CapVest saddles up for another deal: Seamus Fitzpatrick led PE fund on cusp of closing €50m Carroll Cuisine deal
CapVest is close to buying Carroll Cuisine, the Tullamore-based producer of cooked ham and ready meals, for €50 million. This is very much part of CapVest's M.O. – it's in the business of building giant food companies by acquisition. How will the deal work, and who'll benefit?
Ireland’s insurance exodus: Now Liberty pulls out of commercial liability and development bond market leaving businesses scrambling for cover
250 insurers have left the Irish market in the last six years – 117 in the last two. Liberty's announcement fits into the narrative of a contracting market. Small businesses are among the hardest hit.
Irish companies have ordered €50bn worth of the grounded Boeing 737 Max. Who’s hurting most?
The 737 Max has been grounded since March 2019, after two fatal crashes. Irish aircraft lessors and airlines have committed to buying 1,070 of them. Every day the planes and the factories sit idle, companies are losing money, and share prices are slipping.
There’s a land-grab for the $8.3bn US sports betting market, and so far Paddy Power is winning it
The US Supreme Court legalised sports betting in 2018. Now there’s a race between European bookies and American casinos to seize control of the soon-to-be-enormous market. Thanks to a canny acquisition in 2018, Flutter (better known in Ireland as Paddy Power) is in an early lead
Huckletree’s Andrew Lynch on the pressure to grow, keeping investors happy — and going toe-to-toe with WeWork
Dubliner Andrew Lynch is the chief operating officer of Huckletree, a network of co-working spaces in the UK, Ireland and Norway. He discusses the chemistry of co-working spaces, the pressure to grow, and getting 'booted around' by WeWork.
The world’s biggest private equity buyers were busy in Ireland last year
The Consumer Protection and Competition Commission’s data for 2019 shows private equity played an outsized role in Irish mergers and acquisitions. Overseas private equity investors are snapping up Irish assets in the healthcare, sports, aviation and property industries.
Ugandan intrigue: the €250m project, the Comer brothers and the 1,750 homeless families
Lennox Lewis introduced the Comer Brothers to President Museveni of Uganda. The result was an ambitious plan to develop a new city outside Kampala. More than a decade on, the scheme has stalled and is now mired in legal action. Just what happened to the Irish development firm in Uganda?
Pubs, property and Press Up: Unlocking the real business model of the ubiquitous hospitality group
Press Up’s 2018 accounts show a company with the pedal to the floor, with revenues up by 22 per cent and headcount up 63 per cent. Yet the company made very little profit. After it pulled a proposed partial sale, what does the future hold for the group?
Sean Keyes: Germany’s strange neurosis about central banking is a threat to Ireland, and Europe
For historical reasons, Germans refuse to countenance loose monetary policy. Now they’re trying to exert their influence on Christine Lagarde, the ECB’s new head. That’s a big threat to the rest of the eurozone.