Hi °C | Lo °C
An Irish breast-implant company, GC Aesthetics, has tapped up its wealthy backers for nearly €10m in funding to help expand the fast-growing business.
GC Aesthetics, which is backed by software tycoon Bill McCabe's Oyster Technologies and the private-equity group Montreux, issued €2m in loan notes to investors in May and rolled out another €7.5m such offer in July.
Two years ago, Montreux Equity Partners Llc invested €23m into the Irish company, which designs, manufactures and distributes breast implants and medical devices.
GC Aesthetics is becoming a major player in the breast-implant industry following its acquisitions of the Nagor and Eurosilicone brands.
The company is also backed by Tony Barry and the Cork-based Barry's Tea empire, along with the former AIB executive and Sherry Fitzgerald director Walter Coakley.
