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Monday 23 January 2017

Finance Ireland seeks to raise €230m in funding

Published 20/07/2015 | 07:44

Billy Kane's Finance Ireland is looking to raise €230m.
Billy Kane's Finance Ireland is looking to raise €230m.

Financial services group Finance Ireland, which is led by former Irish Permanent boss Billy Kane, wants to raise €230m in equity and debt to fund growth and SME lending.

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Mr Kane told the Irish Times that the funding would also "build out" its agri-leasing activities.

The company hopes to complete the deal by the end of the summer.

Most of the money, €200m, would be debt, while €30m would be equity, the Irish Times reports. International groups are expected to provide the money.

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