Goldman acquires Money Partners

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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...

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