Since the start of the pandemic, the US vulture fund has written down millions off the value of bad loans acquired from AIB in Northern Ireland – but reported no Covid-19 impact on its latest Irish-owned Spanish landlord business.
Cerberus has been one of the most active vulture funds in Ireland since the financial crash. But with Covid impacting debt collections, a key Irish subsidiary has been deep in talks with Deutsch Bank over a debt extension.
Tech entrepreneur Barry Napier had a side business in pubs and restaurants. When that failed, his bankers went after his most precious asset – his shares in Cubic Telecom.
Cable and Wireless has just placed its Dublin subsidiary into liquidation. With no employees, the special-purpose vehicle had raised bonds worth $1.4 billion to fund communication networks across the Americas.
Ronan Horgan wants to triple the size of Capitalflow, and export the business model of his non-bank lender into Europe. He talks about disrupting the banks, the nuances of business lending and the impact of Covid-19 on his loan book.
Ireland has become a global platform for multinationals to shift profits to low-tax jurisdictions under the form of interest. The resumption of international tax talks following Joe Biden’s election will put this role into question.
Under pressure from a phase two CCPC investigation and changing market conditions, Link Group has pulled out of its deal to acquire Pepper European Servicing one year after it was first announced.
Over the past decade, the New York-headquartered global marketing intelligence giant used Irish companies to funnel multi-billion intercompany loans to its US business. The three Dublin-based vehicles have just gone into liquidation – but what have they achieved?
From 1,000 cases in 2019, High Court debt enforcement actions by banks and vulture funds fell to fewer than 200 last year. Who is still suing borrowers in the middle of a pandemic, who is not – and what is coming next?
Two months into her new job as European Commissioner for Financial Services, Mairéad McGuinness is facing into a potential wave of debt defaults. She wants to see a more sensitive response than the past wholesale offloading of non-performing loans to overseas vulture funds.
© 2025 Currency Media Limited
