Investment firm Kouchin Holdings increase stake in Lovin Media Group, buying out founder
Investment firm Kouchin Holdings have increased its stake in Lovin Media Group, by acquiring the stake of founder Niall Harbison.
The firm, owned by entrepreneur Emmet O’Neill, have now increased their stake to 85pc.
The deal now values the online published at approximately €3m.
Kouchin, which first invested in Lovin Media Group in 2014 made the investment by acquiring the final 33pc stake in the business.
Mr Harbison has now left the company which he set up in 2011.
This transaction follows the appointment in March of Jamie Crawford as CEO of the Group.
Mr Crawford is an experienced media professional and was CEO of Spin 1038 and SPIN South West for nine years.