Carlyle invests in GSLS

Carlyle and Cardinal Capital launched their joint CCI fund in January 2013 with a €300-350m target. The vehicle held its final close in July this year on €292m.

In February, unquote" examined the private equity market in Ireland following a sudden burst of activity in the country.

Company
Founded in 2004, GSLS is headquartered in Dublin with an additional office in Limerick. The company provides cash management and cash logistics services.

It provides cash-in-transit, cash processing, collection, verification and supplying notes and coins to Irish businesses in the financial and retail sectors. The company employs 140 staff.

People
Robert Easton is managing director and head of Carlyle's CCI team. Nigel McDermott is co-founder of Cardinal.

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• Topics
• Expansion
• UK / Ireland
• Support services
• Ireland
• Carlyle Group