Move sees management of 11,000 mortgages move to Mars Capital Ireland
The deal has seen the management of mortgages to some 11,000 customers transfer gradually over a period of months, increasing assets under management by Mars Capital to more than €10 billion
The deal, which first emerged last November, has seen the management of mortgages to some 11,000 customers transfer gradually over a period of months, increasing assets under management by Mars Capital to more than €10 billion, Mars said in a statement. “Bringing more than €2 billion of assets under our management on to our platform is both an exciting expansion of Mars Capital’s business in Ireland and a huge responsibility which we take very seriously,” said Colin Maher, chief executive of Mars Capital Ireland.Fully let investment on Dublin’s South William Street seeking €3.6mStart had been licensed and regulated by the Central Bank to operate as a retail credit firm from 2008, focusing on the sub-prime mortgage market.
In 2017, Mars Capital was acquired by Arrow Global Group, one of Europe’s leading asset-management companies specialising in private credit and real estate. Arrow continues to actively seek further deals to expand its footprint in Ireland.
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