18 November 2007
By Gavin Daly
The founders of Ion Equity, the Dublin finance house that owns a range of businesses including Shell and Statoil, have sold shares in the business to their staff for the first time.
The firm has issued stakes to some of its investment staff in Dublin and London, including directors Patrick Hogan, David Fewer and Alex Noton.
Ion’s founders, Neil O’Leary, Ulric Kenny and Joe Devine, still own about 80 per cent of the business.
It is understood that the firm was keen to reward and keep its investment staff. The staff have previously shared equity in some deals completed by Ion, whose interests include travel firm Usit, Shell and Statoil in Ireland and alternative energy and outsourcing firm SWS. read more
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