Kensington’s buyout, agreed in early September last year, has already received regulatory approval and is expected to complete before the end of January.
Acenden is being positioned to begin mortgage servicing for Kensington, subject to regulatory and antitrust approval of the deal.
Acenden has more than 64,000 loans under management and is valued at about £5.4bn. The firm provides primary servicing, special servicing, analytics and securitisation services 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.”
A Kensington spokesman said: “Our focus is on continuing to deliver business as usual as we build a foundation for future growth and we do not comment on matters outside of our business.
“We are aware that Blackstone and TSSP have also entered into an agreement to acquire Acenden which we understand will continue to be operated as a separate and distinct company with separate regulatory authorisation.”
