Consortium Acquires 4finance's Core Assets and Launches Mellenu Holding

A consortium led by Kieran Donnelly, chairman of 4finance Holding, has finalized an agreement to acquire the company's core consumer lending assets. The newly established Mellenu Holding in Luxembourg will own these assets. This move follows 4finance's successful exit from its investment in tbi Bank.

The new shareholder structure aims to improve focus and streamline decision-making. Management will hold 25% of Mellenu Holding, while existing shareholders retain 35%, and new investors hold 40%. The transaction will proceed in two stages, ultimately leading to full acquisition.

Mellenu Holding will continue existing bond obligations and enhance leadership and governance. Donnelly becomes Chairman, with Nick Philpott as CEO and Ivo Zvirbulis as CFO.