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BUSINESS NEWS
KILCULLEN COMPLETES SBP ACQUISITION Kilcullen Kapital Partners has today completed the acquisition of The Sunday Business Post. Kilcullen is led by entrepreneur Enda O’Coineen who is a former journalist and publisher. He has created, invested in and led various businesses in Central and Eastern Europe where he has been based. The transaction saw the acquisition of Post Publications Limited (PPL) from Sunrise Media. PPL owns The Sunday Business Post together with a number of ancillary operations which are included in the transfer. Siobhán Lennon will continue as chief executive of The Sunday Business Post – a role she was first appointed to in 2016.
HONG KONG AND IRELAND SIGN
GREEN FINANCE AGREEMENT
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Daniel Mackey and Peter Coppinger, founders of Teamwork
CORK DUO NAMED
EY ENTREPRENEUR OF THE YEAR Daniel Mackey and Peter Coppinger, co-founders of SaaS company Teamwork, were named winners of the EY Entrepreneur Of The Year for 2018. Now in their 21st year, the awards, which took place in Dublin on October 25th, attracted more than 1,500 business leaders from across Ireland to celebrate the achievements of the 24 finalists. The 2018 finalists collectively employ more than 2,700 people and last year generated revenues in excess of a150.3 million. Headquartered in Cork city, Teamwork.com has been in business for 11 years. The company was founded by developers Peter Coppinger and Daniel Mackey and today, it has 22,000 paying customers across 183 countries, employs 200 people and has a remote workforce in 15 countries. Mackey and Coppinger will now go on to represent Ireland at the World Entrepreneur Of The Year Awards in Monte Carlo in June 2019, where they will compete with more than 60 leading entrepreneurs from around the world. InBUSINESS | Q3 2018
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ong Kong’s Green Finance Association (HKGFA) and Sustainable Nation Ireland (SNI) have signed an agreement which will see them collaborate closer on various green finance matters of mutual interest. Mobilising the world’s financial centres is an important step in making progress on climate change and sustainable development. The Memorandum of Understanding (MoU) was signed to promote closer cooperation between Hong Kong and Ireland’s financial centres. This year has been a breakthrough year globally with the value of green bonds exceeding $155 billion in 2017, up from $82 billion in 2016. In October, Ireland’s NTMA issued its first ever green bond, valued at a3 billion. There is already an estimated a28 billion in green finance activities underway in Ireland.
For more on business tackling climate change go to our industry spotlight feature on page 26.
Sustainable Nation CEO Stephen Nolan, Hong Kong Financial Secretary Paul Chan and Michael D’Arcy, Minster for Financial Services
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