Permanent TSB Group Holdings has confirmed that US private equity firm Lone Star is among the parties taking part in ongoing Formal Sale Process which was announced by PTSB on 30 October 2025.
PTSB noted the recent speculation about Lone Star in recent media in a statement released this morning.
It said Lone Star Fund XII Acquisitions, LLC and a consortium involving Sixth Street Luxembourg S.à r.l. and Centerbridge Partners, L.P. on behalf of certain of their affiliated investment funds or vehicles
(the "Consortium"), are among the participants.
Earlier this month the bank confirmed that Austria's BAWAG is also among the participants.
PTSB said it expects to continue to engage with relevant parties, including potential offerors and other stakeholders, in relation to the Formal Sale Process in the coming weeks.
The bank said: "Shareholders are advised that this announcement does not represent a firm intention by any of Lone Star or the Consortium, or any other party, to make an offer under Rule 2.7 of the Irish Takeover Rules and there can be no certainty that any offers will be made, that any sale or other transaction will be concluded, nor as to the terms on which any offer or other transaction may be made."
It also said the objective of the Formal Sale Process remains the same, to identify a new owner that will enable PTSB to continue building on its recent strategic and financial progress, and to support the Company in the next phase of its growth and strategic development.
The bank said there is no impact to customers as a result of this announcement, and PTSB's operations, products and services remain unaffected.
It said a further announcement will be made at the appropriate time.
