Brosnan backs honey firm takeover

AN investment fund led by Denis Brosnan has backed the takeover of a British honey manufacturer for over €10 million.

Lydian Capital, a Swiss-based investment house founded by Mr Brosnan, is a major shareholder in Wellness Foods, which has bought Oxfordshire firm Rowse Honey Company.

Investors in Lydian Capital include John Magnier, JP McManus and Dermot Desmond. Mr Brosnan is a close business associate of the ‘Coolmore gang’. He chairs their nursing home company Barchester Healthcare and was also chairman of Next Generation, the fitness club chain.