Saturday October 24, 2020

The great Nama escape: how Ronan did his deal

The developer has received backing from multi-billion dollar funds Colony Capital and M&G Investments.

22nd April, 2015
Johnny Ronan: finalised a deal with two multibillion-dollar funds. Picture: Photocall

Johnny Ronan finalised a deal last week with two multibillion-dollar funds to secure his exit from the National Asset Management Agency (Nama).

The developer has secured backing from Colony Capital, a $20 billion US investment fund, and M&G Investments, a €340 billion fund, to buy out his remaining Nama debts with repayments beginning on April 1.

Ronan reached agreement with Nama about the terms it required for him to exit about two months ago, allowing...

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