IFLR1000

Project Maeve - Deutsche Bank €97 million acquisition of NAMA loan portfolio

1/7/2015
Loan portfolio sale
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€ 97 million

$ 104.171 million

Completed

1/7/2015

Overview:

  • Deutsche Bank has acquired the Project Maeve portfolio from the National Asset Management Agency (NAMA) for €97 million.
  • The portfolio has a value of €785 million and is secured by 13 assets including three boutique hotels and the Scotch Hall shopping centre in Drogheda.

Sam Duke - Editor

Jurisdiction:

Ireland

Deal type:

Loan portfolio sale

Practice areas:

Banking
M&A

Industry sector:

Banking

Firms:
Matheson LLP

Party: National Asset Management Agency (NAMA) (Seller)

McCann FitzGerald LLP

Party: Deutsche Bank AG Na ON (Acquirer)

Lawyers: Adrian Farrell, Eamon de Valera

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