EBS to be acquired by the Cardinal Consortium
namawinelake | September 15, 2010 at 2:06 pm
One of the five NAMA institutions, the Educational Building Society (EBS) has been acquired by a consortium including the American venture capitalist, the Carlyle Group and Wilbur Ross and an unnamed Irish firm. It would appear that the other bidder, Ireland’s Irish Life and Permanent – a financial institution covered by the State guarantee but not taking part in NAMA, has been unsuccessful in its bid.
- UPDATE 1-US investor joins Cardinal consortium to bid for EBS (reuters.com)
- Wilbur Ross Goes To Ireland: Gets Government Backstop To Snap Up Troubled Bank (businessinsider.com)
- J.C. Flowers, Other EBS Bidders Said to Weigh More Irish Buys (businessweek.com)