CITE takes a Board seat at KIM to strengthen corporate governance and better represent investors at the management company level

Click here for PDF-Press Release: CITE INVESTMENTS (“CITE”) is pleased to announce that it has taken a significant minority interest in Kilcullen Investment Management (“KIM”), a Dublin based asset backed Private Equity investor.

CITE will own its interest in KIM via its CITE Venture Capital I (“CVC I”) vehicle. To strengthen corporate governance, CITE will have a Board seat to represent investors best interests.

Collectively, KIM and CITE will collaborate on strategy, business development and future product initiatives.

Colm O’Reilly, CEO of KIM, welcomes CITE’s 360-investment management approach. “CITE demonstrated its commitment to our joint success with their one-day project kick-off workshop to truly understand our strategy and vision. The CITE team’s data analysis provided significant support for our proposal, and we were able to make adjustments ahead of engaging with investors. The fund-raising timetable we set with CITE is tight, but their team co-designed our medium term vision and showed they understand the requirements of our family office sponsors.”

Sascha Klamp, CEO of CITE, sees significant benefits to the partner model. “We first met Colm O’Reilly and Enda O’Coineen in early February. Being able to quickly align interests is relatively uncommon in our industry. Working with a purposeful Due Diligence process enabled us to move fast whilst agreeing on a commercial model that aligns both parties’ objectives. We expect the partnership to be long lasting.”