Vivier Group announces restructuring through sale of its non-core divisions and acquisition of several new entities
Contributed by Vivier & Co
11 March, 2016
The President and CEO of Vivier Group, Luigi Wewege, announced today that the Group has undertaken a restructuring through the acquisition of Vivier Ltd (Slovakia) and Vivier Ventures GmbH (Germany), as well as the sale of Vivier Mortgages Ltd. (Ireland) and the closing of Vivier Home Loans Ltd. (United Kingdom).
Luigi Wewege, the President and CEO of Vivier Group, announced today its expansion into Central and Eastern Europe through the acquisition of Vivier Ltd (Slovakia) and Vivier Ventures GmbH (Germany).
"From our origins in New Zealand, with a primary focus on Western European markets, we're starting to evolve from that," said Luigi. "As part of the plan to expand further, the Group is additionally now considering acquisitions in the Czech Republic and Estonia, as well as in the Caribbean and Africa. Vivier now has a presence on virtually every continent."
"With Vivier's multinational banking and financial services expanding rapidly, the Board decided that the time was right to start the process of selling off Vivier's non-core companies. After vetting several interested purchasers, I am pleased to announce that we have come to agreement with FD Irish Mortgages Ltd, who have acquired the shares and loan stock in Vivier Mortgages Ltd" said Wewege.
The company has changed its name to Eire Mortgages Ltd and come under completely new management. Nevertheless, its legal status with existing borrowers remains unaffected.
EML's new owners commented "The FDIM Board felt the time was right to acquire an asset in one of Europe's fastest growing jurisdictions. We are very pleased to have come to this agreement and hope to strengthen the company and grow the EML management team in the future."
Eire Mortgages has decided to continue its relationships with solicitors Cunneen & McCarthy, Louis Dockery and Crowley Millar as well as with Chartered Accountants Byrne Curtin Kelly and Land Agents CME of Naas and Newbridge.
About Eire Mortgages Ltd.
EML is a Dublin, Ireland based home loan company. It has specialised in secured property lending, principally for domestic mortgages and building projects for nearly twenty years.
About Vivier Group:
Vivier Group is the global umbrella organisation of Vivier & Co, Vivier Capital, Vivier Developments, Vivier Investments, Vivier Ventures and launching shortly Vivier Bank and Vivier Growth Fund.
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