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Mishcon de Reya advises the management of Kensington Group on its acquisition by Blackstone Tactical Opportunities and TPG Special Situations Partners
 FirmNews 
Date
30 January 2015

Mishcon de Reya advises the management of Kensington Group on its acquisition by Blackstone Tactical Opportunities and TPG Special Situations Partners

Mishcon de Reya has today announced that it successfully advised the management of Kensington Group on its acquisition by Blackstone Tactical Opportunities and TPG Special Situations Partners, from its parent company Investec plc.

Kensington Group has been a leading player in the UK specialist residential and buy-to-let mortgage market since its establishment in 1994. It was listed on the London Stock Exchange from 2000 to 2007.

Blackstone and TSSP intend to develop Kensington's mortgage lending business and broader speciality finance capabilities, and are appointing Ian Henderson as group chief executive to lead that strategy. Keith Street will continue to head Kensington's mortgage business.

The Mishcon de Reya team was led by Private Equity Partner, Simon Sale, assisted by Associate, Allison Keyse.