PTSB beefs up advisory team ahead of funds drive

Permanent TSB is beefing up its advisory team, as it prepares to raise €525 million in fresh capital from private investors.

22nd March, 2015

The 99 per cent state-owned bank has hired Goodbody Stockbrokers and the New York-based investment bank Keefe, Bruyette & Woods as co-lead managers on the capital raise.

Those firms join the bank’s long-time Irish and international financial advisers Davy and Deutsche Bank on the deal. The Department of Finance has its own external advisers on the transaction, JP Morgan Cazenove.a

The bank is looking to raise €400 million through the sale of new...

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