A&L Goodbody advises PTSB Group on its sale

A&L Goodbody is sole legal adviser to PTSB Group Holdings plc on a recommended cash offer of c. €1.62bn from pan-European and U.S. banking group BAWAG. This offer followed PTSB’s Formal Sales Process (announced 30 October 2025). PTSB is an Irish retail and SME pillar bank, with a banking heritage stretching back over 200 years to 1816. Focusing on personal and business banking and serving c.1.3 million customers across Ireland, the bank offers current accounts, deposits, mortgages and loans through a multi-channel model, combining digital banking with a nationwide branch network.

Commenting on ALG’s involvement, Paul White, Senior Adviser, said: "Congratulations to the PTSB Board and its leadership team on a successful Formal Sales Process leading to this recommended cash offer. PTSB has been a valued client of our Firm since before its de-mutualisation in 1994. We have been privileged to be involved in all its major corporate transactions since then and have greatly enjoyed the journey with them."

ALG’s team was led by corporate partners Charles Carroll and Alan Casey along with senior adviser Paul White, and by senior associates Eoin Shiel and Randal Stewart with support from Dillon Harris, Shane Swaile, Katherine Lynch, Rachael Slattery, Ross O'Toole, and Michelle Cotter. The team also includes Jennie Quirke, Dario Dagostino, Louise Hogan, Caroline O'Byrne, Dr Vincent Power SC, Damien Ryan, Enda Hurley, Cecelia Joyce and Brendan McGrath.

Date published: 14 April 2026