independent

Wednesday 16 April 2014

Boob job firm gets a €10m uplift

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.

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