Seen & Heard: DNG enters the mortgage broker market, Quanta Capital targets Signa assets, and Virgin Media refused €30m for public service broadcastingInternational investors in University of Limerick's immersive software engineering programme have been spooked by recent controversy over a €5.2 million overspend by the university on student housing.
Economics professor Stephen Kinsella told a meeting last week that he had been forced to assuage the fears of several significant investors as a result of the situation. The company said the business would be trading within a fortnight, as former head of mortgages at Finance One, Cian Carolan, has joined DNG to head the new venture.
Signa, founded by the Austrian magnate Rene Benko and co-owner of luxury retail stores such as Selfridges in London and Brown Thomas and Arnotts in Dublin, declared insolvency in November.