Blackstone and TSSP snap up Acenden
Acenden provides primary servicing, special servicing, analytics and securitisation services. It has more than 64,000 loans under management, with a value of about £5.4bn (at December 2013) and employs almost 400 staff located in central London, High Wycombe and Dublin.
Amany Attia, chief executive Officer of Acenden, said: “We are excited to work with Blackstone and TSSP and believe that Acenden is well placed to benefit in the long term from the collaboration with our new shareholders.”
The transaction is expected to close in early 2015, subject to customary regulatory and antitrust approvals.