International investment manager M&G plc has taken a significant equity stake in the business, while existing institutional shareholder Pimco has also increased its holding.
"This transaction is a huge vote of confidence not just in Finance Ireland and the management team but in the Irish economy, providing us with long-term capital to grow and expand our customer offering and execute our long-term growth strategy," said CEO, Mr Kane. The company would not comment on the revised valuation for the firm, but industry sources indicated that it is now worth over €250m.
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