Top Irish Securities Firm Seeks Buyer After Resignations (1)

Top Irish securities firm Davy put itself up for sale, as the crisis engulfing it continues to reverberate.

The company hired Rothschild & Co as financial adviser to manage the process, the Dublin-based firm said on Thursday. Davy management bought the broker from Bank of Ireland Group Plc in 2006, in a deal valuing the firm at about 350 million euros ($419 million).

At the heart of Irish corporate life, Davy was thrown into crisis after the Irish central bank last week accused it of a “lack of candor” and providing “misleading details” during an investigation. Prime Minister Micheal Martin ...