Nephin Whiskey facing nearly €1.8m funding shortfall that could threaten its future, financial backer warns
Letter from investment fund BES Management outlines its ‘concerns in respect of several matters’ relating to Nephin
Nephin Whiskey company is facing a nearly €1.8 million funding shortfall that could threaten the future of the business, according to a warning letter from one of its main financial backers.
The letter, which has been seen by the Business Post, came from BES Management, an investment fund controlled by Davy stockbrokers and BDO, and outlines its “concerns in respect of several matters” relating to Nephin.
The fund’s directors include former Davy chief...
Subscribe from just €1 for the first month!
All Digital Access + eReader
Unlimited Access for 1 Month, €19.99 Monthly thereafter
*New subscribers only
€149 For the 1st Year
Unlimited Access for 1 Year
90 Day Pass
Unlimited Access for 2 Years
Get a Business Account for you and your team
Kerry Group pulls out of €700m joint venture talks with Kerry Co-op
Bid by farmers’ co-op to buy 60 per cent of company’s dairy business fails
Lakeland Dairies reports double-digit growth in profits
The farmer owned dairy co-op recorded a 27 per cent increase in operating profits in 2020 despite the challenges created by the pandemic