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...
Subscribe from just €1 for the first month!
All Digital Access + eReader
Unlimited Access for 1 Month
*New subscribers only
€149 For the 1st Year
Unlimited Access for 1 Year
90 Day Pass
Unlimited Access for 2 Years
Get a Business Account for you and your team
Tom Maguire: Tax changes we make now could help business for years
The way we did business a few months ago may never return – so the opportunity is to make changes that will both aid recovery and set us up well for our new futures