Doyle family shows interest in deal

19 September 2005
Doyle family shows interest in deal

A consortium containing members of the Doyle family has approached the directors of Jurys Doyle Hotel Group about making a possible offer for the company.

The group is made up of Eileen Monahan, Ann Roche, Bernadette Gallagher, Walter Beatty and Elizabeth Nelson, who have between them a shareholding of 42.3% in the company.

Any deal would value Jurys Doyle at not less than €18.90 (£12.72) a share. The consortium has appointed Goldman Sachs International as advisers.

Jurys is holding an extraordinary general meeting on 27 September to vote on whether to except property developer Sean Dunne's £260m (£180m) offer for its Dublin Ballsbridge site.

Dunne himself has been linked with supporting a bid for the entire company and currently has a 27% shareholding.

Last month Precinct Investments declared it was ending its four-month courtship of the hotel group, despite finding a new backer for its provisional $1.1b (£750m) offer.

However deal partners the Rubens Brothers have yet to rule themselves out of making a bid.

by Chris Druce

The Caterer Breakfast Briefing Email

Start the working day with The Caterer’s free breakfast briefing email

Sign Up and manage your preferences below

Check mark icon
Thank you

You have successfully signed up for the Caterer Breakfast Briefing Email and will hear from us soon!

Jacobs Media Group is honoured to be the recipient of the 2020 Queen's Award for Enterprise.

The highest official awards for UK businesses since being established by royal warrant in 1965. Read more.


Ad Blocker detected

We have noticed you are using an adblocker and – although we support freedom of choice – we would like to ask you to enable ads on our site. They are an important revenue source which supports free access of our website's content, especially during the COVID-19 crisis.

trade tracker pixel tracking