Bearing Point Ireland joins European MBO

Technology consultancy BearingPoint Ireland has taken part in a management buyout of the company’s Europe, Middle East and Africa (EMEA) operations.

Following the buyout, Bearing Point, formerly KPMG Management Consultants, will join an international organisation with revenues of over €500 million.

Bearing Point in Ireland had revenues of €30 million in 2008 and employs 200 people in Dublin.

Peter Minogue, managing director of Bearing Point Ireland, and Martin McKenna (head of financial services) have taken an equity stake in the new venture.

“We see this is a highly positive move for our clients and staff as it gives us more control and flexibility in the Irish market while remaining part of an international organisation,” commented Mr Minogue in a statement.