Semi-State Advisory

Advice trusted at the highest levels.

For more than 25 years, Government and semi-state organisations have counted on Goodbody for critical strategic, financial and commercial decisions.

From strategy and funding to transactions and governance, our senior led team brings clarity to complex decision making, using their deep knowledge of the Irish semi-state sector to help stakeholders move forward with confidence and conviction.

Speak to our Semi-State Advisory team

Strategic advice

Commercial thinking. Public purpose.

We understand how Semi-state organisations have to think commercially while delivering against a broader public mandate.

It’s why we bring commercial rigour to strategic reviews, transactions, valuations, investment decisions and governance, while understanding the responsibilities, stakeholders and scrutiny that shape every decision.

Funding and capital structure

From strategy to execution.

We help assess semi-state funding requirements, evaluating sources of finance and developing a capital structure designed around your organisation’s immediate and long-term objectives.

As well as providing international capital-raising expertise and access to commercial banks, the European Investment Bank, private placement investors and the debt capital markets, our experience running competitive funding processes, helps create choice and secure the most attractive terms.

Local insight. Global perspective.

Deep roots in the Irish market.

Good advice starts with understanding the market you operate in. It’s why our knowledge of the Irish market is a key part of our proposition.

Combining Irish expertise with the wider resources of Goodbody, our sector specialists give you a broader view of economic conditions, markets, sectors and investor sentiment, alongside a detailed understanding of your organisation and its stakeholders.

Managing complexity

Multiple stakeholders. One clear direction.

Our depth of experience in the semi-state sector means that we are accustomed to dealing with and navigating the complex demands of the various stakeholders and the sensitive issues that commercial semi-state companies may face.

Sensitive mandates

Discretion comes as standard.

Some assignments demand particular confidentiality, judgement and care.

Goodbody has extensive experience advising on sensitive and high-profile mandates for Government and semi-state organisations, including complex strategic reviews and major capital markets transactions.

All mandates are handled confidentially, with appropriate non-disclosure arrangements available where required.

Why Goodbody?

Reappointed, not just retained

Semi-state organisations need an adviser who understands the sector, the commercial environment and the responsibilities that come with it.

Goodbody brings all three together, combining semi-state expertise, capital markets capability and knowledge of the Irish market, providing senior-led advice that stands up to scrutiny and helping get decisions made.

Many of our semi-state relationships span decades and successive mandates, reflecting the trust placed in our advice, judgement and execution.

Our Semi-State Advisory team

Senior advisers. Sector specialists.

Our Our Semi-State Advisory team combines deep knowledge of Ireland’s public and semi-state sector with senior-led corporate finance and capital markets expertise.

That experience has been built over more than 25 years advising Government and semi-state organisations on some of their most important strategic and financial decisions.

Head of Corporate Advisory

Stephen Kane

stephen.kane@goodbody.ie

Managing Director, Infrastructure

Tara Reale

+353 1 643 2495 tara.reale@goodbody.ie

Director, Debt Advisory

Enda Grenham

+353 1 603 2576 enda.grenham@goodbody.ie

Director, Corporate Advisory

Linda Clarke

linda.p.clarke@goodbody.ie

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Peter Quinn | CFO, An Post

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Michael Behan | CFO, EirGrid

We know your world.

Commercial priorities. Public responsibilities. Multiple stakeholders. We consider them all to help secure the funding you need.

Speak to our Semi-State Advisory team

Frequently Asked Questions

We advise commercial semi-state companies, Government Departments and other public bodies.

Yes. We have a strong track record of advising on sensitive mandates for Government, including complex strategic reviews and leading the IPOs of Aer Lingus and eircom.

Yes. Capital structure and funding strategy are core areas of our corporate advisory work. We can also support execution, including competitive funding processes designed to secure attractive funding terms.

Yes. We’re recognised as a primary dealer for Irish Government Bonds by the NTMA, and have previously acted as Active Bookrunner and/or Co-Lead Manager for the NTMA and Gas Networks Ireland.

We regularly manage mandates involving Boards, Government Departments, NewERA, potential funders and other professional advisers, bringing structure and coordination to complex processes.

Yes. Confidentiality is fundamental to our approach, and we can enter into appropriate non-disclosure arrangements where required.

The answers to these frequently asked questions do not constitute investment advice.

More expertise

A few other ways Goodbody’s Investment Banking team can help.

Corporate Broking

For listed companies looking for strategic advice, investor engagement, market intelligence and access to capital.

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Mergers & Acquisitions

For businesses considering an acquisition, disposal or strategic transaction where financing forms part of the wider deal.

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Debt Advisory

For acquisition financing or refinancing alongside a transaction.

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Semi-State Advisory

For Government and semi-state organisations that need help with strategic, financial and commercial decisions.

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Equity Capital Markets

For businesses considering raising equity through an IPO, placing, rights issue or other capital markets transaction.

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Debt Capital Markets

For businesses looking to access debt financing and capital markets expertise.

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Research

For independent, sector-led research supporting investors, corporates and capital markets activity.

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Sustainability Advisory

For sustainability driven entities looking to implement best-in-class sustainable practice.

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