Lotus Investment Group has been acquired by Meitav Dash
Lotus Investment Group (Lotus) has been sold to Meitav Dash Investment Ltd.
Lotus is a leading non-bank lender in the development finance market in Ireland. Since inception, Lotus has committed US$380 million in financing and has contributed to the development of approximately 3,000 homes. Established in 2014, Lotus was the first mover into the Irish development finance market, following the entrenchment of the Irish banks after the financial crisis. The company is primarily focused on funding site acquisitions, development and investmentd, with a focus on small and medium-sized residential development projects, primarily in the Greater Dublin Area.
Meitav Dash is a publicly-listed Israeli investment group with US$37 billion under management. The group invests across asset classes and geographies on behalf of institutional clients.
Oaklins’ team in Ireland advised the seller in this transaction.
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