Lifes2good is to create 50 jobs in Galway after receiving a €5m investment from the BDO Development Capital Fund, a €75m fund created last year by Richard Bruton, Ireland’s Minister for Jobs, Enterprise and Innovation.
The Lifes2Good Group was founded in 1997 by James Murphy and is an international, sales, marketing and distribution Group of category leading and clinically proven healthcare brands in Europe, the Americas, the Middle East and Asia.
The investment will enable Lifes2good further international expansion and will lead to the creation of 50 additional high skilled jobs in its Global Headquarters in Galway and across the group over the next three years.
“We have hugely ambitious expansion plans and we are now positioned to implement them. We can also now tap into the expertise that comes with The BDO Development Capital Fund and the support of both the Fund’s advisory panel members,” Murphy said.
“The BDO Development Capital team have a wealth of experience in supporting growing businesses such as ours and this along with the international reach of their corporate partners was a key factor for Lifes2good.”
€2bn available to Irish businesses
The BDO Development Capital Fund is supported by the Department of Jobs through Enterprise Ireland, as part of the Development Capital Scheme and was established by Minister Bruton in March last year.
“Over the past three years we have established new finance schemes which are making available a total of well over €2bn to Irish businesses, and the BDO €75million Development Capital Fund forms part of this,” Minister Bruton said.
“Today’s announcement of its investment in Lifes2Good and the creation of 50 new jobs by this company is a welcome boost that shows the concrete benefits of this scheme. Lifes2Good is a highly successful company which will now go on to grow faster and create more jobs in a regional location.”
Galway image via Shutterstock