Taking the MBO route to success
When Belgian ICT services and solutions company Telindus announced it was to pull out of Ireland in mid-2011, Darragh Richardson and his fellow management colleagues at the Blanchardstown-based company were faced with two options.
When Belgian ICT services and solutions company Telindus announced it was to pull out of Ireland in mid-2011, Darragh Richardson and his fellow management colleagues at the Blanchardstown-based company were faced with two options.
“We were told we could take up positions at the company’s UK office and the business here would be sold, or we could come together and try to secure a management buy-out,’’ said Richardson.
Six of the former management ...
