Printing group likely to go on the market

ADARE, the printing group and academic book publisher, is being primed for a sale by its private equity owners.

The company is being valued at around €220 million and a sale could net its chief executive Nelson Loane up to €40 million.

Mr Loane holds around 18% of the company’s share with private equity Allen McGuire & Partners owning the remainder. Mr Loane, made around €15 million when the company was bought by Allen McGuire five years ago.