Oireachtas Joint and Select Committees
Tuesday, 25 October 2016
Public Accounts Committee
Special Report No. 94 of the Comptroller and Auditor General: National Asset Management Agency Sale of Project Eagle (Resumed)
10:00 am
Mr. John Collison:
-----Fortress and NewRiver Retail, which had also previously been with PIMCO, had been retained by Cerberus. We had been advised of that and Lazard would have been aware of it at the time. It is commonplace for advisers, particularly property or specialist advisers, who are retained by a bidder who happens to drop out of a process to then have their services retained by a bidder who is still in the process.
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