The special opportunities units of buyout firms Blackstone Group and TPG have signalled plans to build a group of UK mortgage businesses with their second joint acquisition in the sector since September.

Blackstone and TPG have bought Acenden Mortgage Servicing Solutions from the administrators of investment bank Lehman Brothers for an undisclosed sum, according to a statement, having acquired specialist mortgage provider Kensington Group for £180 million from bank Investec in September.

Blackstone and TPG signal mortgage sector consolidation with Acenden buyout

Firms signal plans to build a group of UK mortgage businesses with their second joint acquisition in the sector since September

Jennifer Bollen

Blackstone

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