IFLR1000

Lone Star Funds and Start Mortgages €1.3 billion acquisition of Permanent TSB NPL portfolio

1/2/2019
Non-Performing Loan (NPL) portfolio sale
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€ 1.3 billion

$ 1.441 billion

Completed

1/2/2019

Overview:

  • American private equity firm Lone Star and its affiliate Start Mortgages have acquired a portfolio of NPLs from Permanent TSB for €1.3 billion.
  • The portfolio contained residential loan portfolio worth €2.2 billion. 

Rajeeb Gurung - Researcher

Jurisdiction:

Ireland

Deal type:

Non-Performing Loan (NPL) portfolio sale

Practice area:

Banking

Industry sectors:

Banking
Financial services

Firms:

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