Mercury brings Capnua on board for management buyout bid
• Management of €100 million company may team up with potential bid partner • Team to face competition from range of international rivals and private equity giants
Management at Mercury Engineering, one of Ireland’s largest contractors, has hired Dublin corporate finance group Capnua to raise debt to fund a bid for the €100 million valued business.
The management team, led by chief executive Eoin Vaughan, wants to fund their bid through a mix of debt and mezzanine finance, and has instructed Capnua to source the funds.
It is understood that a number of debt providers are being considered, including Bluebay...
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