Deal snapshot: Barclays Acquires UK Specialist Lender Kensington Mortgage Company.

MANews-(C)2009-2022

UK-based bank Barclays plc's (NYSE: BCS) Barclays Bank UK plc business has agreed to acquire UK specialist mortgage lender Kensington Mortgage company Ltd. from companies controlled by funds managed by Blackstone Tactical Opportunities Advisors L.L.C. and funds affiliated with Sixth Street Partners LLC, the company said.

KMC is a UK specialist residential mortgage lender providing mortgages via brokers to...

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