Thursday June 4, 2020

Crosbie exits Nama after striking €7m deal

US fund Garrison financing businessman

29th July, 2018
Businessman Harry Crosbie has made a deal with US fund Garrison Investment Picture: Gareth Chaney/Collins

Businessman Harry Crosbie has exited Nama after securing finance from an investment fund. Crosbie is understood to be paying Nama about €7 million as part of his exit package which will see the state property agency writing off his remaining debts in the tens of millions of euro.

The well-known businessman secured finance to strike a deal with Nama from Garrison Investment, an American fund which works with Earlsfort Capital Partners (ECP) in Dublin.

Crosbie...

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