Buy and Build Ep 47: Investing in Irish and UK Companies with EV>$5M - Mark Flood (Renatus Capital Partners)
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Aug 29, 2022 AI Snips
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Career Journey
- Mark Flood's career began in accounting and auditing, later transitioning to corporate finance.
- He joined FL Partners, working on deals like K-Fone, Racing Post, and Sunseeker, before moving to a commercial role at Racing Post.
Racing Post Success
- Mark's experience at Racing Post involved navigating the post-Lehman Brothers collapse.
- Despite the challenging economic climate, the business thrived, performing better than when acquired, similar to the Financial Times.
Renatus Launch
- Mark and his co-founder, Brendan Trainer, identified an opportunity in the mid-market SME space.
- They raised an initial fund of €10 million, targeting businesses with €1 million EBITDA and growth potential, focusing on "safe, made, and sound" investments.