Exclusive: Vulture funds swoop on small businesses around the country
Sources reveal huge upsurge in activity from Cerberus and CarVal
Hard-pressed businesses are coming under increasing pressure as overseas private equity firms begin to move against deeply indebted Irish companies, a Sunday Business Post analysis has revealed.
The analysis of company documents shows that the most active funds in the last month were US private equity giants Cerberus, which controls $30 billion of assets, and CarVal, which has assets worth $10 billion.
Both funds initiated four receiverships in the last month, with Goldman Sachs moving against three...
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EY reports €393m revenues in Republic of Ireland for 2021 financial year
Revenues in the Republic increased 9.5 per cent for the year up to June 2021 to €393 million, up from €359 million in the previous year