Barry O'Callaghan's educational publishing firm Riverdeep has almost trebled in value to more than $1 billion in the 18 months since it went private in a controversial management buyout (MBO).
The increased value means that O'Callaghan, the firm's chief executive, and Pat McDonagh, its founder, each hold stakes that are worth about $330 million. Each of them owns 33 per cent of Riverdeep, which will have earnings of between $65 million and $70 million this year.
Publishing companies are valued at...
Subscribe from just €1 for the first month!
All Digital Access + eReader
Unlimited Access for 1 Month
Then €19.99 a month after the offer period.
€149 For the 1st Year
Unlimited Access for 1 Year
90 Day Pass
Unlimited Access for 2 Years
Get a Business Account for you and your team