Desmond fund backs Regency refinance

Broadhaven Credit Partners, the Dermot Desmond- and Bain Capital Credit-backed fund, has backed the McGettigan family in successfully regaining control of Dublin’s Regency Hotel.

The McGettigans, with the support of Broadhaven, have refinanced the Regency’s debts of about €25 million at par, allowing the north Dublin hotel to successfully exit examinership last week.

The well-known hospitality family are understood to be now working on an investment ...