The decision by business services group Siteserv to grant billionaire businessman Denis O’Brien exclusivity in a deal to buy it in February 2012 was “tainted by impropriety” and therefore “not commercially sound”, the Commission of Investigation into the Irish Bank Resolution Corporation (IBRC) has found.
The sale of building services group Siteserv in 2012 was a relatively small deal in monetary terms, but a big deal politically because of how it was transacted and who was involved.
Most people have heard of venture capital. The private equity funders of startup companies have an almost mythic status in commercial culture, especially in cutting-edge high-growth sectors like technology and life sciences.
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