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Government
investni.com

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Investments

37

Portfolio Exits

7

Funds

3

About Invest Northern Ireland

Invest NI is the main economic development agency for Northern Ireland. The company's role is to grow the Northern Ireland economy by attracting new investment to Northern Ireland and to help new and existing businesses to thrive and compete internationally.

Invest Northern Ireland Headquarter Location

Bedford Street Bedford Square

Belfast, Northern Ireland, BT2 7ES,

United Kingdom

028 9069 8000

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Latest Invest Northern Ireland News

Kilkeel manufacturing SMEs investing for growth

Feb 17, 2022

17 Feb 2022 Ireland Deals, Manufacturing Laurence Kilgannon James Norris, managing director of J N Hire; Joe Annett, founder and managing director of Anachem Hygiene; Mark Bleakney, Invest Northern Ireland’s southern regional manager; and Ronald McConnell, partner, Mourne Craft Three Kilkeel-based manufacturing SMEs are investing more than £650,000 collectively to grow their businesses in Great Britain and RoI. JN Hire, Mourne Craft and Anachem Hygiene will also create 12 jobs as part of their investments. Plant hire and manufacturing company JN Hire recently started manufacturing hydraulics and specialist PPE for the fishing and marine sectors, boosting its exporting potential. Managing director James Norris said: "To capitalise on growth opportunities in GB, RoI and across Europe, Invest NI is supporting us to create six jobs that will expand our team’s expertise and capacity. It has also provided support for marketing activities that will help us build our brand in international markets." Mourne Craft specialises in the design, manufacture and installation of external stainless steel and glass balustrades and internal staircases for commercial and residential projects. The company is currently selling in GB and RoI, and Invest NI support is helping to strengthen this success. Ronald McConnell, a partner at Mourne Craft, said: "We've been working with Invest NI’s Southern regional team since 2018, and its advice and guidance has been instrumental to our growth so far. We’re now experiencing an increase in demand for our products in the new-build construction market and hiring three new staff will enable us to target this new market in both GB and RoI and secure more sales." Anachem Hygiene is also investing in its business to increase its exports in RoI, and break into the GB market. Founder and managing director Joe Annett said: "We've been developing and manufacturing cleaning chemicals for professional, industrial and automotive sectors from our Kilkeel facility for over 20 years. "To expand our product portfolio and keep up with our competitors, we’ve developed new environmentally friendly cleaning solutions. This has created a significant market opportunity for us to target new business in RoI such as care homes, schools, and hospitals, and also build our presence in GB. Invest NI has offered £78,750 of support towards the new jobs, and marketing activities. Mark Bleakney, Invest Northern Ireland’s southern regional manager, said: "It was great to meet with J N Hire, Mourne Craft and Anachem Hygiene today to hear about their plans to grow their businesses in the Newry, Mourne and Down District Council area. Each of these SMEs is well established in Kilkeel and has contributed positively to the economic growth of the area for many years." The support is part funded by the Department for the Economy Economic Recovery Action Plan.

Invest Northern Ireland Investments

37 Investments

Invest Northern Ireland has made 37 investments. Their latest investment was in RESPONSIBLE as part of their Grant on February 2, 2022.

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Invest Northern Ireland Investments Activity

investments chart

Date

Round

Company

Amount

New?

Co-Investors

Sources

2/21/2022

Grant

RESPONSIBLE

$0.13M

Yes

1

12/2/2021

Grant

Neurovalens

$0.3M

No

2

6/29/2021

Seed

Haru

$0.62M

Yes

1

3/31/2021

Series B

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$99M

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10

1/14/2021

Grant - III

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$99M

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10

Date

2/21/2022

12/2/2021

6/29/2021

3/31/2021

1/14/2021

Round

Grant

Grant

Seed

Series B

Grant - III

Company

RESPONSIBLE

Neurovalens

Haru

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Amount

$0.13M

$0.3M

$0.62M

$99M

$99M

New?

Yes

No

Yes

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Co-Investors

Sources

1

2

1

10

10

Invest Northern Ireland Portfolio Exits

7 Portfolio Exits

Invest Northern Ireland has 7 portfolio exits. Their latest portfolio exit was Fusion Antibodies on December 18, 2017.

Date

Exit

Companies

Valuation
Valuations are submitted by companies, mined from state filings or news, provided by VentureSource, or based on a comparables valuation model.

Acquirer

Sources

12/18/2017

IPO

1

2/6/2017

Acq - Fin

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10

6/21/2016

Acquired

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10

4/29/2013

Acquired

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$99M

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10

7/4/2008

Acquired

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10

Date

12/18/2017

2/6/2017

6/21/2016

4/29/2013

7/4/2008

Exit

IPO

Acq - Fin

Acquired

Acquired

Acquired

Companies

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Valuation

$99M

Acquirer

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Sources

1

10

10

10

10

Invest Northern Ireland Fund History

3 Fund Histories

Invest Northern Ireland has 3 funds, including Growth Loan Fund II.

Closing Date

Fund

Fund Type

Status

Amount

Sources

10/5/2018

Growth Loan Fund II

$39.34M

1

12/13/2016

Invest NI Fund

$99M

10

1/1/2012

Growth Loan Fund I

$99M

10

Closing Date

10/5/2018

12/13/2016

1/1/2012

Fund

Growth Loan Fund II

Invest NI Fund

Growth Loan Fund I

Fund Type

Status

Amount

$39.34M

$99M

$99M

Sources

1

10

10

Invest Northern Ireland Team

6 Team Members

Invest Northern Ireland has 6 team members, including current Chief Executive Officer, Alastair Hamilton.

Name

Work History

Title

Status

Alastair Hamilton

Chief Executive Officer

Current

Mel Chittock

Managing Director

Current

Jeremy Fitch

Managing Director

Current

Tracy Meharg

Managing Director

Current

Ian Murphy

Managing Director

Current

Name

Alastair Hamilton

Mel Chittock

Jeremy Fitch

Tracy Meharg

Ian Murphy

Work History

Title

Chief Executive Officer

Managing Director

Managing Director

Managing Director

Managing Director

Status

Current

Current

Current

Current

Current

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