Tom Lyons

2 days ago | thecurrency.news | Tom Lyons

It was a warm introduction from existing investor Khosla Ventures, a venture firm set up by Vinod Khosla, the billionaire founding chief executive of Sun Microsystems, that led to the Wexford-born chief executive of Realta Fusion talking to Future Ventures. Kieran Furlong was raising a series A round for Realta Fusion, an energy start-up exploring nuclear fusion, and Steve Jurvetson, the billionaire co-founder of Future Ventures, was interested in finding out more.

6 days ago | thecurrency.news | Tom Lyons

Lawyers for Kieran Wallace, the Interpath liquidator appointed to Wenning Holdings, an Irish entity beneficially owned by wealthy American investor Mary Wenning, are to be allowed to cross-examine Jeff Leo, a former Morgan Stanley broker disbarred by the US financial regulatory authority in 2010. Barrister Kelley Smith, acting for Interpath, will also be able to cross-examine Colm Malone, the Wenning company’s former auditor.

1 week ago | thecurrency.news | Tom Lyons

Instrotec, a specialist electrical and instrumentation contractor that employs 480 people, faced an “exceptionally challenging” period in the first quarter of this year as three large projects all became loss-making. An independent expert report (IER) by accountant Cormac Mohan of Fitzwilliam Corporate was sent to creditors of the business in recent days, giving further insight into why the Westport headquartered business sought interim examinership last week.

1 week ago | thecurrency.news | Tom Lyons

The Workman’s Club Ltd (WCL), a hospitality company behind 12 venues in Dublin, has applied to go into examinership on foot of guarantees of €10 million that were put in place several years ago without the knowledge or approval at the time they were put in place of its secured lender Cheyne Capital. The guarantees were revealed as PwC accountant Declan McDonald was appointed interim examiner to the company today at a hearing in front of Judge Eileen Roberts.

1 week ago | thecurrency.news | Tom Lyons

SwiftComply, the Irish-founded software platform for water compliance, has made its first two acquisitions since Boston-based venture and growth stage investment firm M33 Capital backed the business in January at a $40 million valuation. The acquisitions according to SwiftComply will help it achieve its “mission to unify regulatory compliance programs on a single platform for water utilities across North America”.