The sale valued the company at approximately €35 million and saw financier Dermot Desmond as well as CEO Oliver Tattan, senior management and an estimated 35 staff sell their shares, with Tattan alone estimated to have received over €10 million in the sale.
In 1999, McCann sold his shares, leaving Irish entrepreneur Dermot Desmond as the largest shareholder, with a 19.8% holding.
The firm's first investment was announced in October 2006, a 50:50 joint venture between GIP and American International Group (AIG), to acquire London City Airport from Irish businessman Dermot Desmond for an undisclosed sum.
He said he received assistance from his friends, Oliver Barry and financier Dermot Desmond, in the form of loans.
Desmond Child | William Desmond Taylor | Dermot Mulroney | Desmond Morris | Desmond Elliot | Desmond Hume | Dermot O'Leary | Dermot Desmond | Desmond Richardson | Desmond Norman | Desmond Guinness | Earl of Desmond | Desmond Howard | Desmond FitzGerald | Desmond Bagley | Richard Desmond | Kingdom of Desmond | Desmond Shawe-Taylor | Desmond McKenzie | Desmond Harrington | Desmond FitzGerald (politician) | Desmond Connell | Desmond Choo | Dermot Bourke, 7th Earl of Mayo | The Secret Diary of Desmond Pfeiffer | The Saturday Sessions: The Dermot O'Leary Show | Richard Preston, 1st Earl of Desmond | Leslie Desmond Foster Vesey-Fitzgerald | John Desmond Bernal | J. Desmond Clark |
Founded by Dermot Desmond, NCB firmly established its reputation by sponsoring a yacht NCB Ireland in the 1989 Whitbread Round-the-world yacht race, now the Volvo Ocean Race.