Paddy McKillen Junior’s hospitality group Press Up has declined to comment on reports that London based Cheyne Capital is finalising a refinancing deal to take a majority equity stake
Press Up owns popular restaurants and bars such as Captain America’s, Elephant and Castle, Angelina’s ,Workman’s Club, Ashton’s, the Lucky Duck., as well as the Stella Cinema in Rathmines.
Press Up had previously abandoned plans to raise capital through an IPO in 2019
Cheyne Capital specialises in real-estate debt, corporate credit, and convertible bonds, and seeks out opportunities in under-researched investments.
