Asset manager and banking group Investec (INVP.L) has announced this morning that it has completed the sale of its UK mortgage business Kensington for £180Million.
The sale also included other Investec mortgage assets which have been purchased by funds managed by Blackstone Tactical Opportunities Partners and TPG Special situations Partners.
The company also recently sold Investec Bank in Australia.
Investec Commenting said “The transaction supports Investec’s strategic objective to simplify and reshape its specialist banking business and substantially reduces the assets within its legacy non-core business”
Asset manager and banking group Investec (INVP.L) has announced this morning that it has completed the sale of its UK mortgage business Kensington for £180Million.
The sale also included other Investec mortgage assets which have been purchased by funds managed by Blackstone Tactical Opportunities Partners and TPG Special situations Partners.
The company also recently sold Investec Bank in Australia.
Investec Commenting said “The transaction supports Investec’s strategic objective to simplify and reshape its specialist banking business and substantially reduces the assets within its legacy non-core business”
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