Bank of Ireland announces joint venture with US company
The Bank of Ireland Group has taken a leap forward in its strategy to grow a portfolio of niche, skill-based businesses internationally by announcing a joint venture with a leading US private equity specialist.
The new enterprise with Paul Capital Partners is intended to provide private equity fund of funds products and advisory services to institutional and other investors worldwide.
The undertaking will be called Paul Capital Top Tier Investments, in which the Bank of Ireland will have a 50 per cent share — an amount that may increase to 70 per cent after 2008 on a pre-agreed basis.
With the new partnership, the group’s family of firms now includes Bank of Ireland Asset Management, Iridian Asset Management, Guggenheim Advisors and Bank of Ireland Securities Services.
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