Wednesday 16 August 2017

Former AIB banker Daly (57) set up specialist financial house Avoca in 2002.

Private equity group KKR spent around €80m buying the firm in 2012 as part of a share deal. US filings show that the Castleknock financier had 1.73m KKR shares. KKR's stock has tumbled over the last year, with those shares now worth €23m.

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