Davy staff look to block sale of firm to private equity bidders
Employees fear a private equity firm will sell off less profitable sections of the stockbroker, while three members of the Davy 16 group are contesting their inclusion as defendants in a new legal case over the Anglo bond sale
Significant divisions have emerged among shareholders in Davy and among the so-called Davy 16 group, the Business Post can reveal.
As the sale process for the firm continues, it has emerged that a significant number of shareholders who still work at the stockbroker are opposed to it being sold to a private equity buyer over fears it may break up the business.
A split has also emerged within the group of 16 former Davy employees ...