Barclays Bank investor group £5.3 billion acquisition of Bradford and Bingley mortgages

22/5/2018

Private acquisition

Value:

£ 5.3 billion

Dollar value:

$ 7.099 billion

Status:

Announced

Date:

22/5/2018

Overview:

Barclays Bank investor group has acquired Bradford and Bingley mortgages for £5.3 billion from UKAR.
Pimco has provided equity funding for the acquisition.
Barclays has led the investor consortium, comprising HSBC, Lloyds and Natwest.
The deal follows Blackstone/Prudential £11.8 billion acquisition of Bradford & Bingley buy-to-let mortgage portfolio.

Katrin Kostadinova - Data analyst

Jurisdiction:

United Kingdom

Deal type:

Private acquisition

Practice area:

M&A

Governing law:

England and Wales

Industry sectors:

Banking
Financial services

Firms:

Allen & Overy

Party: Pimco (Lender)

Cadwalader Wickersham & Taft

Party: Barclays (Financial adviser)

Slaughter and May

Party: UK Asset Resolution - UKAR (Seller)

Lawyer: Guy O'Keefe

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