Hurley Palmer Flatt - an update Last week Building reported on pre-tax losses reported by Hurley Palmer Flatt in its latest filed accounts, and a refinancing deal involving private equity fund ISIS Ⅳ. Since publication, the directors at Hurley Palmer Flatt have been in touch to point out that the company has not been in financial difficulty and that it undertook a consensual restructuring with ISIS Private Equity, which was a minority investor. Building understands that Hurley Palmer Flatt bought back the minority stake from ISIS, for an undisclosed sum, to return the company back to being 100% independent.
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