Food packaging technology start-up Senoptica had signed a term sheet with WakeUp Capital to raise €2.25 million to invest in the business last June but the deal “collapsed” after the company was unable to reach agreement with its loan-note holders Boole Nominees Ltd. Brendan Rice, the chief executive and co-founder of Senoptica, revealed how this deal forms what he claims is the background to last week’s appointment of an interim examiner to the business on an ex parte basis by loan-note holders to his company. Rice said in an affidavit: “There is a direct causal link between the company’s insolvency…

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