State fund takes stake in Finance Ireland
ISIF to invest €30m in lender founded by banker Billy Kane
Lender Finance Ireland, which was founded by veteran banker Billy Kane. has announced a deal with theIreland Strategic Investment Fund (ISIF).
Under the deal, the former National Pensions Reserve Fund will invest €30m for a 32 per cent stake in the company.
After the investment, ISIF will nominate two directors to join the Finance Ireland board.
This deal followsa €25m investment by private equity giant Pimco last year.
After today’s deal, Pimco and ...