Permanent TSB plc’s Acquisition of Ulster Bank Business

Arthur Cox advised Permanent TSB plc on the deal.

Permanent TSB plc proposed the acquisition of certain elements of the Ulster Bank retail, SME and asset finance businesses from Ulster Bank as further described in the announcement link below. The transaction remains subject to receipt of regulatory approvals.

Permanent TSB Group Holdings plc, formerly Irish Life and Permanent plc is a provider of personal financial services in Ireland.

The Arthur Cox team was led by Brian O’Gorman (Picyure – Corporate and M&A), Darragh Geraghty (Finance) and Orla O’Connor (Finance) and included Amy McDermott, Kate Hogan, Patrick Munnelly, Eoin McCague and Emma Mullen Reynolds (Corporate and M&A), Darina White, Seamus Barnett and Simon McPartlan (Finance), Robert Cain, Phil Cody, Peter Murphy, Aaron Tangney and Catherine Wolfe (Financial Regulation),  Séamus Given, Rachel Barry and Mary Heavey (Employee Benefits), Michael Shovlin and Enda Kerr (Pensions), Olivia Mullooly, Ian Duffy, Aoife Mac Ardle and Siobhán O’Shea (IP/IT), Richard Ryan, Simon Breen and Edel O’Connell (Competition), Órlaith Molloy, Elaine Caulfield, Theresa Kiely and Sarah Kelly (Real Estate), Michael Twomey and Alan Coyne (Litigation, Dispute Resolution and Investigations) and David Kilty (Tax).

Involved fees earner: Seamus Barnett – Arthur Cox; Rachel Barry – Arthur Cox; Simon Breen – Arthur Cox; Robert Cain – Arthur Cox; Elaine Caulfield – Arthur Cox; Phil Cody – Arthur Cox; Alan Coyne – Arthur Cox; Ian Duffy – Arthur Cox; Darragh Geraghty – Arthur Cox; Séamus Given – Arthur Cox; Mary Heavey – Arthur Cox; Kate Hogan – Arthur Cox; Sarah Kelly – Arthur Cox; Enda Kerr – Arthur Cox; Theresa Kiely – Arthur Cox; David Kilty – Arthur Cox; Aoife Mac Ardle – Arthur Cox; Eoin McCague – Arthur Cox; Amy McDermott – Arthur Cox; Simon McPartlan – Arthur Cox; Órlaith Molloy – Arthur Cox; Emma Mullen Reynolds – Arthur Cox; Olivia Mullooly – Arthur Cox; Patrick Munnelly – Arthur Cox; Peter Murphy – Arthur Cox; Edel O’Connell – Arthur Cox; Brian O’Gorman – Arthur Cox; Siobhán O’Shea – Arthur Cox; Richard Ryan – Arthur Cox; Michael Shovlin – Arthur Cox; Aaron Tangney – Arthur Cox; Michael Twomey – Arthur Cox; Darina White – Arthur Cox; Catherine Wolfe – Arthur Cox;

Law Firms: Arthur Cox;

Clients: Permanent tsb Group Holdings PLC;

Giulia Di Palma

Author: Giulia Di Palma