NPRF-backed fund takes control of Lily O'Brien's

A special SME equity fund, in which the National Pension Reserve Fund is a main shareholder, has taken a majority stake in luxury chocolate manufacturer Lily O'Brien's.

26th January, 2014

A special SME equity fund, in which the National Pension Reserve Fund is a main shareholder, has taken a majority stake in luxury chocolate manufacturer Lily O'Brien's, The Sunday Business Post has learned.

It is understood that a deal has been agreed to sell a majority stake in the company to Carlyle Cardinal Ireland (CCI), a €300 million private equity fund set up a year ago to invest in healthy Irish businesses seeking to grow.

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