Legal

Workhuman set for legal battle over alleged blocking of ‘transformative’ acquisition

Irish unicorn alleges in court documents that a London-based investor is blocking a potential deal involving a competitor

Eric Mosley, chief executive of Workhuman, said the proposed acquisition would have been ‘transformative’ for the business. Picture: Fergal Phillips

In January 2021, nearly three years before a battle would land in the High Court between Workhuman and its investors, there was upbeat talk that a potentially transformative deal was in the offing for the Irish HR tech firm.

Bernie Coady, managing director of Intermediate Capital Group plc (ICG), a London-based private equity firm which holds a 10 per cent stake in Workhuman, allegedly messaged Barry Maloney, chairman of the Irish unicorn, about a possible ...