The BDO Development Capital Fund has invested €5 million in Lifes2good Group to enhance its international expansion and create 50 new jobs in Ireland.

Information on the Target

The BDO Development Capital Fund has completed its second investment since the fund's launch in March last year, backed by Minister for Jobs Richard Bruton. The fund, which has a total of €75 million, is supported by the Department of Jobs through Enterprise Ireland as part of the Development Capital Scheme. The Fund, managed by Development Capital, a wholly-owned subsidiary of BDO, has invested €5 million in Lifes2good Group, one of Ireland's fastest-growing healthcare firms.

This investment will facilitate Lifes2good’s international expansion and is projected to create 50 new high-skilled jobs at its Global Headquarters in Galway and across the organization over the next three years. The BDO Development Capital Fund aims to provide development and growth capital to established mid-sized and profitable companies, helping them to implement and accelerate their export-led growth strategies.

Industry Overview in Ireland

The healthcare industry in Ireland has experienced robust growth over the past few years and represents a significant portion of the nation's economy. As a member of the European Union, Ireland benefits from a stable regulatory environment, s