Financier Dermot Desmond and Cork venture capital house Kernel Capital have agreed to provide short-term finance to Intune Networks, in the hope that a receiver can find a buyer for the heavily-insolvent technology firm.
Intune, which has raised more than €60 million from a string of heavyweight investors, was placed into receivership last week, when a number of its backers called in their loans.
However, it has emerged that Kernel and Desmond's investment vehicle, IIU,...
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