The family of Limerick-based entrepreneurs Hugh and Finola O’Donnell stands to reap the largest benefits from the majority takeover announced in recent days for high-tech electrical contractor H&MV Engineering in the county. London private equity firm Exponent said this month it would buy out all non-management shareholders. Meanwhile, H&MV’s chief executive PJ Flanagan and the company’s chief operations officer John Stokes “will remain significant shareholders, re-investing alongside Exponent and the rest of the management team,” Exponent announced. According to details released by the Competition and Consumer Protection Commission, which has yet to approve the deal, a subsidiary of Exponent will…
Cancel at any time. Are you already a member? Log in here.Want to read the full story?
Avail of our special offer and access this piece – and everything else on The Currency – for one month for just €1.