The purchase of the retail and commercial business of Shell by a consortium led by Ion Equity marks the arrival in the big time of the corporate finance house founded in 2000.
Neil O'Leary and Joe Devine, the founders of Ion, identified the deal, formed the Topaz consortium that included Emo Oil and took “a chunk'‘ of the equity in the firm, according to industry sources.
The terms of the deal were not disclosed,...
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