A fund backed by the Czech finance minister has bought a 51% stake in an Irish fertility business.

The company is ReproMed, which provides assisted reproduction services and has clinics in Dublin and Kilkenny. It was set up by embryologist Declan Keane in 2009.

Keane has sold a 51% stake in ReproMed to FutureLife, a healthcare group owned by investment fund Hartenberg Holding, which is backed by Czech finance minister Andrej Babiš and business partner Jozef Janov. The amount paid for the 51pc stake was not disclosed.

FutureLife owns 15 fertility clinics in the Czech Republic, Slovakia and the UK.

Demand for IVF services is rising as people increasingly delay having children.

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Born in Vicenza 1 March 1980, University IULM of Milan in the degree program Public relations and advertising, Founder of MyPrague app, official city guide suggest by Prague City Tourism, he manages the PR for 7 Italians singers (Toto Cutugno)