The Goodbody 2020 EIIS Fund is delighted to announce its recent investment into Pressing Matters Ltd:
Pressing Matters Ltd, trading as ‘Dublin Vinyl’ is a vinyl record manufacturing, sales and distribution company that works with some of the world’s biggest record labels and artists.
The investment from the Goodbody EIIS Funds will be used to acquire new pressing machines, and to upgrade its existing facilities. The planned expansion will enable the Company to scale up its production capacity significantly.
Vinyl album sales increased by almost 40 per cent in Ireland last year. Ironically this has been aided by the continued popularity of streaming platforms such as Spotify and Apple Music, as music fans now use these platforms to choose the music they want to own on vinyl. Growth in vinyl comes at a time when the music industry is struggling to keep up with demand due to production setbacks from the pandemic and supply chain issues. Dublin Vinyl is the only vinyl record pressing plant in Ireland and has been operating for the past 4 years, so it is well positioned to capitalise on recent demand. The Company has an experienced management team in place with over 20 years’ experience in the music industry.
EIIS Management is delighted to be able to support such a successful Irish business and look forward to seeing the Company grow over the coming years.
The Goodbody 2021 EIIS Fund is now seeking Investee Companies
The Goodbody 2021 EIIS Fund offers Irish Companies the opportunity to raise up to €5m annually in Equity Capital under the Employment and Investment Incentive Scheme (“EIIS”).
The availability of funding for Small and Medium Sized Enterprises (“SMEs”) has greatly diminished as a result of the COVID-19 pandemic. As the economy continues to deal with the challenges the pandemic brings, we believe there is a good opportunity in the market to provide EIIS funding to good quality Irish SMEs.
The Goodbody EIIS Fund is a joint venture between Goodbody Stockbrokers and Baker Tilly. Goodbody is Ireland’s longest established stockbroking firm and is a member company of AIB Group plc. Baker Tilly is a multi-disciplinary professional services firm with a focus on entrepreneurial, owner-managed and family owned businesses.
Please contact us for more information or visit our website www.eiismanagement.ie