While the enterprise value has not been disclosed, Pollen Street has committed an additional £15m to help the firm expand into Greece, Spain and South Africa.

It recently opened an office in Cape Town, where it is planning a joint venture with a large local partner, and plans to establish a new office in Madrid in the next year.

Pollen Street's stake is between 45-50%, according to the Irish Times.

The GP is currently investing from PSC Fund III, which held a final close on £400m in February this year.

Company
Established in 2011, BidX1 has sold 7,000 assets for €1.2bn. It recently acquired London-based Andrews & Robertson, making it the second largest commercial and residential auction house in Britain and Ireland. It currently employs 70 people.

People
BidX1 – Stephen McCarthy (managing director).

• Tweet  
• Facebook  
• LinkedIn  
• Google plus  
• Send to  

• Topics
• Buyouts
• UK / Ireland
• Financials
• Ireland