First Equity investors asked to forgo dividends

The backers of First Equity Group, a Dublin private equity firm that went into examinership earlier this month, will be asked to forgo any return on their investment as part of proposals being drafted to save the business.

31st January, 2009

The backers of First Equity Group, a Dublin private equity firm that went into examinership earlier this month, will be asked to forgo any return on their investment as part of proposals being drafted to save the business.

More than 400 individuals and institutions have invested in the firm, which is managing projects worth about €1billion, including a development in Beverly Hills and an indoor ski slope in England. It sought High Court bankruptcy protection...

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