Goldman Sachs has today acquired specialist lender Money Partners Holdings Limited following a strategic review by the group.
Money Partners, in which Kensington Group previously held a 57.5% stake, has been sold outright to Goldman Sachs for an undisclosed sum. In late 2007 the lender appointed a team of advisers from PricewaterhouseCoopers to undertake a strategic review which concluded with the sale to Goldman Sachs. Colin Sanders, chief executive officer of Money Partners, says: “The sale of Money Partners represents a satisfactory outcome to the strategic review we initiated last year. "Looking ahead, we believe the market will be challenging in the short-term as the effects of the global credit crunch co...
To continue reading this article...
Join Professional Adviser for free
- Unlimited access to real-time news, industry insights and market intelligence
- Stay ahead of the curve with spotlights on emerging trends and technologies
- Receive breaking news stories straight to your inbox in the daily newsletters
- Make smart business decisions with the latest developments in regulation, investing retirement and protection
- Members-only access to the editor’s weekly Friday commentary
- Be the first to hear about our events and awards programmes