Donegal-owned KN Group, valued at €200m, set to be sold

first_imgThe Donegal-owned KN group is reportedly being readied for a sale.The Sunday Times this week reported that KN CEO Donagh Kelly, who hails from Frosses, has hired advisors to work on a sale or a recapitalisation with the company valued at up to €200m.KN are said to have appointed Clearwater to consider its strategic options. The Kn Group are leading providers to the Telecommunications, Transport Infrastructure and Power Sectors in Ireland, UK and internationally. The count the likes of Eir, Vodafone, BT, Virgin, ESB, Sky and the London Underground as customers.KN Group employs over 2,500 people and had sales of €231m in the year ending February 2017. Pre-tax profits in that accounting year stood at €10.4m, a rise of 31 per cent from the previous 12 months.Sources have told the Sunday Times that KN has resisted the possibility of a sale following interest from international private equity groups.Kelly owns 60 per cent of the company which is the main sponsors of Donegal GAA and Finn Harps.  Kelly is also one of Ireland’s leading rally drivers. Donegal-owned KN Group, valued at €200m, set to be sold was last modified: July 2nd, 2018 by Chris McNultyShare this:Click to share on Facebook (Opens in new window)Click to share on Twitter (Opens in new window)Click to share on LinkedIn (Opens in new window)Click to share on Reddit (Opens in new window)Click to share on Pocket (Opens in new window)Click to share on Telegram (Opens in new window)Click to share on WhatsApp (Opens in new window)Click to share on Skype (Opens in new window)Click to print (Opens in new window)last_img read more

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