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

Barry J Whyte

Chief Feature Writer @whytebarry
31st January, 2021
Nephin Whiskey facing nearly €1.8m funding shortfall that could threaten its future, financial backer warns
Paul and Jude Davis, co-founders of Nephin Whiskey, at their cooperage in Kilbeggan in Co Westmeath Picture: Barry Cronin

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...

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