Quinn to begin role as adviser to manufacturing group bearing family name

Seán Quinn, the former billionaire and head of the Quinn Group conglomerate, is to make his comeback in Irish business this week as a paid adviser to a new manufacturing business headed by a number of his former executives.

A consortium of local businessmen in the border area including Fine Gael councillor John McCartin and former Quinn Group chief executive Liam McCaffrey, known as Quinn Business Retention Company (QBRC), has acquired certain assets from the former Group.

Earlier this year, QBRC signed a memorandum of understanding with the former Quinn Group — rebranded Aventas since its takeover by the Irish Bank Resolution Company (IBRC) — for the sale of the packaging and construction supplies business and had been undertaking due diligence on the transaction before closing the reported €90m deal.