Three bidders remain in contention to buy PTSB, with American private-equity firms now competing against the Austrian bank Bawag. Earlier this month PTSB confirmed that Bawag was one of “a number of parties” participating. Lone Star was among the most active buyers of distressed Irish property assets following the financial crash of 2008-2010. Two years ago Lone Star sold the Irish property business Quintain to another Texas firm, TPG, for about €200m. Sixth Street, with which it is partnering to bid for PTSB, is an active private-equity investor in football.

Source: Irish Independent March 30, 2026 22:41 UTC