Royal Bank of Canada backing Lone Star deals

Royal Bank of Canada has emerged as the principal backer of investment giant Lone Star's recent deal to buy Nama's Project Holly portfolio for €210 million.

16th March, 2014

Royal Bank of Canada has emerged as the principal backer of investment giant Lone Star's recent deal to buy the National Asset Management Agency's (Nama) Project Holly portfolio for €210 million.

The Texas-based private equity firm won the competition to buy Project Holly, a portfolio of non-performing Irish loans nominally valued at €373 million, in January. The portfolio is made up of 28 commercial property investment and development loans to Sean Reilly's McGarrell Reilly Group,...

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