Last updated: 05:16 / Friday, 9 January 2015
From administrators of Lehman

Blackstone and TSSP Agree to Acquire Acenden Mortgage Servicing Solutions

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Blackstone and TSSP Agree to Acquire Acenden Mortgage Servicing Solutions
  • Acenden is a mortgage servicing solutions provider
  • The transaction is expected to close in early 2015, subject to customary regulatory and antitrust approvals

Funds managed by Blackstone Tactical Opportunities and TPG Special Situations Partners have agreed to acquire Acenden Mortgage Servicing Solutions from the administrators of Lehman Brothers.

Acenden is a mortgage servicing solutions provider.  The Company 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).  Acenden 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.

For your information...

Acenden is a mortgage servicing solutions provider, adding value through the use of innovation, operational experience and advanced analytics, to enable better asset performance, risk management and business performance. 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). Acenden employs almost 400 skilled and highly trained people located in central London, High Wycombe and Dublin. Previously a part of Lehman Brothers bank, and known as Capstone, in 2010 the business was launched as a standalone third party mortgage outsourcing solutions provider and rebranded as Acenden.

TPG Special Situations Partners is the dedicated credit and special situations platform of TPG, a global private investment firm. TSSP manages over $10 billion.

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