John Tracy, the former chief executive of Trinity Venture Capital, has emerged as the backer of the €14 million rescue deal for the Cara Pharmacy Group. Tracy, who was responsible for investments in over 30 companies, three IPOs, and the sale of over 20 companies to US, UK, Israeli and European buyers, is partnering with the former CEO of the McCauley pharmacy chain Patrick McCormack to buy out Cara from examinership. Creditors met in recent days to sign off on the scheme of arrangement prepared by the examiner, PwC restructuring partner Ken Tyrell. The scheme will now be brought to…

Want to continue reading?

Introductory offer: Sign up today and pay €200 for an annual membership, a saving of €50.

Subscribe

Cancel at any time.

Are you already a member? .