Tuesday March 31, 2020

Vulture funds set for post-election blitz on business

Poll: FG rises as Sinn Féin slumps; Business backs FG despite concerns

21st February, 2016
TDs call time on vulture funds

A number of so-called vulture funds are preparing to pull the trigger on hundreds of business foreclosures and property receiverships in the aftermath of the election.

The private equity giants, who have spent tens of billions of euro acquiring distressed Irish loan books, have secretly briefed insolvency practitioners to be ready for a blitz over the coming months.

The funds are deliberately waiting until after the election to make their moves against Irish businesses, in...

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