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Dozens of well-heeled Irish investors, including family members from Businesses and well-established families are online for a share of the £ 2,5bn potential sale of Barchester Healthcare, Independent.ie learned.
Dermot Desmond, John Magnier and JP McManus have long supported the group of British retirement homes. This week, they appointed advisors to evaluate the options, including a possible sale.
Grove Investments, shows a wider shareholder register that also includes the family behind Brennan's Bread, the former meat mogul, Paschal Phelan, and the companies nominated for Davy and Goodbody.
Charlie McCreevey, the former finance minister is a director of Grove but she is not registered in the register of shareholders.
However, the list – as of December 31, 2017 – includes a number of trust companies, including entities listed in Jersey.
Former Ceann Comhairle and Fine Gael TD Sean Barrett as a shareholder. Like many of those enrolled, he has long been interested in the horse racing industry – in the case of Sean Barrett's Bloodstock Insurances.
The law firm William Fry also has a link to the registry via Lower Mount Ltd, a candidate vehicle set up to hold shares in trust for the law firm's clients
Chris McHugh, a Kilkenny-based businessman and former chief financial officer at NCB Stockbrokers, is also a shareholder.
Entities related to Dermot Desmond's IUI are on the register with vehicles related to Mr. McManus and Mr. Magnier.
The tycoons of the race are joined by a number of other personalities from the blood industry, including John Nagle of Barronstown Stud, founded in 1980 by famed horse breeders David and Diane Nagle . Grove's directors who own shares are Eddie Irwin, Coolmore Stud's CFO, and Barchester founder and former CEO Mike Parsons. Dr. Peter Calveley, who took the lead in 2014 after Mr. Parsons retired, owns an interest in Grove, as does another director, Dr. Mark Hazelwood
John Hegarty is director and holds an interest in the group.
Documents filed at the Companies House of Jersey last summer show that the Grove register is divided into a two-clbad share structure with ordinary shares and clbad B shares, which only hold no voting rights.
Barchester operates more than 200 11,000 seniors and employs 17,000 people
The decision to raise a sales sign on the group comes as other players in the sector in the UK, including Care UK and HC-One, have been put on the market. 19659004] Four Seasons, owned by Guy Hands' firm Terra Firma, is being taken over by its creditors H / 2 Capital Partners, a US-based hedge fund.
Move to appoint financial advisors, JPM Grove's latest business turnover rose 5.4 pc to 572.7 million pounds in 2016, with Barchester being the main driver of its sales figure. ;business.
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