UAE-based Quintas Capital has announced the completion of its first Managed Equity investment, injecting $18 million into Petal Group, a high-growth floral gifting and e-commerce platform with operations across the UAE and Ireland. The investment marks a significant move for the firm, aimed at bolstering Petal Group’s international expansion plans.
A Landmark Managed Equity Transaction
This deal represents the inaugural transaction for Quintas Capital’s Managed Equity division. This division operates on a deal-by-deal private equity model, allowing the firm to partner directly with investors, entrepreneurs, and management teams on scalable, high-growth opportunities.
Kevin MacSweeny, Head of Managed Equity and Shareholder at Quintas Capital, commented, “This is a landmark first investment for our Managed Equity strategy, and we are thrilled to partner with Garreth and the team. Petal Group has built a unique high-growth, scalable and technology-led business with significant international reach. We are looking forward to supporting its next phase of the group’s expansion focusing on acquisitions and entry into new strategic markets.”
Strengthening The UAE-Ireland Investment Corridor
The investment underscores Quintas Capital’s strategic focus on the Irish–Middle East investment corridor. During 2024, UAE-based Fawad Tariq Khan and former private equity professional Kevin MacSweeny acquired a significant stake in Quintas Capital with the goal of scaling its private market investment activities from the region.
Fawad Tariq Khan, Director and Shareholder of Quintas Capital, stated, “The United Arab Emirates is a high-growth economy, and we are proud to make our first equity investment in the region. We are actively seeking acquisitions and new market expansion, supporting our thesis for the Irish–Middle East investment corridor.”
Fuelling Petal Group’s Expansion
Founded by Garreth Knowd, Petal Group operates a portfolio of leading online flower brands including Flowers.ae, Flowers.ie, FlowersDirect.ie, and BloomMagic.ie. The company has distinguished itself through its premium floral designs, reliable same-day delivery, and a proprietary technology platform that enhances fulfilment efficiency and customer experience. The new funding will be used to support strategic acquisitions and entry into new markets.
“I am excited to be working with Kevin, Fawad and the team at Quintas Capital and remaining a shareholder on the next journey for the companies,” said Garreth Knowd, Founder of the Petal Group. “Kevin was very focused on getting the right mix of value-add investors involved in Petal, some of whom will work closely with us on the Board.”
About Quintas Capital
Quintas Capital is an investment firm with a platform that includes Managed Equity, an EIIS fund, and a Private Credit platform. The firm’s mission is to democratise access to private markets by providing professionally managed investment opportunities typically reserved for institutional investors, family offices, and high-net-worth individuals. It is run by an experienced team of investment professionals with a track record across private equity, credit, and structured finance.
Source: Wamda
