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Full coverage: Debt

10 years a vulture – part 2: The volatile Irish returns from Cerberus’s European debt empire

A decade on from early deals in the UK, the US vulture fund’s tax-efficient Irish subsidiaries have hoovered up bad debt from Germany to Cyprus. But how profitable are they?

Thomas Hubert
5th Feb, 2025 - 8 min read

Younger and newer markets for beauty injections: “It’s attractive to PE as it’s a nice formula”

Sisu now has 25 cosmetic clinics in Ireland, the UK and the United States. After raising $15m in venture debt, its co-founders explain how the next stage will be to take in private equity backing.

Tom Lyons
9th Jan, 2025 - 5 min read

McManus-backed lender’s Irish unit lent €80m in first year. An in-house broker is next

Novellus’s Irish office is driving the growth of the billionaire family’s UK-headquartered finance business. An in-house broker is coming next.

Thomas Hubert
8th Jan, 2025 - 3 min read

Goulding settles debt case against McKillen Jr company

The dispute was resolved as other Oakmount subsidiaries continue to dispose of assets and face demands from creditors.

Thomas Hubert
14th Nov, 2024 - 2 min read

Soaring revenue and profit erased by costly debt: How the Dean Hotel group performed before its sale

New financial information for the core part of the hotel business now separated from Press Up reveals both strength and the need for its eventual refinance.

Thomas Hubert
7th Nov, 2024 - 2 min read

Kroll appointed as receiver over Oakmount’s Bray development

The Bray Central shopping centre and entertainment venue is the latest property to face enforcement by lenders to the property arm of Paddy McKillen Jr's business.

I. Kehoe and T. Hubert
6th Nov, 2024 - 2 min read

Lender moves in on Oakmount’s £10m Birmingham hotel site

Receivership and legal action mark the latest developments in Paddy McKillen Jr’s debt challenge.

Thomas Hubert
5th Nov, 2024 - 2 min read

Dunnes pays well above guide price for Oakmount site

The deal will help Paddy McKillen Jr reduce his debt exposure and provides the retailer with a valuable mixed-use development opportunity.

Thomas Hubert
25th Oct, 2024 - 1 min read

Ukraine is getting a $50bn loan backed by Russian assets. Why and how?

All pieces of the puzzle have just fallen into place to fund the Ukrainian war effort for another while, the top US diplomat in Europe explained in Dublin.

Thomas Hubert
24th Oct, 2024 - 2 min read

Less than two years in, NBI’s new shareholders collect over €30m in dividends

As the contractor to the National Broadband Plan reaches more rural customers, the resulting cash flows allows it to repay investors led by Spanish firm Asterion.

Thomas Hubert
18th Sep, 2024 - 3 min read
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