M/14/025 – Lone Star / Start Mortgages / Nua Mortgages

Transaction details

The proposed acquisition by Lone Star Fund IX of the issued share capital of Start Mortgages Holding Limited under a share purchase agreement, which included an associated loan book and a loan book (with associated security) which related to Nua Mortgages Limited (together the Target Business) has been cleared by the Competition Authority.

Notification date Decision date
Monday October 13, 2014 Thursday, October 30, 2014
Parties Involved Business activities
Lone Star Fund IX

Lone Star Fund IX(U.S.) L.P. and Lone Star Fund IX (Bermuda), L.P., and Lone Star Fund IX Parallel (Bermuda), L.P. are private equity funds established to make investments, including inter alia, in financial and other investment assets.

Start Mortgages Holding Limited

Start Mortgages Holding Limited is a company incorporated in Ireland, a subsidiary of which is Start Mortgages Limited, which was previously an Irish residential mortgage provider. Start Mortgages Limited is currently closed to new business but remains involved in loan servicing.

Nua Mortgages Limited

Nua Mortgages Limited is the legal owner of mortgage assets and Investec Bank plc.

Economic sector Media merger
Financial services No
Submissions from third parties due by:
Phase 1 Phase 2
Monday, October 27, 2014
Current status: Completed
Cleared (Phase 1)
Authorised Officer Assigned Contact Details
Joseph Walser

Tel: 01-804-5402, e-mail: jw@tca.ie

Media enquiries: MKC Communications: 01 7038600

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