Friday April 10, 2020

Lloyd family turns to Close Brothers for dough for Irish Pride deal

Close Brothers, the London investment bank, is financing the buyout of the bakery group Irish Pride by the Dublin-based Lloyd family.

27th April, 2014

Close Brothers, the London investment bank, is financing the buyout of the bakery group Irish Pride by the Dublin-based Lloyd family.

The deal closed late last week, with the Lloyd family agreeing terms to buy the bakery from One51, the investment group. The price is understood to be around €6 million, plus a performance-related element of up to €2 million.

The Lloyd family, which controls the Diacom telephony group, is putting up equity to part...

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