Merrion Capital executives preparing management-led buyout of company

Merrion Capital Group’s head of private clients Shane Nolan is preparing a management-led buyout of the firm, according to sources.

A group, which also includes Ivan Fox, chairman of the company’s fund management unit, is in talks to take control of Merrion in an accord that will involve chief executive John Conroy selling his stake.

Mr Conroy may leave the firm he co-founded in 1999, sources said. Allen & Co, the New York-based investment firm, will also sell its minority stake.