Logo
Logo
  • Stories
  • Voices
  • Podcasts
  • Events
  • Search
  • Log In
  • Subscribe
  • Stories
  • Voices
  • Podcasts
  • Events

Follow Us

Full coverage: Debt

Cerberus is a potential buyer for Ulster Bank’s loan book in the Republic. This is how it built its Irish empire

In a major report, we investigate the vulture fund's 52 Irish companies to unveil the property deals, the profits and the tax bills. Using Ireland as a base for aggressive European distressed debt deals, it is also moving into property development in Dublin.

Thomas Hubert
20th Oct, 2020 - 11 min read

Vulture structure: The €18bn debt deals that turned Ireland into CarVal’s bridge to the world

A month-long investigation reveals the inner workings of CarVal’s Irish buying spree – the structures, the discounts, the tax tactics and the profits. It also reveals the ongoing use of the Section 110 tax shelter, with the vulture fund now using it to buy assets all over the world.

Thomas Hubert
3rd Aug, 2020 - 16 min read

Cerberus uncovered: How the hound of hell uses Dutch co-ops to guard Irish profits against tax

To understand how vulture fund Cerberus manages billions of euros’ worth of Irish assets, you must look to Baarn, a small town 45 minutes away from Amsterdam. From there, you will see just how the fund is managing to flatline its tax bill, a two-month investigation by The Currency can reveal.

Thomas Hubert
18th Jun, 2020 - 8 min read

Constantin Gurdgiev: €3bn a month or more – the cost of offsetting the Covid-19 shock

Between households and indigenous enterprises, Constantin Gurgdiev does the math on the level of income and credit support required to keep the economy on life support during the crisis – and calls for a whole new form of money printing to finance it.

Constantin Gurdgiev
25th Mar, 2020 - 11 min read

Financial flatline: How delayed debt talks and sluggish growth derailed a favourite of the Irish med-tech scene

VideoDoc was billed as the next big thing, raising millions from investors and even appointing a former health minister as chair. Now, its assets have been sold for crumbs with liquidators poised to wind up the business. Just what went wrong?

Thomas Hubert
17th Feb, 2020 - 5 min read

Creative destruction and consumer credit: A Fintech song for the Irish banks

Irish banks should embrace the trend toward higher degree of automation in management of clients' services and accounts, opening up the sector to fintech solutions rather than waiting for them to eat the banks' lunch.

Constantin Gurdgiev
7th Jan, 2020 - 6 min read

“Forgery and lies”: How a tycoon’s €70 million debt deal came unstuck

Feted as the racehorse owner behind Cheltenham winner, Kicking King, Dublin businessman Conor Clarkson reaped the rewards of a fortune made in property. Then he lost it all. On the verge of bankruptcy, he was thrown a lifeline. This is the story of how the rescue deal fell apart.

Francesca Comyn
19th Dec, 2019 - 11 min read

Mapping Goldman Sachs’ €8bn Irish debt maze: the structures, the litigation, the people and the profits

Goldman Sachs, the titan of global finance, has spent more than €8bn buying distressed debt portfolios. Following a two-month investigation, we unlock the structures and the securitisation vehicles used to house its new Irish empire.

Thomas Hubert
3rd Dec, 2019 - 9 min read

Before Ardagh backers can cash in on the public markets, it needs to cut debt

The Ardagh Group has been a master of debt. Walking a fine line, it has borrowed and spent its way to the top of its industry. Now the time has come for Ardagh to de-lever, so its owners can have their long-awaited stock market payday.

Sean Keyes
8th Nov, 2019 - 6 min read

The state’s relationship with vulture funds is schizophrenic, amounting to little more than damage limitation

The populist noise surrounding so-called cuckoo funds is merely deflecting attention away from the aggressive tactics being deployed by old-fashioned vulture funds. They are gaming the system, and the state continues blindly selling to them.

Ian Kehoe
23rd Oct, 2019 - 6 min read
« Previous 1 … 4 5 6 7 Next »
Logo
  • Advertise
  • About
  • Contact
  • Terms and Conditions
  • Privacy

© 2025 Currency Media Limited

Sign In

Forgot your password?
Logo

Not a subscriber yet?

Create an account