Cardinal Capital, an Irish private equity firm, has invested in the Travelwin Group, the owner of Sim Local, a pre-paid SIM card provider in travel locations
Founded in 2011, Sim Local is an Irish company with offices in Dublin, London and New York, that provides local cellphone network bundles to intercontinental travelers. It has retail presences in large airports supported by vending machines.
Michael Maloney of Cardinal said “Before Covid, Sim Local was growing very quickly in the pre-paid SIM-card market. As the world comes out of lockdown and international travel opens up we are delighted to invest behind Killian [Whelan] and his management team to help the business scale internationally.”
Philip Lea, partner in Dillon Eustace’s Corporate and M&A practice, said, “We are delighted to have advised Travelwin Group and wish the group every success and continued growth.”
Dillon Eustace advised the Travelwin Group.