Sunday March 29, 2020

Dermot Desmond in €10m funding lifeline for Datalex

Desmond is a long-time investor in Datalex, which develops software for airlines, and controls about 28 per cent of its stock

Ian Guider

Markets Editor

@ianguider
12th March, 2019
Dermot Desmond has already provided €6 million to Datalex this year

Software company Datalex is in talks to raise €10 million in funding from its largest shareholder Dermot Desmond.

The company said in a statement that it was seeking to raise €3.9 million through a share subscription by Desmond’s investment company IIU Nominees at €1 a share. It is also in discussions with IIU about a further €6.1 million loan facility.

“While discussions are at an advanced stage, there can be no certainty that...

Subscribe from just €1 for the first month!

Exclusive offers:

All Digital Access + eReader

Trial

€1

Unlimited Access for 1 Month

Then €19.99 a month after the offer period.

Get basic
*New subscribers only
You can cancel any time.

Annual

€200

€149 For the 1st Year

Unlimited Access for 1 Year

You can cancel any time.

Quarterly

€55

€42

90 Day Pass

You can cancel any time.

Team Pass

Get a Business Account for you and your team

Related Stories

What’s coming up today and what you might have missed

Hannah O’Brien | 3 months ago

What’s coming up today and what you might have missed.

Hannah O’Brien | 3 months ago