The horizon is our next milestone.....
Abbey International Finance undertakes its first transaction with funding from Chase Manhattan Bank.
As part of a joint venture with Gordon Food Service we purchase 15 Marketplace Stores.
FBD disposes of its interests in Abbey International Finance. Meanwhile we have continued to grow our leasing business with Gordon Food Service and have added additional Marketplace Stores which now amount to 37 stores in total.
Abbey becomes fully self-managed and a new board of Directors is appointed. A Business Diversification plan is established and the first real estate transaction is undertaken with Signature Capital.
European leasing operations begin in conjunction with Chetwode and the Celtic Leasing brand is launched in both Ireland and Europe.
Abbey International Finance sets up two new regulated insurance entities, one based in Dublin and the second in Malta. By this time we have commenced investment in German commercial property, specifically in the B1 Centre in Berlin. An investment was made in an Irish logistics company, FreightWatch.
Investment made in the Delphi Resort, Connemara with further diversification into Europe and significant growth in the insurance side of the business.
The Marketplace Stores are sold for $80M. Celtic Leasing Plant Hire is set up to meet the demand for plant in the newly regenerated construction industry. Investments are made in the establishment of a Surety Bonds business in conjunction with Finance One. Investments also made in a fast growing food company plus joint venture investments in the The Oak & The Ivy Bars in Dublin City and Lyndhurst, a housing development in Co.Wicklow.
Gaelic Leasing INC is established in Austin, Texas which leads to a significant diversification in our US leasing portfolio. Abbey International Finance acquires 40% shareholding in Advent Solutions Holdings Limited, a UK based specialist insurance consulting and outsource services provider. We also funded the purchase of the Avalon Hostel in Dublin. At the end of this year we have assets of USD $115M and we are debt free.
In June 2016 we celebrated our twenty-fifth year in business and we are looking forward to expanding our horizons even further.
Delphi Resort, Connemara. Guild House, Dublin.
©2016 Abbey International Finance. All Rights Reserved
Abbey International Finance Ltd or Limited is a privately owned company registered and located in Ireland
Registered in the Republic of Ireland No.161395