Deloitte & Touche earned fees and expenses of nearly €1 million in 12 months from the receivership of Ireland’s largest waste firm, Greenstar.
Earlier this week, US investment firm, Cerberus Capital Management announced the completion of the acquisition of Greenstar – nineteen months after the waste firm entered receivership.
Documents lodged with the Companies Office show that for the first year of the receivership, receiver and manager, David Carson of Deloitte & Touche received €964,606 in fees and expenses from the work he and his team at Deloitte carried out.
The receiver extracts show that an additional €65,644 was paid out in professional fees for services from persons unknown.
The documents show that Mr Carson received €350,000 for the first six months of the receivership from August 23rd 2012 to February 22nd 2013 and received an additional €614,606 in fees for the period February 23rd 2013 to August 22nd 2013.