Barclays Bank has Agreed to Acquire Kensington Mortgage Company for ~ £2.3B
Barclays PLC ("Barclays") today announces that Barclays Bank UK PLC ("Barclays Bank UK") has agreed to acquire UK specialist mortgage lender Kensington Mortgage Company Limited ("KMC") from companies controlled by funds managed by Blackstone Tactical Opportunities Advisors L.L.C. and funds affiliated with Sixth Street Partners LLC.