A management-led consortium has completed the purchase of Landsbanki Islands’ 84% interest in Merrion Capital and now moves to 100% ownership. The transaction has been approved by the Irish Financial Services Regulatory Authority.

The financial details of the buyout will not be publicly disclosed.

John Conroy, CEO of Merrion commented: “Irish financial markets are undergoing major structural and reputation change and face significant challenges in recapturing previous standings; the Irish corporate landscape is also being significantly reshaped, as companies adjust to the changing macro environment. However, strong leadership can renew trust and confidence and drive recovery. Merrion Capital is more motivated than ever to continue to offer a fresh, independent and high quality service to our clients and to participate in the rebuilding process.”