The experienced business executive Patrick Sheehan is working with the Press Up group to advise the business and its principal lender, Cheyne Capital, on its options. Cheyne, a London-based alternative investment fund, is owed more than €45 million by companies within the Press Up group. Sheehan has joined the hospitality group, which expanded rapidly to become one of the largest in the state, in the role of chief restructuring officer. He is part of a small team within the bar and restaurant operator tasked with figuring out the future of the business. A key part of the team’s remit is…
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