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Investment in local SIM-card firm as travel reopens

Dillon Eustace has advised Travelwin Group, parent company of Sim Local, on an investment by Cardinal Capital.

Founded in 2011, Sim Local is an Irish company with offices in Dublin, London and New York, that provides local network bundles to intercontinental travellers.

It has retail presences in large hub airports, which are supported by vending machines in regional airports, and shop and affiliate partnerships globally.

Commenting on the investment, Michael Moloney of Cardinal Capital said: “Before COVID, Sim Local was growing very quickly in the pre-paid SIM-card market. “

Scale internationally

He said Cardinal Capital  would help the business to scale internationally as the world came out of lockdown, and international travel opened up.

Travelwin was advised by Lorcan Tiernan and Philip Lea, head and partner respectively in Dillon Eustace’s corporate and M&A practice.