Growth capital investor BGF has invested €7m in The Avoca Clinic, a cosmetic surgery practice co-founded by mother and daughter Ailish Kelly and Niamh Murdock.
Over 40 people, including a team of plastic surgeons are employed across the clinics in Wicklow, Limerick and Dundalk.
The investment will finance the expansion of its surgical capacity and clinic footprint throughout Ireland.
Through the investment, BGF will take a significant minority position in the business.
Following the transaction, Lauren Sharpe of BGF will join the board, while Noel Daly will join as Non-Executive Chairman.
"We are delighted to welcome BGF as an investor in The Avoca Clinic," said Niamh Murdock, CEO of The Avoca Clinic.
"This investment, and the expertise that BGF and Noel Daly as our Chairman will bring, will support our plans to expand our surgical capacity and footprint across Ireland in this next phase of growth for the clinic," she added.
Lauren Sharpe of BGF said they are excited to join the team of a female-founded business.
"This partnership underscores our confidence in the clinic's potential to grow regionally and expand its offering," Ms Sharpe said.
This latest deal is BGF's 15th investment in Ireland since it began operations here in 2017.
