to owner-managed businesses in Ireland, and is a member of the HLB International network, a global network of independent advisory and accounting firms providing consulting, tax, and audit services. Hook Line Bay Limited is in the process of changing its name to HLB Ireland Limited. |
| Flare Trench Limited | Flare Trench Limited is an IT managed services and cyber security firm that provides 24/7 service desk support, hybrid cloud management, and cyber security services to Irish businesses. Flare Trench Limited is in the process of changing its name to FutureRange Limited. |
| Economic sector | Media merger |
|---|---|
| Professional Services | No |
| Submissions from third parties due by: | |
|---|---|
| Phase 1 | Phase 2 |
| Monday, April 7, 2025 | |
| Current status: Active |
|---|
| Simplified Merger Notification |
| Authorised Officer Assigned | Contact Details |
|---|---|
| Jack Kelly | jackkelly@ccpc.ie |
Media enquiries: communications@ccpc.ie
Haven’t found what you’re looking for?
Competition and Consumer Protection Commission
PO Box 12585, Dublin 1, D01 C576
Tel +353 (0)1 402 5500
Consumer helpline 01 402 5555