Mick Crean News Today : Breaking News, Live Updates & Top Stories | Vimarsana
Stay updated with breaking news from Mick crean. Get real-time updates on events, politics, business, and more. Visit us for reliable news and exclusive interviews.
Top News In Mick Crean Today - Breaking & Trending Today
Micksgarage founders complete partial MBO Ulster Bank backs buyout of some private investors about 3 hours ago
Mick and Ciarán Crean, the twins who run online retailer Micksgarage, have completed a partial management buyout to almost double their stake in the business to 75 per cent. Ulster Bank has provided funding to the Mayo-born duo to buy some out of the blue-chip shareholders of the business, which ostensibly focused on selling car parts and accessories but which has branched into other product lines in recent years. The business was founded in 2004. The transaction will take out 40 per cent of the outside backers of the company. Shareholders including Breon Corcoran, the former chief executive of Paddy Power Betfair, former building supplies magnate Michael Chadwick, and Bank of Ireland chairman Patrick Kennedy will remain involved, it is understood. ....
Micksgarage founders complete partial MBO, almost doubling stake Ulster Bank backs buyout of some private investors Thu, May 13, 2021, 13:36 MICKSGARAGE PRINT
Mick and Ciarán Crean, the twins who run online retailer Micksgarage, have completed a partial management buyout to almost double their stake in the business to 75 per cent. Ulster Bank has provided funding to the Mayo-born duo to buy several blue-chip shareholders out of the business, which is ostensibly focused on selling car parts and accessories but which has branched into outdoors and lifestyle products in recent years. The opportunity to do the transaction arose after financial institution Investec, from which the brothers had raised €1.5 million in 2016, told them last August that it planned to sell its stake. The Creans engaged corporate financier Conor Sheehan of CKS Finance to help them look at finance options and decided to buy it themselves. ....