Saturday April 4, 2020

Funds flock to bid on €5bn Emerald and Ruby

Interested parties include Lone Star, CarVal, Goldman Sachs and Apollo

20th March, 2016
Project Jewel included the sale of Dundrum Town Centre Pic: RollingNews.ie

They are named after precious jewels, but one industry source uncharitably dubbed Nama’s final debt book sell-offs as the ‘dregs’ of its wares.

Nonetheless, some of the ‘usual suspect’ big names will explore the data rooms of Project Emerald and Project Ruby, which have a combined face value of €4.7 billion, and are due to go to first bid stage on April 20.

Interested parties will include Lone Star, CarVal,...

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