Thursday February 27, 2020

As Paddy McKillen bids to stop the Barclays buying his loans, four private equity giants enter the race to snap them up

Paddy McKillen, the Belfast property tycoon, will have to fend off interest from a handful of private equity giants if he is to secure €800 million of his loans being auctioned off by the liquidators of the Irish Bank Resolution Corporation (IBRC).

29th December, 2013
Paddy McKillen: four international funds are believed to have tabled offers for his IBRC loans. Picture: PA

Paddy McKillen, the Belfast property tycoon, will have to fend off interest from a handful of private equity giants if he is to secure €800 million of his loans being auctioned off by the liquidators of the Irish Bank Resolution Corporation (IBRC).

Four international funds are believed to have tabled offers for McKillen's IBRC loans, which is known as Project Pebble.The Barclay brothers, the British billionaire twins, have also lodged a bid, as has McKillen....

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