Debt collector turned vulture fund Cabot Financial has been growing its Mediterranean business out of Dublin, illustrating the wider trend among US distressed debt investors to use Ireland as a base for European portfolio securitisation.
The “Spanish Warren Buffett” sparred with Aryzta Chairman Gary McGann at the Irish-Swiss food giant’s 2018 AGM and narrowly lost an €800 million shareholder vote. Francisco Paramés is on the attack again with a new ally – and little left to lose on his Aryzta investment.
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