Investec pumped $100m into Start Mortgage before it was sold to Lone Star

21st December, 2014

South African investment bank Investec pumped almost €100 million into its sub-prime Irish mortgage business Start Mortgages, days ahead of its sale to US private equity giant Lone Star.

The sale, which was announced in September, closed on December 4.

Documents filed with the Companies Registration Office (CRO) show shares valued at €99 million were allotted less than a week earlier on November 28.

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