The pet care division of the US food multinational Mars spent €40m acquiring Irish veterinary practices last year. Meanwhile, Cerberus is using Ireland to acquire large amounts of distressed debt in Spain, while a privacy campaigner has issued proceedings against LinkedIn.
The online recruitment firm Indeed recently relocated more of its business to Ireland. So, how big an impact has the reorganisation had on its Irish performance? How much money flows through its Dublin offices? And how much are the 1,242 employees at its main Irish company paid?
The current tech rout comes after LinkedIn Ireland posted another set of healthy results, prompting its owner Microsoft to extract massive value from the company. Meanwhile, more aircraft lessors are suing their insurers over planes seized by Russia, while separate new High Court proceedings pit major state bodies against international partners.
Stripe, led by John and Patrick Collison, has continued to boost the balance sheet of its Irish subsidiaries. Meanwhile, travel software firm Roomex has reported results, while finance house LeBruin Private has recorded a loss.
The specialist Irish insurance company said it asked its lender to appoint a receiver to ensure customers were looked after as it winds down its operations over the next 12 months.
Decawave was bought for $400m two years ago. New financial data reveal how it has performed since and what it is planning next. Meanwhile, accounts for Lonely Planet, Bennett Construction, and the Caulfield McCarthy Group show how different sectors of the economy are dealing with the pandemic.
A New York-listed pharmaceutical multinational is seeking approval from US courts to emerge from a crushing pile of debt and litigation. The next steps will play out in the High Court in Dublin, where the firm is formally registered and owns billions of dollars' worth of intellectual property.
Led by Fyffes scion Chris McCann, XS Direct wrote €117m of premiums in 2020. However, it has struggled in recent years, resulting in a hefty 2020 loss and a recent redundancy programme. It has now ceasing renewals for both direct customers and brokers in Ireland.
The Irish-owned single parent online community Frolo has raised seed capital in London and Pinergy saw revenue and gross profit grow, reducing pre-tax losses – but among other businesses filing this week, Bono's sustainable fashion brand and the former PolarLake had less positive news.
Cerberus has been one of the most active vulture funds in Ireland since the financial crash. But with Covid impacting debt collections, a key Irish subsidiary has been deep in talks with Deutsch Bank over a debt extension.
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