Billy Kane, head of Finance Ireland, which has raised €50 million of fresh equity as the Ireland Strategic Investment Fund sells stake. Photograph: Eric Luke / The Irish TimesThe Ireland Strategic Investment Fund has sold its 33 per cent stake Finance Ireland as part of a series of transactions that have seen UK investment manager M&G join the shareholder register and participate on a €50 million equity raise.
In 2021, the company’s new lending figure passed €1 billion for the first time and the company is reporting strong demand for its lending offerings as economic activity continues to recover after the pandemic. The company recently moved its car finance business onto its own balance sheet to maximise its growth potential. It previously used funding from UK merchant banking group Close Brothers for this business.
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New jobs for Dublin and Sligo from IDA backed companiesTwo IDA Ireland supported companies - Norman Disney & Young and Trailstone - have announced new jobs for their Irish operations.
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