Highland leads €23.5m investment in AMCS

The fresh capital will be used to pursue the company's international growth plans and increase its UK presence by creating 20 jobs.

Debt
The transaction was supported by existing backer Investec.

Company
AMCS develops end-to-end software for the recycling and waste management industry. Its Elemos software tracks waste by reading a chip inserted into bins and containers. It is currently used by 700 clients globally to provide waste management solutions to nine million homes.

UK customers include Sita UK and William Tracey Group in Scotland.

Headquartered in Limerick, Ireland, the company employs 135 people across the UK, Ireland, France, Sweden and the US. AMCS was established by Jimmy Martin and Austin Ryan in 2004. It reported a turnover of €18m in 2013.

People
Fergal Mullen and Tony Zappala, partners at Highland, led the deal and will join the company's board.

Advisers
Management – Maples and Calder, Colm Rafferty (Legal).
Equity – A&L Goodbody, David Widger (Legal); Grant Thornton (Financial due diligence).
Debt – William Fry, Shane O'Donnell (Legal).

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• UK / Ireland
• Expansion
• Technology
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