Saturday 16 December 2017

Barry Maloney all out of Figleaves

Nick Webb

Nick Webb

BARRY Maloney's Balderton Capital investment group has sold its stake in online lingerie retailer as part of a near-€15m deal.

It is thought that Balderton had a 30 per cent stake in the business, one of the largest internet lingerie firms working from the UK.

Rival firm NBrown bought the firm earlier this month.

Maloney's firm has banked vast profits from the sale of stakes in Bebo and is rumoured to possibly now be looking to float the €250m Irish telco Openet.

Sunday Independent

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