Growth capital investor BGF has announced what it describes as a "significant" investment in Dublin Meat Company as well as a €12.5m equity investment in Galway based supplement brand Revive Active.
Dublin Meat Company is a food producer and owner of the Fit Foods range of ready meals.
It also operates six craft butcher shops and an online service.
In a simultaneous transaction, Dublin Meat Company is to acquire 100% of Monaghan food processing company, Swift Fine Foods.
Swift employs over 200 people and currently manufactures Fit Foods ready meals for Dublin Meat Company.
The two deals will see BGF take a significant minority position in the enlarged Dublin Meat Company.
Both transactions are subject to approval from the CCPC.
Following completion, Joe Higgins of BGF will join the Board of Dublin Meat Company
"Dublin Meat Company is a fantastic business, and we are delighted to be able to support their exciting growth plans," Mr Higgins said.
"This is a perfect example of how growth capital can help to transform a business and fuel its growth.
"The Swift transaction will be transformational for the company and give it the resources to support the rapidly growing Fit Foods brand," he added.
Brian O’Leary, CEO of the Dublin Meat Company said the deal would underwrite the company’s ambitious plans.
"Our Fit Foods range is experiencing rapid growth," he said.
"Owning our own manufacturing facilities means we will now be able to guarantee the quality and supply of every aspect of our Fit Foods range," he added.
Mr O'Leary said they have immediate plans to invest in Swift’s facilities in Monaghan particularly in product development to support existing and new contracts.
Dublin Meat Company was founded in 2005 by Paddy O'Leary.
It is led today by his sons, Brian and David O'Leary.
BGF has also today announced a €12.5m equity investment in Galway based supplement brand Revive Active.
The company manufactures a range of supplement products at their facility in Mullingar in County Westmeath.
This will be BGF’s 12th investment in an Irish company.
The investment, which is subject to regulatory approval by the CCPC, will make BGF a minority investor in the business.
Revive Active was founded in 2011 by Dáithí O'Connor who will remain the majority shareholder.
"This will be our first investment in a Galway based business and it is a wonderful example of a modern, successful Irish company which has carved out a significant export presence alongside a sector leading position here in Ireland," said Leo Casey of BGF.
Dáithí O'Connor, founder and managing director of Revive Active, said this investment will underpin their plans for significant growth over the next few years including increasing their international export markets.
"We welcome the addition of Leo Casey of BGF and Paul McGreevy as director and chairman respectively to our board.
"Their experience and expertise will help bring our company to the next level," he added.
