Monday 11 December 2017

Finance Ireland seeks to raise €230m in funding

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

Gavin McLoughlin

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.

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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