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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