Dilosk, which started off in 2014 with the purchase of Bank of Ireland’s ICS Mortgages brand and a €223 million portfolio of loans, has since acquired two further books. Dilosk currently has a total portfolio of about €620 million of mortgages. Another UK group, Attestor Capital, saw its holding dip slightly from 19.8 per cent to 17 per cent as part of the funding round. Mr McGrath, his brother Oran, and fellow Dilosk directors Ray McMahon and Pierre-Antoine Joly lead a small group that still own a controlling 54 per cent stake in the business. All told, Dilosk has raised €700 million through three bond refinancings – or securitisation deals – since 2015.

Source: The Irish Times April 16, 2019 04:30 UTC