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.
Case details
- Notification date:12 October 2014
- Publication date:12 October 2014
- Economic sector:Financial and insurance services - L
- Economic sub-sector:Financial services (non-insurance) - L.64
- Outcome:Cleared
Documents
M.14.025 Merger AnnouncementPDF | 43 KBM.14.025 Merger Announcement PDF | 43 KB - Opens in new window
M.14.025 DeterminationPDF | 70 KBM.14.025 Determination PDF | 70 KB - Opens in new window
Timetable
Parties Involved
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.
Contacts
