Empty Link Skip to Content

Matheson Advises AIB on Joint Venture with Autolease Fleet Management

Matheson is pleased to have advised AIB on its recently agreed joint venture with Nissan Ireland, in relation to Autolease Fleet Management.  An initial investment by AIB will help provide more sustainable car leasing options to businesses and personal customers, and further funding over time will support the strategic expansion of the Autolease business, which trades as NiftiBusiness and Nifti Personal Leasing.

Caroline Kearns, partner in Matheson’s Corporate M&A department said; “The Financial Institutions Group in Matheson is delighted to have advised AIB on this strategic transaction.  It is an interesting example of revenue diversification into non-interest income which is a trend that has been evident in Irish banking deals this past year.   We look forward to working with AIB to complete the transaction in 2022”.

Completion of the deal is subject to approval from the CCPC, expected in early 2022.  The Matheson team was led by partner Caroline Kearns and associate Eoin Shiel, from our Financial Institutions Group,  with input from a team of other specialist lawyers within Matheson’s Corporate Group.