M&G completed the acquisition of a 41% stake in Finance Ireland for $50m.

M&G, an international savings and investments company, completed the acquisition of a 41% stake in Finance Ireland, a non-bank lender, for $50m. “Finance Ireland is the largest non-bank lender within the Irish market and is well positioned to take advantage of favourable structural changes as some banks withdraw for core areas of lending. In addition to the growth potential of the business, the investment provides us with long-term funding opportunities as we continue to partner with the team to bring innovative financing solutions to Irish businesses and consumers,” Will Nicoll, M&G Chief Investment Officer.