The €6.6 million buy-out went through last year. Boutique Irish equity fund Duke Capital took over the successful freight and logistics group Independent Express Cargo (IEG). Tied into the acquisition of the west Dublin business was IEG’s majority stake in distribution service the Pallet Network, which describes itself as “the number one freight distribution service for palletised goods in Ireland”. At the time of the sale, the freight distributor was in rude health. Founded in 1983 by former EY Entrepreneur of the Year finalist Owen Cooke, IEG grew to employ over 70 staff and had annual revenues of up to…

Join The Currency

INTRODUCTORY OFFER: Full annual membership for just €200.

Don’t miss out on what is going on with our daily unique stories from our team of skilled journalists and insightful commentators.

Members of The Currency get full access to over 4,000 exclusive interviews, investigations, and analysis, plus over 460 podcasts.

Annual membership is just €200 for the first year, a saving of €100.

Or try The Currency for the first month for a special introductory rate of €5, a saving of €20.

Cancel at any time.

To become a member today click here.