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Principia
Capital

Acquiring and scaling Ireland's finest owner-managed businesses

Ex Principiis  —  From First Principles

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From
First
Principles

Ex Principiis

Principia Capital is a Dublin-based private investment firm taking a first principles approach to long-term capital.

We acquire quality assets on a diversified basis, applying a prudent capital structure designed to navigate economic, legislative and structural cycles. Asset quality and capital discipline are not preferences. They are the conditions that determine whether a firm endures.

Our focus is Ireland’s SME succession opportunity — over 90,000 owner-managed businesses whose founders lack viable exit pathways. We deploy compassionate capital into this gap with a focus on sustainable long-term value creation, powered by proprietary dual engine AI infrastructure.

90,000+
Irish SMEs Facing Succession
3–5x
Acquisition Multiple
€500k–€2m
Target EBITDA
Our Approach
01

Micro Engine

Continuous data ingestion from industry standard databases and proprietary nontraditional sources — scoring and prioritising acquisition targets at a scale no traditional team can match.

02

Macro Engine

A domain-specific AI agent monitors macro catalysts — including legislative developments in the Houses of the Oireachtas, regulatory shifts and sectoral policy changes — in real time, identifying sector tailwinds.

03

Direct Origination

We approach owners directly — before advisors are appointed and before competitive processes begin. Our pipeline exists entirely outside of on-market sales processes.

04

Value Creation

Post-acquisition we deploy technology and operational expertise to enhance the businesses we acquire — targeting sectors structurally positioned to benefit from AI development.

Team
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Dillon Burke

Founding & Managing Partner

BComm, University College Dublin. Dillon has completed advanced studies in private equity and leveraged buyout optimisation at HEC Paris and Advanced Corporate Finance at the London School of Economics, both with First Class Honours. He founded Principia Capital to capitalise on Ireland's SME succession opportunity, developing the firm's proprietary dual engine AI infrastructure and leading all aspects of deal sourcing, execution and investor relations.

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Yash Burman

Chief Data & Quantitative Analyst

First Class Honours Master's in Finance from UCD Smurfit and First Class Honours Bachelor's from University of Delhi, 98th percentile. Yash works as an Analyst at Flo-Gas developing financial and econometric models for renewable energy portfolios, applying advanced valuation frameworks including the Black-76 option pricing model. He brings quantitative modelling for projections and scenario analysis, and scalable system design discipline to Principia Capital.

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Robert Rafanelli

Head of Macro Research

First Class Honours BSc Business from UCD Lochlann Quinn and First Class Honours MSc in Finance from Smurfit. Robert worked at Quadrant asset management in Atlanta, overseeing macroeconomic research including the US and Irish Macroeconomic reports. He brings macroeconomic perspective, research capability, and strategic thinking shaped by multiple competitive victories including the NASA Space Apps Challenge and Oxford Model UN Best Small Delegation.

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Benjamin Falkenburg

Head of Machine Learning

Mathematics and Statistics, UCD. Member of the Royal Statistical Society. Benjamin is a researcher in machine learning and mathematical modelling, consistently placing in the top 0.1% of global competitions including Kaggle. His work spans Bayesian Game Theory, Riemannian manifold analysis, and Kolmogorov complexity. He brings advanced predictive modelling capability and rigorous statistical frameworks to Principia Capital's quantitative infrastructure.

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Barry Murphy

Senior Tax & Legal Advisor

Over two decades as Partner in Legal and Tax practice at PwC London (2003–2024), specialising in complex transaction structuring, private equity fund formation, and tax-efficient structures. Now operating as an independent consultant, Barry provides transaction structuring optimisation, carried interest design, and cross-border tax planning.

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Liam McKnight

Investment Strategy Advisor

Senior portfolio manager and quant lead for Invesco's Fixed Income ETF and Indexed Strategies in London. Previously at PIMCO and RenaissanceRe. CFA charterholder with First Class Honours MSc in Quantitative Finance from UCD Smurfit. Liam provides portfolio construction guidance, quantitative modelling expertise, and scalable investment frameworks.

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Ian Higgins

Transaction & Special Situations Advisor

One of Ireland's youngest central bank-regulated CEOs, having led a €50 million private equity raise alongside €200 million debt financing. Ian managed a €60 million sales pipeline, recovered over €3 billion in debt, and structured €100 million-plus in deals across Ireland, Europe, and emerging markets. He brings deep transaction expertise and complex negotiation capability.

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Tom Dowling

Tax Advisor — PwC

Chartered Tax Adviser at PwC with a First Class Honours Bachelor of Civil Law from University College Dublin. Tom specialises in tax advisory to corporate clients and investment funds, providing acquisition and exit tax planning, compliance oversight, and management incentive structuring.

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Cian Shaughnessy

Legal Counsel — Turner Solicitors

Practising solicitor at Turner Solicitors, Dublin, with experience across civil litigation, real property, probate, and commercial transactions. Cian provides legal due diligence coordination, contract negotiation, real property matters, and general corporate legal support.

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Dara Murphy

Quantum Physics Advisor

PhD candidate in Theoretical Quantum Physics at UCD, specialising in the thermodynamics of information and energy transfer in quantum networks. Dara's research involves rigorous mathematical simulation of quantum systems and contributes emerging quantum computing insights to Principia Capital's long-term quantitative strategy.

Built on
Your Terms

The decision to sell a business you have built is rarely straightforward. Whether you are planning your next chapter, seeking a partner to accelerate growth, or simply exploring what the right transition looks like, the process deserves more than a transactional conversation.

When we acquire a business, we are acquiring something that works. Our intention is to ensure it continues to work — with the right capital behind it, the right people in place, and a long-term commitment to what you have built.

We are not driven by short fund cycles or quick exits. We take positions we intend to hold, and we take the time to understand what matters to the people behind the business — not just the numbers in front of us.

If you are considering your options and want a straightforward conversation with people who will take your business seriously, we would welcome the introduction.

Every conversation begins in confidence. There is no obligation and no pressure — simply an open discussion about whether there is a fit. We have found that the right transactions begin not with a term sheet but with a conversation between people who understand what is at stake on both sides.

Contact

Let us discuss
the opportunity

Fitzwilliam Square, Dublin 2

or email directly →