Blackstone, TPG buy UK resi lender

Specialist investment divisions of The Blackstone Group and TPG Partners have teamed up to buy Kensington, the specialty UK residential mortgage lender, from Investec which bought the lender in 2007 during a UK residential property bull run, writes Robin Marriott. Blackstone Tactical Opportunities and TPG Special Situations Partners (TSSP) have paid £180m) for the company […]

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