Barclays Bank UK PLC Acquires Kensington Mortgages from Blackstone and Sixth Street

June 24, 2022

Barclays Bank UK PLC agreed to acquire Kensington Mortgages (KMC and KMS) from funds affiliated with Blackstone Tactical Opportunities and Sixth Street; the deal was announced June 24, 2022 and completed March 1, 2023. The acquisition adds a specialist UK residential mortgage lender — with strong data and technology-driven underwriting and ~600 employees — to Barclays' UK mortgage capabilities.

Buyers
Barclays Bank UK PLC
Targets
Kensington Mortgages (Kensington Mortgage Company Limited and Kensington Mortgage Services Limited)
Sellers
Funds affiliated with Blackstone Tactical Opportunities (Blackstone), Funds affiliated with Sixth Street
Location
Berkshire, United Kingdom
Transaction Type
Buyout

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