Lender to get veto rights in Blackrock Clinic battle
Loan offered by HIG to Sheehan carries 20% interest rate
A US private equity group has attached stringent conditions to a €50 million loan offered to the businessman at the centre of the battle for control of the Blackrock Clinic.
The loan offered by HIG Capital to Blackrock shareholder Joe Sheehan carries a 20 per cent interest rate.
HIG would be entitled to 15 per cent of the proceeds of any sale of Blackrock or Galway Clinic after the debt is cleared, as ...
