Creditors agreed to the wind-up of the companies, which owe millions of euro. Meanwhile, a separate row between McKillen Jr and his property lender Relm is escalating in the High Court.
Cool Cat Plant Services has acquired Tank Environmental less than two years after its takeover by Emmet O’Neill and Matt Ryan.
Four non-trading companies that were once part of the Press Up and Oakmount group have gone into liquidation with debts of €15 million. Over the last 18 years companies within the group paid €200 million in taxes and over €550 million to staff and suppliers.
The examiner's survival plan imposes a €60m haircut on creditors of the former Press Up company but secures jobs at some of Dublin's best-known bars and venues.
The Eclective company founded by Paddy McKillen Jr has been under court protection since May this year. The new investor and secured creditor are "effectively in situ” and the business is running, the court heard.
The examinership process for the former Press Up venues goes "full steam ahead" following resolution of leasing issues, the High Court was told today.
Paddy McKillen Jr sued the receivers appointed to the Star Bar on Baggot Street on Thursday. Now he is suing them in relation to three more companies related to serviced office business Grafter.
Founded in 1971, the company which operates Captain Americas on Grafton Street has had an interim examiner appointed. Over the decades, it hosted U2 and Chris de Burgh.
Experienced private company and tax accountant Mike Gaffney has joined the board of the Dublin-centred hospitality group formerly known as Press Up.
The full financial picture of the heavily indebted Dean Hotel Group at the time of its majority acquisition by international investors is now available.
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