Project Paris - Lone Star Funds acquisition of Lloyds Banking Group NPL portfolio

1/2/2015

Loan portfolio sale

Status:

Completed

Date:

1/2/2015

Overview:

Lone Star Funds has acquired the Project Paris loan portfolio from the Lloyds Banking Group.
The portfolio has a value of €1.1 billion and consists of 4,000 non-performing Irish mortgage loans.
The loans originate from the Irish branch of Bank of Scotland (now part of Lloyds), which has ceased retail lending in Ireland.

Sam Duke - Editor

Jurisdiction:

Ireland

Deal type:

Loan portfolio sale

Practice areas:

Banking
M&A

Industry sector:

Banking

Firms:

Arthur Cox

Party: Lone Star Funds (Acquirer)

McCann FitzGerald LLP

Party: Lloyds Banking Group (Seller)

Lawyers: Alan Fuller, Eamon de Valera

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