Dillon Eustace advises Deutsche Bank on financing Irish credit firm’s MBO

Dillon Eustace recently acted as advisors to Deutsche Bank AG London Branch who provided the financing for the recent management buy-out of Seniors Money Ireland.

Conor Keaveny, partner in the law firm’s banking and capital markets team, led the transaction with support from partner John-Hugh Colleran and regulatory and compliance advice from Breeda Cunningham.

The Seniors Money group, which includes a retail credit firm regulated by the Central Bank of Ireland, is a provider of lifetime loans.

The Irish-based management team of Seniors Money Ireland has bought full control of its Irish and Spanish units from Seniors Money International, which is owned by majority backer Quadrant Private Equity and private New Zealand investors.

Commenting on the deal, Mr Keaveny said: “We were delighted to have acted for Deutsche Bank AG London Branch, in their funding of the MBO of Seniors Money Ireland.

“This deal is a further sign of the growing resurgence and confidence in the Irish economy and the property market in particular and another example of the interest from overseas investors in financing such deals.”