Friday May 29, 2020

Swiss investment fund to take on McCabe Builders’ debt

McCabe Builders, one of the country’s biggest building firms, has struck a deal with a Swiss-based investment fund that will take on its significant debt pile.

17th July, 2010

McCabe Builders, one of the country’s biggest building firms, has struck a deal with a Swiss-based investment fund that will take on its significant debt pile.

Western Gulf Advisory (WGA) has an option to acquire 50 per cent of McCabe as part of the £300million strategic investment deal.

WGA, which is owned by Indian entrepreneur Ashan Ali Syed, will inject working capital into the construction group and has also agreed to take on...

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